Industry News
Industry News
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Bank M&A activity has been slow this year outside of an occasional spurt, and the deals have been relatively modest. Stubborn sellers, strict regulators and renewed stock market volatility are among the obstacles.
June 17 -
First BanCorp (FBP) has traveled a bumpy road to recovery but top management hopes a clear strategy will help the San Juan, Puerto Rico, company complete its turnaround.
June 17 -
The chairman and CEO of JPMorgan Chase has spent months fending off critics of his leadership skills. Now he's dispensing advice about those skills on LinkedIn.
June 17 -
Ocwen's agreement to buy $78 billion in mortgage servicing rights from OneWest is part of a string of deals by it and other nonbanks meant to wring value from remnants of the mortgage meltdown that many banks seek to unload.
June 14 -
Rough calculations reveal that the Greensboro, N.C., company could be pledging nearly $2 million in tangible common equity to back Security Savings' assets.
June 14 -
The $625 million-asset BNCF Financial will pay about $5 million in cash for the $75 million-asset Wilton. BNC Financial said it expects no tangible book value dilution after the deal is completed.
June 14 -
F.N.B. Corp. in Hermitage, Pa., has agreed to buy BCSB Bancorp in Baltimore in a stock transaction valued at $79 million, or $23.77 a share. The acquisition is the company's third in less than eight months.
June 14 -
JPMorgan Chase (JPM) plans to break off its private-equity unit as an independent firm as the business raises a new fund backed by outside investors.
June 14 -
Prudential Bancorp in Philadelphia is planning a second-step conversion.
June 14 -
The Atlanta mortgage servicer said Thursday it would buy $78 billion in unpaid principal balances of mortgage servicing rights using a combination of cash and available credit.
June 13 -
NewBridge Bancorp (NBBC) in Greensboro, N.C., is acquiring a cash-strapped mutual at the behest of state regulators.
June 13 -
Goldman Sachs chief executive Lloyd Blankfein said regulators will not shy away from using their new "orderly liquidation authority" in the next crisis.
June 13 -
A German court weighed in on a bank mishap that gives new meaning to the term "you snooze, you lose."
June 13 -
West Bancorp. recently took out a loan to buy back 8% of its common stock, while BNC Bancorp used borrowed funds to exit Tarp.
June 13 -
Security State Bank has agreed to buy Security State Bank in a deal that could eliminate some brand confusion in central Iowa.
June 13 -
Parallon, a healthcare industry business and operational services provider, announced this week that it will acquire The Outsource Group, a healthcare revenue cycle management firm.
June 13 -
PNC Financial Services, the second-largest U.S. regional bank, faces the same decision on its 21 percent stake in BlackRock that confronts many individual investors: sell or hold?
June 13 -
Heartland Financial USA in Dubuque, Iowa, has agreed to buy Morrill Bancshares in Merriam, Kan.
June 13






