M&A
M&A
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The banking associations in Virginia and West Virginia have, for now, called off discussion about creating a single trade group.
October 7 -
Regulators consider bankers' timing needs when reviewing deals, but it certainly isn't their top concern, advisers say. H&R Block and BofI are learning that the hard way after being told that their bank deal will not be approved this year.
October 6 -
Bank of New York Mellon has agreed to buy the fixed-income firm Cutwater Asset Management from MBIA.
October 6 -
Capital One has acquired Adaptive Path, a well-respected web design firm, underscoring the bank's tech ambitions and the increasing importance of digital user experience in financial services.
October 6 -
Madison Bank of Maryland in Forest Hill plans to convert from a mutual thrift to a stock-owned institution. The thrift plans to raise about $24 million as part of its conversion, using the proceeds to fund lending and increase capital levels, according to a regulatory filing.
October 6 -
H&R Block, for the second time in a year, is finding it challenging to get out of banking.
October 6 -
The $7.8 billion-asset company disclosed in a regulatory filing Friday that it had sold performing mortgages with outstanding balances of roughly $193 million to First BanCorp, also in San Juan.
October 3 -
Valley Community Bank's biggest shareholder has gone public with his objection to the Pleasanton, Calif., bank's sale to FNB Bancorp in San Francisco.
October 3 -
BEO Bancorp in Heppner, Ore., has agreed to buy Bank Reale, in Pasco, Wash. A purchase price for the cash-and-stock deal was not disclosed. The transaction is expected to close in the first quarter.
October 3 -
National Australia Bank is looking to sell more than a quarter of its holdings in Great Western Bancorp as part of the Sioux Fall, S.D., company's planned initial public offering.
October 3 - Louisiana
The Louisiana company agreed to buy Florida Bank Group in a deal that will allow it to enter Jacksonville, Tallahassee and Tampa. It is the latest deal for a bank that has been an aggressive acquirer this year.
October 3 -
Southside Bancshares in Tyler, Texas, is getting out of subprime auto lending.
October 3 - Puerto Rico
The agency has been hounding the "significantly undercapitalized" bank to provide written capital restoration and contingency plans that would include ways Doral could be sold or liquidated.
October 2 - New Jersey
OceanFirst Financial in Toms River, N.J., has shed some nonperforming mortgages.
October 2 -
The $7.9 billion-asset company said in a press release Wednesday that Michael Blodnick plans to retire next year.
October 1 -
Community banks, by and large, appear well-prepared for capital standards that Basel II will phase in beginning in January. Still, concerns remain on how the requirements will shape cost structures and consolidation at smaller institutions.
October 1 -
First Farmers Financial in Converse, Ind., has agreed to buy three community banks in Illinois.
October 1 -
Xenith Bankshares in Richmond, Va., has brought in nearly $18 million in funding through a private placement and a new loan.
October 1 -
Doral Financial in San Juan, Puerto Rico, has sold more loans in a move that will deplete capital but bolster the company's liquidity.
October 1 -
A former employee wants the company to look at a merger of equals or selling its wealth management operations to increase shareholder value. Management, meanwhile, wants to grow in a way that diversifies income and reduces risk.
September 30


