InterCept Inc.'s shareholders have approved its $408.2 million acquisition by Fidelity National Financial Inc.
The beleaguered financial processor announced the shareholder approval Monday and said it would start doing business as a Fidelity National unit today. The shareholders will receive $18.90 a share in cash from Fidelity National, of Jacksonville, Fla.
The Mississippi lender's pending acquisition of OFB Bancshares, the parent company of One Florida Bank, offers an entry point into the fast-growing Orlando market.
At some banks, executives are overpromising results and putting tremendous pressure on tech teams, leading to a range of problems.
Fund managers are seeking to change the way banks think about Community Reinvestment Act investing.
As short-term liquidity products gain popularity with consumers, credit unions are looking for new ways to keep their members from looking elsewhere.
Columbia caught the attacker still inside its systems on Dec. 19, three days before the access window closed, then took four months to notify customers.
Unlike several other large banks, neither Citi nor Citizens Financial Group is interested in expanding their retail branch presence beyond their existing footprints. Both say they see plenty of growth opportunities in those markets.
