M&A
M&A
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Both banks' need for scale started the conversation and the lifting of the SIFI threshold helped seal the deal. Here are five takeaways from one of the industry's biggest recent mergers.
January 28 -
With the government functioning again, Congress may finally turn its attention to credit union priorities.
January 28 -
After a nearly $100,000 loss in 2018, $30 million-asset Alliance Blackstone Valley Federal Credit Union is set to merge into Rhode Island CU and its network of branches across the state.
January 28 -
Chemical is paying roughly $3.6 billion for the $23.5 billion-asset TCF. The combined company will be based in Detroit, Chemical's hometown, and operate under the TCF brand.
January 28 -
John Ciulla, one year in as CEO of Webster Financial, discusses how he is preparing for the next downturn, picking his spots in tech spending, and remaining cautious about M&A.
January 27 -
The data aggregator has purchased Abe AI and plans to use the artificial intelligence firm's technology in a host of applications.
January 25 -
Georgia-based Augusta VAH Federal Credit Union is set to merge into South Carolina's SRP FCU.
January 25 -
Few investors will have heard of Earthport Plc. But the company has just become the target in a bidding war between Mastercard Inc. and Visa Inc.
January 25 -
In 2017, the National Credit Union Administration board approved provisions to make mergers more transparent. But one of those changes has become a casualty of the government closure.
January 25 -
Fiserv’s $22 billion deal to acquire First Data creates pressure to scale core banking and payment processing that may force further industry consolidation.
January 25 -
The Lake Mary, Fla., credit union has agreed to buy Fidelity Bank of Florida, which the SBA designated as a certified lender in 2017.
January 24 -
With SBA lending at a standstill, many small businesses can't access the capital they need to create and retain jobs, Stephen Steinour says.
January 24 -
While the transaction will lower the cost of servicing First Data’s massive debt, the fintech and processing giant will be more complex and ponderous, writes Eric Grover, a principal at Intrepid Ventures.
January 24 -
The New York company will add $504 million of asset-based and equipment finance loans as part of the acquisition.
January 23 -
Bank First's deal for Partnership is the third Wisconsin bank merger announced this week.
January 23 -
In selling its Walmart credit card portfolio to Capital One and extending a partnership with Sam’s Club that appeared to be in peril, Synchrony Financial avoids an expensive legal battle with the world’s largest retailer.
January 23 -
The Florida bank sold $344 million of taxi-medallion and other loans in the fourth quarter, saying it was positioning itself for the future.
January 23 -
The $1.9 billion-asset Schools Financial Credit Union has plans to merge into SchoolsFirst, which is already the largest credit union in California.
January 23 -
CEO Greg Carmichael says the Cincinnati bank will hire bankers in Denver, Dallas and Houston as part of a broader expansion into fast-growing markets that are home to lots of midsize firms. It is also interested in buying more fee-based businesses.
January 22 -
Provident's investment adviser unit will have nearly $3 billion in assets under management after it buys Tirschwell & Loewy.
January 22




















