M&A
M&A
- Texas
Green Bancorp in Houston has agreed to buy Patriot Bancshares, saying it will pay $139 million in common stock for the $1.3 billion-asset parent of Patriot Bank.
May 27 - Florida
Valley National Bancorp in Wayne, N.J., announced its second deal in Florida, a state that has been difficult for other out-of-state banks to enter.
May 27 - Pennsylvania
F.N.B. in Pittsburgh has agreed to buy five branches from Bank of America in eastern Pennsylvania.
May 27 -
We asked bank chief financial officers what advice they would give their younger selves. Here is what they wish they'd known when they started their careers.
May 27 - Florida
Valley National Bancorp in Wayne, N.J., has agreed to buy CNLBancshares in Orlando, Fla.
May 27 -
MutualFirst Financial in Muncie, Ind., is facing pressure from an activist investor to explore a potential sale, even after the bank earlier this year agreed to implement a demand made by the same activist.
May 27 -
The Sunshine State is once again outgrowing the rest of the country and some of its community banks are eager to become the states next flagship. Florida has changed a lot since the old Barnett Bank held that title, and so has banking. But now its thriving homegrown contenders aim to reshape the fragmented banking landscape, which is dominated by out-of-state rivals.
May 27 -
First BanCorp in San Juan, Puerto Rico, has agreed to sell about $200 million in nonperforming loans and other assets to improve credit quality.
May 26 -
The Dallas investment group completed its tender offer for Mechanics Bank last month, culminating a three-year hunt for a target to serve as the base of its roll-up strategy. With that piece in place, the company is looking to buy other banks in northern California
May 26 -
State Bank Financial in Atlanta reached an agreement to end its loss-share agreements for 12 failed banks that it acquired during the financial crisis.
May 26 -
Toronto-Dominion Bank, Canada's second-largest lender by assets, agreed to buy Nordstrom's Visa and private-label credit-card portfolio in the U.S. as it expands purchases in North American consumer credit.
May 26 -
The best-performing banks are those that continue to invest in growth, rather than those that fixate on containing expenses, writes Capital Performance Group's Kevin Halsey.
May 26 -
The Salt Lake City company was a prolific acquirer through the 1990s but has been quiet on the M&A front for several years. It's likely to stay that way in the near term, Chairman and CEO Harris Simmons said.
May 22 -
Investor communications company Broadridge Financial Solutions has entered into an agreement with Thomson Reuters Lipper to acquire its Fiduciary Services and Competitive Intelligence unit.
May 21 -
Several Puerto Rican banks are dealing with a sour participation to a major utility on the island. The creditor like the Puerto Rican government is barred from filing for bankruptcy, complicating matters for its lenders.
May 21 -
Promontory said Wednesday that it acquired FS Advisory from Date, who founded the consulting practice along with Fenway Summer in 2013 after leaving the Consumer Financial Protection Bureau as deputy director.
May 21 - Illinois
Harvard Illinois Bancorp, which has struggled with persistent activist pressure and exposure to a fraud scheme, is preparing to wind down its operations.
May 21 - Florida
Fidelity Southern in Atlanta has agreed to buy the Florida branch network of First Banks Inc. of Clayton, Mo.
May 20 -
The Korean-American bank is looking to diversify its balance sheet and revenue streams before it hits $10 billion in assets. The commercially focused lender hopes such efforts will help it once more regulation kicks in.
May 20 -
Shareholders of JPMorgan Chase voted in favor of Jamie Dimon keeping the chairman and chief executive roles. They likely fear Dimon would retire if stripped of one of the jobs.
May 19




