M&A
M&A
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From making cybersecurity a priority to enhanced biometrics, here's what's on the industry's wish list this holiday season.
December 24 -
A big splash by Fifth Third, a bid by WSFS to reinvent itself and some bold long-distance expansions highlighted a year where deal activity held steady but premiums rose.
December 23 -
The Office of the Comptroller of the Currency announced Friday that it has lifted restrictions relating to U.S. Bank's flawed efforts to prevent money laundering and Citi's deceptive marketing and billing practices.
December 21 -
The combination of CCF Holding, Heritage Bancorp. and Providence Bank will create a $1 billion-asset institution. Veteran bank investor Kenneth Lehman will be its chairman.
December 21 -
Selling $1.6 billion in mortgages, and paying off a similar amount of wholesale borrowings, will allow the company to expand its net interest margin in 2019.
December 21 -
Regulators have approved the proposed merger of Big Sky Federal Credit Union into Billings Federal Credit Union.
December 20 -
Old Dominion University Credit Union, which had two branches and about 3,000 members, has merged with Langley.
December 20 -
Stock Yards will remove a competitor in Louisville, Ky., and enter two markets outside of the city.
December 19 -
The sale should increase Shore's capital levels and allow it to expand its banking activities.
December 18 -
TransferMate, a cross-border B2B payments provider based in Ireland, has announced plans to buy Devisenwerk, a Swiss foreign exchange firm, to expand its capabilities and geographic reach.
December 18 -
Colony will also gain a loan production office in Atlanta when the transaction closes.
December 18 -
In a rare move, Maryland Financial is voluntarily liquidating after its customer base shrank and efforts to sell itself failed.
December 17 -
Ameris has agreed to pay $751 million for Atlanta-based Fidelity; the combined company would have $16 billion in assets.
December 17 -
Chicago Deferred Exchange, which helps clients defer tax hits from property sales, had about $1 billion in deposit flows this year.
December 17 -
Branch acquisitions, once a popular way to scale up in new markets, have started to go by the wayside in the digital age.
December 16 -
Hampton Roads Catholic Federal Credit Union had $5.3 million in assets and about 1,000 members before it merged with ABNB earlier this month.
December 14 -
The San Diego bank has agreed to assume $225 million in deposits at no premium from Modern Woodmen of America, which is shuttering MWABank, its direct bank subsidiary.
December 14 -
Virginia Partners will operate as a separate bank unit after the deal closes.
December 13 -
The Wilmington, Del., company has identified the 30 branches it plans to close or sell following its acquisition of Beneficial Bancorp in Philadelphia. Most of the closures will take place in Pennsylvania.
December 13 -
When Trinity Capital in New Mexico put itself up for sale last summer, it reached out to several local banks to gauge their interest. Then came a surprise offer from a suitor based a thousand miles away.
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