M&A
M&A
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New York banking regulator Benjamin Lawsky's latest crackdown on Ocwen Financial may undo Ocwen's deal to buy billions of dollars of mortgage-servicing rights from Wells Fargo, and it could complicate similar deals involving other banks and servicers.
October 22 -
First Midwest Bancorp in Itasca, Ill., reported a significant decline in quarterly earnings on costs tied to two acquisitions.
October 22 -
PacWest Bancorp in Los Angeles reported higher quarterly earnings, driven by asset gains from a recent acquisition.
October 22 -
F.N.B. Corp., in Hermitage, Pa., reported higher quarterly earnings that reflected several recent acquisitions.
October 22 -
New York Community Bancorp may have put the brakes on overall balance sheet growth, but its commercial and industrial lending operation in Boston is thriving.
October 22 -
Presidio Bank in San Francisco has raised $9.5 million through a private placement.
October 22 -
Hudson City Bancorp in Paramus, N.J., reported lower quarterly profit as its balance sheet continues to shrink.
October 22 -
Pacific Premier Bancorp in Irvine, Calif., has agreed to buy Independence Bank in Newport Beach, Calif.
October 22 -
First Horizon National in Memphis, Tenn., has agreed to buy TrustAtlantic Financial in Raleigh, N.C.
October 22 -
A breakdown of M&A announcements in the financial services industry for the week ended Oct. 18.
October 21 -
CNB Financial reported higher quarter earnings after buying FC Bancorp in Ohio. The $2.2 billion-asset company reported an 18% increase in third-quarter earnings from a year earlier, to $5.5 million.
October 21 -
The $2.9 billion-asset company's third-quarter earnings more than tripled from the second quarter, which included upfront merger-related expenses, and rose 72% from a year earlier, to $5.9 million.
October 21 - Mississippi
The Mississippi company withdrew two merger applications in August after the FDIC targeted its Bank Secrecy Act compliance. Management says it has made significant progress and is looking forward to a follow-up exam early next year.
October 21 -
Wilshire Bancorp in Los Angeles reported higher quarterly profit that was boosted by recent acquisitions.
October 21 - Alabama
ServisFirst Bancshares in Birmingham, Ala., has agreed to buy Metro Bancshares in Atlanta.
October 20 -
BNC Bancorp in High Point, N.C., increased profits by nearly two-thirds thanks to higher net interest income and other factors.
October 20 -
PL Capital, upset that Metro Bancorp refuses to sell itself, has launched a proxy battle to gain two board seats at the Harrisburg, Pa., company.
October 20 -
The $1.5 billion-asset company disclosed in a regulatory filing Monday that Kathryn Pemble had become its Florida market president.
October 20 - Washington
Riverview Bancorp in Vancouver, Wash., is facing pressure from a large investor to sell itself.
October 20 -
Bank of Marin Bancorp in Novato, Calif., reported a significant increase in quarterly profit following an acquisition and organic growth.
October 20


