M&A
M&A
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Rockville Financial (RCKB) in Glastonbury, Conn., and United Financial Bancorp (UBNK) in West Springfield, Mass., have secured four of the five regulatory approvals needed to complete their high-profile merger.
March 19 -
Salisbury Bancorp (SAL) in Lakeville, Conn., has agreed to buy Riverside Bank in Poughkeepsie, N.Y.
March 19 -
Post-crisis structural changes will trigger a wave of community bank M&A, creating new regional bank powerhouses. Investors will pressure management to acquire, sell or return capital through dividends or repurchases. There will be no runners-up in the coming consolidation.
March 19 - Wisconsin
Associated Banc-Corp (ASBC) in Green Bay, Wis., seems poised to make acquisitions.
March 19 -
Westfield Bancorp in Westfield Center, Ohio, has agreed to buy Valley Savings Bank in Cuyahoga Falls, Ohio. The deal will give Westfield two additional branches and boost its assets to nearly $1 billion.
March 18 -
There is a lot of work to be done behind the scenes before Citizens can become independent of Royal Bank of Scotland, including the establishment of new technological, administrative and financial reporting systems, CEO Bruce Van Saun says.
March 18 -
A breakdown of M&A announcements in the financial services industry for the week ended March 15.
March 18 -
Talmer Bancorp (TLMR) in Troy, Mich., could enjoy a bigger-than-expected benefit from its purchase of Michigan Commerce Bank.
March 18 - South Dakota
Once thought of as cheap capital, Tarp is getting more expensive as the dividend rate jumps from 5% to 9%. Banks that are still in the program could see the increase as one more force pushing them to consider their options.
March 17 -
Square 1 Financial in Durham, N.C., is planning to hit the road to promote its planned initial public offering.
March 17 -
CBFH in Orange, Texas, has agreed to purchase MC Bancshares in Houston.
March 17 -
RBS Citizens Financial Group has appointed Ellen Taylor as executive vice president and head of investor relations, where she will oversee the Providence, R.I., company's preparations to become a public company later this year.
March 17 -
Virginia National Bankshares (VABK) in Charlottesville, Va., is facing pressure from an activist investor to consider selling itself.
March 17 -
Investors Bancorp (ISBC) in Short Hills, N.J., could raise more than $2.6 billion as part of a highly anticipated second-step conversion.
March 17 -
Black Knight Financial Services is seeking a buyer for PCLender, one of its three loan origination systems, three years after acquiring it.
March 14 -
American Banker on Friday received the 2014 Jesse Neal Award for Best Website from the Association of Business Information and Media Companies.
March 14 -
Ares Commercial Real Estate Corporation (ACRE) has received $50 million in new funding that it says it will use to increase its lending.
March 14 - Louisiana
Analysts Joseph Fenech and Kevin Fitzsimmons have resigned from the research department at Sandler O'Neill.
March 14 -
Thomas Lee, the JPMorgan Chase chief equity strategist who has called for gains in American stocks for six straight years and got them in four, is leaving the firm.
March 14 -
You might expect Manolo Sanchez, the CEO of BBVA Compass, to renounce traditional branches since his bank is spending $117 million on the online-only startup Simple. But he joined other senior bank executives in defending the branch as "still relevant."
March 14


