M&A
M&A
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Weak community banks will have to give in and start selling in greater numbers next year, two executives of acquisitive banks predict.
November 30 -
Porter Bancorp Inc.'s largest outside shareholder says that the Louisville, Ky., company continues understate its level of problem loans despite its recent claims that its allowance for loan losses is sufficient.
November 30 -
The aggressive Massachusetts bank shows there are multiple ways to grow, including acquisitions of banks and talent.
November 29 -
A Maryland bank is planning a $5 million initial public offering, while a Massachusetts mutual holding company is looking to take the second step in its conversion to become fully public.
November 29 -
Eagle CEO Ron Paul discusses his bank's growth strategy after terminating a planned acquisition of Alliance Bankshares.
November 29 -
The Federal Reserve Board has approved the sale of Home State Bancshares Inc. in McPherson, Kan., to Goering Management Co.
November 29 -
By purchasing Bonneville Bank, prepaid company Green Dot will be putting itself under the scrutiny of traditional banking regulators. But it may escape increased oversight from the Consumer Financial Protection Bureau.
November 29 -
Denial, community pressures and pricing issues are some of the reasons more banks aren't selling. That cannot last forever, a roundtable of analysts told American Banker.
November 29 -
PNC Financial Services will not need to issue additional shares of common stock to complete its $3.45 billion acquisition of RBC Bank USA, the Federal Reserve Board said.
November 29 -
The companies said in a press release Monday that "irreconcilable differences of opinion regarding a number of matters" had developed and, as such, the boards had decided to terminate their agreement.
November 28 -
Hedge fund Hildene Capital fights carve-out agreement, arguing that if BankAtlantic wants to sell most of its assets, the buyer has to assume its debt.
November 28 -
Toronto-Dominion's U.S. bank is slowly carving out a wider wedge of the tumultuous market for retailers' credit cards.
November 28 -
Taylor Capital Group Inc. in Chicago is looking to add up to $72 million in common equity that it says would strengthen its capital position and give it the flexibility to pursue growth opportunities.
November 28 -
Nara Bancorp and Center Financial Corp. will operate under the name BBCN Bank with a new corporate logo after the merger of the two companies is completed.
November 28 -
Coming off its 13th consecutive quarterly loss and struggling to meet capital requirements set by regulators, Atlantic Coast Financial Corp. in Jacksonville, Fla., is considering selling itself to another bank.
November 28 -
Atlantic Coast Financial Corp. said it will explore strategic options, including a potential business combination, after it didn't meet minimum capital requirements and has posted four straight quarters of losses.
November 28 -
Bank of New York Mellon Corp. agreed to acquire Penson Worldwide Inc.'s Australian clearing-services unit.
November 28 -
Banks are going to need to make hard decisions to exit some traditional businesses. The question is how to do it to maximize what you get at the exit, and in such a way that remaining businesses can thrive.
November 28 -
Canadian Finance Minister Jim Flaherty will introduce legislation that will give the federal government the ability to approve or cancel planned purchases by the nation's top banks, he told CTV television.
November 27 -
Joseph Longino, the point man on accounting and regulatory matters at Sandler O'Neill & Partners LP, will join the advisory council of the Financial Accounting Standards Board next year.
November 25



