M&A
M&A
-
Ag lenders enjoyed solid credit metrics and an increase in farms loans in 2015. Those results could come under pressure this year, requiring bankers to become more vigilant in talking to their agricultural clients.
January 25 -
Regulators and alarmists are targeting a key source of financing on which some of the best-known American companies rely.
January 25 - Ohio
United Community Financial in Youngstown, Ohio, has agreed to buy James & Sons Insurance.
January 25 -
Opus Bank in Irvine, Calif., has agreed to buy Pensco Trust Co. in San Francisco from Pensco Services.
January 25 -
Farmers Capital Bank in Frankfort, Ky., plans to extinguish $15 million of subordinated debt. The $1.8 billion-asset company expects to record a $4.1 million pretax gain during the first quarter from the transaction.
January 22 -
It is too early in the Providence, R.I., bank's turnaround plan to buy another bank, CEO Bruce Van Saun says. Instead, he would rather invest in acquiring commercial, mortgage and other loan officers who can feed revenue while he tries to make the bank more efficient.
January 22 -
The ouster of Cardinal Bankshares' chief executive helped set into motion events that led to the Floyd, Va., companys merger with another banking company.
January 22 - New York
Signature Bank in New York has filed a plan to sell about $299 million in common stock.
January 22 -
Associated Banc-Corp in Green Bay, Wis., reported fourth-quarter earnings of $42.8 million, a 12.2% drop from a year earlier as the company set aside a significantly higher amount of money to address potential problems in its energy portfolio.
January 22 -
Independent Bank Group in McKinney, Texas, has exited the Small Business Lending Fund program.
January 22 -
John Kanas, BankUnited's CEO, said the business never turned a profit, and there were no indications that it would. The company, meanwhile, remains committed to other residential lending operations while focusing on expanding its other businesses across Florida.
January 22 -
Progressives' push for a more drastic overhaul of the industry ignores post-crisis changes that have had an undeniably positive effect.
January 22 -
People's United Financial in Bridgeport, Conn., rode the sale of its payroll services business to a higher profit in the fourth quarter.
January 21 -
At least five regional banks on Thursday discarded concerns about the global economy, stocks, interest rates and credit quality, forecasting loan growth for the rest of this year.
January 21 -
Fourth-quarter earnings reports probably couldn't have been scheduled for a worse time. Banks reported results (and sometimes good ones) right as the markets and the price of oil tanked. The cold reception from investors and analysts is a reminder of how sometimes the analysis of a banks' numbers has little to do with the past quarter, and more to do what's going on right now.
January 21 - New York
KeyCorp believes it can surpass cost-cutting projections tied to its purchase of First Niagara Financial, while BB&T believes market duress could present it with more acquisition opportunities.
January 21 -
Aquesta Financial Services in Cornelius, N.C., has acquired an insurance portfolio from James E. Moore Agency in Wilmington, N.C.
January 21 -
BB&T in Winston-Salem, N.C., plans to shut down an auto leasing business it inherited after buying Susquehanna Bancshares in Lititz, Pa.
January 21 -
ASB Bancorp in Asheville, N.C., has agreed to appoint to its board the activist investor Lawrence Seidman and another representative picked by Seidman.
January 21 - Ohio
KeyCorp reported lower quarterly results that reflected higher expenses and lower fee income.
January 21





