M&A
M&A
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Mortgage servicing company Nationstar Mortgage Holdings Inc. (NSM) has agreed to acquire roughly $10.4 billion in residential mortgage servicing rights from Bank of America Corp. (BAC) in a co-investment with Newcastle Investment Corp. (NCT).
June 5 -
BNC, of High Point, N.C., would pay $35 million for First Trust, its fifth deal in the Carolinas in nine months.
June 4 -
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Recent proxy battles show that the high-stakes clashes are getting pricey for management teams and irate shareholders.
June 4 -
When making a point to banker groups about how much the week-to-week banking habits of Americans have changed in recent years, one simple question tends to create much side chatter, nods and chuckles.
June 4 -
Freed from an enforcement order that led it to sharply reduce its assets, Guaranty Bancorp in Denver is now turning its attention to growth.
June 4 - PSO content
TransUnion announced on Monday that it has finalized the purchase of a majority share in CRBAfrica, a credit risk management organization with a presence in eight countries across Africa. Terms of the transaction were not disclosed.
June 4 -
Bank of America (BAC), before its shareholders approved the bank's $50 billion buy of Merrill Lynch in December 2008, was informed of far greater losses at the investment firm than had been disclosed in proxy documents filed with regulators, B of A's then-chief executive, Kenneth Lewis, disclosed in court documents filed late Sunday in a shareholder lawsuit, the New York Times reported Sunday on its website.
June 4 -
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Berkshire Hills is paying for its latest acquisition, of Beacon Federal, in a way that protects shareholder returns at the expense of its tangible book value.
June 1 - Illinois
American Chartered Bank in Schaumberg, Ill., has sold its health savings account business to Minnesota insurance company SelectAccount.
June 1 -
Equity Bancshares in Wichita, Kan., has filled its tank to fuel growth. The $600 million-asset company raised $20.4 million in capital that it plans to use for acquisitions and organic growth.
June 1 -
United Financial of Massachusetts is buying Connecticut's New England Banchares in a deal that makes a lot of strategic sense. Yet investors have given the buyer a rousing thumbs-down.
June 1 -
Banking, trading and risk management software all under one roof.
June 1 -
Incensed shareholders and lawsuits triggered by failed say on pay votes aren't the half of it. Just wait until the expected M&A wave unleashes 'say on golden parachute' litigation.
June 1 -
The Massachusetts company has grown in upstate New York by buying Rome Bancorp and opening about a dozen branches in recent years.
June 1 -
A clause in a merger deal between two small banks promises more cash for the seller if loans stay on track.
June 1 -
Shareholders frown on United Financial's all-stock deal for healthy bank in good market.
May 31 -
Chief Executive John Stumpf said during an investor conference in New York Thursday that the bank is in the market to buy insurance companies.
May 31 -
The investment bank FBR (FBRC) may put its asset-management business up for sale and, if it does, it is likely to draw significant interest from commercial banks.
May 31





