M&A
M&A
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Susquehanna Bancshares (SUSQ) in Lititz, Pa., plans to raise up to $150 million through a senior notes public offering.
August 9 -
Morrill & Janes Bank and Trust in Merriam has agreed to buy United Bank of Kansas in Lenexa. United will be merged with Morrill and operate as a branch, Morrill said in a press release.
August 8 -
Itaú Unibanco Holding in São Paulo, Brazil, has denied that it is in negotiations to buy Citizens Financial Group, the U.S. arm of the Royal Bank of Scotland (RBS).
August 8 -
Banks have been putting less of their own money to work in syndicated leveraged loans lately. But other investors, particularly CLOs, have shown an increased appetite for these credits.
August 8 -
Robert Hill, SCBT's president and CEO, announces his second open-bank deal in nine months as it looks to consolidate in South Carolina and Georgia. SCBT has also bought three failed banks since January 2010.
August 8 -
Cardtronics USA has acquired the assets of independent sales organization ATM Network, including its merchant contracts, customer relationships, online store and Web properties.
August 8 - PSO content
A Chicago suburb is reviewing whether to approve a contract with a new collection agency that would allow the village to keep more of what's collected.
August 8 -
Prime Pacific Financial Services in Lynwood, Wash., will raise $5 million through a private placement of common stock as it works to meet capital requirements from a regulatory order.
August 7 -
The Federal Reserve Board has issued an enforcement order against Gold Canyon Bank that gives the Gold Canyon, Ariz., company 90 days to become adequately capitalized or to sell itself.
August 7 -
After two financial institutions merge on paper, the hard work starts in the IT trenches. Mark Duthu, executive vice president for Hancock Holding's trust and asset management group, discusses the complex integration of Whitney Bank.
August 7 -
Provident New York Bancorp (PBNY) in Montebello has raised roughly $46 million to help fuel its expansion in the New York City area.
August 7 -
Canadian Imperial Bank of Commerce (CM) has agreed to buy MFS McLean Budden's private-wealth business.
August 7 -
MetLife, the insurer seeking an exit from banking to limit U.S. regulation, was penalized $3.2 million by the Federal Reserve for lapses tied to the servicing of loans and handling of foreclosures.
August 7 -
Hampton Roads Bankshares (HMPR) is on the verge of a $45 million rights offering, the second phase of the Norfolk, Va., company's $95 million capital-raising effort.
August 7 -
Citigroup may take a charge of almost $6 billion this quarter as it writes down the value of the Morgan Stanley Smith Barney venture, said Jason Goldberg, a Barclays analyst.
August 7 -
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BNC Bancorp (BNCN) has readied itself in case the Treasury Department opts to include the High Point, N.C., company's shares in an upcoming auction of securities tied to the Troubled Asset Relief Program.
August 6 -
Knight Capital Group Inc.'s search for investors in the wake of a $440 million loss demonstrates why the biggest Wall Street banks shouldn't be broken up, according to Brad Hintz, a Sanford C. Bernstein & Co. analyst.
August 6 -
Eagle Bancorp (EGBN) in Bethesda, Md., has filed a new shelf registration that would allow it to raise up to $125 million.
August 6 -
Low prices and growth opportunities are luring mid-cap buyers from neighboring states to the failure-ravaged Southeast.
August 6




