M&A
M&A
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Solera National Bancorp's annual meeting is quickly shaping up to be a free-for-all.
March 25 -
A recent survey shows that two-third of mutual savings banks have considered mergers and that 40% give it even odds that they will participate in consolidation in the next five years.
March 25 -
Simmons First (SFNC) in Pine Bluff, Ark., has agreed to buy Delta Trust & Banking in Little Rock, Ark.
March 24 -
A breakdown of M&A announcements in the financial services industry for the week ended March 22.
March 24 - New York
Acquisition rumors about Royal Bank of Scotland's U.S. operations are swirling again.
March 24 -
Solera National Bancorp (SLRK) is being challenged by a former director who wants to wrest control of the Lakewood, Colo., company's board.
March 24 - Virginia
Xenith Bankshares (XBXS) had been eager to enter the bustling Hampton Roads area. It plans to use Colonial Virginia, located close to the region, to make a beachhead.
March 24 -
With so many willing buyers and sellers, why isn't there more bank M&A?
March 24 -
Our 2013 roundup of dealmakers on whole bank and branch sales by region.
March 24 -
Bill Cooper could step down as the Minnesota company's chief executive sometime next year, and two insiders appear to be the early favorites to replace him.
March 21 - New York
Moody's Investors Service has downgraded its credit rating on First Niagara Financial Group (FNFG), citing concerns about the Buffalo banking company's asset quality, profitability and capital levels.
March 21 -
Xenith Bankshares (XBKS) in Richmond, Va., has agreed to buy Colonial Virginia Bank in Gloucester, Va.
March 21 -
Think M&A in Illinois is out of gas? Call AAA. Auto Club Group, one of the many AAA clubs across the country, has agreed to buy the $465 million-asset National Bancorp in Sycamore, Ill.
March 20 -
Big Blue is trying to combine the products of several security-tech companies it has bought in recent years into a fraud detection system that compliance-minded banks want to buy. The challenges facing the vendor and its clients overlap considerably.
March 20 - Indiana
CITBA Financial (CBAF) in Mooresville, Ind., has terminated its proposed merger with Merchants Bancorp in Carmel. CITBA said Wednesday that it decided to terminate the deal because of delays obtaining regulatory approval.
March 19 -
Regulators are laser-focused on compliance, particularly when reviewing merger applications. Associated, recently freed from an enforcement action, could use its clean bill of health to woo sellers.
March 19 -
Timothy Mullen, the company's former chief investment officer, wants management to informally evaluate the "best avenue to enhance long-term shareholder value," including any benefits from finding a buyer.
March 19 -
Benjamin Lawsky, the head of New York's Department of Financial Services, on Wednesday called for regulators to hold individuals responsible for recent industry scandals. He also warned that his agency may ban some banks from certain businesses over money-laundering violations.
March 19 -
Bank of America Corp. is cutting jobs today across co-Chief Operating Officer Thomas Montag's global trading and investment banking divisions, according to three people with direct knowledge of the decision.
March 19 - Kentucky
Poage Bankshares (PBSK) in Ashland, Ky., has completed an acquisition that incensed one of its biggest investors.
March 19



