M&A
M&A
-
Many banks have already scaled back home lending or even left the business. With profit margins shrinking, inventories of homes at crisis levels and competition from nonbanks intensifying, that’s unlikely to change.
May 29 -
Speaking at a conference on Wednesday, CFO Howell McCullough mostly ruled out a merger of equals as a growth strategy for the $108 billion-asset Huntington.
May 29 -
Purpose Financial has agreed to purchase CreditGenie Inc. as payment companies face pressure to offer point of sale financing.
May 29 -
A strong economy and the chance to court Hispanic customers and businesses have banks interested in the region once more.
May 29 -
Having already recently absorbed Los Angeles-based Cedars-Sinai FCU, Credit Union of Southern California is now set to pick up tiny FedONE FCU.
May 29 - Edit License
Global Payments' purchase of TSYS is the latest merger of large payment technology companies — and by no means the last.
May 28 -
Payment industry mega-mergers continue with $21.5B deal; the cryptocurrency is up 140% this year, including 70% this month.
May 28 -
TSYS and Global Payments have announced a $21.5 billion merger, the third M&A deal in the financial/fintech industry of more than $20 billion this year.
May 28 -
Jury's out on whether BB&T-SunTrust will serve the community or Wall Street; 'we were willing to shock historical norms,' says Otting on OCC's makeover; is it too late for Congress to stop CECL?; and more from this week's most-read stories.
May 24 -
Following the FIS-Worldpay and Fiserv-First Data deals, the payments and bank technology industries are in the midst of major consolidation, and TSYS is looking for a merger partner to stay competitive.
May 24 - PSO content
Global Payments Inc. has held talks with Total System Services Inc. about a potential deal, according to people familiar with the matter, in what could be the third mega-merger in the payments industry this year.
May 24 -
The biggest deal in more than a decade has sparked debate about the pressure for more bank consolidation and whether consumers will be hurt.
May 23 -
Anthony DeChellis’ strategy for staying relevant in a competitive metro market is a little odd — rebuild the private banking business his predecessor shrank — but observers say he might be the executive who can pull it off.
May 22 -
Payment processors and fintechs are rapidly consolidating in a series of M&A deals, and Canadian payments company Nuvei is making its bet via a $889 million deal to acquire SafeCharge.
May 22 -
The parent of Ponce Bank has agreed to acquire Mortgage World Bankers.
May 22 -
There have been six of these transactions announced this year and more are likely as credit unions look for loan and deposit growth.
May 22 -
BB&T’s chief executive has not prioritized meeting with local leaders and consumer advocates to discuss its merger plans, missing a valuable opportunity to create a new kind of large bank.
May 21 -
The company agreed to buy Charter Bank, which has four branches and $161 million in assets.
May 21 -
First Internet will gain lenders and servicing staff, along with offices in Chicago and Indianapolis, from the deal.
May 21 -
Visa’s recent green light from U.K. regulators to complete its Earthport acquisition was more than just the clearing of a regulatory hurdle — it was a revealing look at how important it has become for the card networks to diversify.
May 21

















