M&A
M&A
-
BOK Financial Corp. in Tulsa is eyeing acquisitions of banks and nonbanks as it looks to both increase market share in areas where it operates and generate more revenues from fees.
March 1 -
New York private equity firm J.C. Flowers is considering bids for insurance assets being sold by ING and for Royal Bank of Scotland's Direct Line Group insurance business, according to people with direct knowledge of the talks.
March 1 -
Fiserv is merging its two person-to-person payment offerings, Popmoney and ZashPay, and will market the combined offering as Popmoney.
March 1 - PSO content
Aktiv Kapital, an Oslo, Norway-based accounts receivable management firm, announced this week that it purchased a $750 million face value portfolio of non-performing consumer loans originated in the United Kingdom.
March 1 - PSO content
DBA International, an association representing the debt buying industry, announced Thursday its Board of Directors has unanimously approved a process to create a National Debt Buyer Certification Program.
March 1 -
Royal Bank of Canada earned nearly $1.9 billion its fiscal first quarter, down slightly from a year earlier but ahead of fourth-quarter results, as earnings in its Canadian banking operations reached a record level.
March 1 -
Toronto-Dominion Bank posted a first-quarter profit of almost $1.5 billion bolstered by record retail earnings, and while results came in just shy of year-earlier levels, the bank said its businesses exceeded its expectations during the period.
March 1 - PSO content
Homes listed in some stage of foreclosure or bank owned accounted for 24% of all U.S. residential sales in the fourth quarter, up from 20% in the previous quarter but down 26% of all sales in the fourth quarter of 2010, according to the 2011 U.S. Foreclosure Sales Report released Thursday by RealtyTrac.
March 1 -
When a judge blocked BankAtlantic's complicated deal to sell the healthy portion of its thrift to BB&T, it was the third so-called good bank/bad bank deal in Florida to get hung up.
February 29 -
Banks eager to deploy excess capital through acquisitions or loan growth continue to face two immense challenges: unrealistic price demands from sellers' and fierce competition for commercial loans.
February 29 -
First California Financial Group Inc. in Westlake Village, Calif., has agreed to buy a small California bank about a month after announcing that it had hired an investment bank to explore its options.
February 28 -
A judge's ruling against the sale of BankAtlantic to BB&T could also empower holders of trust preferred securities to play a bigger role in M&A.
February 28 -
The Wisconsin private equity company, not to be confused with the New York firm, wants more capital to invest in smaller banks. Jon Bruss, the company's CEO, shares his thoughts on banking, private equity and what the future holds for struggling banks.
February 28 -
The strikingly low price Citizens Financial Group Inc. has agreed to accept for its New York supermarket branches reflects a lack of demand for deposits — and for those particular branches.
February 28 -
Carlile Bancshares Inc. in Fort Worth announced late Monday that it is acquiring Northstar Financial Corp. in Denton, Texas, and its subsidiary, the $950 million-asset Northstar Bank.
February 28 -
People's United has agreed to pay $3.25 million to acquire Citizens Financial' 52 branches inside Stop & Shop supermarkets on Long Island and elsewhere in New York, plus four traditional branches.
February 28 -
Bank of Montreal said first-quarter earnings rose 34% to top C$1 billion, helped by much lower loan-loss provisions and the recent acquisition of Marshall & Ilsley Corp.
February 28 -
BankAtlantic Chairman Alan Levan indicated that a court decision to block the sale of the company's thrift unit to BB&T could essentially derail the deal.
February 27 -
Prosperity's agreement to pay $529 million for American State Financial is one of the priciest deals since Comerica agreed to buy Sterling Bancshares more than a year ago, but the reaction to it is much more positive than it was to Comerica's deal.
February 27 -
Dippin' Dots Inc.'s biggest lender wants the bankruptcy court to oust the founder and president, Curt Jones, who more than 20 years ago invented the flash-frozen ice cream treat for which the company is named, after accusing him of manipulating the Kentucky manufacturer's sale and putting its future at risk.
February 27



