M&A
M&A
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The Alabama company’s management team used a conference appearance to discuss plans to expand in credit cards and auto lending, while assuring investors that it has turned the corner in the Southeast.
May 22 -
The federal agencies treat PE players as "slippery" characters, impose "draconian" limits on them and make the troubled European economy more appealing for bank deals, investor Ross says.
May 22 -
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Daryl Byrd, the CEO of Iberiabank (IBKC) says a wave of bank mergers is inevitable and will be larger than expected. Rusty Cloutier, his counterpart at MidSouth Bancorp (MSL), says a lack of able buyers is miring consolidation.
May 21 -
Green Dot Corp. said Monday that it has signed a new multi-year distribution deal with Dollar Tree Inc. and extended its contracts with other partners.
May 21 -
Yahoo said it is selling up to half its stake in Alibaba Group back to the company.
May 21 -
The flagging bank M&A market needs a revival. This week bank executives and investors are sharing strategies to bring back the deals.
May 21 -
WASHINGTON – Members of the credit union-start-up REALTORS FCU, billed as the nation's first virtual credit union, voted over the weekend during the annual convention of its sponsor, the National Association of REALTORS, to merge the $75 million credit union into nearby giant Northwest FCU.
May 21 -
More than 100 former HSBC Bank branches across upstate New York and Connecticut are now operating as branches of First Niagara Bank.
May 21 -
Barclays PLC said Monday that it intends to sell its $6.1 billion stake in BlackRock Inc., as the U.K. lender seeks to redeploy cash to boost its profitability and offset the effects of impending regulation.
May 21 -
WAUSAU, Wis. — NCUA this evening liquidated Wausau Postal Employees CU and assigned the remnants of the one-time $10 million credit union to nearby giant CoVantage CU.
May 18 -
The Office of the Comptroller of the Currency closed Alabama Trust Bank in Sylacauga on Friday, making it Alabama’s first bank failure in more than a year.
May 18 -
National Bank Holdings in Boston is shifting its headquarters to Denver following a string of bank acquisitions in Colorado and nearby states.
May 18 -
Put aside the bellyaching about the disappointing deals market. Focus instead on creative deals, nontraditional acquisitions and the nuances of what can be done within current regulations and economic realities, experts will advise at American Banker's M&A conference Monday and Tuesday.
May 18 - PSO content
American InfoSource LP, a Houston-based global financial services firm, on Thursday announced the acquisition of Ascension Capital Group Inc. (ACG), the bankruptcy servicing arm of debt buyer Encore Capital Group. Financial terms of the deal were not disclosed.
May 18 -
China Construction Bank Corp., one of China's biggest banks, acquired the Brazilian assets of German bank WestLB AG for an undisclosed amount, local newspaper Valor Economico reported Friday.
May 18 -
Avoid the bluster and the defensiveness, and focus on communication and steps to improve the bank, veterans of activist investor fights like John Palmer of PL Capital advise.
May 17 -
Porter Bancorp's shareholders have granted the struggling company more flexibility to raise capital to meet the demands of regulators.
May 17 -
Capitol City Bank, a minority-owned bank in Atlanta that is under orders from its regulators to add fresh capital, is getting a shot in the arm from SunTrust Banks (STI).
May 17



