M&A
M&A
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Hospital operator Tenet Healthcare Corp.'s first quarter earnings fell 20.5% reflecting mainly higher bad debt expenses, despite an estimated 2% rise in revenues.
May 9 -
The bank, led by ex-Sovereign chief Jay Sidhu, cited uncertain market conditions.
May 8 -
Sun CEO Tom Geisel says hiring teams of bankers from rivals and opening new offices will allow Sun to thrive once it purges an existing portfolio of nonperforming real estate loans.
May 8 -
First BanCorp in San Juan, Puerto Rico, is bringing its credit card portfolio back in-house.
May 8 -
A tiny merger in Maine could prove a test case for a type of deal that risk-averse acquirers have been struggling to pull off.
May 8 -
Two Maryland banking companies that announced plans to merge last month need a little more time to work out the specifics of their deal.
May 8 - PSO content
Debt buyer Portfolio Recovery Associates Inc., Norfolk, Va., reported total revenues for the first quarter ended March 31 of $140.1 million, up 25% from the year-ago period.
May 8 -
Mike Slocum, head of Capital One's growing commercial and specialty lending operations, has helped the bank diversify by financing some very niche industries.
May 8 -
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Six months ago Alliance Bankshares and a merger partner called off a deal they had announced - and Alliance's CEO says the Virginia bank has found a superior alternative.
May 7 -
First Bank of Delaware is set to shut down by the end of the year, the result of a wide-ranging consent order issued that alleged weaknesses in the bank's monitoring of relationships in its e-payment and money services business lines, and poor compliance efforts.
May 7 -
Triumph Bancshares of Germantown, Tenn., has sold 1.35 million shares to investors, raising roughly $12.2 million in fresh funds to help grow its bank.
May 7 -
Top executives at Bank Mutual (BKMU) in Milwaukee told investors Monday that the company is eyeing acquisitions of banks and other financial services firms in its quest to become a “much larger company” in the next few years.
May 7 -
It's accounting — specifically purchase accounting, Gerard Cassidy of RBC Capital Markets says in a Q&A. The problem will persist until the economy and the real estate market improve further, he warns.
May 7 -
HSBC's U.S. bank will transfer roughly $52 billion of residential servicing rights to PHH Corp., which also will absorb two-thirds of its mortgage work force. No money will change hands in the transaction, HSBC said.
May 7 -
The Office of the Comptroller of the Currency closed Security Bank in North Lauderdale, Fla., on Friday, bringing the total number of failures so far in 2012 to 23.
May 4 -
Cardinal Bankshares, a Floyd, Va., company also alleges in a lawsuit that Henry Logue attempted to sell the company without the board's permission.
May 4 -
Few so-called good bank/bad bank deals have been completed, with regulators or investors serving as key impediments. Bar Harbor Bankshares hopes to become the second acquirer in the past two months to complete such an acquisition.
May 4 -
Ailing Liberty Bank in West Des Moines, Iowa, is selling three more of its branches in its home state as part of an ongoing quest to trim overhead and bolster its capital levels.
May 4 -
Harland Clarke Holdings reported a first-quarter loss of $22.9 million, compared with a profit of $23.4 million a year earlier, because of charges related to its parent company’s merger with MacAndrews & Forbes Holdings.
May 4







