M&A
M&A
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Mercantile Bank in Grand Rapids, Mich., reported a significant decline in earnings that was largely tied to merger-related costs.
July 22 -
John Thain had a clear answer for every question analysts posed about CIT's deal for OneWest. His takes on SIFI regulations, the mortgage business and retail banking challenge the conventional wisdom of many bankers.
July 22 -
Colony Financial in Santa Monica, Calif., plans to raise up to $382 million by selling common stock.
July 22 -
PacWest Bancorp in Los Angeles reported higher quarterly earnings aided by its acquisition of CapitalSource.
July 22 -
Aided by gains in fee income, lower expenses and double-digit commercial loan growth, FirstMerit in Akron, Ohio, reported a profit of $59.5 million in the second quarter, up nearly 23% from the same period in last year.
July 22 - Indiana
First Merchants in Muncie, Ind., has agreed to buy Community Bancshares in Noblesville, Ind.
July 22 -
Wilshire Bancorp (WIBC) in Los Angeles reported an increase in quarterly profit tied largely to recent acquisitions.
July 22 - New York
Astoria Financial in Lake Success, N.Y., has agreed to sell certain nonperforming loans to Credit Suisse at a nearly $9 million loss.
July 22 -
CIT Group, the commercial lender led by John A. Thain, agreed to buy OneWest Bank parent IMB Holdco for $3.4 billion, attaching a regional bank to a national loan platform in an effort to boost profit.
July 22 -
BancorpSouth has delayed the closing of two bank acquisitions after regulators took issue with the Tupelo, Miss., company's compliance programs.
July 22 -
Cardtronics Inc. (CATM) is set to buy Welch ATM for $160 million, expanding the ATM provider with an additional 26,000 kiosks.
July 21 - Georgia
Regulators on Friday closed Eastside Commercial Bank in Conyers, Ga., the 13th institution to fail this year.
July 18 - Michigan
Mackinac Financial (MFNC) in Manistique, Mich., has agreed to buy Peninsula Financial in Ishpeming, Mich.
July 18 -
Synchrony Financial, the consumer- credit business being spun off by General Electric Co., is seeking a market value of as much as $22 billion in what may be the biggest U.S. initial public offering this year.
July 18 -
A community group has succeeded in forcing additional scrutiny of Banc of California's (BANC) expansion plans.
July 18 -
Bank of New York Mellon Corp., under pressure from activist Nelson Peltz to lift its share price, said second-quarter net income declined as the world's largest custody bank eliminated jobs to cut costs.
July 18 - California
Sierra Bancorp (BSRR) in Porterville, Calif., has agreed to buy Santa Clara Valley Bank (SCVE) in Santa Paula, Calif.
July 17 -
Home BancShares (HOMB) in Conway, Ark., got a big boost last quarter from a recent acquisition.
July 17 -
Aided by gains from a recent acquisition, Simmons First National (SFN) in Pine Bluff, Ark., reported a $9.9 million profit in the second quarter, a 51% increase from the same period last year.
July 17 -
First National Bank of Southern California in Riverside and First Mountain Bank (FMBP) in Big Bear Lake, Calif., have terminated their planned merger.
July 17


