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A breakdown of M&A announcements in the financial services industry for the week ended July 5.
July 9 -
GLOVERSVILLE, N.Y. Fulton County FCU has rebranded itself as First Choice Financial FCU.
July 9 -
DANVILLE, Pa. Service 1st Federal Credit Union here may be an early adopter of offering biometric fingerprint scanning to members.
July 8 -
MVB Financial (MVBF) in Fairmont, W.Va., has raised more than $37 million by issuing subordinated debt and selling preferred stock.
July 8 -
Sun Bancorp (SNBC) in Mount Laurel, N.J., has provided more details on its sweeping restructuring initiative.
July 8 - Pennsylvania
Wyomissing, Pa. Glen Yeager, who has been president and CEO of $1.1 billion Utilities Employees Credit Union for 27 years, announced Monday that he will retire Oct. 1.
July 8 -
First Midwest Bancorp (FMBI) in Itasca, Ill., has agreed to buy Great Lakes Financial Resources (GLFL) in Chicago.
July 8 -
WASHINGTON What happens when you mix a cutting-edge payments technology with the newest financial regulator on the block, both of which stir policy passions?
July 8 -
American Bank in Fond du Lac, Wis., has agreed to buy InvestorsBank in Waukesha, Wis. American Bank, a unit of NEB Corp., will have more than $450 million in assets when the merger is completed.
July 7 -
Idaho Independent Bank (IIBK) in Boise will offer medical savings accounts to American Health Value customers.
July 7 -
Steele Street Bank & Trust decided to find a buyer when CEO Bob Malone realized the bank lacked the size to adequately court business in the Mile High City.
July 7 -
SAN FRANCISCO The flurry of regulations coming out of CFPB were expected to drive some credit unions right out of the mortgage business, but the "big dog" of mortgage regulation is yet to come, and that one might finally do the trick, according to one compliance expert.
July 7 -
Banc of California (BANC) in Irvine says it booked more than $1.4 billion in loans during the second quarter.
July 7 -
GNB Financial Services in Gratz, Pa., has agreed to buy FNBM Financial in Minersville, Pa.
July 7 -
MainStreet Bank (MNSB) in Fairfax, Va., reported higher profits on double-digit loan and deposit growth in the second quarter.
July 3 -
Plaza Bank (PZBW) in Seattle has raised $4.2 million through a stock offering. The $79 million-asset bank said in a press release Thursday that unnamed individual investors participated in the offering.
July 3 -
Investar Holding (ISTR) in Baton Rouge, La., raised more than $40 million from its initial public offering.
July 3 -
UMB Financial (UMBF) in Kansas City, Mo., will settle a dispute over an asset purchase agreement.
July 3 -
MBT Financial (MBTF) in Monroe, Mich., has been freed from a consent order under which it had been operating for the last four years.
July 3 -
MADISON, Wis. Credit union lending continues to improve, with loan portfolios rising by 1.2% in May, the biggest monthly increase in nine years, according to CUNA's monthly sample of CUs.
July 3
