M&A
M&A
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PNC’s recent acquisition of BBVA's U.S. operations won quick approval from regulators, but a recent presidential directive promises more scrutiny of such deals, according to CEO Bill Demchak.
July 14 -
Acquiring the city’s largest bank would give Pittsburgh-based FNB the No. 6 market share in Maryland's largest city.
July 13 -
Citigroup plans to exit Venezuela by selling its remaining business there, ending more than a century of operating in the South American country.
July 12 -
Lakeland is paying $244 million for 1st Constitution Bancorp. The combined bank would be the fifth largest by deposit market share in New Jersey.
July 12 -
The economic forces driving dealmaking will overcome any regulatory risk posed by the president's call for stricter vetting of bank merger applications — especially among community banks, experts say. The White House push could even nudge some executives to cut deals sooner.
July 12 -
HSBC Holdings’ streamlining drive has reached its top executives, with the bank promising to shake up a “hierarchical culture.”
July 9 -
The White House is calling on the Department of Justice and federal regulators to give bank deals more scrutiny as part of a broader executive order meant to encourage competition across the U.S. economy.
July 9 -
In the midst of its merger with CIT Group, First Citizens in North Carolina has hired an in-house chief counsel with experience in corporate integrations.
July 9 -
The Minneapolis company has agreed to buy PFM Asset Management. Like many in the industry, it is hunting for additional sources of noninterest income.
July 8 -
Fringe Benefits Design in Bloomington, Minnesota, will become a consultant of the buyer's Benefit Plans Administrative Services unit.
July 2 -
The deal is expected to generate for significant cost savings that could Mid Penn could then use to fund its expansion in the Pittsburgh market.
July 1 -
Langley Federal Credit Union in Newport News and Virginia Beach Schools Federal Credit Union would serve more than 300,000 members after combining.
July 1 -
HoldCo Asset Management opposed the $900 million deal, arguing that Boston Private failed to consider other potential buyers and did not attract an acceptable price.
July 1 -
The buyer is acquiring Westchester Bank Holding Corp. in White Plains, New York, for $220 million. While a relatively small deal for Valley, it fills a geographic gap in its metro New York footprint.
June 29 -
The deal follows JPMorgan’s recent takeover of 55ip, a fintech that focuses on helping investors cut their tax liabilities.
June 29 -
With an agreement in hand to buy Bank of Commerce Holdings in Sacramento, the Washington company will prioritize filling in a 200-mile gap between the seller's footprint and its own.
June 25 -
U.S. regulators blocked the card network's attempt to buy Plaid last year for antitrust reasons. Its bid to acquire Tink, a similar company based in Sweden, may have a better shot given European officials' desire to promote open banking.
June 24 -
Visa Inc. has agreed to buy Swedish open-banking platform Tink AB as the payment giant looks to expand beyond its card network.
June 24 -
The deal for Bank of Commerce Holdings in Sacramento would be the first bank acquisition in the Golden State for Tacoma, Washington-based Columbia.
June 24 -
The combined company will operate under the Royal name and leadership.
June 23



















