M&A
M&A
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Bridge Bancorp in Bridgehampton, N.Y., is looking to raise $50 million by selling common stock.
November 21 -
Distinct business plans in promising areas such as smart use of consumer data, cybersecurity and content creation, according to Bank of America Merrill Lynch commercial banking executive Scott Olmsted. And that is just the beginning of his list.
November 21 - Illinois
BMO Harris Bank in Chicago has agreed to sell 31 Wisconsin branches to a California real estate investment trust.
November 21 -
A number of states still have a disproportionately high percentage of unbanked and underbanked citizens. Bankers in those states hope that financial education, along with efforts to promote checking accounts and small-dollar loans, will get more people into the banking system.
November 21 -
Pinnacle Financial in Nashville, Tenn., has sold $120 million in subordinated notes and will use the proceeds to retire existing debt and bolster its capital levels.
November 21 -
Politicians clamoring for the largest U.S. institutions to be broken up have failed to consider the prospect of China acquiring a bigger piece of the American banking system.
November 21 -
Montana's biggest bank will have to compete in cities such as Seattle and Portland, Ore., after buying Cascade Bancorp. But the company is arguably more excited about its chances to grow in central Oregon and Idaho, which are more like its existing markets.
November 18 - Tennessee
Simmons First National in Pine Bluff, Ark., has agreed to buy the parent of First South Bank in Jackson, Tenn.
November 18 -
The $9 billion-asset First Interstate said in a press release Thursday that it will pay $589 million, or $7.60 a share, for the $3.2 billion-asset Cascade.
November 17 - Massachusetts
Abington Bank in Massachusetts is planning to merge with Holbrook Co-operative Bank in Massachusetts.
November 17 - Florida
Home BancShares in Conway, Ark., said in a press release Thursday that its bank has been declared the winning bidder for Bank of Commerce in Sarasota, Fla., as part of a bankruptcy auction.
November 17 -
Carter Bank in Virginia had been enjoying record profit until it was ordered to beef up Bank Secrecy Act compliance. The institution is the latest community bank to take a hit from enhanced oversight.
November 17 -
The complexity for large banks trying to improve culture is they are made up of different entities with competing missions and therefore competing cultures.
November 17 -
Sterling Bancorp in Montebello, N.Y., is planning to raise up to $81 million through a stock offering.
November 17 -
LendingTree has agreed to pay up to $130 million to acquire the credit card shopping site CompareCards.
November 17 -
Franklin Financial Network in Franklin, Tenn., is raising capital after being flagged by regulators for its exposure to commercial real estate.
November 16 -
PacWest Bancorp in Los Angeles has agreed to sell four properties in California to a real estate firm.
November 16 -
SouthCrest Financial Group in Woodstock, Ga., has agreed to sell its only Alabama branches to Guardian Credit Union in Montgomery, Ala.
November 16 -
MainStreet Bancshares in Fairfax, Va., has hired a veteran Virginia banker as its president.
November 16 -
The Farm Service Agency and the Small Business Administration seem to be taking longer to approve guarantees for loans to facilities that house livestock, creating another headache for bankers.
November 16





