M&A
M&A
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The $1.2 billion-asset company said Tuesday that net proceeds from the sales totaled $26.3 million. Old Line said the sales will increase its tangible common equity.
November 19 -
OneWest Bank FSB, the lender formerly known as IndyMac Bancorp Inc., plans to pay a $1 billion dividend to backers including George Soros and John Paulson ahead of an initial public offering next year, two people with knowledge of the matter said.
November 19 -
MVB Financial (MVBF) in Fairmont, W. Va., and Rockville Financial (RCKB) in Rockville, Conn., have hired chief financial officers.
November 19 - West Virginia
Premier Financial Bancorp (PFBI) in Huntington, W.Va., has agreed to buy Gassaway Bancshares in Gassaway, W.Va.
November 19 -
JPMorgan Chase, which is planning to break off its buyout unit, is in talks to sell about $4 billion of private-equity stakes to an investor group, said three people familiar with the situation.
November 19 -
Republic Bancorp (RBCAA) in Louisville, Ky., is planning to shut down its only Minneapolis branch just 14 months after entering the market.
November 18 -
The surge in collateralized loan obligations, rising interest rates and other factors drove trading in leveraged loans to $391 billion at Sept. 30. The full-year total is expected to be a record, even as banks ease off CLOs.
November 18 -
ESSA Bancorp (ESSA) in Stroudsburg, Pa., has agreed to buy Franklin Security Bancorp in nearby Wilkes-Barre.
November 18 - PSO content
A Mississippi town has hired collection agency American Municipal Services to pursue $88,000 in unpaid fines, which includes $50,000 owed to the state, according to Ackerman, Miss. Town Clerk Debbie Boley.
November 18 -
Pacific Premier Bancorp (PPBI) in Irvine, Calif., has agreed to acquire chain-restaurant lender Infinity Franchise Capital.
November 18 -
The West Virginia Supreme Court upheld the state attorney general's right to issue subpoenas and investigative questionnaires in a case involving four collection agencies - Cavalry SPV I, Cavalry SPV II, Cavalry Investments and Cavalry Portfolio Services.
November 18 -
JPMorgan Chase (JPM) has agreed to pay a group of financial services companies $4.5 billion to settle mortgage-repurchase and servicing claims.
November 15 -
The pairing of Rockville Financial in Connecticut and United Financial in Massachusetts would create a $5 billion-asset bank that can get more efficient yet invest in growth. More deals like it have been happening around the country this year.
November 15 -
General Electric Co. (GE) will sell as much as 20 percent of its North American consumer lending business in a 2014 initial public offering as Chief Executive Officer Jeffrey Immelt shrinks reliance on financial profits.
November 15 -
Rockville Financial (RCKB) in Rockville, Conn., will merge with United Financial Bancorp (UBNK) in West Springfield, Mass.
November 15 -
Old Line Bancshares in Bowie, Md., agreed to disclose more information about a recent acquisition when challenged by shareholders, but it refused to pay any money. That rare resistance could embolden other banks to fight such suits harder, experts say.
November 14 -
Nationstar, Ocwen and Walter Investment picked a tough time to make an aggressive push into mortgage lending, but their efforts could pay off once new mortgage rules kick in.
November 14 -
Valley Financial (VYFC) in Roanoke, Va., has exited the Troubled Asset Relief Program with the repurchase of a warrant the company issued to the Treasury Department in 2008.
November 14 -
A number of roll-up companies were built for an M&A market characterized by a torrent of failed banks, a dearth of available capital and lots of sellers. Things turned out much differently. Here's how one company, National Bank Holdings, has adjusted.
November 13 -
JPMorgan Chase & Co. (JPM)'s fourth-quarter trading revenue will be slightly down from last year, according to Michael Cavanagh, who co-runs the bank's corporate and investment bank.
November 13



