M&A
M&A
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Discover Financial Services will exit the residential mortgage-origination business that it acquired in 2012.
June 16 -
Valley National Bancorp in Wayne, N.J., is planning to issue a combined $200 million in preferred stock and debt.
June 16 -
Steve Apodaca, who recently joined the American Bankers Association, hopes to help farmers navigate falling commodity prices, compete against the Farm Credit System and find ways to lend on new farming technology.
June 16 - Georgia
NCR in Duluth, Ga., may be a target for a possible takeover by private equity firms Blackstone Group and Carlyle Group.
June 16 - Utah
Zions Bancorp. in Salt Lake City has sold its remaining collateralized debt obligations.
June 16 -
Mechanics Bank in Walnut Creek, Calif., shook up its top leadership post following its sale to a Dallas investment group.
June 16 -
Revere Bank in Laurel, Md., has raised $15.5 million through a private placement of its common stock. The $717 million-asset bank sold 1 million shares at $15.50 per share.
June 15 -
A breakdown of M&A announcements in the financial services industry for the week ended June 13.
June 15 -
Institutions with $5 billion to $50 billion in assets have gained a bigger slice of the industry's assets since 2010 by focusing on specialized lending and redefining their markets.
June 15 -
The $5.9 billion-asset company sold the subsidiary, First Merchants Insurance Group, on June 12 to USI Insurance Services, an insurance brokerage firm in Valhalla, N.Y.
June 15 -
Community Bank in Pasadena, Calif., has completed a debt restructuring that will reduce second-quarter profit, but will improve its cost of funds and margins and increase yearly income.
June 15 -
Emclaire Financial in Emlenton, Pa., has raised $8 million in a private placement of its common stock.
June 12 -
Riverview Bancorp in Vancouver, Wash., is in talks with an activist investor about a board seat.
June 12 -
A seemingly minor change to accounting rules governing the treatment of loan losses could effectively serve as a tax on bank acquisitions, say critics. Or not even accounting experts are split, if not confused, about the rule, after three years of debate.
June 12 -
Worth Carter is reluctant to talk to investors and media. He is tight-fisted with costs and is willing to hold off making loans. His namesake bank doesn't offer online banking. But the institution is riding a hot streak of profitability that would make other banks jealous.
June 12 -
Highlands Bancorp in Vernon, N.J., has acquired LCD Mortgage, a residential mortgage originator in Totowa, N.J.
June 12 -
People's Utah Bancorp in American Fork has filed for a $36.3 million initial public offering. The $1.4 billion-asset holding company for Bank of American Fork and Lewiston State Bank plans to sell 2.5 million shares of common stock for $14.50 each.
June 12 -
Executives have taken a wide range of approaches to deal with the prolonged period of low interest rates and the risks associated with their eventual rise. Some of those balance-sheet strategies have cut into banks' profitability and thus their efficiency.
June 11 -
Atlantic Capital Bancshares in Atlanta has increased the portion of its common stock to be used in its pending $160 million acquisition of First Security Group in Chattanooga, Tenn.
June 11 -
North Shore Bank in Peabody, Mass., has agreed to merge with Merrimac Savings Bank in Massachusetts.
June 11





