M&A
M&A
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BB&T (BBT) will lay off as many as 365 employees in connection with its acquisition of BankAtlantic in Fort Lauderdale, Fla., according to a filing with the state government.
August 23 - PSO content
Louisiana officials heard Wednesday from several collection agencies as it reviews a plan to pursue $1.4 billion in past-due accounts.
August 23 -
Malvern Federal Bancorp (MLVF) in Paoli, Pa., will raise up to roughly $36.4 million by converting to a 100% stock-owned company from a mutual holding company.
August 22 -
Investor and director Steven Sugarman will now share CEO duties with Gregory Mitchell at First PacTrust of Irvine, Calif. The company announced a bank deal Wednesday, and Sugarman is expected to take lead on nonbank deals.
August 22 -
First PacTrust Bancorp (BANC) has landed another deal and a co-chief executive.
August 22 -
A Newport Beach, Calif., firm that buys problem loans from banks has struck its second deal in less than a week.
August 21 -
Dealmakers have been pushing bankruptcy recapitalizations for a few years. The time may now be ripe with credit quality improving while debt loads linger.
August 21 -
Merger will allow the trading software vendor to broaden its range of business intelligence offerings.
August 21 -
Yes, megabanks provide useful, all-in-one services. But their biggest customers challenge the argument that they need financial behemoths to operate globally.
August 21 -
Yes, megabanks provide useful, all-in-one services. But their biggest customers challenge the argument that financial behemoths should be held together for their sake.
August 21 -
Big businesses' mixed feelings about their large bank partners are especially obvious when the conversation turns to proposed reforms of money-market funds, which corporate treasurers say could increase the power of "too big to fail" banks.
August 21 -
Ellington Financial in Old Greenwich, Conn., has raised roughly $76.7 million through a public offering and will use the funds to acquire securities and loans.
August 21 - PSO content
Improved market conditions likely sparked Target Corp.'s announcement last week that it is in talks with "several well-qualified partners" interested in buying its credit card portfolio.
August 21 -
Kevin Kabat of Fifth Third and Stephen Steinour of Huntington Bancshares have a lot to win — or lose — if they bid for Citizens Republic of Flint, Mich.
August 20 -
Unprecedented regulatory demands and competition require banks to continue innovating and diversifying, says Aubrey Patterson, the Tupelo, Miss.-based company's longtime CEO, in a wide-ranging interview.
August 20 -
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Seeking to increase its visibility in northern California, American River Bankshares (AMRB) in Sacramento has combined its three separately named banks under the name of its flagship brand.
August 20 -
Western Liberty Bancorp (WLBC) was built to buy — but now it has decided to sell.
August 20 -
BOK Financial in Tulsa, Okla., has acquired the Milestone Group, a boutique investment firm in Denver that caters to high-net-worth families in Colorado and Nebraska.
August 20 - PSO content
FICO announced a plan to acquire Adeptra Ltd. for an all-cash purchase price of $115 million.
August 20






