M&A
M&A
-
The Ohio company expects to receive an additional $46 million from loans it had marked impaired when it bought Citizens Republic. Management also expects more cost cutting than it originally projected.
February 6 -
Crossline Capital in Lake Forest, Calif., has acquired Medallion Mortgage Co. in Agoura Hills for an undisclosed price.
February 5 -
A little-known dissident investor wants the company to sell. Another shareholder is comfortable giving management them more time to become profitable. A key issue involves the company's deferred-tax asset.
February 5 -
Cascade Bancorp (CACB) in Bend, Ore., reported lower quarterly profits as merger costs drove up noninterest expenses.
February 5 -
Add PrivateBancorp to the list of financial institutions that have managed to grow commercial loans organically and are eyeing acquisitions that would improve liquidity in a rising-rate environment.
February 4 -
Anchor Bancorp (ANCB) in Lacey, Wash., is facing pressure from an activist investor to sell itself.
February 4 -
A breakdown of M&A announcements in the financial services industry for the week ended Feb. 1.
February 4 -
Simmons First (SFNC) in Pine Bluff, Ark., is reportedly in talks to buy Delta Trust & Banking in Little Rock, Ark.
February 4 - PSO content
The Camino Real Regional Mobility Authority (CRRMA) in Texas will be working with ACE Cash Express to collect tolls for the newly opened César Chávez Border Highway toll road.
February 4 -
There were a lot of deals last month involving larger community banks, and prices rose nearly 60% from a year earlier. The results will only feed more of those kinds of transactions.
February 3 - PSO content
Intrum Justitia AB acquired Profidebt s.r.o., a market leader in purchased debt in the Czech Republic, for approximately $41.9 million.
February 3 -
Attorneys Rusty Conner and Michael Reed are bringing their expertise in bank M&A and capital markets to law firm Covington & Burling.
February 3 -
There are too many things in M&A that buyers cannot control, including the willingness of the right targets to sell, economic conditions and the likelihood that desire will interfere with good due diligence, two Midwest bankers warn.
January 31 -
AltaPacific Bancorp (ABNK) in Santa Rosa, Calif., has agreed to buy Mission Oaks Bancorp (MOKB) in Temecula, Calif.
January 31 -
WSFS Financial (WSFS) in Wilmington, Del., realized some of the benefits of its M&A strategy last quarter.
January 31 -
Investors Bancorp (ISBC) in Short Hills, N.J., which is poised for a second-step conversion, saw quarterly profits soar on big loan growth.
January 31 - Connecticut
Salisbury Bank and Trust (SAL) in Lakeville, Conn., has agreed to purchase a branch from Union Savings Bank in Danbury, Conn.
January 31 -
Kearny Financial Corp. (KRNY) in Fairfield, N.J., has agreed to buy Atlas Bank in Brooklyn, N.Y.
January 31 -
A big payment to a former executive and a decline in fee income hurt earnings at Brookline Bancorp (BRKL) in Boston last quarter.
January 31 -
Lakeland Bancorp (LBAI) in Oak Ridge, N.J., reported higher net income after buying Somerset Hills Bancorp.
January 30



