M&A
M&A
- Iowa
Peoples Bank of Indianola in Iowa has agreed to buy Pleasantville State Bank in Iowa.
June 10 - Maryland
The $1 billion-asset company disclosed in a regulatory filing Tuesday that it sold Tri-State General Insurance Agency to an unnamed buyer for $2.9 million.
June 10 - Virginia
Bank of America (BAC) has agreed to sell 17 branches in North Carolina and Virginia with a total of $944 million in deposits to First Community Bank in Bluefield, Va., and HomeTrust Bancshares (HTBI) in Asheville, N.C.
June 10 -
Eagle Bancorp (EGBN) in Bethesda, Md., has agreed to buy Virginia Heritage Bank (VGBK) in Tysons Corner, Va.
June 9 -
Signature Bank (SBNY) in New York plans to sell 2.1 million new shares of common stock.
June 9 -
National Bank of Commerce in Birmingham, Ala., is beefing up in Florida with a deal to buy United Group Banking Company of Florida in Longwood.
June 9 -
First Federal of Northern Michigan Bancorp's agreement to buy Alpena Banking is a lesson in persistence and keeping communication lines open.
June 9 -
A breakdown of M&A announcements in the financial services industry for the week ended May 31.
June 9 -
The multi-bank holding company has historically taken a hyperlocal approach in the suburbs with individually branded banks. As it moves deeper into the heart of Chicago, the company is unifying a dozen branches under its Wintrust brand.
June 9 -
Doral Financial's (DRL) dispute with the Puerto Rican government over a tax refund will be heard on an expedited basis by the territory's courts.
June 9 -
Wintrust Financial (WTFC) of Rosemont, Ill., is planning to raise capital by issuing subordinated debt.
June 9 -
Big banks can afford mega-settlements to solve their woes, but First Horizon National in Tennessee has to fix itself the old-fashioned way: slow cleaning up of its mortgage mess, opportunistic acquisitions, opening loans offices and, oh yes, begging investors for a few more years of patience.
June 6 -
The $9.7 billion-asset company said in a regulatory filing Wednesday that it could sell the stock from time to time through Credit Suisse Securities.
June 6 -
Sumitomo Mitsui Financial Group, Japan's second-biggest bank by market value, would be open to a purchase of BNP Paribas' U.S. unit BancWest amid a push for acquisitions abroad, Chairman Masayuki Oku said.
June 5 -
The $1.6-billion asset company, based in Asheville, N.C., is headed into Virginia for the first time after announcing plans Thursday to open a commercial loan production office in Roanoke.
June 5 -
The company claims in a lawsuit against the Puerto Rican government that the territory could lose "a major lender in the Puerto Rico housing market" if it is denied a $230 million tax refund.
June 5 -
Donald Shamey, president and chief executive at NexTier Bank in Butler, Pa. will retire in July after 40 years at the helm.
June 5 -
Fidelity Southern (LION) in Atlanta said Thursday that it is buying five branches and roughly $200 million of deposits from CenterState Bank of Florida (CSFL).
June 5 - South Carolina
BNC Bancorp (BNCN) in High Point, N.C., has agreed to buy Harbor Bank Group in Charleston, S.C.
June 5 -
The Armed Forces Benefit Association plans to sell its bank to local management. While insurers have been fleeing the industry due to regulation, the group says it is getting out because its membership's use of the bank is falling and it would rather use the capital to expand its life insurance business.
June 4