Mergers and acquisitions | American Banker

Compliance

NCUA extends comment period for credit union-bank purchase proposal

The regulator formally announced the 60-day delay on Monday after tweeting about it over the weekend.

By Aaron Passman

March 30

Community banking

North Carolina investment group buying Tennessee bank

The acquirer had pursued a de novo strategy in its home state but was unable to raise enough capital.

By Paul Davis

March 30

Regulatory relief

Banks to get new tools after Trump signs coronavirus relief bill

The $2 trillion stimulus package, which the House passed earlier in the day, aims to expand Federal Reserve liquidity resources and provide financial institutions with some regulatory relief.

By Neil Haggerty

March 27

"We want to demonstrate that we do care for the American people in every way," House Speaker Nancy Pelosi said of the passage of the Coronavirus Aid, Relief, and Economic Security, or CARES.

Regulatory relief

Coronavirus stimulus package: What do banks need to know?

The $2 trillion deal passed by the Senate late Wednesday would aim to put banks and consumers alike on stronger financial footing as they weather the coronavirus pandemic.

By Neil Haggerty

March 25

Policymakers agreed early Wednesday morning on a roughly $2 trillion package as Congress prepares to vote on the biggest aid package for businesses since the 2008 bank bailout in the midst of the financial crisis.

Corporate governance

Banks improvise annual meeting plans as pandemic worsens

The COVID-19 crisis is forcing many banks to hold their spring shareholder meetings online only.

By Allissa Kline

March 24

Online annual meetings due to coronavirus

Community banking

New York banks delay merger closing due to coronavirus outbreak

Flushing Financial, which had planned to complete its purchase of Empire Bancorp in early April, has moved its target date back by about two months.

By Paul Davis

March 23

Community banking

Coronavirus outbreak forces VSB to delay vote on sale to Northfield

The New York company moved its April shareholder meeting to June because of the pandemic.

By Paul Davis

March 21

CRA

Will OCC plan silence some critics of bank M&A?

Groups often will oppose mergers on Community Reinvestment Act grounds. But the proposal would tighten standards for when the agency includes “adverse comments” in the process.

By Brendan Pedersen

March 19

Community groups focus on CRA activities as the basis to submit adverse comments about a pending merger. Last July, the NCRC secured a $60 billion community benefit plan from BB&T and SunTrust Bank before they completed their merger to become Truist.

M&A

Coronavirus emerges as risk factor for pending bank mergers

First Horizon, Pacific Premier and South State are warning in regulatory filings that the pandemic could complicate deals that have not been completed.

By Paul Davis

March 16

Community banking

Bank M&A was already slowing down. Then the pandemic hit.

Coronavirus concerns, along with the Fed's emergency rate cut and an erratic stock market, have forced most bankers to take pause and reassess potential deals.

By Ken McCarthy

March 13