M&A
M&A
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Officials say the decision to call off the acquisition, first announced in January, was mutual.
September 6 -
President Andres Manuel Lopez Obrador is making it very difficult for Citigroup to fetch a price even vaguely close to the $12.5 billion it paid for the bank two decades ago.
September 1 -
The acquisition of Central Financial, expected to close in the first quarter of 2023, would create a bank with more than $10 billion of assets.
August 31 -
The pending deal will help keep the Canadian bank's funding costs low, since Bank of the West has a strong core deposit portfolio, executives said Tuesday. BMO is sticking with its year-end timeline for closing the acquisition.
August 30 -
Credit unions in Georgia, Virginia and Mississippi plan to combine, creating an institution with $216 million of assets.
August 30 -
The Houston banks have set a new deadline of Nov. 1 to finalize their deal, marking yet example of banks' facing a longer-than-expected decision process by the Federal Reserve. CBTX's chief said last month the wait has been "very frustrating."
August 26 -
Barstow Community Credit Union, which is merging with the much larger Frontwave, has seen a string of losses in recent years.
August 26 -
The Canadian bank, which reported its quarterly earnings Thursday, recorded $22 million in charges related to its acquisition of First Horizon. Executives say they still expect the deal to close no later than January.
August 25 -
The combination of Klamath Public Employees Federal Credit Union and Pacific Crest Federal Credit Union would create an organization with more than $335 million of assets and roughly 24,000 members.
August 25 -
The Center for Responsible Lending, the Woodstock Institute and other left-leaning groups argue that the $13.4 billion merger will harm low-income communities, reduce small-business lending and add to systemic risk.
August 24 -
The acquisition of Town and Country Financial would provide the buyer entrance into Springfield and St. Louis Metro East.
August 23 -
The deal has received regulatory approval but is awaiting a vote by East Allen members, the organizations said.
August 23 -
The North Carolina bank bought technology from Zaloni in an effort to boost data collection, metadata management, advanced analytics, artificial intelligence and machine learning.
August 22 -
The credit union's CEO said a state judge supported the regulatory opposition to its bid to acquire Premier Bank in Omaha, effectively killing the deal.
August 19 -
The seller, Farmers Bankshares, has $609 million of assets and eight branches.
August 18 -
Corporations are navigating shifting geopolitics, and M&A bankers are advising them as they consider selling off faraway units and focusing more on assets closer to home or in friendlier countries.
August 17 -
In their public battles over the issue of credit union buyouts of banks, bankers and credit union executives are forgetting to ask some key questions.
August 17 -
The Sunshine State has been a hot spot for transactions involving credit unions buying community banks in recent years, and Harvesters Credit Union is furthering this trend with a deal for First National Bank Northwest Florida.
August 15 -
The West Virginia bank said its acquisition of Integrated Financial Holdings in North Carolina would give it SBA and USDA lending teams that have originated more than $1 billion of loans since 2018.
August 12 -
The rating agency has revised the long-term issuer default rating for PacWest Bancorp and its banking subsidiary, Pacific Western Bank, from "BBB" to "BBB-" and says it doesn't expect the bank's common equity Tier 1 ratio to bounce back anytime soon.
August 11




















