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The deals lets a North Carolina group skip the de novo process. West Town, which sold the bank, will use the funds to support a fast-growing business line.
May 10
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The proposed merger will create a bank with more than $1 billion in assets.
May 9
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Consolidation activity was ho-hum for most of April before a burst of transactions — and notable ones at that — were announced in the month's final week.
May 8
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Pinnacle Bank chief Terry Turner never lacks specifics. He wants to expand inside a triangular zone that connects three Southern and mid-Atlantic cities, aims to enter five particular markets, and speaks bluntly about his plans for hiring alums of BB&T and SunTrust.
May 8
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The Mile High City has been disrupted by a number of big bank mergers, which could increase competitive pressures on CUs across the state.
May 7
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Sound Bank has new management as part of the transaction. It will also get a new name and expand into higher-growth markets.
May 7
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Banco Bradesco said it will use the acquired bank to expand its investment offerings in the United States.
May 6
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Profitability improved significantly last year for banks with less than $2 billion of assets, but not because of anything they did. Some troubling trends lurk beneath those big gains too.
May 5
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The National Credit Union Administration and the Small Business Administration have established a program to boost SBA lending by credit unions, which was very light last year. It is sure to irk bankers, who have raised competitive concerns.
May 3
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The Yankton, S.D.-based institution can now serve 18 counties across two states.
May 3
