M&A
M&A
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The company will gain 10 branches and $145 million in loans after it buys Gideon Bancshares.
June 13 -
The company, which has completed eight acquisitions since 2015, agreed to buy City Bank and Trust in Oklahoma.
June 13 -
Nearly a third of the company's revenue will come from noninterest income after it buys SCB, which owns a large insurance and farmland management business.
June 12 -
Donegal Group and Donegal Mutual Insurance are selling the holding company for Union Community Bank in Lancaster County.
June 12 -
Seacoast's deposits in the central Florida city will increase by 49% after it completes the $133 million acquisition.
June 11 -
The company will pay $114 million to gain 10 branches and $482 million in assets.
June 11 -
While CEO Joseph Ficalora believes acquiring other banks would solve his company's funding issues, outsiders say its culture needs to change.
June 11 -
The Dallas auto lender might lose as much as one-third of its business if it severs ties with the automaker, raising fresh questions about whether its parent company will buy out shareholders and take full ownership.
June 8 -
The OCC finds that Wells Fargo was not alone in its sales abuse practices (though it's not naming names); Fifth Third's Tim Spence is our Digital Banker of the Year; the CFPB acting director wipes out the agency's Consumer Advisory Board; and more from this week's most-read stories.
June 8 -
The firms were initially slated to be included in a newly merged trade association, but they were blocked after some executives objected to adding more Wall Street banks.
June 8 -
The Pittsburgh company said that the moves would improve both operating efficiency in its retail network and the credit profile of its consumer loan portfolio.
June 7 -
TSYS has purchased iMobile3, a maker of private-label payment solutions for small businesses, to beef up merchants' capabilities through the point of sale.
June 7 -
Ameris Bancorp said that Edwin Hortman will step down as president and CEO in July but will continue as chairman.
June 7 -
First Midwest Bancorp has agreed to buy Northern States Financial in Waukegan, Ill., for $91 million.
June 7 -
Brand Group in Georgia was mulling a public offering but it opted to test the waters as a seller first. That decision led to one of the biggest bank deals announced this year.
June 6 -
The OCC finds widespread problems in bank retail sales practices; Ripple and Swift competition for payments pits technology against convention.
June 6 -
The low-cost deposits that come with the deal for 52 Wells branches in four states should fund the Michigan company's effort to become a commercial lender.
June 5 -
The Michigan company will buy 52 branches and $2.3 billion in deposits from the San Francisco banking giant.
June 5 -
UniCredit and Société Générale are discussing a merger; Revolut also plans to launch its mobile service in the U.S. this summer.
June 5 -
Black Knight has acquired HeavyWater, a developer of artificial intelligence and machine learning technology for the mortgage industry, and plans to incorporate the startup's borrower data verification and other automation capabilities into its existing product suite.
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