M&A
M&A
-
Bank of the Ozarks in Little Rock, Ark., reported a rise in third-quarter profits as net interest income reached a record high and provisions for bad loans fell.
October 15 -
MetaBank in Souix Falls, S.D., has agreed to buy the operations of AFS/IBEX Financial Services, an insurance premium finance company in Dallas.
October 14 - Kentucky
BB&T was not the first choice for Bank of Kentucky when it negotiating to sell itself. But when two preferred suitors failed to provide revised draft terms to Bank of Kentucky by an Aug. 11 deadline, it opened a window for BB&T.
October 14 - Texas
County and Municipal Employees Credit Union in Edinburg, Texas, has been liquidated by the Texas Credit Union Department.
October 14 - Wisconsin
Wintrust Financial in Rosemont, Ill., has agreed to buy Delavan Bancshares in Wisconsin.
October 14 -
The Federal Deposit Insurance Corp. has reached a settlement with former executives at the failed LandMark Bank of Florida.
October 10 -
The third quarter had fewer deals compared to the second quarter, but three fundamental attributes of normalized M&A appeared: bigger players, shorter regulatory approvals times and interest from more buyers.
October 10 - PSO content
A Citigroup subsidiary has agreed to refund nearly $16 million to 31,234 customers who were said to have been charged higher investment advisory fees than promised.
October 10 -
First Commonwealth Financial in Indiana, Pa., has acquired Thompson/McLay Insurance Associates.
October 10 -
Complete Financial Solutions in Spokane, Wash., has agreed to buy Northern Star Financial in Mankato, Minn.
October 10 -
Kyle Waters and Andy Bower announced the creation of Loan Evaluation Services this week. The firm will provide independent loan portfolio reviews for community and regional banks that are planning to make acquisitions or have a need for third-party loan portfolio reviews.
October 9 -
The Federal Reserve Board has published an 11-page guide for banks looking to acquire large rivals.
October 9 -
Veritex Holdings in Dallas could sell up to $40.4 million of its common stock as part of its initial public offering.
October 9 - North Carolina
NewBridge Bancorp in Greensboro, N.C., has agreed to buy Premier Commercial Bank in Greensboro.
October 9 -
UBS AG is tightening its rules on how employees can trade securities for personal accounts, telling staffers it wants to prevent potential abuses.
October 9 -
Heritage Commerce in San Jose, Calif., has agreed to buy the parent company of factoring firm Bay View Funding in Santa Clara, Calif.
October 9 - Texas
Prosperity thought it had its bases covered, adding a clause in an employment agreement with lenders at an acquired bank in Oklahoma establishing Texas law as the jurisdiction for the contract. A judge disagreed in a decision that should get the attention of banks eyeing out-of-state deals.
October 8 - Georgia
Heritage Financial Group in Albany, Ga., has agreed to buy a branch in a northeast Atlanta suburb from PrivateBancorp.
October 8 -
OneMain Financial, Citigroup's consumer-lending arm, filed for a $50 million initial public offering in the U.S.
October 8 -
MBIA, the municipal bond insurance giant, suffered a major customer data breach that exposed customer data of an asset-management subsidiary that Bank of New York Mellon has agreed to buy.
October 7



