M&A
M&A
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Access National's four-year-old wealth management subsidiary has grown rapidly and is poised to enter the black. The allure of fee revenues has drawn many community banks into this field amid weak loan growth and tight interest margins.
June 24 -
Credit Karma in San Francisco has raised $175 million in venture capital to expand its product offerings for consumers' personal finances.
June 24 -
Northwest Bancorp. in Spokane, Wash., has agreed to buy Fairfield Financial Holdings in Fairfield, Wash., for about $21 million in cash. The deal is expected to close in the fourth quarter.
June 24 -
SRS Acquiom, a provider of merger and acquisition services, has appointed former JPMorgan Chase executive Heidi Miller to its board.
June 23 -
The big bank has taken heat from social conservatives about its TV advertisement featuring a same-sex couple adopting a child, but Wells executives say the ad is part of a larger campaign that embraces the many demographic groups in its customer base.
June 23 -
Regions Financial and U.S. Bancorp are among the institutions that are using independent filmmakers to produce high-quality videos for YouTube and other channels. Industry experts warn, however, that success is far from assured in an already crowded social media world.
June 23 -
Congress should avoid becoming so focused on the problems with big banks that they overlook the community lenders suffering from a lack of regulatory relief.
June 23 -
PBB Bancorp in Los Angeles has agreed to buy First Mountain Bank in Big Bear Lake, Calif., for about $13.4 million in cash and stock.
June 23 -
Live Oak Bancshares in Wilmington, N.C., has filed registration documents for an initial public offering, with plans to raise up to $86.3 million.
June 22 -
A breakdown of M&A announcements in the financial services industry for the week ended June 20.
June 22 -
Community banks get almost half of their service charges from overdraft fees. That could become problematic as regulators continue to look into the issue.
June 22 -
Dickinson Financial in Kansas City, Mo., has consolidated several of its banks charters to cut costs and improve marketing to military members.
June 22 -
CoBiz Financial in Denver plans to issue up subordinated debt to redeem its shares in the Small Business Lending Fund.
June 22 -
Royal Financial in Chicago has agreed to sell $29.1 million in distressed assets, a deal mandated by a bankruptcy judge as part of the company's acquisition of PNA Bank.
June 22 -
The $20.4 billion-asset company said in a news release that it could offer fixed-to-floating rate non-cumulative perpetual preferred stock, according to a shelf registration filed with the Securities and Exchange Commission.
June 22 -
New York Community Bancorp would stay profitable and maintain capital levels well above the necessary minimum if it was hit with a sustained economic shock, its stress-test report said. It is one of the larger banks subject to the so-called DFAST review.
June 22 -
Atlantic Coast Financial in Jacksonville, Fla., is in talks to restructure its debt and has reversed the valuation allowance on a deferred tax asset.
June 22 - Georgia
John Poelker recently stepped down from CertusHoldings in Greenville, S.C., but in less than a year on the job he broke up a $1.7 billion-asset company that had lost roughly $170 million from 2012 to 2014 amid investor claims of mismanagement and excessive spending by his predecessors. Here's a look at how he did it.
June 22 - Arkansas
Bear State Financial in Little Rock, Ark., has agreed to buy Metropolitan National Bank in Springfield, Mo.
June 22 -
Eagle Bancorp Montana in Helena has completed a $10 million private placement of subordinated bonds.
June 19




