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Atlantic Bay Mortgage Group has agreed to buy a majority stake in Virginia Community Bank in a rare instance of a nondepository mortgage company buying a bank, rather than the reverse.
July 26 -
While overall activity remains slow, sellers — particularly those flush with core deposits — are fetching premiums not seen in years.
June 29 -
Seven banks have agreed to be sold to credit unions in the last 18 months. Expect more deals as both industries face internal and external pressure.
June 15 -
The $701 million acquisition will make Union the biggest community bank based in Virginia.
May 22 -
Brent Beardall, who recently took the helm at Washington Federal, discusses having excess capital, myriad potential fintech partners and why he would tweak — not repeal — Dodd-Frank.
May 11 -
Merger-related expenses cut into the Pittsburgh company's earnings, though management is excited about growth opportunities in North Carolina.
April 25