M&A
M&A
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Fifth Third Bancorp in Cincinnati plans to remain in the business of providing mezzanine finance, even though a rival investment management company has hired four of its lenders.
October 30 -
Park Sterling in Charlotte, N.C. reported lower quarterly earnings as integration costs for a recent acquisition overshadowed solid loan growth.
October 30 - Florida
The Florida company's business plan relies heavily on consolidation, but management hasn't announced a deal in more than two years. CEO Gene Taylor recently told analysts that M&A remains a focus, but the company will no longer discuss the topic until it has something to announce.
October 30 -
Pacific Commerce Bank in Los Angeles has agreed to buy Vibra Bank in Chula Vista, Calif.
October 30 -
Expect more regional banks to pursue deals that put them over the $50 billion-asset threshold in an effort to reap the benefits of implicit government subsidies.
October 30 -
Valley National Bancorp in Wayne, N.J., reported higher earnings driven by loan growth, lower costs and improvements in credit quality.
October 30 - Pennsylvania
S&T Bancorp in Indiana, Pa., has agreed to buy Integrity Bancshares in Camp Hill, Pa.
October 30 - Pennsylvania
WesBanco in Wheeling, W.Va., has agreed to buy ESB Financial in Ellwood City, Pa.
October 29 -
Hanmi Bank in Los Angeles has hired executives to expand its customer base in Texas and Illinois.
October 29 -
At least 10 large banks, including Bank of America, Citigroup and Wells Fargo, have raised more than $18 billion in programmatic capital since early last week. Tier 1 shortfalls, the end of earnings season and heightened market demand for bank issuances are among the reasons for the transactions.
October 29 -
Cullen/Frost Bankers in San Antonio reported increased quarterly earnings that reflected a significant reduction in credit costs.
October 29 -
BB&T has opened an office of its capital markets unit in New York to service corporate and institutional customers in the Northeast.
October 29 -
Prosperity Bancshares in Houston surpassed Wall Street estimates for the third quarter, fueled by two recent acquisitions.
October 29 -
Sterling Bancorp in Montebello, N.Y., realized a big efficiency gain after a major acquisition.
October 29 -
The Rhode Island company had barely opened the doors of its Fairfield County mortgage office when management started getting pushed about making a bigger splash. For now, CEO Joseph MarcAurele seems content to keep one toe in the water.
October 29 -
A breakdown of M&A announcements in the financial services industry for the week ended Oct. 25.
October 28 -
The $44 billion-asset specialty lender viewed its pending purchase of OneWest Bank as its way to get significantly over the $50 billion threshold for systemically important financial institutions. But CIT CEO John Thain is all for a proposal that would raise the SIFI bar higher.
October 28 -
FirstMerit in Akron, Ohio, reported higher quarterly profit that met Wall Street expectations despite margin pressure.
October 28 -
South State Corp. in Columbia, S.C., struggled to increase earnings but held expenses in check after a major acquisition.
October 28 -
Cheviot Financial in Cincinnati has agreed to add a director recommended by activist investor Seidman Group.
October 28



