M&A
M&A
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Kearny Financial completed its IPO less than a year ago and already it has found itself in the crosshairs of Lawrence Seidman. The well-known activist is pushing for the resignation of several board members he says are overcompensated and is urging shareholders to vote against a proposal on director pay this fall.
April 8 -
Citizens National Bank in Henderson, Texas, has agreed to buy Kilgore National Bank in Kilgore, Texas.
April 8 - Virginia
Hampton Roads Bankshares in Virginia Beach juggled a search for a new chief executive while also arranging for its eventual merger with Xenith Bankshares in Richmond, Va.
April 8 -
American Banker readers share their views on the most pressing banking topics of the week. Comments are excerpted from reader response sections of AmericanBanker.com articles and our social media platforms.
April 8 -
BofI Holding is looking to make more acquisitions and its leader says he doesnt think accusations from a former employee are unlikely to hold up a deal, even though theyve dragged down the stock price.
April 7 -
Fifth Third Bancorp has confirmed that it offered some of its employees buyouts to reduce costs.
April 7 -
Banc of California in Irvine has agreed to sell its wholly owned investment adviser subsidiary, The Palisades Group.
April 7 -
First Interstate BancSystem in Billings, Mont., announced its third deal in two years as it inched closer to $10 billion of assets.
April 6 -
The deal to buy TradeKing would allow the online-only bank to offer wealth-building products to its roughly 1.1 million depositors. The additional low-cost deposits could also help fund loan growth as it looks to expand beyond auto lending and into mortgages and credit cards.
April 6 -
In a more competitive-than-ever industry, sales activity is an important part of bankers' jobs, but it is not the only part.
April 6 -
Financial Institutions in Warsaw, N.Y., is facing a proxy battle from an activist investor intent on taking two board seats.
April 5 -
Wealth management revenue has been a bright spot on bank earnings for the last few years, but regulatory changes to the way advisers can charge for their services will likely dramatically change the business.
April 5 -
JPMorgan Chase, drawing from its experience in the Motor City, has created a $125 million program designed to help community development financial institutions make bigger investments in impoverished neighborhoods.
April 5 - Florida
USAmeriBancorp in Clearwater, Fla., has completed a private placement to institutional investors of $45 million in subordinated notes.
April 5 -
In an interview, FDIC Chairman Martin Gruenberg said the agency will work with banking groups, state commissioners and others to help foster the growth of new banking charters.
April 5 -
Ally Financial announced Tuesday that it had agreed to buy the online brokerage firm TradeKing Group for approximately $275 million. TradeKing, based in Fort Lauderdale, Fla., has roughly $4.5 billion in client assets.
April 5 - Georgia
State Bank Financial in Atlanta has agreed to buy NBG Bancorp in Athens, Ga.
April 5 - Virginia
Union Bankshares in Richmond, Va., has agreed to buy Old Dominion Capital Management in Charlottesville, Va.
April 5 -
DNB Financial in Downington, Pa., has agreed to buy East River Bank of Philadelphia.
April 5 - Massachusetts
The $1.3 billion-asset Westfield said in a press release Monday that it will pay $110 million, or $20.42 a share, in stock for the $800 million-asset Chicopee.
April 4






