M&A
M&A
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A deal by TD Bank to buy Target's consumer credit card portfolio, which follows TD's acquisition of MBNA Canada late last year, will "significantly" expand the bank's card presence in North America.
October 23 -
Chemical Financial (CHFC) in Midland, Mich., managed to boost quarterly earnings with higher interest income and lower credit costs.
October 22 -
F.N.B. Corp. (FNB) in Hermitage, Pa., said late Monday it had agreed to buy Annapolis Bancorp (ANNB), which owns the Bank of Annapolis, for $51 million in stock.
October 22 -
Grandbridge Real Estate Capital, a wholly owned subsidiary of BB&T (BBT), is buying Dwyer-Curlett & Co., a commercial real estate finance firm based in Los Angeles.
October 22 -
It's senseless for most bank sellers to hold out for much more than 200% of tangible book value in today's world. It's better to sell early for a realistic price, experts say.
October 22 -
The New York-area thrift is benefiting from an effort to make more multifamily and commercial real estate loans and has no immediate interest in selling itself, CEO Monte Redman says in a wide-ranging Q&A.
October 22 -
Two proxy advisory services have recommended against a proposal for Hampden Bancorp in Springfield, Mass., to explore a possible sale.
October 22 -
Sterling Financial in Spokane, Wash., is buying American Heritage Holdings, the holding company of Borrego Springs Bank in La Mesa, Calif., for $6.5 million in cash.
October 22 -
Three banks failed Friday – including two in Florida – and will cost the Federal Deposit Insurance Corp. an estimated $86 million. Regulators seized the $200 million-asset Excel Bank in Sedalia, Mo.; the $159 million-asset GulfSouth Private Bank in Destin, Fla.; and the $67 million-asset First East Side Savings Bank in Tamarac, Fla.
October 19 -
First Financial Northwest in Renton, Wash., a $973 million-asset company, lost $791,000 in the third quarter, compared to net income of $1.4 million in the second quarter and profit of $623,000 a year earlier.
October 19 -
First Niagara, a Buffalo, N.Y., company, has grown significantly through recent acquisitions but now it wants to cut expenses. Management plans to then reinvest those funds in fee-generating businesses.
October 19 -
Regulators have announced the winning bidder for assets of failed Tennessee Commerce Bank.
October 19 -
The director selection model for too many U.S. banks does not reflect the industry's risk profile realities of 2012.
October 19 -
E-Trade Financial's (ETFC) shares plummeted Friday after the company reported a $28.6 million loss for the third quarter as its provision for loan loss rose and revenue declined.
October 19 -
Elavon and Banco Santander have expanded their existing relationship by agreeing to establish a payment services joint venture together in Spain.
October 19 -
First Niagara Financial Group's earnings slid during the third quarter because of a higher loan-loss provision and a securities sale.
October 19 -
Removing the bank embedded in H&R Block would turn the biggest U.S. tax preparer into a potential takeover target.
October 19 -
A rein on expenses and a pickup in lending and fees propelled People's United Financial in the third quarter.
October 19 -
The acquisition of Rochdale Investment Management helped raise City National Corp.'s third-quarter income 44% from a year earlier to $59.8 million.
October 19 -
Stephen Steinour, CEO of Huntington Bancshares, played up its efforts to manage asset yields and control funding costs after investors took a dim view of its narrower net interest margin.
October 18



