M&A
M&A
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Barstow Community Credit Union, which is merging with the much larger Frontwave, has seen a string of losses in recent years.
August 26 -
The Canadian bank, which reported its quarterly earnings Thursday, recorded $22 million in charges related to its acquisition of First Horizon. Executives say they still expect the deal to close no later than January.
August 25 -
The combination of Klamath Public Employees Federal Credit Union and Pacific Crest Federal Credit Union would create an organization with more than $335 million of assets and roughly 24,000 members.
August 25 -
The Center for Responsible Lending, the Woodstock Institute and other left-leaning groups argue that the $13.4 billion merger will harm low-income communities, reduce small-business lending and add to systemic risk.
August 24 -
The acquisition of Town and Country Financial would provide the buyer entrance into Springfield and St. Louis Metro East.
August 23 -
The deal has received regulatory approval but is awaiting a vote by East Allen members, the organizations said.
August 23 -
The North Carolina bank bought technology from Zaloni in an effort to boost data collection, metadata management, advanced analytics, artificial intelligence and machine learning.
August 22 -
The credit union's CEO said a state judge supported the regulatory opposition to its bid to acquire Premier Bank in Omaha, effectively killing the deal.
August 19 -
The seller, Farmers Bankshares, has $609 million of assets and eight branches.
August 18 -
Corporations are navigating shifting geopolitics, and M&A bankers are advising them as they consider selling off faraway units and focusing more on assets closer to home or in friendlier countries.
August 17 -
In their public battles over the issue of credit union buyouts of banks, bankers and credit union executives are forgetting to ask some key questions.
August 17 -
The Sunshine State has been a hot spot for transactions involving credit unions buying community banks in recent years, and Harvesters Credit Union is furthering this trend with a deal for First National Bank Northwest Florida.
August 15 -
The West Virginia bank said its acquisition of Integrated Financial Holdings in North Carolina would give it SBA and USDA lending teams that have originated more than $1 billion of loans since 2018.
August 12 -
The rating agency has revised the long-term issuer default rating for PacWest Bancorp and its banking subsidiary, Pacific Western Bank, from "BBB" to "BBB-" and says it doesn't expect the bank's common equity Tier 1 ratio to bounce back anytime soon.
August 11 -
Rising interest rates, lower stock prices and other headwinds have caused many banks to pump the brakes on dealmaking. But some are betting that these trends will be too short-lived to deter them from engaging in mergers and acquisitions.
August 10 -
Chairman and CEO Craig Dwight is counting on the Indiana company's new president, Thomas Prame, to pursue nonbank acquisition targets after it scooped up more than a dozen banks in the past decade.
August 9 -
Tom Speir, a 13-year company veteran, will be in charge of merger and acquisition efforts at the Alabama bank.
August 8 -
The serial acquirer agreed to pay $488.6 million for Professional Bank, which operates in areas of South Florida that have seen an influx of business activity since the start of the pandemic.
August 8 -
Thomas Prame is leaving Old National Bancorp, which recently merged with his former employer First Midwest Bancorp, to join a smaller rival with aggressive growth plans.
August 5 -
A letter from Democratic senators seeking new details about unauthorized accounts is the latest political headwind for the Minneapolis bank. It comes on the heels of a $37.5 million fine by the Consumer Financial Protection Bureau.
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