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New analysis from CEO Advisory Group shows the asset size of merged institutions rising along with the number of mergers.
November 23 -
CIT Group over a year's time brushed off several offers from First Citizens BancShares, entertained rival bids and kept negotiating on price and board representation before striking a deal, according to a new regulatory filing.
November 18 -
Technology imperatives, weak loan demand and the need for increased efficiency could put pressure on dozens of regional banks to join forces with rivals.
November 17 -
The Virginia company, which shuttered 14 locations in September, will close another five branches early next year.
November 17 -
The Pittsburgh company is using its BlackRock windfall to execute a familiar script: buy an underperforming bank, cut costs and strengthen ties with commercial clients.
November 16 -
The deal would rank among the biggest bank combinations since the financial crisis, creating a coast-to-coast franchise with about $563 billion of assets and branch presence in 29 of the nation’s 30 largest markets.
November 16 -
Members of $5.3 million-asset WJC Federal Credit Union will vote to merge into $3.2 billion-asset Truliant FCU, based in North Carolina.
November 13 -
The deal, intended to bolster CUNA Mutual's digital capabilities, is the company's second such move in a month.
November 12 -
The deal, PenFed's second merger announcement with a significantly smaller credit union, would expand its footprint into the Midwest.
November 10 -
Anchor Bank in Palm Beach Gardens was rescued by Bolivian investors after the financial crisis and began catering to South American clientele. Now it has agreed to buy a Broward County bank, setting the stage for its long-awaited, in-market expansion.
November 9