M&A
M&A
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Joseph Ficalora, the CEO of New York Community Bancorp, blames the tumble in its shares this week on traders betting against the company ahead of its third-quarter earnings report.
October 25 -
C.G. Kum, the CEO of First California Financial Group, gave inconclusive answers to analysts' questions about whether the $2 billion-asset company can resist shareholder calls to seek buyer.
October 25 -
Experts believe more Tarp participants will fail as the economy plods along, and that investors should keep this in mind when bidding on auctions of the Treasury's Tarp holdings.
October 25 -
Yadkin Valley Financial has raised $45 million through a private placement and said it will use the funds to "complete strategic classified asset disposition sales."
October 25 -
The New York firm led by Joseph Stilwell disclosed stakes in four new thrifts and cashed out of 10 other institutions during the third quarter. Its investments often signal plans to pressure companies to improve shareholder value.
October 25 -
A pickup in lending lifted First California Financial Group (FCAL) in Westlake Village in the third quarter.
October 25 -
Third-quarter income at Susquehanna Bancshares (SUSQ) more than doubled as loan growth soared, partly from two recent acquisitions.
October 25 -
Nationstar Mortgage bid roughly $2.907 billion for the origination and servicing assets of Residential Capital Corp., about $93 million shy of the top bid placed by Ocwen Financial and its partner Walter Investment Management Corp.
October 25 -
General Electric held takeover talks with New Jersey's Hudson City Bancorp shortly before the lender agreed to a $3.7 billion sale to M&T Bank in August, three people with knowledge of the matter said.
October 25 -
A state law that eased restrictions on credit card rates in Ohio influenced the move, the Columbus company said.
October 24 -
Leaders of the largest banks are using third-quarter calls to discuss a reluctance to pursue bank acquisitions. The underlying message? Smaller banks are likely to spur the next big wave of consolidation.
October 24 -
PL Capital recently put Malvern Bancorp and Orrstown Financial on notice that it is watching management's moves, while First Financial Northwest continues to absorb litigation costs months after an investor contested the results of an annual meeting.
October 24 -
Ocwen Financial won a $3 billion auction for Residential Capital's loan-servicing unit, outbidding Nationstar Mortgage as it aims to become the largest non-bank home-loan servicer.
October 24 -
Earnings at the $7.5 billion-asset company in DeWitt, N.Y., fell 8.5%, to $18.3 million, from a year earlier, it reported Tuesday.
October 24 -
Pacific Continental (PCBK) in Eugene, Ore., has agreed to buy Century Bank for $13.4 million in cash.
October 24 -
Lower yields and higher expenses weighed on Hudson City Bancorp (HCBK) in Paramus, N.J., in the third quarter.
October 24 -
An agreement to purchase $5.9 billion of assets from the retail giant positions TD for further growth in the credit-card business, while providing a blueprint for future deals.
October 23 -
Gregory Mitchell, who left First PacTrust Bancorp last month, has joined First Tech Federal Credit Union as president and CEO. In a letter posted on First Tech's website, Mitchell admitted to having a credit union membership while running at least two banks.
October 23 -
American Heritage in California had been facing pressure from the OCC to diversity beyond SBA lending. Rather than reinvent itself, the bank found an eager buyer in Sterling Financial, a Spokane, Wash., company that wants to expand the SBA platform.
October 23 -
Straying far from home is often a mistake. F.N.B. can speak to that from a past foray into Florida. But the Pennsylvania bank says its more focused deal in Maryland will work.
October 23



