M&A
M&A
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Four Corners Community Bank in Farmington, N.M., has agreed to buy Citizens State Bank of Cortez in Colorado.
June 12 -
The private equity firm Milestone Partners has sold Mariner Finance, a former division of Baltimore's First Mariner Bancorp.
June 12 -
United Community Financial in Youngstown, Ohio, has raised $5 million of capital and announced plans to reshuffle the executive team at its bank.
June 12 -
John Thain, chief executive officer of CIT Group, said the logic of selling his company to a larger bank is "obvious," while declining to comment on whether such a deal has been discussed.
June 12 - PSO content
DBA International has issued a Request for Proposals seeking qualified independent third-party auditing firms to provide compliance audits related to DBAs Debt Buyer Certification Program.
June 12 -
Royal Bank of Canada, the country's largest lender by assets, will consider acquisitions of as much as C$5 billion ($4.9 billion) as it seeks to expand its wealth- management unit, Chief Financial Officer Janice Fukakusa said.
June 12 - Mississippi
Renasant and First M&F have lifted the curtain on certain aspects of their planned merger as part of a tentative settlement of a shareholder lawsuit.
June 12 -
Carl Chaney says his relocation recognizes that the Big Easy is a major part of the Gulfport, Miss., company's growth strategy.
June 12 -
Companies that purchase delinquent accounts secured an estimated $230 million in default judgments against New Yorkers in 2011, according to a report from the New Economy Project, but failed to prove they owned the debt in a majority of cases.
June 12 -
Texas Capital Bancshares (TCBI) in Dallas has announced its CEO succession plan. Keith Cargill, 60, will become president and chief executive of the $10 billion-asset company when current chief George Jones, 69, retires at yearend.
June 11 -
Eastern Virginia Bankshares (EVBS) in Tappahannock has extended the deadline for a pending rights offering.
June 11 -
Hanmi announced late Tuesday that Chong Guk Kum would replace Jay S. Yoo as president of the holding company and its $2.8 billion-asset bank.
June 11 -
The famously outspoken CEO of JPMorgan Chase has kept relatively quiet during the last few months of shareholder pressure and regulatory scrutiny. On Tuesday, he tried to make up for lost time.
June 11 -
Banks and others that make "debtor-in-possession" loans to teetering companies hurt the commercial bankruptcy system by forcing unnecessary liquidations and untimely asset sales, critics say.
June 11 -
Banks that still hold Tarp funds face the prospect of dividend rates rising to 9% from 5% at a time when many of those institutions are still struggling.
June 11 -
Urban Partnership Bank in Chicago has been designated a minority depositary institution by the Federal Deposit Insurance Corp.
June 11 - Florida
The proposed sale of Atlantic Coast Financial in Jacksonville, Fla., did not sail with investors. Shareholders rejected Bond Street Holdings' $13.1 million, or $5-per-share, offer on Tuesday.
June 11 -
Green Dot (GDOT) has agreed to acquire the Wal-Mart-branded prepaid card business from GE Capital Retail Bank.
June 11 -
C&F Financial (CFFI) has agreed to acquire Central Virginia Bankshares. Both are in the Richmond, Va., area.
June 11



