M&A
M&A
-
Customers Bank is buying a commercial loan portfolio based in New England from Flagstar. The deal would reunite Jay Sidhu with some valuable former employees.
February 6 -
The recently renamed ConnectOne Bancorp in Englewood Cliffs, N.J., has filed to raise up to $46 million through an initial public offering.
February 6 -
First Niagara (FNFG) in Buffalo has created a banking region that includes branches it bought last year from HSBC.
February 6 -
Flagstar has asked the Treasury to delay the sale of its Tarp shares, will have to pay more than $90 million in connection with a bond insurer's lawsuit, and announced the sale of more commercial loans.
February 6 -
Problem assets, rival bids, unyielding regulators - these are just a few things that spell disaster in bank mergers and acquisitions. The highlights and lowlights of canceled deals in recent years.
February 6 -
The U.S. government has padded its return on aid to Citigroup (NYSE:C) during the financial crisis.
February 5 -
A Chicago private-equity firm has acquired a mortgage company from a struggling Milwaukee bank.
February 5 -
Payments processor Elavon is expanding its distribution network in Canada with a deal to acquire Toronto-based Collective Point of Sale Solutions.
February 5 -
The nation's biggest asset manager now owns roughly 6% of the outstanding stock in UMB, the companies disclosed in Tuesday filings with the Securities and Exchange Commission.
February 5 -
Ally, the former lending arm of General Motors, reported earnings of $1.4 billion in the fourth quarter after a $206 million loss a year earlier.
February 5 - PSO content
Buying a distressed loan isn't usually considered similar to trolling for discounted airfare.
February 5 -
Kind words by Stewart McClure, the head of Somerset Hills Bancorp, for Kevin Cummings, the CEO of rival Investors Bancorp, are part of a mutual admiration society budding in New Jersey banking.
February 4 -
Stop Huntingdon Animal Cruelty said Monday that a U.S. Bancorp unit is a lender to Huntingdon Life Sciences, a U.K.-based research facility that helps makers of pharmaceuticals, chemicals, cosmetics and other products assess the safety of their wares.
February 4 -
Terminations of bank deals have dramatically slowed since 2009, when a third of the announced deals were called off. Still, buyers should give regulators a heads-up and leave ample time to finalize details.
February 4 -
The CEO of the country's largest bank sounded off once again, admitting mistakes and waving the banner for banks on Monday in Miami.
February 4 -
TrustAtlantic Bank has agreed to buy a branch from fellow North Carolina lender Harrington Bank.
February 4 -
A breakdown of M&A announcements in the financial services industry for the week ended February 2.
February 4 -
Capitol Bancorp in Lansing, Mich., has moved a step closer to selling a troubled unit in New Mexico.
February 4 -
With success in many markets riding on innovative technology, banks are turning to the tricky game of venture investing.
February 4 -
Barclays announced Sunday that two of its top executives will step down in the coming months. The London-based bank said that Chris Lucas, its chief financial officer, and Mark Harding, its general counsel, have agreed to remain in their jobs until the bank can identify their successors.
February 4
