M&A
M&A
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Big banks had a forgettable fourth quarter thanks to old problems like tight margins and new ones like the collapse in oil prices, but executives who could fall back on products such as credit cards, insurance and investment banking had something to brag on.
January 28 - Tennessee
United Community Banks in Blairsville, Ga., has agreed to buy MoneyTree Corp. in Lenoir City, Tenn.
January 28 -
Farmers National Banc Corp. in Canfield, Ohio, has agreed to buy National Bancshares in Orrville, Ohio.
January 27 -
Carroll Bancorp in Sykesville, Md., has raised $5.1 million through a private placement of its common stock.
January 27 -
Liberty Bank & Trust in New Orleans has received regulatory approval to buy First Tuskegee Bank in Alabama, more than a year after the deal was first announced.
January 27 -
Old National Bancorp in Evansville, Ind., has agreed to buy Mutual Underwriters Insurance in Louisville, Ky.
January 27 -
Prosper Marketplace, the online lending platform that arranges funding for unsecured consumer loans, announced its first takeover Tuesday, paying $21 million to buy American HealthCare Lending. The target offers loans for elective medical procedures.
January 27 -
Two Pennsylvania banks recently called off a mutual conversion/merger after the FDIC rejected it on policy grounds. The decision and lack of guidance from the FDIC could spell trouble for other banks with similar plans.
January 26 -
A breakdown of M&A announcements in the financial services industry for the week ended Jan. 24.
January 26 -
Hamilton Bancorp in Towson, Md., has added a banking veteran to its board.
January 26 - Texas
North Dallas Bank & Trust is in wait-and-see mode after its largest shareholder's death.
January 26 -
Like General Motors extending credit to car dealers, Google will use Lending Club to finance resellers, service providers, and consultants in its supply chain while putting to work a portion of the tech giant's cash war chest.
January 26 -
The Illinois Department of Financial and Professional Regulation closed the $54.7 million-asset Highland Community Bank in Chicago on Friday.
January 23 -
Independent Bank Corp. of Ionia, Mich., is consolidating 14 of its 74 Michigan branches.
January 23 -
A small Georgia lender has reached a deal to avoid a threatened involuntary bankruptcy, though the resolution is likely to leave key legal questions on trust-preferred debt and bankruptcy unresolved.
January 23 -
Huntingdon Valley Bank in Huntingdon Valley, Pa., and Victory Bank in Limerick, Pa., have called off a planned merger of equals.
January 23 -
First Citizens Banc Corp in Sandusky, Ohio, is changing its name.
January 23 -
Associated Banc-Corp in Wisconsin reported a modest increase in quarterly earnings, and its CEO said it is actively seeking acquisition targets.
January 22 -
ServisFirst Bancshares in Birmingham, Ala., which went public last spring, reported a 27% increase in earnings, to $15 million, in the fourth quarter. It also announced plans to expand into South Carolina.
January 22 -
Independent Bank in Rockland, Mass., reported higher quarterly profits, on lower expenses and revenue increases.
January 22




