M&A
M&A
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Metro Wire and CityMark Federal Credit Unions are set to merge, with Metro Wire's CEO retiring following the transition.
July 11 -
The three-state league will serve 180 credit unions with more than 6.5 million members.
July 11 -
The sale includes 160,000 accounts and more than $400 million in deposits.
July 10 -
The Orlando, Fla., bank has bought Allied Affiliated Funding in Dallas in an effort to branch out beyond traditional commercial and consumer lending.
July 10 -
Flagstar Bank, which is in the process of buying more than 50 branches from Wells Fargo, has hired Ryan Goldberg as a director of retail banking.
July 10 -
Jeff Deuel will take over as CEO of Heritage Bank in Olympia, Wash., for Brian Vance, who will remain as the head of the holding company until next year.
July 10 -
Coastal Financial in Everett, Wash., said that it could be active in M&A with capital from its IPO and that it has already identified several possible targets.
July 10 -
Citigroup and Mastercard replace Barclays and Visa as the card partners for the Maine apparel retailer.
July 9 -
First Western Financial in Denver could use the roughly $31 million it is hoping to raise to pay off debt and redeem preferred shares.
July 9 -
While sellers in urban centers are getting a lot of attention from acquirers, Southern Bancorp in Arkansas shows the upside of pursuing smaller deals in underserved rural markets.
July 6 -
Beach Community Bank, which recently added $100 million in capital, hired veteran banker Carl Chaney as its executive chairman.
July 6 -
JPMorgan Chase denied a report in the German magazine WirtschaftsWoche that it's interested in acquiring a stake in Deutsche Bank, after the lender's share price slumped.
July 6 -
There are signs that commercial loan demand finally picked up in the second quarter, but banks still face some obstacles.
July 5 -
The leader of an Ohio mutual is urging his peers to follow the lead of credit unions by forming groups to share technology and collaborate on lending and deposit gathering.
July 5 -
Entrust Datacard, which serves both sides of the physical and digital payments spectrum, sees the categories' fates as intertwined. The more momentum digital and mobile wallets have, the more opportunity they create for their plastic counterparts.
July 4 -
Northwest Bancshares in Pennsylvania, which built a reputation as an active acquirer, is taking a step back under Ronald Seiffert to evaluate ways to grow without M&A.
July 3 -
PFCU and SageLink Credit Union have combined to create an institution with more than $533 million in assets.
July 3 -
Aquesta Financial Holdings expects to record a post-tax gain of $1.7 million from the sale of its insurance business.
July 3 -
The deal is designed to improve capital ratios and reduce risk at the Seattle company.
July 3 -
While there are many reasons consolidation has slowed in the Keystone State over recent years, several factors in play could lead to a resurgence in activity.
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