M&A
M&A
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Steuben Trust received two bites from potential MOE partners, but the New York bank’s lightly traded stock and many other challenges forced a sale to a much larger rival instead.
January 2 -
The merger of BB&T and SunTrust, the largest bank deal in over a decade, dominated news throughout the year; New York investigated the wage access app Earnin, which critics claimed was actually a stealth payday lender; Libor is going dark in 2021, and some banks aren’t ready; and more from this year’s most-read stories.
December 31 -
From massive growth and consolidation to the fallout after the corporate credit union crisis, uncertainty at the National Credit Union Administration and more, here's a look at the decade in review.
December 31 -
2019 kicked off with a series of large, multibillion-dollar acquisitions that promised to forever change the landscape of the payments industry. And while those big deals were clustered at the start of the year, many other pivotal deals took place over the course of the year.
December 30 -
Credit unions bought banks at a record pace in 2019, but just a decade ago it had never been done before. Gary Easterling helped change that.
December 30 -
From new growth strategies to courts, Congress and the industry's own #MeToo moment, here's a look back at some of the year's biggest moments.
December 27 -
The big acquisitions of 2019 have created an environment for more deals to come, says FICO's Tim VanTassel.
December 27 -
Spirit of Texas Bancshares is acquiring four branches and a loan production office from Simmons First National as part of an aggressive expansion in its home state.
December 26 -
The prepaid card pioneer's banking-as-a-service platform might make it an attractive acquisition for an enterprise technology giant or bank, analysts say.
December 26 -
The prepaid card pioneer's banking-as-a-service platform might make it an attractive acquisition for an enterprise technology giant or bank, analysts say.
December 26 -
Incoming CEO Clint Stein said the Tacoma, Wash., company is ready to revisit deals after spending three years updating its digital platforms.
December 26 -
One found a buyer, another announced plans to retire, and others took steps to reinvent their banks.
December 23 -
The New Jersey company will pay $63 million for the parent of Victory State Bank.
December 23 -
To compete and remain relevant in 2020 and beyond, organizations must rapidly develop, test and deploy innovative new products and services in increasingly larger amounts, says Paragon Application Systems' Steve Gilde.
December 23 -
The community bank lobby has said the recent deals are another reason to rein in the credit union sector. Some House members are beginning to take notice.
December 22 -
PE firms have made investments in only seven banks in 2019, compared with 21 last year. Here's what's driving the slowdown.
December 22 -
The Louisiana company sold $30 million in stock to help fund its purchase of Cheaha Financial Group.
December 20 -
Fiserv has sold a lockbox processing unit to Deluxe, the second such acquisition for Deluxe in as many months.
December 20 -
Following a merger earlier this fall, McCone County FCU has unveiled its new name.
December 20 -
The company plans to sell more mortgages in the first quarter, which would bring its loan-to-deposit ratio below 100%.
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