M&A
M&A
-
Canadian Imperial Bank of Commerce has made good on its promise to keep key PrivateBancorp executives.
September 9 -
Admitting he should have moved more quickly to retool management during a decade of explosive growth, First NBC Bank Chairman and Chief Executive Ashton Ryan Jr. announced several changes designed to improve the New Orleans company's governance practices.
September 9 -
Huntingdon Valley Bank in Pennsylvania has revived its plan for a mutual conversion.
September 9 -
F.N.B. Corp. in Pittsburgh has recruited an executive from the recently sold FirstMerit Bank to spearhead its data-security efforts.
September 9 -
Glen Burnie Bancorp in Glen Burnie, Md., has decided it can do without a chief operating officer.
September 9 -
Old National Bancorp's more than 2,900 employees are treated to a variety of benefits, including financial help during personal emergencies. These benefits are seen as necessary steps to keep employees happy and reduce turnover.
September 9 -
Severn Bancorp in Annapolis, Md., has redeemed the last shares tied to the Troubled Asset Relief Program.
September 9 -
United Community Financial in Youngstown, Ohio, has agreed to buy Ohio Legacy Corp. in North Canton for $40.3 million, or $18 a share, in cash and stock.
September 8 -
Orrstown Financial Services in Shippensburg, Pa., has hired three former rivals from Metro Bank in Harrisburg: Adam Metz, Andrew Johnson and Doug Hummer.
September 8 -
Colony Bankcorp in Fitzgerald, Ga., has redeemed $3.6 million in perpetual preferred stock associated with the Troubled Asset Relief Program.
September 8 -
A rising number of banks are looking to become community development financial institutions, emboldened by low-cost capital and an exemption from the ability-to-repay rule.
September 8 -
Captex Bancshares, which has been created by George Lea and Michael Thomas Jr., has an agreement to buy the $165 million-asset parent of First National Bank of Trenton. Captex did not disclose how much it would pay for the acquisition, which is expected to close in the first quarter.
September 8 -
The large marketplace lender is turning to everyday savers as it seeks to bounce back from a damaging scandal.
September 8 -
TIAA will promote one of its own to chair its expanded bank after it buys EverBank Financial in Jacksonville, Fla.
September 7 - WIB PH
CIT Group's likely sale of its aircraft unit would reduce it to just above the threshold for systemically important financial institutions. Some analysts and investors want CEO Ellen Alemany to downsize the commercial lender further.
September 7 -
Opus Bank in Irvine, Calf., has given more responsibilities to its head of capital markets.
September 7 -
Under pressure from regulators and consumer advocates, brick-and-mortar banks are now offering overdraft-free accounts. But online-only and community banks still have them beat as the type and number of fees associated with big-bank checking have multiplied.
September 6 -
The Federal Deposit Insurance Corp.s recent statements encouraging new bank applications are promising, but some barriers to new charters may remain inside the FDIC and we are still waiting for the first de novo of 2016.
September 6 -
AltaPacific Bancorp in Santa Rosa, Calif., has agreed to buy Commerce Bank of Temecula Valley in Murrieta, Calif.
September 6 -
Rajinder P. Singh said he deliberated awhile before deciding hes game for the challenge of succeeding John Kanas, and he sought to reassure any investors who had expected Kanas wouldnt go without selling the bank.
September 2





