M&A
M&A
-
The Treasury Department has begun auctioning more than $51 million of stock that it acquired through the Troubled Asset Relief Program.
June 10 -
Bank investors may be softening their antipathy for long earn-back periods. When Union First Market Bankshares promised five years of dilution but a big boost to earnings from its deal for StellarOne, its stock declined only a little.
June 10 -
Barry Sommers, the new head of JPMorgan Chase's consumer bank, spent most of his career selling wealth-management services. Now he says he's ready to serve the bank's less-affluent customers.
June 10 -
A breakdown of M&A announcements in the financial services industry for the week ended June 8.
June 10 -
The $120 billion-asset company has made a tender offer for certain debt of Union Planters Preferred Funding, a REIT subsidiary that it then plans to dissolve, it said Monday.
June 10 -
The $168 million-asset asset lender is offering as many as 500,000 shares at $10 per share, it announced Monday. The stock closed Friday at $9.85 a share; it had risen 1.5%, to $10, at midday Monday.
June 10 -
West Bancorp. (WTBA) in Des Moines, Iowa, is taking advantage of low interest rates to buy back a chunk of its stock.
June 10 -
The banking unit of FNB United in Asheboro, N.C., has been freed from a regulatory order and has completed its integration of the Bank of Granite.
June 10 -
Deloitte Corporate Finance has acquired McColl Partners, a middle-market investment bank founded by retired Bank of America Chief Executive Hugh McColl.
June 10 -
Union First Market Bankshares in Richmond, Va., has agreed to acquire StellarOne in Charlottesville, Va.
June 10 -
Wilshire Bancorp in Los Angeles has agreed to buy BankAsiana in Palisades Park, N.J.
June 10 -
The Office of the Comptroller of the Currency closed the $437.3 million-asset Mountain National Bank in Sevierville, Tenn., on Friday.
June 7 -
Shareholders who hoped proxy firms ISS and Glass Lewis would help them decide on Bond Street's controversial $5-per-share offer for Atlantic Coast Financial in Florida are out of luck: ISS says "aye," while Glass Lewis says "nay."
June 7 -
Texas State Bankshares in Harlingen has agreed to buy Border Capital Group in McAllen in a merger of South Texas lenders.
June 7 -
The Federal Deposit Insurance Corp. exercised its powers to appoint itself the receiver to circumvent a judge's ruling that barred Nevada regulators from closing a tiny bank belonging to Capitol Bancorp.
June 6 -
Taylor Capital Group in Chicago has hired a new chief compliance officer for Cole Taylor Bank.
June 6 -
Waterstone Financial (WSBF) in Wauwatosa, Wis., is planning a second-step conversion.
June 6 -
Lowering overhead (relative to assets) would be a powerful motivator for a bank to get big, fast. But the savings just aren't there.
June 6 -
First PacTrust Bancorp in Irvine, Calif., is planning to raise more than $40 million through a sale of preferred shares.
June 6 -
Atlantic Coast Financial Corp. has settled litigation with shareholders who objected the terms of its proposed merger with Bond Street Holdings.
June 6



