M&A
M&A
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Shelby Community has just 1,000 members and $5 million in assets and will complete the merger into 1st Liberty by the end of August.
July 24 -
WesBanco, which is based in West Virginia, will have more than $15 billion in assets when it completes the acquisition.
July 23 -
Visa’s decision on how or if it will participate in Facebook’s cryptocurrency project will be based on how the social network handles the mountain of criticism and requirements that global regulators and lawmakers are heaping upon it.
July 23 -
The Mississippi company has agreed to buy First Florida Bancorp in Destin, Fla., as part of its plan to build a community bank stretching across the Gulf region.
July 23 -
There have now been a record 10 credit union-bank merger deals in 2019.
July 23 -
Earnings at the Cincinnati company fell 25% from the same period last year, largely due to $109 million in expenses tied to its March acquisition of MB Financial.
July 23 -
With the industry continuing to consolidate, credit unions must address mergers in their strategic planning sessions so they are ready to be on either side of the deal when the opportunity arises.
July 23 -
Several megabanks dominate the market, but First Choice is seeking to expand there by catering to its ready supply of midsize businesses. It's not the only one.
July 22 -
Will the new commitment, which is 5% over what the banks have reinvested recently on their own, assuage advocacy groups' concerns about the merger?
July 22 -
Ahead of a House hearing to examine his company's proposed merger with SunTrust, King tried to downplay regulatory concerns.
July 18 -
A centerpiece of her “economic patriotism” bill is to transform private equity firms, which she said will buy a company and bleed it dry before “walking away enriched even as the company succumbs.”
July 18 -
The former mutual, which had faced pressure from an activist investor, agreed to be sold to Corporate America Family Credit Union.
July 17 -
Card issuers are accustomed to a world in which consumers choose which card to use at the moment they make a purchase. But in the Amazon Go model that more retailers want to emulate, that choice is made long before the shopper enters the store.
July 17 -
The purchase of Ben Franklin Bank is the latest deal in a year that has seen a record number of CUs buying out the competition.
July 17 -
The Connecticut company, which will top that asset milestone when it buys United Financial, says it could acquire more banks in coming months.
July 16 -
The Connecticut company will add heft in its home state and Massachusetts when it buys the former mutual.
July 15 -
The company, based in Charleston, S.C., will buy Carolina Trust in western North Carolina for $100 million.
July 15 -
Alibaba’s Singles Day has created a proven template for a successful shopping holiday, and it’s now up to U.S. online giants like Amazon to apply a similar strategy, says PPRO's Steve Villegas.
July 15 -
President says Facebook could face “full banking regulation”; big banks’ farm loan portfolios have shrunk more than 17% since 2015
July 12 -
The $10 million-asset institution struggled with profitability, posting a loss of more than $12,000 during Q1.
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