Industry News
Industry News
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Umpqua Holdings (UMPQ) in Portland, Ore., is continuing to expand across California. The $11.5 billion-asset company said Monday that it plans to open a center in Templeton, Calif., in January to make loans to agricultural customers.
November 5 -
Bank of Hays has agreed to buy Farmers' State Bank of Jetmore, Kan.
November 5 -
Eagle Bancorp and Camco Financial both announced capital deals last week, but for entirely different reasons. Eagle is experiencing strong growth, while Camco is still recovering. Deal advisors say the companies represent the two types of capital raises taking place right now.
November 5 -
Goldman Sachs (GS) is asking the U.S. Supreme Court to overturn a lower-court decision involving securities backed by residential mortgages the company says would cost financial firms tens of billions of dollars.
November 5 -
Bank of Virginia (BOVA) in Midlothian has extended its rights offering deadline because of the aftermath of Hurricane Sandy.
November 5 -
More than half of community bankers think they’ll be involved in a deal within the next two years, either as a buyer or a seller, according to a survey by KPMG.
November 5 -
Stifel Financial (SF) in St. Louis has agreed to buy KBW (KBW) for more than $575 million in cash and stock.
November 5 -
Stifel Financial Corp. said it agreed to buy KBW Inc. in a cash-and-stock transaction valued at $575 million.
November 5 -
Camco Financial (CAFI) in Cambridge, Ohio, has processed the rights subscriptions for roughly $9.4 million of its common stock.
November 2 -
First Republic Bank in San Francisco has agreed to buy Luminous Capital Holdings. Luminous, an independent wealth advisor based in Los Angeles, provides investment advice and asset allocation, including alternative investments, to high-net-worth individuals, family offices and foundations.
November 2 -
Fewer loan losses and added fees provided a spark to third-quarter results at Park Sterling (PSTB) in Charlotte, N.C.
November 2 -
CertusBank in Greenville, S.C., plans acquire the small business lending operations of a struggling Georgia bank.
November 1 -
BB&T's decision to open 30 branches makes sense as big banks battle for commercial customers, especially in an expensive market for acquisitions like Texas.
November 1 -
Oriental Financial Group in San Juan, Puerto Rico, has priced its public offering of preferred shares that will help fund its purchase of Banco Bilbao Vizcaya Argentaria's Puerto Rican operations.
November 1 -
Banks in areas hit hard by Hurricane Sandy have re-opened most of their branches. Now some of them are opening their checkbooks, too.
November 1 -
Portfolio Recovery Associates, a Norfolk, Va.-based debt buyer, reported strong results for the third quarter ended Sept. 30, including increases in cash collections, net income and revenue.
November 1 -
First BanCorp in San Juan, Puerto Rico, reported its second straight quarterly profit. The company earned $19.1 million in the third quarter, compared with a net loss of $24 million a year earlier.
November 1 -
BB&T is planning to more than double its branch network in Texas by opening 30 new offices in the state’s four largest metropolitan markets.
November 1 -
The National Credit Union Administration has liquidated Women's Southwest Federal Credit Union in Dallas.
November 1 -
National 1st Credit Union has agreed to acquire San Jose Credit Union.
November 1


