M&A
M&A
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The resulting institution has more than $190 million in assets and serves more than 24,000 members.
June 4 -
The company will gain $305 million in assets after completing the $51 million acquisition.
June 4 -
Here's a look at eight deals, why they were significant and why many more are expected.
June 3 -
Talking with Shari Van Cleave, head of Wells Fargo Digital Labs; Citizens Financial makes a big move in mortgages in purchasing Franklin American; a rewards blockchain could give Amex access to a wealth of customer data; and more from this week's most-read stories.
June 1 -
With a lighter compliance burden, small banks could shift tech spending to customer-facing innovation.
June 1 -
A lack of talent, capital and good business planning proved fatal for bank organizers in California and Georgia.
June 1 -
The subprime lender could lose a big partner now that Fiat Chrysler has officially announced it will form its own auto finance unit, and the two are negotiating an end to their 6-year-old relationship.
June 1 -
The company agreed to pay $32 million for Mercersburg Financial.
June 1 -
As other banks de-emphasize mortgage lending, Citizens is spending half a billion dollars to buy a large originator with a big servicing portfolio.
May 31 -
Proposal would simplify the rule prohibiting proprietary trading; Fiat Chrysler, which accounts for about a third of the unit’s business, may go solo.
May 31 -
The Rhode Island regional agreed to buy Franklin American Mortgage. With the acquisition it would have one of the nation's 15 largest bank-owned mortgage platforms.
May 31 -
With the acquisition of Confyrm, the bank is among the few players that are putting themselves in position to sell ID authentication services to other businesses.
May 30 -
Ingenico is negotiating a business combination with BS Payone that would boost its profile in parts of central Europe and allow it to counter multichannel moves by other major payment companies.
May 30 -
Blue Gate Bank, which opened in January 2017, is being sold to Big Poppy Holdings.
May 30 -
The authentication software and hardware provider is shifting its focus to identity verification and account onboarding, another sign that the newest generation of bank customers is not interested in coming into a branch to set up an account.
May 30 -
The company will also acquire three branches in Worcester County, Mass., when it buys the parent of Milford National Bank and Trust.
May 29 -
Industry consolidation can help boost bank profitability in the short run, but it’s no panacea for the industry’s bigger problems.
May 29 -
Square's taking on hundreds of millions of added debt to battle PayPal, indicating that the simple business model of turning a smartphone into a point of sale terminal is largely a thing of the past.
May 29 -
Independent Bank had no intention of expanding outside Texas until it gained a few stray branches in a neighboring state.
May 29 -
A new round of consolidation may be about to begin, starting in Europe; looser corporate underwriting standards and lower rates draw OCC attention.
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