Industry News
Industry News
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Iberiabank in Lafayette, La., will record a $32 million charge for the first quarter because of delays in the repayment of loans it bought from failed banks.
April 15 -
Chemical Financial (CHFC) in Midland, Mich., reported higher first-quarter profit because of an increase in fee income.
April 15 -
Record mortgage revenue and more lending helped M&T Bank (MTB) raise profits 33% in the first quarter.
April 15 -
BNC Bancorp (BNCN) in High Point, N.C., is remaking its executive staff with a half-dozen new appointments.
April 12 -
FirstMerit (FMER) in Akron, Ohio, said Friday that it has completed its purchase of Citizens Republic Bancorp in Flint, Mich.
April 12 -
Shareholders for M&T and Hudson City will meet next week to vote on the banks' merger, though a Fed review of M&T's anti-money-laundering compliance could throw a wrench in the works.
April 12 -
M&T Bank's purchase of Hudson City Bancorp faces a lengthy delay after regulators raised concerns about M&T's compliance with anti-money-laundering rules.
April 12 -
Encore Capital Group will proceed with the acquisition of Asset Acceptance Capital Corp. after certain closing conditions were met and a possible third-party buyer backed away.
April 12 -
Canadian Imperial Bank of Commerce agreed to buy Atlantic Trust Private Wealth Management from Invesco Ltd. for $210 million to expand its wealth-management business in the U.S.
April 11 -
The Bellevue, Wash., bank has done fine on its own, but decided to buy a smaller version of itself in hopes of boosting market value. And its CEO says he's not done dealing.
April 11 -
A fight over board seats at South Street Financial pits the company's management against the president and CEO of a bank in Pennsylvania.
April 11 -
Portnoff Law Associates will pursue an estimated $135,000 in delinquent monthly sewer bills for a Pennsylvania sewer authority.
April 11 -
In an eventful earnings announcement, the company also reported a big jump in profits and disclosed more details about a fraud scheme perpetrated by a warehouse-lending partner.
April 11 -
AmericanWest Bank in Spokane, Wash., has promoted an insider to oversee its expansion into Oregon and northern California.
April 10 -
CrossFirst Holdings in Leawood, Kan., has wrapped up a $22 million private placement.
April 10 -
Goldman Sachs (GS) has made a deal with a union-supported investment group to let Chief Executive Lloyd Blankfein remain chairman of the board, Reuters reported Wednesday.
April 10 -
Stieven, who has followed banks 30 years, managed a portfolio teeming with bank buyers. Still, he cautions against deals that only build scale.
April 10 -
Big banks and their CEOs are facing lots of questions at their upcoming shareholder meetings, but the stakes might be higher for community and regional banks.
April 10 -
Bank of Montreal, Canada's fourth-biggest lender, intends to add 1 million customers annually, Chief Executive Officer William Downe said.
April 10 -
"Financial literacy" typically means educating the unbanked. For Wells Fargo's David Carroll, it means turning the already-banked into prospective wealth-management clients.
April 10





