M&A
M&A
- Florida
The Seminole Tribe of Florida has agreed to buy Mackinac Savings Bank in Boynton Beach, Fla.
September 30 -
Bob Beauprez, a former community banker and Republican congressman, is challenging incumbent John Hickenlooper in Colorado's gubernatorial race. A pro-Hickenlooper group has released ads attacking Beauprez's banking ties, including the sale of his bank to First Community Bank in Taos, N.M. That bank failed in 2011.
September 30 - Pennsylvania
PNC Financial Services in Pittsburgh has agreed to buy Solebury Capital Group.
September 30 -
EBay, the world's biggest online marketplace, said it would split off its payments arm PayPal, finally bowing to pressure from activist shareholder Carl Icahn after nine months.
September 30 -
The $3.2 billion-asset HomeStreet will pay $128 million in stock for the $870 million-asset Simplicity, the companies said in a press release Monday.
September 29 - PSO content
A new proposal from the Pentagon on high-cost lending would affect a wide swath of the consumer finance industry, including not only payday lenders but also banks and credit unions.
September 29 -
The U.K. Financial Conduct Authority isn't planning individual fines on foreign-exchange traders as the regulator nears settlements with the banks they work for, said two people with knowledge of the discussions.
September 26 -
Hudson City Bancorp in Paramus, N.J., has sold $112.1 million in delinquent, FHA-backed mortgages.
September 26 - Illinois
First Busey in Champaign, Ill., has agreed to buy Herget Financial in Pekin, Ill.
September 26 - New York
Putnam County Savings Bank in Brewster, N.Y., has agreed to buy CMS Bancorp in White Plains, N.Y.
September 25 - Texas
The private equity firm of Texas billionaire Gerald J. Ford, is planning a tender offer for up to 65% of Mechanics Bank in Walnut Creek, Calif. If completed, the deal would be the first deployment of the $755 million that Ford's fund raised last year.
September 25 -
WASHINGTON The Federal Home Loan banks of Seattle and Des Moines announced Thursday that their boards have unanimously approved a definitive agreement to merge.
September 25 -
First Citizens BancShares in Raleigh, N.C., will add three directors after it completes its acquisition of First Citizens Bancorp. in Columbia, S.C.
September 24 -
Citizens Financial Group, which held an initial public offering Wednesday, will hire 350 mortgage officers and soon announce a new treasury services head, the bank's chief executive told American Banker.
September 24 -
Sunflower Financial is adding loans and growing in Denver. First Western Financial has tepid loan growth, but its prowess in private banking is enviable. Casual talks between their CEOs led them to the realization they could build on each others strengths.
September 24 -
Acquisition-hungry banks and mortgage companies need to apply the same level of scrutiny to cultural fit as they do to a firm's financial statements and balance sheets.
September 24 -
Webster Financial in Waterbury, Conn., has agreed to buy JPMorgan Chase's health savings account business.
September 23 -
The $578 million-asset company said in a press release Tuesday that it had hired Anthony Weagley as its president and CEO. He will have the same roles at Malverns bank.
September 23 -
Sunflower Financial in Salina, Kan., is poised to strengthen its presence in Denver.
September 23 -
The Circuit Court for Baltimore City has dismissed a class-action lawsuit brought against FedFirst Financial in Monessen, Pa., related to its agreement to sell.
September 23


