M&A
M&A
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Tompkins Financial in Ithaca, N.Y., is planning to raise $30 million in a secondary stock offering and may use the proceeds to redeem securities issued to VIST Financial through the Treasury Department's Troubled Asset Relief Program.
March 27 -
James J. Dunne III of investment bank Sandler O'Neill recovers briefcase containing $5,000 that he left in a taxi, invites cabdriver to his home for being "honest guy."
March 27 -
AmericanWest Bank in Spokane, Wash., is deepening its presence in California with plans to acquire Security Business Bank of San Diego.
March 27 -
CenterState Banks (CSFL) in Davenport, Fla.., is looking to slim down after spending much of the last three years bulking up through acquisitions.
March 27 -
HSBC's residential lending and servicing business continues to be under what the bank calls a "strategic review," leaving its mortgage workers in limbo.
March 27 -
Capital Bank Financial, a Miami company formed two years ago to buy distressed banks in the Southeast, has struck a deal to acquire Southern Community Financial (SCMF) in Winston-Salem, N.C., for $48.4 million.
March 27 -
John Mack, the former chief executive and chairman of Morgan Stanley, is joining private-equity giant KKR.
March 27 - PSO content
A Georgia House committee this week tweaked the "Small Business Borrower Protection Act," a bill containing restrictions for debt buyers that was passed in February by the Georgia Senate.
March 27 -
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BankAtlantic Bancorp (BBX) said in a regulatory filing that it will change its name to BBX Capital as part of its deal to sell its thrift to BB&T (BBT) in Winston-Salem, N.C.
March 26 -
At least three serial consolidators are positioning themselves for more deals should the right opportunity arise. SCBT and Iberiabank filed shelf registrations this month, while Wintrust raised $127 million.
March 26 - Alabama
BancTrust Financial Group in Mobile has put itself on the block, and as many as a half dozen banks could pursue it. The bidding process could foretell a lot about the appetite for small, complex deals everywhere.
March 26 -
WASHINGTON — Banking regulators said Monday they are looking for feedback on proposed changes to guidance issued in 2001 on leveraged finance.
March 26 -
First Banks of Clayton, Mo., is exiting Florida roughly four years after it entered the state with the acquisition of the troubled Coast Financial Holdings.
March 26 -
Seeing a major opportunity in the U.S. market, Monitise and Clairmail announced a merger deal in which they will cross-polinate and cross-sell each other's technology in their respective markets.
March 26 -
CHARLOTTE, N.C. — NCUA this morning liquidated tiny Shepherd's FCU, a year-old community development credit union, in the latest sign of the difficulties facing small credit unions.
March 26 -
Alabama's BancTrust Financial has abandoned a bid to raise private equity funds. As bank-acquirers circle, a deal could say a lot about the state of M&A.
March 26 -
Citigroup Inc. (C) is reducing its stake in a Turkish bank and its earnings will take a hit because the value of the investment has declined.
March 26 -
In what would be just the second acquisition in its 49-year-history, FNB Bancorp in South San Francisco has struck a deal to buy Oceanic Bank Holding in San Francisco.
March 26 -
In its first-ever auction of preferred stock acquired through TARP, Treasury is seeking to sell stakes in Banner Corp. (BANR) of Walla Walla, Wash., First Financial Holdings (FFCH) of Charleston, S.C.; MainSource Financial (MSFG) of Greensburg, Ind.; Seacoast Banking (SBCF) of Stuart, Fla.; Wilshire Bancorp (WIBC) of Los Angeles; and WSFS Financial (WSFS) of Wilmington, Del.
March 26




