M&A
M&A
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Alliance Bankshares (ABVA) has received almost all of the votes it needs to approve its sale to WashingtonFirst Bankshares.
December 14 -
Martin A. Steele will manage its commercial lending, cash management-treasury services and investment services, HomeStreet said Thursday.
December 14 -
First Bank has agreed to sell eight of its 19 branches in Florida to the $521 million-asset HomeBanc in Lake Mary, Fla., First Bank said Thursday. It will also close another three branches, two in Hillsborough County and one in Pasco County.
December 14 - WIB PH
The nation's largest custody bank said Friday that it has named Karen Peetz president amid a series of executive appointments that take effect Jan. 1.
December 14 -
After a stock offering fell short of expectations, Sierra Vista Bank (SVBA) in Folsom, Calif., plans to raise about $1.7 million through a securities purchase agreement with Taylor International Fund.
December 13 -
Synovus, a Georgia-based company, and CEO Kessel Stelling should be able to devote more resources to loan growth, industry observers say.
December 13 -
TCF Financial (TCB) in Wayzata, Minn., plans to raise $100 million by selling preferred equity at $25 a share.
December 13 -
The Treasury said Thursday that it should gross about $23.8 million from auctioning stakes in seven participants in the Troubled Asset Relief Program. The expected proceeds would represent a 9% discount from the nearly $26 million that the government originally invested in those banks.
December 13 -
MetLife, the global life insurer, said Wednesday that the Office of the Comptroller of the Currency has conditionally approved the company's deal to sell $6.5 billion in deposits from MetLife Bank to GE Capital Retail Bank (GE), GE's consumer-lending arm.
December 13 -
Synovus Financial in Columbus, Ga., has sold roughly $530 million of problem assets and expects to take a pretax charge of $155 million tied to the move.
December 13 - PSO content
Debt buyer Midland Funding will pay Minnesota $500,000 to settle a lawsuit filed by the state that charged the firm with robo-signing affidavits in collection lawsuits.
December 13 -
BB&T (BBT) has created a new south Texas region and named a longtime employee as its president.
December 12 -
The good cop-bad cop routine works in bank M&A, says Prosperity CEO David Zalman, who misses his "good guy" Dan Rollins, who left for BancorpSouth.
December 12 -
Prosperity Bancshares in Houston sees Oklahoma as a nearby, familiar market with ample growth room and pledges more acquisitions after its $194 million deal for Coppermark Bancshares in Oklahoma City.
December 11 -
Astoria Financial (AF) could be a likely takeover target because of its recent emphasis on multifamily lending and a stock that is trading at a discount.
December 11 -
Amerasia Bank in New York has agreed to buy a troubled community bank in Florida. The $291 million-asset bank will acquire Great Eastern Bank of Florida, says Jimmy Tsai, Amerasia's chief operating officer.
December 11 -
The Treasury Department is scheduled on Tuesday to auction warrants to purchase 1.2 million shares of common stock in M&T Bank.
December 11 -
Prosperity Bancshares (PB) in Houston has agreed to buy Coppermark Bancshares in Oklahoma City, Okla., for $193.9 million in cash and stock.
December 10 -
The $5.8 billion-asset holding company of Chemical Bank in Midland, Mich., said Monday it has completed its $8.1 million purchase of 21 branches from Independent Bank (IBCP) in Ionia, Mich.
December 10 -
The $1.75 billion-asset company disclosed late last week that its purchase agreements with ValStone Partners, a private-equity firm in Michigan, had been terminated. Calls to Capitol (CBCRQ) and ValStone were not immediately returned.
December 10



