M&A
M&A
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Opus Global, a $500 million fund started last fall to roll up financial technology businesses, has made its first acquisition, a risk and compliance software firm that serves banks.
July 8 -
MVB Financial (MVBF) in Fairmont, W.Va., has raised more than $37 million by issuing subordinated debt and selling preferred stock.
July 8 -
Sun Bancorp (SNBC) in Mount Laurel, N.J., has provided more details on its sweeping restructuring initiative.
July 8 - Illinois
First Midwest Bancorp (FMBI) in Itasca, Ill., has agreed to buy Great Lakes Financial Resources (GLFL) in Chicago.
July 8 - Wisconsin
American Bank in Fond du Lac, Wis., has agreed to buy InvestorsBank in Waukesha, Wis. American Bank, a unit of NEB Corp., will have more than $450 million in assets when the merger is completed.
July 7 -
Steele Street Bank & Trust decided to find a buyer when CEO Bob Malone realized the bank lacked the size to adequately court business in the Mile High City.
July 7 -
Banc of California (BANC) in Irvine says it booked more than $1.4 billion in loans during the second quarter.
July 7 -
GNB Financial Services in Gratz, Pa., has agreed to buy FNBM Financial in Minersville, Pa.
July 7 -
TFS Financial announced dividend plans recently that have many wondering whether it is headed toward a second-step conversion in the near future. The speculation makes sense, but the Cleveland company would face some obstacles.
July 3 -
As interest rates rise and loans become more likely to stay on the books, more banks may show up on the buy side of the market for mortgage servicing rights
July 3 -
UMB Financial (UMBF) in Kansas City, Mo., will settle a dispute over an asset purchase agreement.
July 3 -
Sun Bancorp (SNBC) in Mount Laurel, N.J., will eliminate nearly 40% of its work force as part of a major cost-cutting effort.
July 3 - PSO content
WASHINGTON The Consumer Financial Protection Bureau's watchdog is estimating a total price tag of nearly $216 million for the bureau's renovation of its headquarters.
July 3 -
Franklin Synergy Bank in Franklin, Tenn., is taking a look at going public.
July 2 -
MutualBank (MFSF) in Muncie Ind., has agreed to buy Summit Mortgage in Fort Wayne, Ind.
July 2 - Tennessee
Complete Financial Solutions, a mortgage and financial services company in Spokane, Wash., has agreed to buy American Patriot Bank in Greenville, Tenn.
July 2 -
Frank Sorrentino will attempt to integrate the systems at Center Bancorp a mere three weeks after the company merged with ConnectOne. The key is tremendous up-front planning and having a crisis team at the ready, he says.
July 2 -
Associated Banc-Corp (ASBC) has acquired $100 million in credit card receivables tied to the Green Bay, Wis., company's customers.
July 2 -
QCR Holdings (QCRH) in Moline, Ill., has exited the Small Business Lending Fund.
July 1 - Ohio
United Bancshares (UBOH) in Columbus Grove, Ohio, has agreed to buy Ohio State Bank in Marion.
July 1



