M&A
M&A
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SunTrust Mortgage hired former MetLife Home Loans executive Linda Steiner as a regional wholesale manager based in the Pacific Northwest.
May 29 -
Among the wave of community banks that have gone to market this month, 1st Enterprise Bank (FENB) was the rare bank below $1 billion of assets to sell shares at a premium to its equity.
May 29 -
Roughly two months after putting itself up for sale after its plan for raising fresh capital fell through, BancTrust Financial Group in Mobile, Ala., has found a buyer.
May 29 -
Lafayette, La., and Washington are over 1,000 miles apart, but Rusty Cloutier, the founder and chief executive of MidSouth Bancorp, keeps the nation's capital top of mind.
May 25 -
First Bancshares of Kansas City, Kan., agreed to sell a controlling stake to an investment group led by David Spehar, the former chief executive of another Kansas City community bank.
May 25 -
Broadway Financial of Los Angeles said it had received a warning letter about its failure to meet listing requirements. It has not yet filed its first-quarter results with the Securities and Exchange Commission.
May 25 -
The Renton, Wash., company has yet to announce the results of Thursday's vote, but an activist investor believes his group has won and warns that First Financial could challenge the outcome. Stilwell is attempting to oust Victor Karpiak, the company's chairman and CEO.
May 25 -
Bank dealmaking is no place for vanity, MidSouth CEO Rusty Cloutier says. Sellers need to get real about their prospects, and buyers and sellers need to look beyond face value and short-term valuations, he says in a Q&A.
May 25 -
First Republic Bank in San Francisco is planning to raise $150 million through a preferred stock offering.
May 25 -
Lehman Brothers Holdings Inc. confirmed its will buy the 26.5% stake in Archstone it doesn't already own for $1.58 billion, ending a high-stakes battle over the control of the apartment giant.
May 25 -
Two small Pennsylvania banks — First Priority Financial of Malvern and Affinity Bancorp of Wyomissing — have announced a deal that would create a 10-branch bank outside Philadelphia.
May 24 -
The acquisitive bank in Lafayette, La., benefits from having executives who have lived all over in their careers - but constant relocation can test a marriage, Chief Executive Daryl Byrd says.
May 24 -
Harvard Illinois Bancorp's management and board have prevailed in their proxy battle with an activist investor.
May 24 -
In a Harvard Business Review op-ed, ex-Citigroup and Bank of America executive Sallie Krawcheck provides a glimpse of how she'd run a bank if given the chance.
May 24 -
Citigroup Global Markets on Thursday bought $1.67 billion of complex residential mortgage assets from a Federal Reserve Bank of New York portfolio taken on during the 2008 bailout of American International Group, according to the New York Fed's website.
May 24 -
Bankers, investment bankers, investors and ex-regulators weighed in with their explanations for the slow bank-deals market and where it goes from here at American Banker's M&A Symposium this week.
May 24 -
Citigroup Inc. (C) is selling a stake in Turkey’s Akbank TAS (AKBNK) worth about $1.27 billion, according to terms of the offer obtained by Bloomberg News.
May 24 -
COLUMBUS, Ohio — Corporate One FCU said this afternoon that members of Florida's Southeast Corporate FCU have approved the combination of the two, creating one of the biggest corporates in the country with $5 billion in assets.
May 23 -
Nearly a year after calling off a stock sale that would have sharply diluted the value of its shares, Independent Bank in Ionia, Mich., said it would instead raise capital by selling off a batch of branches.
May 23 -
With Dodd-Frank and a sluggish economy as background, M&A experts met in New York earlier this week and shared insights into the future of bank deal-making.
May 23





