M&A
M&A
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Republic First may try to revive its 2008 deal to sell itself to Metro Bancorp. That effort died at the feet of regulators but still makes sense in the eyes of some. Other banks are said to be asking similar questions about old deals.
June 20 - PSO content
In New Jersey, unpaid municipal court fines and fees total $246 million. Towns throughout the state are turning to collection agencies to bring in some of that money.
June 20 -
OptimumBank Holdings (OPHC) in Fort Lauderdale, Fla., can keep listing its shares on the Nasdaq now that a reverse stock split has brought the stock above the exchange's minimum price.
June 20 -
Banks will have to scrutinize their relationships with consultants, brace for the possibility of a wave of regulation of consulting practices and have backup plans in case a key advisor ever receives a punishment like the one New York state dealt Deloitte.
June 19 -
Sabal Financial, a buyer of distressed debt, has established Sabal Third Party Servicing, which will service commercial real estate and construction loans nationwide.
June 19 -
The $130 million-asset parent of Guernsey Bank said Tuesday it would pay roughly $5 million for Ohio State, which has three branches in the Columbus area.
June 19 -
The $804 million-asset bank will offer as many as 1.45 million shares to the public at $14.25 a share, which could produce as much as $20.7 million.
June 19 -
A number of recent deals in the state could spur more Virginia banks to buy or sell. However, big out-of-state buyers are unlikely to get involved because there are few large targets left.
June 19 -
Taylor Capital Group (TAYC) in Chicago has hired David Drury, a General Electric Capital executive, to head sales and capital markets for its equipment-finance unit.
June 18 -
Think you have time to wait to get in the M&A game? Think again, says Lynn Fuller of Heartland Financial in Iowa, who sees the next two years as the time to bulk up his multistate bank before prices soar.
June 18 -
People's Utah Bancorp in American Fork is buying Lewiston Bancorp in Lewiston, Utah.
June 18 -
In the first case of a state taking on bank consultants, New York regulators have banned Deloitte Financial Advisory Services from financial consulting for one year.
June 18 -
Intervest Bancshares bid successfully for some of its own shares in a recent Treasury Department auction.
June 18 -
M&T had delayed plans to buy Hudson City Bancorp because of the Federal Reserve's compliance concerns, and an order made public Tuesday details what the Buffalo, N.Y., company has to fix.
June 18 - PSO content
An eastern Kentucky town is reviewing whether to sell delinquent tax debts to third-party collection agencies.
June 18 -
Banks bulked up on collateralized loan obligations again in the first quarter for risk management and other purposes. But new deposit insurance rules are expected to deter them from buying more.
June 17 -
A breakdown of M&A announcements in the financial services industry for the week ended June 15.
June 17 -
Bank M&A activity has been slow this year outside of an occasional spurt, and the deals have been relatively modest. Stubborn sellers, strict regulators and renewed stock market volatility are among the obstacles.
June 17 -
First BanCorp (FBP) has traveled a bumpy road to recovery but top management hopes a clear strategy will help the San Juan, Puerto Rico, company complete its turnaround.
June 17 -
The chairman and CEO of JPMorgan Chase has spent months fending off critics of his leadership skills. Now he's dispensing advice about those skills on LinkedIn.
June 17







