M&A
M&A
- New York
Signature Bank in New York has filed a plan to sell about $299 million in common stock.
January 22 -
Associated Banc-Corp in Green Bay, Wis., reported fourth-quarter earnings of $42.8 million, a 12.2% drop from a year earlier as the company set aside a significantly higher amount of money to address potential problems in its energy portfolio.
January 22 -
Independent Bank Group in McKinney, Texas, has exited the Small Business Lending Fund program.
January 22 -
John Kanas, BankUnited's CEO, said the business never turned a profit, and there were no indications that it would. The company, meanwhile, remains committed to other residential lending operations while focusing on expanding its other businesses across Florida.
January 22 -
Progressives' push for a more drastic overhaul of the industry ignores post-crisis changes that have had an undeniably positive effect.
January 22 -
People's United Financial in Bridgeport, Conn., rode the sale of its payroll services business to a higher profit in the fourth quarter.
January 21 -
At least five regional banks on Thursday discarded concerns about the global economy, stocks, interest rates and credit quality, forecasting loan growth for the rest of this year.
January 21 -
Fourth-quarter earnings reports probably couldn't have been scheduled for a worse time. Banks reported results (and sometimes good ones) right as the markets and the price of oil tanked. The cold reception from investors and analysts is a reminder of how sometimes the analysis of a banks' numbers has little to do with the past quarter, and more to do what's going on right now.
January 21 - New York
KeyCorp believes it can surpass cost-cutting projections tied to its purchase of First Niagara Financial, while BB&T believes market duress could present it with more acquisition opportunities.
January 21 -
Aquesta Financial Services in Cornelius, N.C., has acquired an insurance portfolio from James E. Moore Agency in Wilmington, N.C.
January 21 -
BB&T in Winston-Salem, N.C., plans to shut down an auto leasing business it inherited after buying Susquehanna Bancshares in Lititz, Pa.
January 21 -
ASB Bancorp in Asheville, N.C., has agreed to appoint to its board the activist investor Lawrence Seidman and another representative picked by Seidman.
January 21 - Ohio
KeyCorp reported lower quarterly results that reflected higher expenses and lower fee income.
January 21 -
Fiserv in Brookfield, Wis., has agreed to buy the community financial services business of ACI Worldwide for $200 million in cash.
January 21 -
Fifth Third Bancorp in Cincinnati on Thursday reported a big spike in profits, after selling shares in the payment processor Vantiv.
January 21 -
BB&T in Winston-Salem, N.C., posted lower quarterly results that largely reflected lower fee income and costs tied to recent acquisitions.
January 21 -
Cullen/Frost Bankers in San Antonio said it plans to report a large increase in its loan-loss provision because of issues in the energy sector.
January 20 -
Barclays Chief Executive Officer Jes Staley has started a fresh round of cuts at the investment bank, affecting staff in New York, London and most deeply in Asia, according to a person with knowledge of the matter.
January 20 - Florida
Pinnacle Financial Partners in Nashville, Tenn., has agreed to buy a bigger stake in Bankers Healthcare Group in Southwest Ranches, Fla.
January 20 - Illinois
Wintrust Financial's fourth-quarter earnings fell 7% from a year earlier, to $35.5 million, as a revenue surge failed to offset the higher costs associated with recent acquisitions.
January 19




