M&A
M&A
- North Carolina
HomeTrust Bank faced a legal challenge from HomeTown Bank after it entered southwestern Virginia. The now-resolved dispute serves as a reminder that banks must be aware of branding challenges when they enter new markets.
August 20 -
Southern Bancorp in Arkadelphia, Ark., has agreed to buy the Bank of Bolivar County in Shelby, Miss.
August 20 -
A former Eastern Bank executive has been charged with insider trading in connection with the Boston bank's 2010 purchase of Wainwright Bank & Trust.
August 19 -
Investors will remain reluctant to take on the personal risk inherent in establishing de novo community banks as long as new regulations remain unwieldy and returns stay low, according to Richard Magrann-Wells.
August 19 - PSO content
Bankers and industry representatives are taking serious issue with a Consumer Financial Protection Bureau alert that calls into question the transparency of contracts between colleges and financial institutions that offer student products.
August 19 -
Four Oaks Fincorp in Four Oaks, N.C., has raised $24 million through a rights offering.
August 18 -
An investor has filed a lawsuit to block the merger deal between the two First Citizens banks in the Carolinas, which are controlled by the Holding family. The case could turn on whether the directors on the special committees that reviewed the deal were truly independent of the Holdings.
August 15 -
The Providence, R.I., company is set to be spun off from its foreign parent, and executives are embracing the opportunity to simplify their products, expand lending and overhaul their customer experience.
August 15 - Oregon
Costs associated with its recent acquisition pushed Cascade Bancorp, in Bend, Ore., into the red in the second quarter.
August 15 -
Sun Bancorp in Mount Laurel, N.J., plans to raise approximately $20 million to fund its recent restructuring.
August 15 -
Beneficial Mutual Bancorp in Philadelphia, which dates back to 1853, is the latest old-school mutual thrift to announce plans for a second-step conversion to a fully public stockholder company.
August 14 -
C1 Financial, a $1.4 billion-asset company in St. Petersburg, Fla., raised $45 million today from its initial public offering.
August 14 -
Clayton Deutsch has spent the last several years streamlining Boston Private's past acquisitions in an effort to improve the company's profitability. With most of the cuts in place, the company is now eyeing acquisitions like the one it announced last month for Banyan Partners, a Florida investment adviser.
August 14 -
CenterState Banks in Davenport, Fla., plans to close additional branches from a recent acquisition.
August 14 -
First Citizens BancShares in Raleigh, N.C., has appointed Blake Coules chief risk officer.
August 14 -
Investment banker Jason R. Hach has joined Sandler ONeill following four years at its archrival Keefe, Bruyette & Woods.
August 13 -
The bank M&A world can be challenging for private-equity vehicles because they trade lower than some of the more aggressive traditional buyers. Talmer Bancorp in Troy, Mich., announced a cash deal last week that pushed its stock up more than 5%, perhaps helping its hand in future stock deals.
August 12 -
Centrue Financial in Ottawa, Ill., said Monday that it has agreed to sell $75 million of its common stock to the New York private-equity group Capital Z Partners.
August 12 -
Higher capital requirements, sluggish GDP growth and antiquated cost structures are stymying banks efforts to boost returns to investors. This will likely lead to a boom in mergers and acquisitions over the next decade, writes Richard J. Parsons.
August 12 - PSO content
Wells Fargo & Co. is marketing two pools of troubled mortgage debt estimated at $1.3 billion, including mostly reperforming loans as well as nonperforming loans, according to two people with knowledge of the offering.
August 12


