M&A
M&A
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Fidelity National Financial (FNF) announced Tuesday that it acquired Lender Processing Services (LPS), confirming rumors that the two had been making plans to make a deal worth $2.9 billion.
May 28 -
Fidelity National Financial Inc., the largest U.S. title insurer, agreed to acquire its former unit, Lender Processing Services Inc., to expand in the business of providing and analyzing mortgage data.
May 28 - PSO content
The State Revenue Office in Victoria, Australia will provide a private collection agency with personal information on up to 36,000 taxpayers as part of a crackdown on debts owed to the state's government.
May 28 -
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Chilean bank Banco de Credito e Inversiones has agreed to buy the $4.7 billion-asset City National Bank of Florida from Spain's Bankia for $882.8 million.
May 24 -
The company plans to place a greater emphasis on commercial banking in cities such as Houston and Jacksonville, Fla.
May 24 -
Higher turnout at annual meetings and new SEC reporting rules are forcing bankers and activist shareholders to spend more time, money swaying voters in proxy fights.
May 24 -
The $225 million-asset Goldthwaite is buying First National Bancshares in Hico, Texas. Terms of the deal were not disclosed.
May 24 -
Investor demand for leveraged loans is so hot that to increase supply lenders are loosening restrictions on refinancing. It's the beginning of a slippery slope, some experts fear.
May 24 -
Hancock Holding in Gulfport, Miss., will close roughly a fifth of its branches as investors press management to cut costs.
May 24 -
Bank of the Ozarks (OZRK) in Little Rock, Ark., is constructing a regional headquarters in Florida.
May 24 -
Bank of America (BAC) is seeking buyers for about 40 branches in New York and Pennsylvania, four people with knowledge of the matter said.
May 24 -
First Niagara Financial (FNFG) in Buffalo, N.Y., has reportedly reached a severance agreement with John Koelmel, who was ousted as chief executive in March.
May 23 -
Believe GE CEO Jeffrey Immelt when he says banks are unlikely to try to buy his consumer finance unit. Few banks could afford the huge business, and regulators would never allow them to buy it, market watchers say.
May 23 -
Fidelity National Financial dominates mortgage underwriting. Its former LPS unit is the top mortgage servicer. The question is whether two companies that have run out of room to grow separately can prosper together.
May 23 -
Old National Bancorp (ONB) in Evansville, Ind., plans to close approximately 10% of its branches in an effort to improve efficiency.
May 23 -
Customers Bancorp sold $103.5 million of common stock in a public offering.
May 23 -
The chief financial officer of Huntington Bancshares (HBAN) in Columbus, Ohio, has left to take the same position at KeyCorp (KEY) in Cleveland.
May 23 -
Chemical Financial in Midland, Mich., has filed a shelf registration that allows it to sell up to $100 million of securities over time.
May 23 -
General Electric is considering spinning off parts of its finance unit through an initial public offering as Chief Executive Officer Jeffrey Immelt works to shrink the business.
May 23


