Industry News
Industry News
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Lorraine Miller, MidSouth Bancorp's director of mergers and acquisitions, has added the role of treasurer, but the company says her new duties are not a signal it would stop hunting for deals.
February 15 -
PremierWest shareholders are scheduled to vote Tuesday on its proposed sale to the holding company of AmericanWest Bank. At 43% of tangible book value, some of them might be reluctant.
February 15 -
The rates commercial bankers pay for M&A advice were on the rise long before investment banks began to consolidate. Their future direction depends on the pace of bank deals.
February 15 -
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What lies ahead for the top 10 bank marriages and engagements of 2012?
February 15 -
An investor with a history of forming and selling banks has bought a large stake in Liberty Bell, a Philadelphia-area bank.
February 15 -
The merger of the two airlines makes it likely that two rewards programs will become one, leaving the incumbent issuers no choice but to duke it out.
February 15 -
Just days after announcing that it is selling part of its mortgage-servicing business, Ocwen Financial (OCN) agreed to buy the mortgage-lending unit of New York investment bank Gleacher
February 15 -
Banks will unload big volumes of distressed loans this year, the head of PennyMac predicts.
February 15 -
PNC Financial Services Group will promote William Demchak to be its next chief executive, awarding him a long-expected inheritance from current CEO James Rohr.
February 14 -
Changes to product offerings and pricing give the impression that the new bank does not have the customers' best interests at heart. Feeling undervalued is a key emotional reason they defect.
February 14 -
Flagstar Bancorp (FBC) in Troy, Mich., has agreed to sell DocVelocity, its document-imaging business, to mortgage tech company Capsilon.
February 14 -
QCR will pay roughly $20.1 million in cash and stock for the $290 million-asset Community National. The consideration is 70% stock and 30% cash. The companies expect to complete the deal in the second quarter.
February 14 -
Debt buyer Portfolio Recovery Associates (PRA), based in Norfolk, Va., reported Wednesday that profit reached $35.8 million in the fourth quarter ended Dec. 31, up 35% from the year-ago period.
February 14 -
Move over, Wintrust. MB is poised to end its three-year hiatus from dealmaking.
February 13 -
Scott Bauer was the North Carolina company's CEO from its creation to its sale last fall to Capital Bank Financial.
February 13 -
CEO John Kanas is letting rivals know in advance that he's coming to New York — and that he's targeting their employees.
February 13






