M&A
M&A
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Last year, United Community flirted with the notion of exiting the Tarp and buying failed banks. Now management is talking about major cost cutting as it struggles to post sustainable profits.
January 27 -
MB Financial Inc.'s fourth-quarter results fell shy of Wall Street's expectations, but things are still looking up for the Chicago company.
January 27 -
Underwriters are taking advantage of the broader U.S. market's liquidity, as well as a favorable dollar-to-euro exchange. U.S. investors and banking companies are among the beneficiaries.
January 27 -
Hancock Holding Co.'s fourth-quarter results included hefty costs associated with buying Whitney Holding Corp.
January 27 -
Once a leader in dial-up Internet connectivity, EarthLink Inc. is lining up banks and other businesses these days as clients for tech services like co-location and disaster-recovery.
January 27 -
Bank of America Corp.'s Chief Executive Friday reiterated he doesn't think the bank needs to make new acquisitions.
January 27 -
Green Dot Corp.'s fourth-quarter net income rose 76% from a year earlier, to $14.0 million, the prepaid card company said on Thursday evening.
January 26 -
Tennessee has managed to escape the downturn relatively unscathed, and hasn't had a bank fail since 2002. But a new crop of undercapitalized banks and other strugglers have put 10% of the state's banks at some risk of failure.
January 26 -
Columbia Banking System Inc. in Tacoma, Wash., and an aggressive buyer of failed banks, rode those acquisitions to a strong fourth quarter.
January 26 -
ALEXANDRIA, Va. — The NCUA Board this morning approved the proposed merger of Tennessee's Volunteer Corporate CU with West Virginia Corporate CU, accelerating the pace of the corporate restructuring.
January 26 -
Brookline Bancorp Inc.'s fourth-quarter and full-year results rose despite costs associated with acquisitions.
January 26 -
Valley National Bancorp in Wayne, N.J., announced that fourth quarter earnings fell after several special charges.
January 26 -
The Ithaca, N.Y., bank has been scouting for deals and said Thursday it has agreed to buy VIST Financial in southeastern Pennsylvania for $86 million in stock.
January 26 -
United Community Banks Inc. of Blairsville, Ga. is back in the black — again.
January 26 -
Mission Capital's David Tobin is on, well, a mission. Distressed debt backed by commercial real estate is thriving, and banks should be selling their holdings.
January 26 -
New Resource Bank in San Francisco said Thursday that it had raised $7.7 million through a private placement.
January 26 -
The St. Louis company will restate almost two years' worth of earnings after finding an error tied to loss-sharing agreements for failed-bank deals.
January 26 -
John Koelmel touts quarterly profit in interview, but merger and integration costs weighed on the Buffalo bank — and more are on the way.
January 26 -
Susquehanna Bancshares Inc. in Lititz, Pa., reported Wednesday that its fourth-quarter earnings nearly doubled from a year earlier, to $19.1 million, on improvements in areas such as lending, fee income and a reduction of problem assets.
January 25 - Indiana
John Keach Jr., the chairman and CEO of Indiana Community Bancorp, which agreed to sell to a rival this week, speaks for many bankers in ticking off the threats to going it alone as a community bank — and explains why his bank decided it had to get out now.
January 25





