M&A
M&A
- 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 -
Local bankers will try to pick up any business that could fall out as a result of the merger. And with one less bank to buy in Southern California, remaining franchises also may command scarcity value.
January 22 -
PacWest Bancorp in Los Angeles reported an increase in fourth-quarter profit, the second full quarter after its April acquisition of CapitalSource Bank, a commercial lender that targeted small and medium-sized businesses.
January 22 -
Royal Bank of Canada sold its U.S. retail bank a few years ago to PNC. The company is back with a targeted play: City National, a Los Angeles bank that has built its business targeting the rich and working with Hollywood.
January 22 -
Opus Bank in Irvine, Calif., has agreed to buy a pair of nonbanking businesses.
January 22 -
BB&T plans to add more than $20 billion in assets this year through three pending acquisitions. Management, which believes it should have no problem getting its deals approved, has started to improve how it monitors its liquidity capital ratio before new thresholds kick in.
January 22 - California
Royal Bank of Canada is ready to take another shot at U.S. banking, agreeing to buy City National in Los Angeles.
January 22 -
The $794 million-asset Kentucky Bancshares will pay $7.2 million, or $32.50 a share, in stock for the $121 million-asset Madison.
January 21 -
M&T Bank in Buffalo, N.Y., has agreed to sell a trade processing business to Broadridge Financial Solutions in Lake Success, N.Y.
January 21 -
A breakdown of M&A announcements in the financial services industry for the week ended Jan. 17.
January 21 - New York
Cathay General Bancorp in Los Angeles has agreed to buy Asia Bancshares in New York.
January 21


