M&A
M&A
-
Grupo Financiero Banorte is out of the running for the purchase of Citigroup's Banamex Mexican unit.
October 21 -
The Cincinnati bank reported strong growth from Dividend Finance, which offers renewable energy loans, and Provide, which lends money to health care professionals. The two units were bright spots as the company's net income dropped by 7.2%.
October 20 -
The Washington-based bank is looking to create a Pacific Northwest powerhouse by acquiring Umpqua. The companies are waiting for green lights from the Federal Deposit Insurance Corp. and the Federal Reserve.
October 20 -
Bank of Princeton in New Jersey said it would pay $25 million in cash to acquire Noah Bank, whose former CEO was convicted on charges that included bank bribery and theft.
October 20 -
Citizens Financial said it would pay $67.4 million to buy HV Bancorp, the holding company for Huntingdon Valley Bank, in a bid to expand in Greater Philadelphia.
October 19 -
The parent of City National Bank of West Virginia said it would pay $61 million in stock to acquire Citizens Commerce Bancshares.
October 19 -
The Boston company said Tuesday that its $3.5 billion acquisition of Brown Brothers Harriman's investor service business is facing pushback from regulators. The deal's completion is now in doubt even though State Street has come up with a number of modifications, including lowering the purchase price.
October 18 -
The potential sale comes as Credit Suisse prepares to unveil a turnaround to investors next week. The bank is looking to simplify and pare down following scandals and losses.
October 17 -
ING said it is aware of the Payvision probe but is not itself a subject of this investigation.
October 17 -
Third-quarter results at the Minneapolis bank were powered by loan growth and rising interest rates, partially offset by lower noninterest income. Shortly after the company released its earnings report, it received regulatory approval for its acquisition of MUFG Union Bank.
October 14 -
The regulators laid out several measures that would change how large but not global systemically important banks capitalize and structure themselves.
October 14 -
The Southern California branches will be sold to HomeState Bank, a Seattle-based community bank. The Department of Justice required the sale as part of U.S. Bancorp's pending acquisition of MUFG Union Bank.
October 13 -
Voyager Digital Ltd. creditors are taking issue with plans to provide the crypto lender's directors and officers with immunity from lawsuits tied to its descent into bankruptcy.
October 13 -
There were 37 deals announced in the third quarter, well below the 64 announced in the same period of 2021, according to a Raymond James analysis. Uncertainty over the November election is just the latest factor slowing mergers and acquisitions.
October 13 -
Inflation, war in Ukraine and the fallout from the pandemic have all had companies calling their bankers to discuss M&A and other corporate moves. Here's how the geopolitical landscape is affecting banks and the clients they serve.
-
Prosperity will pay $341.6 million for First Bancshares of Texas and $228.7 million for Lone Star State Bancshares. Both deals are slated to close early next year.
October 11 -
The Pittsburgh-based parent of First National Bank of Pennsylvania plans to close its $117 million buyout of UB Bancorp in December.
October 6 -
HSBC Holdings is exploring a sale of its operations in Canada, the latest move to streamline the lender that is seeking to head off a call by its largest shareholder to split up.
October 4 -
Taichung Commercial Bank said it would pay $82.1 million to buy American Continental Bancorp in suburban Los Angeles.
October 3 - AB - Policy & Regulation
Federal Reserve Gov. Michelle Bowman said a shifting landscape has made it difficult for community banks to compete. She called for bank merger reform to make community bank M&A easier.
September 28





















