M&A
M&A
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The CenterState/First Southern in Florida deal shows how banks have to cut expenses, make acquisitions and then make more cuts to move ahead in the long run.
January 30 -
Sterling Financial (STSA) in Spokane, Wash., posted higher quarterly profit that was aided by recent acquisitions.
January 30 -
First Citizens BancShares (FCNCA) in Raleigh, N.C., received an earnings boost from improved credit quality and a favorable adjustment to loss-share agreements with the Federal Deposit Insurance Corp.
January 30 -
Bank of the Ozarks (OZRK) of Little Rock, Ark., has agreed to buy Summit Bancorp in Arkadelphia, Ark.
January 30 -
United Bankshares (UBSI) in Charleston, W.Va., saw earnings fall as fee income took a dive last quarter.
January 30 -
Prosperity Bancshares (PB) in Houston is rearranging a number of its management posts.
January 30 - Florida
CenterState Banks (CSFL) in Davenport, Fla., has agreed to buy First Southern Bancorp (FSOF) in Boca Raton, Fla.
January 30 -
Banks that trade over-the-counter have long had concerns their stocks suffer from light trading and visibility. They hope a new exchange will help boost their stocks' liquidity and their buying power for acquisitions.
January 29 -
Longtime CEO William Cooper tells analysts that he is as optimistic as ever about his company's growth prospects following its reinvention.
January 29 -
The Westbury, N.Y., bank has sought a large deal to vault well over the $50 billion-asset threshold. But with no transformational deal in sight, it is now willing to pass that asset milestone through a small acquisition or organic growth.
January 29 -
Four shareholders of BankUnited (BKU) in Miami Lakes, Fla., plan to sell up to $291 million of common stock.
January 29 -
Iberiabank Corp. (IBKC) of Lafayette, La., reported higher quarterly earnings due to improved credit quality.
January 29 -
Hudson City Bancorp, the target of the biggest pending bank takeover in the U.S., said it's planning to reduce interest rate risks and that the effort will produce an unspecified loss.
January 29 -
National Penn Bancshares (NPBC) in Boyertown, Pa., has bought back about $75.4 million of shares from the private-equity firm Warburg Pincus.
January 28 -
Bankers feel more optimistic about their business as crisis memories fade, and more open-minded about M&A as deal prices rise, but concerns about compliance challenges and regulators' tough reviews of merger applications are keeping their enthusiasm in check.
January 28 -
Banks and other companies headquartered abroad have been busy buying and selling financial firms in the United States recently. Here's a look at M&A activity lately that's had a distinctly international flavor.
January 28 -
Southern First Bancshares (SFST) in Greenville, S.C., used a private placement to convert preferred stock tied to the Troubled Asset Relief Program into common stock.
January 28 -
The Los Angeles company had to negotiate with the government, private equity, nonprofits and other banks to recapitalize its bank.
January 28



