M&A
M&A
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The company is gaining heft in Michigan's Upper Peninsula with its $34 million purchase of First Federal of Northern Michigan.
January 17 -
The company, which bought BNC Bancorp to enter North Carolina last year, recorded $19.1 million in merger-related expenses and an $8.3 million pretax loss tied to investment securities.
January 16 -
The company agreed to buy First Priority Financial for $82 million in stock.
January 16 -
In a move rare for the industry, the bank bought a team of data scientists to bolster its artificial intelligence efforts in areas including product recommendations and fraud prevention.
January 16 -
The activist investor, which has pressured the company in the past to find a buyer, fell short in an attempt last year to gain representation.
January 16 -
The Tennessee company has been buying banks in smaller markets and college towns where it rarely has to compete with financial giants.
January 16 -
Portland FCU will convert to a state charter as part of the merger, and all employees of both institutions are expected to be retained.
January 16 -
Lighthouse Network has acquired payment gateway Shift4 Corp. and will rebrand its company as Shift4 Payments.
January 16 -
The Iowa company was sidelined by a Fed order for 2,155 days. Finally free, Ambank is open to making an acquisition and offering its mortgage origination services to other institutions.
January 12 -
Blue Lion Capital has complained about the company's reliance on mortgages and bank acquisitions.
January 11 -
The company has agreed to pay more than $50 million for United American Bank.
January 11 -
The Kennesaw, Ga.-based company, which targets borrowers with blemished credit records, has acquired LoanHero, which specializes in loans at the cash register.
January 11 -
The bank says it received an “outstanding” rating on its most recent Community Reinvestment Act examination. Its previous rating, a “needs to improve,” not only was bad publicity but restricted its ability to buy banks.
January 10 -
The company, which agreed to pay $58 million for Foundation's parent, will gain five branches in Cincinnati.
January 10 -
In some ways the Canadian bank's U.S. consumer business is only now shaking off many of its crisis-era problems here. CEO Darryl White is pinning his retail-comeback hopes on a rejuvenated sales culture and a focus on more profitable customers.
January 10 -
Banks that have flocked to the business because of higher yields and loan diversity stand to benefit if clients use tax savings to upgrade equipment.
January 10 -
Another tiny credit union is being absorbed by its much larger counterpart in the ongoing consolidation of the industry.
January 10 -
The payments company will pay $321 million for Crestmark Bank, a commercial lender that focuses on asset-based lending, equipment finance and government-guaranteed loans.
January 9 -
United will pay $130 million for NLFC Holdings, the parent company of Navitas Credit.
January 9 -
The merger of Parker Community Credit Union into Educators Credit Union was approved in August 2017 and will go into effect on Jan. 8.
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