M&A
M&A
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Ailing Liberty Bank in West Des Moines, Iowa, is selling three more of its branches in its home state as part of an ongoing quest to trim overhead and bolster its capital levels.
May 4 -
Harland Clarke Holdings reported a first-quarter loss of $22.9 million, compared with a profit of $23.4 million a year earlier, because of charges related to its parent company’s merger with MacAndrews & Forbes Holdings.
May 4 -
Five months after terminating its planned merger with one suburban Washington, D.C., bank, Alliance Bancshares in Chantilly, Va., has struck a deal to team up with another.
May 4 -
CenterState Banks (CSFL) in Davenport, Fla., is planning to merge its two subsidiary banks into a single bank as part of its ongoing effort to trim overhead and improve efficiency following its recent string of acquisitions.
May 3 -
The golf tournament has endured a tumultuous decade since Wachovia created the event to put itself on the national stage. Controversial deal negotiations have occurred there, it drew criticism from bank-bailout critics, and its name changed twice after Wells acquired Wachovia.
May 3 -
Continuing its aggressive expansion throughout the Southeast, Renasant Bank in Tupelo, Miss., is opening its first office in east Tennessee.
May 3 -
George Ramirez, the new chief diversity officer at San Francisco's Union Bank, didn't get the memo that people are purely expense items for banks.
May 3 -
Northeast Bancorp (NBN) of Lewiston, Maine, is looking to raise additional capital so it could continue to expand its loan portfolio.
May 3 -
ACI Worldwide announced a first-quarter loss stemming from its February acquisition of the bank technology vendor S1.
May 3 -
Standard & Poor's warned Thursday a further slowdown in the global economy and another knock to market confidence could hasten deleveraging among European banks, a development that could have a significant impact on Asian financial markets.
May 3 -
Customers Bancorp, led by Jay Sidhu, is set to go public. The one-time Sovereign Bank chief and others say he has learned from the past about how to balance internal growth and acquisitions.
May 3 -
If the anticipated wave of merger-and-acquisition activity in the banking industry ever hits, Blackhawk Bancorp in Beloit, Wis., wants to be ready for it.
May 2 -
Demand for these deals has risen in a liquid market, issuers are plentiful — but returns vary.
May 2 -
Electronic payments products are boosting revenue for core providers Fiserv and Jack Henry & Associates.
May 2 -
Atlantic Coast Financial (ACFC) of Jacksonville, Fla., reported a narrower loss in the first quarter than in previous quarters as it reduced its overhead and reiterated that it is still considering selling itself.
May 2 -
One of the obstacles to an acquisition is that the offers never make it to the board. They tend to come first through the target's CEO, who stands to lose a job (and compensation) in any sale.
May 2 -
Bryn Mawr Trust Company in Pennsylvania is expanding its banking operations into Delaware to go along with its wealth management business there.
May 2 -
EverBank Financial in Jacksonville, Fla., has reduced the size of its planned initial public offering, saying in an SEC filing it will offer 19.2 million shares to the public at $11 to $12 each, not the 12 to $14 each initially planned.
May 2 - PSO content
Fulton County, Ga. officials have hired four debt-collection agencies to pursue some $7 million in past-due fines and fees.
May 2 -
LAS VEGAS — Troubled Silver State Schools CU said this afternoon it lost another $3.5 million for the first quarter, erasing all of its remaining net worth and leaving it only with the emergency assistance provided by its private deposit insurer ASI.
May 1



