M&A
M&A
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FNBH desperately needs capital after regulators shot down a plan that had a hefty percentage of debt. The company is hoping an equity infusion by a big investor will help it get on track.
August 20 -
Delmar Bancorp is giving up a 40% stake in itself to an outside investor, who will cancel Tarp shares he won in a Treasury auction. The investor will also invest cash and forgive unpaid Tarp dividends.
August 20 - PSO content
Flock Specialty Finance announced that Alex Dunlap, former director of Debt Sales for Wells Fargo, has joined the company as senior vice president of Business Development.
August 20 -
First National Bank announced Tuesday that it's made a $300,000 investment in the Colorado Enterprise Fund's Early Stage Loan Pool.
August 20 - Georgia
Community Bankers Trust (ESXB) in Glen Allen, Va., has agreed to sell its Georgia operations to Community & Southern Holdings in Atlanta.
August 20 - PSO content
NCB Management Services Inc., a privately held debt buyer and collection agency, purchased an estimated $600 million of consumer debt direct from issuers and other debt buyers in the first six months of this year. The company started buying debt in 2006.
August 20 - PSO content
Brown & Joseph Ltd., a commercial credit and collection agency, has hired David Trout to serve as senior vice president of its insurance division.
August 20 -
Capital One says it will take its time in deciding the best way to bring apartment lender Beech Street Capital into the fold. Execs look to add the benefits of the originate-to-sell lender without messing up its winning formula.
August 19 -
F.N.B. Corp. (FNB) will cut 57 jobs at PVF Capital (PVFC) in October after it buys the Solon, Ohio, thrift company.
August 19 -
A breakdown of M&A announcements in the financial services industry for the week ended August 17.
August 19 -
ESSA Bancorp (ESSA) in Stroudsburg, Pa., has agreed to a buy most of First National Community Bancorp's (FNCB) retail operations in Monroe County.
August 19 -
The $557 million-asset company announced Monday that Holland will become chief credit officer for its SouthCrest Bank unit. He succeeds Kent Berry, who retired this year.
August 19 -
Capital One Financial Corp. (COF) has agreed to buy Beech Street Capital, a mortgage firm that specializes in government-insured and multifamily loans.
August 19 -
Delmar Bancorp in Salisbury, Md., has worked out an arrangement to redeem preferred stock from an outside investor.
August 19 -
Donald Wilson, chairman of Community Financial Shares (CFIS) in Glen Ellyn, Ill., has been appointed the company's president and chief executive.
August 16 -
The combination of Mercantile and Firstbank is expected to break the bank M&A logjam in Michigan. The combined company will be on the lookout for more deals, executives say.
August 16 -
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The Mississippi companies have received all the necessary approvals and expect to finalize the deal Sept. 1, they announced Friday.
August 16 -
Anchor BanCorp Wisconsin has settled fraud charges brought by the Securities and Exchange Commission in connection with one of its 2009 quarterly reports.
August 16 -
The Canadian financial services technology developer Davis + Henderson closed its $1.2 billion acquisition of Harland Financial Solutions on Friday.
August 16



