M&A
M&A
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The addition of investment bank Capstone Partners and the wider geographic footprint that resulted from the acquisition of TCF Financial helped drive a 58% increase in net income during the third quarter.
October 21 -
U.S. Bank's new M&A closing date, and new rewards card, and more in banking news this week.
October 21 -
Grupo Financiero Banorte is out of the running for the purchase of Citigroup's Banamex Mexican unit.
October 21 -
The Cincinnati bank reported strong growth from Dividend Finance, which offers renewable energy loans, and Provide, which lends money to health care professionals. The two units were bright spots as the company's net income dropped by 7.2%.
October 20 -
The Washington-based bank is looking to create a Pacific Northwest powerhouse by acquiring Umpqua. The companies are waiting for green lights from the Federal Deposit Insurance Corp. and the Federal Reserve.
October 20 -
Bank of Princeton in New Jersey said it would pay $25 million in cash to acquire Noah Bank, whose former CEO was convicted on charges that included bank bribery and theft.
October 20 -
Citizens Financial said it would pay $67.4 million to buy HV Bancorp, the holding company for Huntingdon Valley Bank, in a bid to expand in Greater Philadelphia.
October 19 -
The parent of City National Bank of West Virginia said it would pay $61 million in stock to acquire Citizens Commerce Bancshares.
October 19 -
The Boston company said Tuesday that its $3.5 billion acquisition of Brown Brothers Harriman's investor service business is facing pushback from regulators. The deal's completion is now in doubt even though State Street has come up with a number of modifications, including lowering the purchase price.
October 18 -
The potential sale comes as Credit Suisse prepares to unveil a turnaround to investors next week. The bank is looking to simplify and pare down following scandals and losses.
October 17