M&A
M&A
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Umpqua Holdings (UMPQ) in Portland, Ore., posted lower quarterly earnings after mortgage-related fees fell.
October 16 -
Renasant (RNST) in Tupelo, Miss., posted lower quarterly earnings tied to its purchase of First M&F in Kosciusko, Miss.
October 16 -
The activist investor had vowed to wage a proxy battle next year against Malvern Bancorp unless it addressed concerns about shareholder value
October 16 -
KeyCorp (KEY) reported higher third-quarter profit after recording a gain from the sale of its investment management and broker-dealer units.
October 16 -
Acquisitive banks have frequently used the "accretive to earnings" pabulum to sway shareholders and justify overpriced transactions. This has created an illusion of acquisition value that is detrimental to the market.
October 16 -
Municipal Employees Credit Union in Baltimore has received approval from the National Credit Union Administration to buy a bank.
October 16 -
The Troy, Mich., bank's agreement to buy the four remaining bank units of Capitol Bancorp in a bankruptcy auction would strengthen its Midwestern profile, but it has to accept two far-flung units and navigate some tricky regulatory issues to get the deal done.
October 15 -
Malvern Bancorp (MLVF) in Paoli, Pa., expects to report another quarterly loss after selling a block of problem loans and repaying Federal Home Loan Bank advances.
October 15 -
Revenue at Citi's North American retail bank fell 35% year over year and officials warned that lower mortgage originations and continued spread compression would crimp revenues in the fourth quarter, and perhaps beyond.
October 15 -
Washington Federal (WAFD) in Seattle attributed its strong third quarter to economic improvements in the eight states in which it operates.
October 15 -
A breakdown of M&A announcements in the financial services industry for the week ended Oct. 12
October 15 -
Toronto-Dominion Bank is thinking of making a play for Royal Bank of Scotlands Citizens Financial Group, according to a report published Sunday.
October 15 -
Wintrust Financial in Rosemont, Ill., recorded higher quarterly profits on increased net interest income and benefits from buying Diamond Bancorp in Schaumburg, Ill.
October 15 - Indiana
Capitol Bancorp said late Monday that it will sell its four remaining banks to Talmer Bancorp in Troy, Mich.
October 15 -
China, Switzerland, Germany and Japan are among nations close to reaching arrangements with U.S. regulators to ease the dismantling of failed banks, said Federal Deposit Insurance Corp. Chairman Martin J. Gruenberg.
October 13 -
Wealth management has reached a critical juncture. The pressure to expand and cross-sell could encourage employees to cut corners and regulators to crack down on questionable practices. All this applies to big banks, which thirst for sources of growth, and small banks, which are jumping headlong into the business and catering to the less affluent clients ignored by large banks.
October 11 -
Regional and community banks are carving out niches as asset managers by offering perks and personal services to affluent customers whom bigger rivals often overlook.
October 11 -
The Treasury Department expects to receive roughly $66 million from a recent auction of stakes it owns in seven banks from the Troubled Asset Relief Program.
October 11 - Arkansas
Bank of the Ozarks posted a 16% rise in quarterly profit after completing an acquisition and reporting strong loan growth.
October 11 - Washington
Bank mergers, failures and charter consolidations are cutting into the exam fees that provide the financial lifeblood for regulators in Idaho, Montana and other states. Their attempts to balance the budget can cause small banks to pay higher fees.
October 10





