M&A
M&A
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In an otherwise down day for bank stocks, shares of Old National Bancorp rose sharply Monday after the Evansville, Ind., company reported strong earnings for the second quarter and added dozens of new branches with its acquisition of a failed bank.
August 1 -
Buffalo bank's deal for 195 HSBC branches will require raising capital, divesting and integrating technology. Execs insist it’s all manageable.
August 1 -
Just-in-time investing could be the next big thing in private equity investing, headed by Warburg Pincus in New York.
August 1 -
PNC Chief Rohr has "no interest" in Regions or SunTrust after RBC deal, Stifel Nicolaus analyst says.
August 1 -
The Federal Deposit Insurance Corp. has ordered three community banks hobbled by losses on real estate loans to raise fresh capital or merge with other banks.
August 1 - PSO content
HSBC plans to sell just under half of its retail banking branches in the U.S. to First Niagara Bank for an estimated $1 billion. Most of the 195 branches to be sold are in upstate New York, while six are in Connecticut.
August 1 -
Discover Financial Services' strategy to diversify beyond credit cards suffered a setback as the lender's deal to buy $1.1 billion in banking deposits from Allstate Corp. has fallen through.
August 1 -
The paper quotes First Niagara CEO John Koelmel as saying it will eventually have to do a capital raise to support the larger balance sheet. Antitrust issues may also arise, FT says.
July 31 -
HSBC, which has been scaling back its U.S. operations, struck a deal to sell 195 retail banking branches to First Niagara Financial for $1 billion in cash, the companies said Sunday.
July 31 - PSO content
Asset Acceptance Capital Corp., a Warren, Mich.-based debt buyer, reported Friday cash collections for the second quarter ended June 30 increased 5.9% compared to the year-ago period to $89.2 million.
July 31 -
Toronto-Dominion Bank, which doubled its branch count over the past six years through a U.S. expansion, plans to cut expense growth by as much as half to offset a slowdown in its home market.
July 29 -
Integra Bank in Evansville, Ind., was closed by the Office of the Comptroller of the Currency, after fighting to survive for nearly two years.
July 29 -
After ripping off 11 straight quarters of losses, the Blairsville, Ga., company reported a second-period profit last week. That turned heads.
July 29 -
SCBT Financial Corp. in Columbia, S.C., which bought a failed bank and raised capital in February, on Friday posted its best quarterly results in two years.
July 29 -
Integration of rare find in Texas could be done by yearend, and Comerica will be "regimented" about future expansion, Babb says.
July 28 -
Market evolution in recent decades has made it harder and harder for smaller institutions to access capital. Meanwhile, regulatory restrictions impede alternatives that could fill the void.
July 28 -
The pressure is on Comerica CEO Ralph Babb to prove the deal, which closed Thursday, was worth it. American Banker offers him some free talking points.
July 28 -
Bolstered by its acquisitions of two failed banks, Columbia Banking System Inc. in Tacoma, Wash., said Thursday that it earned $8.6 million in the second-quarter, an increase of 119% from the same period last year.
July 28 -
Tennessee Commerce Bancorp has come up with a novel solution for settling a past-due loan made to another bank holding company: forgive the loan and take control of the borrower's two subsidiary banks.
July 28 -
Eagle Bancorp Inc. in Bethesda, Md., has agreed to acquire Alliance Bankshares Corp. in Chantilly, Va.
July 27




