M&A
M&A
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United Financial Bancorp in Glastonbury, Conn., is planning to close five branches and lay off the employees who work in them.
December 29 -
FNBK Holdings in Dallas has agreed to acquire the First National Bank of Kemp in Texas.
December 29 -
Valley National in Wayne, N.J., will use proceeds from a branch sale in New York City to offset costs tied to prepaying debt.
December 29 -
Michael Scudder stands to get a full year of benefits from three recently completed deals. The big question, however, is whether First Midwest will pursue a transformative deal to cross over $10 billion in assets and offset a heightened regulatory burden.
December 29 -
LCNB Corp. in Lebanon, Ohio, has agreed to buy BNB Bancorp in Brookville, Ohio.
December 29 -
Jack Kopnisky of Sterling Bancorp in New York, which completed a major acquisition last year and has another in the works, is close to reaching his goal of creating a top earner. That effort, and the risks associated with it, make Kopnisky one of American Bankers five community bankers to watch in 2015.
December 26 - Massachusetts
On at least three occasions, Michael Daly flexed his bargaining muscles in discussions with Hampden Bancorp. His tenacity led to a privately negotiated deal, a reduced exchange ratio and an amended employment agreement with Hampden's chief lending officer.
December 24 -
A judge has named Deerwood Bank winner of the bankruptcy auction for American Bank of St. Paul, in the first test of involuntary bankruptcy as a means of resolving trust-preferred debt.
December 24 -
John Poelker joined a bank in crisis when he agreed to lead Certus in April. His efforts to turn around a crisis-riddled South Carolina company make him one of American Banker's 2015 community bankers to watch.
December 24 -
Andrew Samuel left Susquehanna Bancshares, where he was in line to become CEO, to run the tiny Sunshine Bancorp in Florida. While Susquehanna recently agreed to sell itself to BB&T, Samuel has been working furiously to hire and expand at his new employer.
December 24 - Mississippi
Dan Rollins' ability to have a BSA-related consent order removed and get two acquisitions back on track could embolden more big community banks to pursue deals next year.
December 23 -
A federal bankruptcy court has approved the sale of PNA Bank in Chicago.
December 23 -
Fairmount Bancorp in Baltimore seems poised to face a proxy battle next year from activist investor Joseph Stilwell.
December 23 -
As the real estate market ramps back up, lenders are looking for ways to diversify their portfolios, even if the returns are slim.
December 23 -
BofI Holding in San Diego has agreed to buy $125 million in deposit accounts from a unit of First Marblehead.
December 23 - Kentucky
Citizens National in Paintsville, Ky., has acquired Peoples Security Bancorp in Louisa, Ky.
December 23 -
Deals and departures were common trends among bankers we highlighted as worth watching in 2014. In fact, only a few bankers managed to avoid major headlines in the past year.
December 22 -
WASHINGTON The Federal Housing Finance Agency said Monday it has approved the merger of the Federal Home Loan banks of Des Moines and Seattle, giving approval to the first voluntary combination in the history of the system.
December 22 -
A breakdown of M&A announcements in the financial services industry for the week ended Dec. 20.
December 22 -
First Guaranty Bancshares had hoped to raise more than $60 million but a dip in oil prices spooked potential investors even though just 3% of the bank's loans involve energy companies.
December 22


