M&A
M&A
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First Horizon National (FHN) in Memphis, Tenn., has agreed to buy 13 branches from Bank of America (BAC).
May 28 -
A unit of Sun Trust Banks (STI) has opened a corporate and investment banking office in Boston.
May 27 -
Poage Bankshares (PBSK) has fended off a proxy challenge from activist investor Joseph Stilwell.
May 27 -
Solera National in Colorado went through a messy proxy fight with its biggest shareholder. The contest prompted the company's OCC examiner to ask for an invitation to the meeting.
May 27 -
A breakdown of M&A announcements in the financial services industry for the week ended May 24.
May 27 -
Royal Bank of Scotland's mission to sell its U.S. banking arm Citizens Financial Group to outside investors just got a major boost.
May 27 -
Intuit Inc. has entered an agreement to buy Check for $360 million, adding payment capabilities to its online and mobile personal financial management (PFM) offerings.
May 27 -
Several banks have thrived on failed-bank acquisitions since the financial crisis. Here are the most active shoppers, in terms of the number of failures they have bid on, based on data from SNL Financial.
May 27 -
The Ohio Division of Financial Institutions closed Columbia Savings Bank in Cincinnati on Friday.
May 23 -
Niche banks face a challenge when they consider acquisitions: they want to grow without undermining their specialized business models. First Business in Madison, Wis., worked around the problem by searching far and wide till it found a very similar bank in Kansas that wanted to sell.
May 23 -
Community banks that are looking to complete acquisitions are deciding to go public so they have a stronger currency to offer potential sellers. However, recent IPOs have not performed as well as earlier ones.
May 23 -
FNB Bancorp (FNBG) in South San Francisco is expanding into the East Bay with a deal to acquire Valley Community Bank in Pleasanton.
May 23 -
First Business Financial Services (FBIZ) of Madison, Wis., said Friday that it is acquiring the parent company of Alterra Bank in Leawood, Kan., for roughly $30.1 million in cash and stock.
May 23 -
The dramatic headwinds of the Affordable Care Act will result in increasing defaults and bankruptcy for many healthcare operators. Lenders should start evaluating risk in their healthcare portfolios now.
May 23 -
Bank buyers and sellers should pay attention to the Fed's recent approval of Cullen/Frost's acquisition of WNB Bancshares. Cullen/Frost had to agree to improve its fair-lending and other functions, underscoring the importance of buyers who work well in resolving compliance and other problems with regulators.
May 21 -
Eight community banks have transferred their shares to a new trading platform operated by OTC Markets Group in a bid to increase visibility for their stocks.
May 21 -
Bank of New York Mellon Corp., the worlds largest custody bank, said today it will take an $80 million to $100 million severance charge in the second quarter for unspecified cuts to its workforce.
May 20 -
The Puerto Rican company is looking to shore up its capital levels after the FDIC invalidated about 40% of its Tier 1 capital. Management will have plenty of challenges as it looks to fill the capital hole.
May 20 -
Meridian Bancorp (EBSB), the newly formed bank holding company for East Boston Savings Bank, could raise at least $233 million and as much as $364 million in its upcoming public offering.
May 20 -
A breakdown of M&A announcements in the financial services industry for the week ended May 17.
May 20




