Industry News
Industry News
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New York banking regulator Benjamin Lawsky's latest crackdown on Ocwen Financial may undo Ocwen's deal to buy billions of dollars of mortgage-servicing rights from Wells Fargo, and it could complicate similar deals involving other banks and servicers.
October 22 -
First Midwest Bancorp in Itasca, Ill., reported a significant decline in quarterly earnings on costs tied to two acquisitions.
October 22 -
PacWest Bancorp in Los Angeles reported higher quarterly earnings, driven by asset gains from a recent acquisition.
October 22 -
F.N.B. Corp., in Hermitage, Pa., reported higher quarterly earnings that reflected several recent acquisitions.
October 22 -
New York Community Bancorp may have put the brakes on overall balance sheet growth, but its commercial and industrial lending operation in Boston is thriving.
October 22 -
Presidio Bank in San Francisco has raised $9.5 million through a private placement.
October 22 -
Hudson City Bancorp in Paramus, N.J., reported lower quarterly profit as its balance sheet continues to shrink.
October 22 -
Pacific Premier Bancorp in Irvine, Calif., has agreed to buy Independence Bank in Newport Beach, Calif.
October 22 -
First Horizon National in Memphis, Tenn., has agreed to buy TrustAtlantic Financial in Raleigh, N.C.
October 22 -
A breakdown of M&A announcements in the financial services industry for the week ended Oct. 18.
October 21 -
CNB Financial reported higher quarter earnings after buying FC Bancorp in Ohio. The $2.2 billion-asset company reported an 18% increase in third-quarter earnings from a year earlier, to $5.5 million.
October 21 -
The $2.9 billion-asset company's third-quarter earnings more than tripled from the second quarter, which included upfront merger-related expenses, and rose 72% from a year earlier, to $5.9 million.
October 21 -
The Mississippi company withdrew two merger applications in August after the FDIC targeted its Bank Secrecy Act compliance. Management says it has made significant progress and is looking forward to a follow-up exam early next year.
October 21 -
Wilshire Bancorp in Los Angeles reported higher quarterly profit that was boosted by recent acquisitions.
October 21 -
ServisFirst Bancshares in Birmingham, Ala., has agreed to buy Metro Bancshares in Atlanta.
October 20 -
BNC Bancorp in High Point, N.C., increased profits by nearly two-thirds thanks to higher net interest income and other factors.
October 20 -
PL Capital, upset that Metro Bancorp refuses to sell itself, has launched a proxy battle to gain two board seats at the Harrisburg, Pa., company.
October 20 -
The $1.5 billion-asset company disclosed in a regulatory filing Monday that Kathryn Pemble had become its Florida market president.
October 20 -
Riverview Bancorp in Vancouver, Wash., is facing pressure from a large investor to sell itself.
October 20 -
Bank of Marin Bancorp in Novato, Calif., reported a significant increase in quarterly profit following an acquisition and organic growth.
October 20


