M&A
M&A
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A breakdown of M&A announcements in the financial services industry for the week ended Feb. 7.
February 9 -
Orange County Business Bank in Irvine, Calif., is facing a proxy battle from a Dallas investment firm.
February 9 -
The $94 billion-asset company said in a press release Monday that it had hired Terry Jenkins as president of Key Private Bank. He is succeeding Tim Swanson, who will remain KeyCorp's chief investment officer.
February 9 - Kentucky
Ohio Valley Financial Group in Henderson, Ky., has merged with BankTrust Financial in Henderson.
February 9 -
Grand River Commerce in Grandville, Mich., has raised $10.7 million through a private placement.
February 9 -
Royal Bank of Canada's deal for City National showed that buyers will pay up for banks that cater to the wealthy. That's why First Republic, Boston Private and Signature Bank may soon find themselves facing offers they can't refuse.
February 6 -
Regulators are taking their review of CIT Group's agreement to buy OneWest Bank to a public forum, following community activists' complaints about the deal.
February 6 -
Delanco Bancorp in New Jersey began trading on Friday on the OTC Markets Group platform.
February 6 -
Banco Santander's stock market value plummeted after it announced an $8.8 billion capital raise and dividend cuts in January. The experience serves as a reminder to bank directors that the interests of investors cannot remain forever on the back burner.
February 6 -
Online marketplace lender CommonBond has announced that Nelnet, an education planning and financing company, has agreed to finance at least $150 million of CommonBond's annual loan volume.
February 5 -
Sunshine Bancorp in Plant City, Fla., has agreed to buy Community Southern Holdings in Lakeland, Fla.
February 5 -
MutualFirst Financial in Muncie, Ind., is facing a proxy battle from two of its investors.
February 5 -
National Penn Bancshares in Allentown, Pa., has agreed to repurchase $75 million of its common stock held by Warburg Pincus.
February 5 -
The $6 billion-asset Pinnacle said in a press release Wednesday that it paid $75 million for a 30% stake in Bankers Healthcare Group in Southwest Ranches, Fla.
February 4 -
Hudson Valley Holding in Yonkers, N.Y., swung to a profit as it prepares to sell itself to Sterling Bancorp in Montebello, N.Y.
February 4 -
Cheviot Financial in Cincinnati will soon have a new chief executive.
February 4 - Nebraska
Premier Bancshares in Omaha, Neb., has agreed to buy Farmers Bank and Trust in Nebraska City.
February 4 -
Two community banks on Tuesday disclosed plans to raise capital by selling subordinated debt.
February 3 -
Management training programs are slowly returning to smaller banks decades after belt-tightening led to their demise. Rigorous regulatory scrutiny, combined with a need for improved risk management and increased income, are spurring the comeback.
February 3 -
Premara Financial in Charlotte, N.C., has a new chief executive.
February 3
