M&A
M&A
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A breakdown of M&A announcements in the financial services industry for the week ended November 10.
November 14 -
Trillium Asset Management and AFSCME Employees Pension Plan complain that Citigroup's stock price is still too low and it needs to explore the sale of additional business units.
November 14 -
U.S. Bancorp is beefing up its business that administers funds on behalf of investment managers with a deal to buy AIS Fund Administration, a provider of administration services for hedge funds.
November 14 -
State and federal banking regulators encouraged the merger deal between Crescent State Bank and VantageSouth for safety and soundness and other reasons, a proxy filing says.
November 13 -
Great Southern Bancorp in Springfield, Mo., is bucking an industry trend toward fee-based lines of business in agreeing to sell its insurance and travel units.
November 13 -
First York Ban Corp in York, Neb., has agreed to acquire Glenvil Cooperative Credit Union, in a rare acquisition of a credit union by a bank.
November 13 -
CIT Group (CIT) in Livingston, N.J., has launched a unit that will originate and underwrite financing for seafaring vessels.
November 13 -
Lawsuits that charge Goldman Sachs (GD) and Deutsche Bank (DB) with misleading mortgage investors may proceed, a federal judge in Manhattan has ruled.
November 13 - PSO content
Collection agency iQor Inc. plans to move 500 jobs from a site near Columbus, Ohio to New Albany, Ohio, then add another 300 full-time jobs at the location through 2017.
November 13 -
Polonia Bancorp in Huntingdon Valley, Pa., has finished its stock offering and second-step conversion to a stock-owned company.
November 12 -
American International Group (AIG), which stands to join a list of financial institutions deemed too big to fail, may be looking to unload its thrift unit.
November 12 -
Investors Bancorp (ISBC) will cut 31 jobs at Marathon National Bank of New York, about a month after it completed its acquisition of the formerly Greek-owned bank.
November 12 -
Leucadia National Corp. agreed to buy the portion of Jefferies Group Inc. it doesn't already own for about $2.76 billion.
November 12 -
The board of 1st Mariner Bancorp has withdrawn from a long delayed securities purchase agreement with a New York investment firm that would have injected badly needed capital into the Baltimore company.
November 9 -
Stifel CEO Ronald Kruszewski and KBW CEO Thomas Michaud discuss how the two investment banks complement each other and give their outlook on bank M&A.
November 9 -
President Obama's re-election will speed up implementation of Dodd-Frank, increasing regulatory burden and potentially spurring some bankers to finally sell.
November 9 -
Community & Southern Holdings has agreed to acquire a branch in metro Atlanta from Ameris Bancorp.
November 9 -
The bank for Great Southern Bancorp (GSBC) in Springfield, Mo., has agreed to sell its travel agency and insurance units so it can focus on its core business.
November 9 -
California Republic Bancorp (CRPB) in Newport Beach, Calif., has completed a securitization of nearly $183 million of prime indirect automobile loans.
November 8 -
BankFinancial (BFIN) in Burr Ridge, Ill., is considering an aggressive plan to scrub its balance sheet of troubled assets by the end of the year.
November 8


