M&A
M&A
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The most notable quotes from American Banker stories of the previous week. Readers are encouraged to add their own observations in the Comments fields at the bottom of each slide.
September 10 -
Old National Bancorp in Evansville, Ind., has agreed to buy Tower Financial in Fort Wayne.
September 10 -
Simmons First National (SFNC) in Pine Bluff, Ark., had the winning bid to buy Metropolitan National Bank during a bankruptcy auction.
September 9 -
Cardinal Financial Corp. (CFNL) has agreed to buy United Financial Banking (UFBC) for nearly $52 million. The two companies are in the northern Virginia suburbs of Washington.
September 9 -
Dallas hedge fund Clover Partners is causing Texas-size headaches for two small Massachusetts thrifts, Hampden Bancorp and Chicopee Bancorp.
September 9 -
A breakdown of M&A announcements in the financial services industry for the week ended Sept. 7.
September 9 -
Capital Bank Financial in Coral Gables, Fla., has gone more than a year since its last acquisition a common problem for M&A-minded banks these days. Its leaders urged shareholders to be patient in a sales pitch that other execs in the same bind could learn from.
September 9 -
Umpqua Holdings, Oregon's biggest bank, is in advanced talks to buy Sterling Financial, the lender backed by Warburg Pincus and Thomas H. Lee Partners, said people with knowledge of the discussions.
September 9 - New York
Capital One has bolstered its commercial-lending team by hiring bankers away from JPMorgan Chase and the CIT Group.
September 9 -
Citi has completed its purchase of electronics retail giant Best Buy's U.S. credit card portfolio from Capital One.
September 9 -
The Federal Reserve Bank of Atlanta has approved two Atlantic Coast Financial (ACFC) board nominees proposed by dissident investor Jay Sidhu.
September 9 -
The current bank M&A market is too hostile for Royal Bank of Scotland to consider completely selling off its U.S. subsidiary, the incoming chief executive of that unit says.
September 9 -
Wilshire Bancorp in Los Angeles said Monday that it had hired Jung Hak Son as its chief marketing officer, a position he took over in 2009.
September 9 - PSO content
DECA Financial Services LLC, a nationally licensed collection agency, has announced the signing of a marketing agreement with Healthpac Computer Systems Inc., based in Savannah, Ga.
September 9 -
DETROIT NCUA said this afternoon the Michigan Department of Insurance and Financial Services liquidated Craftsman CU and appointed the federal credit union agency as liquidating agent for the one-time $44 million auto workers credit union, the year's 12th failure.
September 6 -
A bankruptcy judge's decision to lower breakup fees in the auction of Metropolitan National gives Simmons First and others a chance at unseating stalking horse Ford Financial. The results could encourage more interest in bidding for bank units of bankrupt holding companies.
September 6 -
The Alabama company is staging a nice comeback from the financial crisis, though concerns still exist over litigation tied to a brokerage unit it sold last year.
September 6 - PSO content
Officials in Jefferson County, Illinois have worked out an agreement with collection agency Pioneer Credit Recovery for the firm to begin collection unpaid fines and fees for felonies, misdemeanors and DUIs.
September 6 -
American Banker readers share their views on the most pressing banking topics of the week. As excerpted from the Comments sections of AmericanBanker.com articles.
September 6 -
IBM announced Tuesday that it has acquired Trusteer, an Israeli company that provides organizations with counter-fraud and cybersecurity software.
September 6






