M&A
M&A
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Carolina Premier Bank hopes its blend of Southern charm and robust technology (robotic bankers, anyone?) will be a hit with residents in the nation's capital.
July 3 -
Virginia Heritage Bank (VGBK) in Tysons Corner raised $22 million in its recent public offering.
July 3 -
Another FBR bank analyst is leaving the northern Virginia boutique to pursue a career in investor relations. Brett Scheiner has left FBR to become the investor relations officer for Popular Inc. (BPOP) in San Juan, Puerto Rico.
July 3 -
Serial acquirer Grandpoint Capital has agreed to buy Gilmore Bank. Both are in Los Angeles.
July 3 -
First ULB (FUBP) in Oakland, Calif., has agreed to buy Union Financial in Albuquerque, N.M.
July 3 -
Prosperity Bancshares in Houston rarely participates in auctions, but CEO David Zalman was confident enough of his offer for FVNB to the bank solicit another bid. Zalman won, and Prosperity's investors embraced the result.
July 2 -
The $400 million-asset bank said Tuesday that it had acquired Luhn-McCain Insurance, also in San Antonio. The bank did not disclose the price.
July 2 -
Consumers Bancorp (CBKM) in Minerva, Ohio, has completed a $9.7 million rights offering and will seek to raise an additional $300,000 through a public offering of common stock.
July 2 -
Major banks face a wave of state investigations into sales of defaulted credit card debt. Now the banks may be facing an even more pressing challenge from their primary federal regulator, the Office of the Comptroller of Currency.
July 2 - Ohio
Peoples Bancorp in Marietta, Ohio, plans to enter the Cleveland market by acquiring Ohio Commerce Bank in Beachwood.
July 2 -
Eastern Virginia Bancshares (EVBS) has closed a $5 million rights offering. The offering followed a $45 million private placement announced in March, in which the company sold a 30% stake to institutional investors.
July 2 -
Capital One Financial (COF) announced plans Tuesday to repurchase up to $1 billion of its common shares, contingent on the previously announced sale of a credit card portfolio to Citigroup (NYSE: C).
July 2 - California
Bank of Marin Bancorp (BMRC) in Novato, Calif., has agreed to acquire NorCal Community Bancorp (NCLC) in Alameda, Calif.
July 2 - PSO content
The DBA International Board of Directors has appointed Professor Todd J. Zywicki as the consumer representative to the Debt Buyer Certification Council.
July 2 - Florida
1st United, of Boca Raton, paid $5 million in cash to Enterprise's minority shareholders and transferred Enterprise's troubled assets, worth $40.8 million when the deal closed, to its majority owner.
July 1 -
American Bank Center in Dickinson, N.D., has agreed to buy Community First Bank of Glendive in Montana.
July 1 -
The companies announced last week an agreement to merge Acacia into Stifel Bank and Trust, the investment bank and brokerage's $3.9 billion-asset bank. The terms were not disclosed.
July 1 -
A breakdown of M&A announcements in the financial services industry for the week ended June 29.
July 1 -
JPMorgan Chase (JPM), which is bracing for a crackdown over its credit card debt collections practices, is trying to give regulators less ammunition.
July 1 -
BNC Bancorp in High Point, N.C., started making acquisitions in the Carolinas three years ago, with private-equity help. Now it can afford to take its time and digest while other banks feel pressure to buy.
July 1





