M&A
M&A
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OceanFirst Financial in Toms River, N.J., has agreed to buy Ocean Shore Holding in Ocean City, N.J.
July 13 - Indiana
Horizon Bancorp in Michigan City, Ind., has agreed to buy CNB Bancorp in Attica, Ind.
July 12 -
KeyCorp has received the Federal Reserve Board's approval to buy First Niagara Financial Group. The $4.1 billion deal is expected to be completed on or about Aug. 1.
July 12 -
Despite recent controversy over Tesla crashes, the march toward autonomous driving technology continues. And that means big changes for auto lenders.
July 12 -
A couple of years ago, the activist investor Joseph Stilwell said Anchor Bancorp in Lacey, Wash., deserved more time to try to right itself. Apparently he thinks that time is up.
July 12 -
Banks with a special focus, such as social equality or environmental sustainability, have to overcome additional hurdles while looking for an acquisition.
July 12 -
The leading Democrat on the Senate Banking Committee said Tuesday he was "optimistic" about lawmakers' making changes to improve the Dodd-Frank Act next year, while lauding JPMorgan Chase's decision to raise its minimum wage from $10.15 an hour to $12.
July 12 -
BancAlliance, a consortium of more than 200 community banks, is partnering with the digital wealth management firm Personal Capital.
July 12 -
The combination of smarter consumers and likely CFPB action have, oddly enough, pushed banks, especially large ones, to raise overdraft fees in recent months.
July 11 -
Offering a new product or considering a merger may boost returns, but the Office of the Comptroller of the Currency says changes in strategy can be risky.
July 11 -
The management team at Bank of the Ozarks knows it has a dependency on commercial real estate. But they assert that sound underwriting, and efforts to diversify, are what really matters when assessing risk.
July 11 -
First Hawaiian Bank in Honolulu will be spun off rather than sold.
July 11 -
KeyCorp's proposed acquisition of First Niagara Financial has won support from Senator Chuck Schumer of New York, who had opposed the deal because of planned job losses in his state, after KeyCorp agreed to cut no more than 250 positions after the merger.
July 11 -
Royal Bank of Canada and CIBC have plunked down $9 billion in the past year to buy U.S. banks, ending a brief lull from Canadian banks. Expect more activity from those banks and others.
July 8 - California
Cathay General Bancorp in Los Angeles has agreed to buy SinoPac Bancorp from Bank SinoPac in Taiwan.
July 8 -
Banks must come to grips with the fact that adapting to the industry's transformational changes means having new faces in the corporate suite.
July 8 -
At least eight small mutuals have agreed in recent years to merge with another institution rather than convert to stock ownership. More deals could be on the way.
July 7 -
Freddie Mac is on track to issue mortgage-backed securities via a common securities platform by the end of this year, according to the Federal Housing Finance Agency.
July 7 -
Calling the crazy-idea department a U.S. Bancorp-branded bus is more than halfway through a cross-country, social-media-tracked journey to promote community development and alter its profile. It's an example of the new style of reputation-oriented marketing being pursued by banks.
July 7 -
Citigroup Inc. is exploring the sale of a fixed income analytics business called Yield Book, according to people familiar with the matter.
July 7







