M&A
M&A
-
The $5.2 billion-asset company intends to use the proceeds from its sale of subordinated notes for general purposes, it said in a press release Wednesday.
September 17 -
First Financial Bancorp in Cincinnati has added two directors from recent acquisitions in Columbus, Ohio.
September 16 - Florida
Capital Bank Financial shares a problem with other investor-backed companies built to make a lot of bank acquisitions: their stocks trade at low premiums because they are overcapitalized, but they are unable to deploy their capital in M&A deals because of those low stock values.
September 16 -
Wilcox Bancshares in Grand Rapids, Minn., has purchased Crow River State Bank in Delano, Minn.
September 15 -
Albina Community Bancorp is one of few lenders to recapitalize and sell its bank despite an overhang of trust-preferred debt at the parent company. Still, an investor is threatening to force involuntary bankruptcy a sign of just how tough it is for banks to escape the trust-preferred trap.
September 15 - South Carolina
CertusBank in Greenville, S.C., has agreed to sell its mortgage and wealth businesses as it tries to move past its history of high expenses and heavy losses.
September 15 -
FAIRHAVEN, Mass. SJB Federal Credit Union has merged into Southern Mass Credit Union in Fairhaven, Mass., creating an institution with approximately $207 million in assets.
September 15 -
Yield-seeking investors have fueled a niche bond business that is financing community banks, through the sale of higher-risk, subordinated debt. It is unclear whether the banks need all that capital.
September 15 - Texas
Pilgrim Bancorp. in Mount Pleasant, Texas, has agreed to buy North Central Texas Bancshares in Wichita Falls, Texas.
September 15 - PSO content
Compensation, long believed to be the top motivating factor in loan officers' choice of where to hang their licenses, was a runner-up to concerns about professionalism and quality, according to a new survey.
September 15 -
Ron Hermance, chairman and chief executive of Hudson City Bancorp in Paramus, N.J., has died.
September 12 -
National Bank of Commerce in Birmingham, Ala., has purchased a majority interest in CBI Holding Co.
September 12 -
City National Bank of New Jersey has agreed to sell deposits and loans associated with a branch on New York's Long Island to Bethpage Federal Credit Union.
September 11 -
Private-equity firms, as investor-driven organizations, have an obligation to consider cashing out when top-performing bank stocks are doing well, according to James Lockhart, vice chairman and W.L. Ross & Co.
September 11 -
Wilmington Trust Co., a unit of M&T Bank Corp. (MTB), agreed to pay $18.5 million to settle U.S. regulatory claims that the bank failed to report construction loans that weren't being repaid.
September 11 -
Brookline Bancorp in Boston plans to raise $75 million by issuing debt.
September 11 - PSO content
Auto loans are in the midst of a U.S. boom that is coming to "the end of the road," according to Pierre Lapointe, head of global strategy and research at Pavilion Global Markets.
September 11 - Ohio
First Citizens Banc in Sandusky, Ohio, has agreed to buy TCNB Financial in Dayton, Ohio.
September 11 -
Cape Bancorp in Cape May Courthouse, N.J., has agreed to buy Colonial Financial Services in Vineland, N.J.
September 11 -
First Business Financial Services in Madison, Wis., has appointed David Papritz as chief financial officer and senior vice president of corporate development.
September 10



