M&A
M&A
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German American Bancorp in Jasper, Ind., has agreed to buy United Commerce Bancorp in Bloomington, Ind.
July 24 -
Executives of PacWest had become frustrated with the shortcomings of traditional, deposit-heavy banks when seeking M&A targets. They reached instead for the prospect of loan growth provided by commercial financier CapitalSource.
July 23 -
In a move that will give D+H deeper roots in the U.S. and a broader product set, the Canadian company announced Tuesday that it has reached an agreement to acquire Harland Financial Solutions.
July 23 -
Providing financing to solar farms is 'socially responsible' and a good way to expand in leveraged loans, its CEO says. Its in-house experts came via an acquisition.
July 23 -
Bank analyst Brian Foran poked fun at his own job-hopping during a regional bank's second-quarter earnings call.
July 23 -
MB Financial was eager to buy Taylor Capital because of its commercial lending prowess, not its mortgage unit. However, private-equity firms are said to be in talks to buy the unit.
July 23 -
Carlyle Group is selling off the last of its stake in Boston Private Financial Holdings (BPFH).
July 23 -
FirstMerit (FMER) in Akron, Ohio, reported higher second-quarter profit after completing its acquisition of Citizens Republic Bancorp.
July 23 -
PacWest has agreed to buy CapitalSource for $2.3 billion, a transaction that would fulfill CapitalSource's longtime goal of becoming a full-fledged bank. It is the year's biggest bank deal.
July 22 -
Hancock Holding (HBHC) has agreed to sell 10 Whitney Bank branches that the Gulfport, Miss., company had planned to close, as well as loans and deposits associated with the branches.
July 22 -
A breakdown of M&A announcements in the financial services industry for the week ended July 20.
July 22 -
Wilshire Bancorp is projecting cost savings of 60% for its deal with a Los Angeles rival, Saehan Bancorp. If it can pull that off, more intra-market deals among Korean-American banks could follow.
July 22 -
An upcoming dividend rate increase on shares issued under Tarp could prompt more banks to find buyers.
July 22 -
The chief operating officer at BBCN Bancorp in Los Angeles is stepping down.
July 22 -
Bank buyers are starting to pay more for assets; valuations soared this month in Prosperitys deal for FVNB and MB Financials deal for Taylor Capital, which could be the sign of increased prices for future bank M&A.
July 22 -
The Senate's latest proposal to break up the big banks faces an uphill battle, but FDIC Vice Chairman Thomas Hoenig still says it could have a major impact on the movement to separate big banks' commercial and investment activities.
July 19 -
John Koelmel recently became the president of HarborCenter Development, a Buffalo, N.Y., real estate company with ties to a professional hockey team.
July 19 -
Second-quarter profits at Tompkins Financial Corp. in Ithaca, N.Y., rose on increased loan revenue and fees, but fell short of analysts' estimates.
July 19 -
The Buffalo, N.Y., company is bolstering its commercial lending and auto finance businesses while it looks to replace ousted CEO John Koelmel.
July 19 -
First Horizon National Corp. in Memphis missed second-quarter profit estimates as its lending and fee income slid.
July 19




