M&A
M&A
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Triumph Bancshares in Memphis says it has been mistakenly contacted by customers of Triumph Bancorp in Dallas, and has concluded that the Triumph moniker isn't big enough for both institutions. It's hoping a lawsuit will force the Texas bank to change its name.
May 12 -
Deutsche Bank has hired the former president of the Clearing House Association to take charge of its stress testing process.
May 12 -
The chief executive of CertusBank in Greenville, S.C., has officially stepped down after undergoing heart surgery.
May 12 -
MoneyGram has renewed its relationship with Minnesota's Bremer Bank to assist with its check services.
May 12 -
A breakdown of M&A announcements in the financial services industry for the week ended May 9.
May 11 -
First Commonwealth Bank in Indiana, Pa., has agreed to buy First Community Bank in Columbus, Ohio, for about $15 million in cash.
May 11 -
Top-performing community banks have found different ways to provide double-digit returns, despite numerous challenges facing the banking industry.
May 10 -
Looking past standard gauges of return on equity and return on assets, bank investors have wide opinions on what makes a bank a high-performing institution relative to peers.
May 10 -
The Illinois Department of Financial & Professional Regulation closed the $90 million-asset Edgebrook Bank in Chicago on Friday.
May 8 -
CertusBank's chief executive, who joined the Greenville, S.C., company after its founders were fired last year, has left his post due to a medical issue.
May 8 -
Visa, the world's largest payments network, is in preliminary talks to buy former subsidiary Visa Europe Ltd. in a deal that may be valued at as much as $20 billion, people with knowledge of the matter said.
May 8 -
Investors have varied expectations of how banks should build and deploy capital. Ultimately, management teams need to stick to their growth plans rather than serve the whims of specific shareholders.
May 8 -
Solus Alternative Asset Management LP took over a $146 million loan issued by Puerto Rico's cash-strapped power utility from a division of Citigroup Inc., according to documents published by the island's development bank.
May 8 -
Baylake Corp. in Sturgeon Bay, Wis., has agreed to buy New Bancshares in Kewaunee, Wis.
May 8 - Illinois
Parkway Bancorp in Harwood Heights, Ill., has agreed to buy Park Bancorp in Chicago.
May 8 -
First Citizens BancShares in Raleigh, N.C., reported higher earnings on the backs of two acquisitions.
May 7 -
A community development venture in the District of Columbia supported by Citigroup, government officials and local financial institutions has partnered with loan marketplace Biz2Credit to facilitate loans to small businesses.
May 7 -
The company recently completed its purchase of Central Bancshares. Following a methodically spaced-out integration, management expects it will be in a special position to do more deals in the state because MidWestOne is publicly traded.
May 7 -
Elmira Savings Bank in New York has repurchased a warrant from the federal government that had been issued as part of the Troubled Asset Relief Program during the financial crisis.
May 7 - Arkansas
Bank of the Ozarks in Little Rock, Ark., has agreed to buy Bank of the Carolinas in Mocksville, N.C.
May 7





