M&A
M&A
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A breakdown of M&A announcements in the financial services industry for the week ended August 24.
August 26 -
Community Bank Shares in New Albany, Ind., has lowered its cost estimates for integrating First Federal Bank in Lexington, Ky.
August 26 -
Capitol Bancorp (CBCRQ) has lost another bank after regulators closed its Sunrise Bank of Arizona on Friday.
August 23 -
Community South Bank in Parsons was shut down by Tennessee regulators Friday.
August 23 -
HopFed Bancorp (HFBC) in Hopkinsville, Ky., and Sumner Bank & Trust in Gallatin, Tenn., have terminated plans to merge.
August 23 -
M&T Bank is expected to complete its purchase of Hudson City Bancorp despite unexpected regulatory issues. But an analyst had fun speculating about who might step in as the buyer if that deal collapsed.
August 23 -
The Federal Reserve has approved a capital plan that was re-submitted by BB&T Corp. of Winston-Salem, N.C., the regulator announced Friday.
August 23 -
The president and chief executive of First Financial Northwest (FFNW) in Renton, Wash., will step down next week.
August 23 - PSO content
A city in British Columbia, Canada is searching for a collection agency to pursue an estimated $480,000 in outstanding accounts and fines.
August 23 -
Independent Bank Group (IBTX) in McKinney, Texas, has agreed to buy Live Oak Financial Corp. in Dallas.
August 22 -
Private equity firm Thoma Bravo announced Thursday that it's completed its $395 million acquisition of internet and mobile cloud testing and monitoring company Keynote Systems.
August 22 -
Merger negotiations are starting to resemble job interviews as more bankers hope to retain some level of control after begrudgingly selling their institutions.
August 22 -
KeyWorth Bank in Johns Creek, Ga., has agreed to buy a branch from Signature Bank of Georgia in Sandy Springs.
August 22 - PSO content
Debt buyer Portfolio Recovery Associates announced Wednesday it had modified its credit agreement and increased its lenders' domestic revolving credit commitments by $35.5 million, increasing its aggregate credit facility to $633 million.
August 22 -
Fannie Mae was able to extract an $11.6 billion mortgage-repurchase settlement from Bank of America (BAC) this year its largest to date because the bank needed Fannie's approval to sell billions of dollars in servicing rights.
August 22 -
The former chairman and chief executive of Summit Bank in Burlington, Wash., on Wednesday pleaded guilty to hiding millions of dollars in losses from past-due loans.
August 21 -
Despite better-than-expected returns so far, industry observers believe that the Treasury Department will take larger haircuts at is unloads less desirable stakes in banks.
August 21 -
A pair of prominent investors are pursuing opposing strategies in their bank investments: Warren Buffett is buying, while David Einhorn is cutting back.
August 21 -
With a wave of mergers and acquisitions inevitable, a new set of regulatory hurdles have evolved for large financial entities and community banks alike.
August 21 - PSO content
Now that Wells Fargo (WFC) has stopped selling unpaid consumer loans to outside buyers, its executive in charge of those deals has found another job.
August 21




