M&A
M&A
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Trustmark in Jackson, Miss., has bought two branches from SOUTHBank in Huntsville, Ala.
July 29 -
WSFS Financial Corp. in Wilmington, Del., has agreed to buy the mortgage banking company Array Financial Group in Haverford, Pa.
July 29 -
HomeStreet in Seattle plans to buy two small Washington lenders for a total of $37.3 million.
July 26 -
Rival bankers who operate in Chicago have been giving their takes some sarcastic, others serious, yet others cautious about the competitive effect of MB Financial's deal to buy Taylor Capital.
July 26 -
JPMorgan Chase (JPM) plans to sell or spin off its physical commodities unit, as regulatory scrutiny on big banks' commodities holdings and trading operations mounts.
July 26 -
Synovus Financial (SNV) in Columbus, Ga., has redeemed its Troubled Asset Relief Program shares after raising cash in two stock offerings.
July 26 -
U.S. Century Bank in Doral, Fla., has postponed a shareholder vote on a $50 million capital injection.
July 26 -
Investors have been pressuring Hancock Holding (HBHC) in Gulfport, Miss., to speed up cost cuts after its $1.5 billion purchase of Whitney Holding in 2011. Second-quarter results strengthened their case.
July 25 -
Davis and Henderson's planned $1.2 billion acquisition of Harland Financial Solutions will make the Toronto company a significant player in the U.S. financial services technology market virtually overnight.
July 25 -
Some managers of collateralized loan obligations complain that S&P's ratings of risks behind covenant-lite loans are too harsh and could stifle an growing part of the leveraged-loan market.
July 25 -
Normally low-profile PacWest CEO Matt Wagner could get a night gig emceeing roasts or appearing at an L.A. comedy store, a sometimes-lighthearted conference call revealed this week.
July 25 -
Columbia Banking System in Tacoma, Wash., reported higher quarterly earnings.
July 25 -
The former First PacTrust has hired ex-L.A. Mayor Antonio Villaraigosa as a senior advisor and made Magic Johnson Enterprises executive Eric Holoman a director and head of its new community reinvestment panel.
July 25 - PSO content
Accounts Receivable Management industry transactions in the first half of the year reflect a trend of U.S. groups expanding internationally, according to a mergers-and-acquisitions report from Greenberg Advisors.
July 25 -
Berkshire Hills Bancorp in Pittsfield, Mass., is planning a comprehensive review designed to reduce core operating costs.
July 25 -
New York Private Bank & Trust, the parent company of Emigrant Bank, has fully repaid its Troubled Asset Relief Program funds.
July 24 -
Porter Bancorp in Louisville is poised to make John Taylor its chief executive after the sudden retirement of Maria Bouvette. The move could improve its changes of attracting new investors to recapitalize it.
July 24 -
BankUnited (BKU) in Miami Lakes, Fla., added interest income and beat earnings estimates as it expanded into New York City last quarter.
July 24 -
Berkshire Hills Bancorp in Pittsfield, Mass., and Community Bank System in DeWitt, N.Y., have struck deals to buy branches from Bank of America.
July 24 -
Trustmark in Jackson, Miss., says it is starting to realize the benefits of its acquisition of BancTrust Financial Group.
July 24




