M&A
M&A
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A small Kansas bank will significantly increase its assets with a deal for an even smaller Missouri bank.
August 6 -
First PacTrust Bancorp (BANC) suffered some growing pains in the second quarter on higher noninterest expenses.
August 6 - PSO content
Debt buyer Encore Capital Group Inc. on Friday reported gross collections from the portfolio purchasing and recovery business in the second quarter ended June 30 reached $240.6 million, a 23% jump over the $195.1 million in the year-ago period.
August 6 -
Investors get paid when a bank is sold. So do the people that run it. Mergers trigger golden parachutes that are usually worth three times a chief executive's salary. CEOs can liquidate equity stakes they have in their banks, or roll them over into the buyer, too. Here's a rundown of CEO pay in some major deals of the first half. (Source: Proxy statements, the companies)Related Articles: CEO Pay Booms in a Year When Stocks Are a Bust, Top Heavy: CEO Pay to Total Payroll Expenses(Image: Thinkstock)
August 6 - Pennsylvania
A private-equity firm has plans to acquire a large stake in TriState Capital Holdings, a Pittsburgh company cofounded by a former state regulator.
August 3 -
First California CEO C.G. Kum has already received a hostile offer from PacWest's Matt Wagner, and other bidders — including U.S. Bancorp, Umpqua and City National — could join the fray.
August 3 -
It took more than a year for First PacTrust, which was new to the M&A game, to get banking regulators to approve its deal for Gateway Bancorp. The deal is scheduled to close in two weeks.
August 3 -
City Holding of West Virginia is buying Community Financial, which had a 120% loan-to-deposit ratio at March 31. The deal allows City Holding solve an issue plaguing many community banks: how to find loans to offset record deposit growth.
August 3 - Michigan
Citizens Republic Bancorp Inc. (CRBC), the Michigan lender that has yet to repay a $300 million U.S. government bailout, is soliciting takeover bids from competitors, said three people with knowledge of the matter.
August 3 -
CertusBank has agreed to buy Myers Park Mortgage, a private mortgage company in Charlotte, N.C.
August 3 -
City Holding in Cross Lanes, W.Va., continues to bulk up in Virginia, announcing late Thursday that it is buying Community Financial in Staunton for $26.1 million in stock.
August 3 -
Community Bank System will close five branches in September. Three of the targeted branches are ones that First Niagara acquired from HSBC and then sold to Community Bank in July.
August 2 - Illinois
Urban Partnership Bank, a Chicago bank formed to buy ShoreBank's deposits and assets from the Federal Deposit Insurance Corp. in 2010, has agreed to buy a large branch in Chicago's South Side from Northern Trust (NTRS).
August 2 -
BB&T is eyeing other deals and planning to open more branches in Florida after buying BankAtlantic this week, regional executive Michael Oster says.
August 2 -
Heartland Financial USA (HTLF) is bulking up in Wisconsin with a deal to acquire First Shares in Platteville for roughly $11 million in cash and stock.
August 2 -
ING Group may sell its Canadian online bank, which has $40 billion in assets, and dispose of a smaller U.K. unit as the Dutch company seeks to repay government aid received during the financial crisis.
August 2 -
Resurrecting Glass-Steagall means resurrecting the large, highly leveraged investment banks engaged in high-risk trading for their own accounts.
August 2 - PSO content
Debt buyer Portfolio Recovery Associates reported across-the-board records in cash collections, revenue and net income for the second quarter ended June 30.
August 2 -
KeyBank is the latest regional that will start issuing its own cards again in hopes of growing revenue and wallet share.
August 2 -
Add Sterling Bancorp (STL) in New York to the growing list of community banks ramping up in residential lending.
August 2



