M&A
M&A
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ING Groep NV, the biggest Dutch bank, said it will end an investment in its former U.S. insurance unit, Voya Financial Inc., by selling 45.6 million shares.
March 3 -
HomeTrust Bancshares created a special call center and encouraged tellers to invite ATM customers inside the branches to answer questions and to differentiate the company from Bank of America in terms of fees.
March 3 -
Trade-based money laundering happens outside the financial system. But it can still create major issues for banks because criminals typically deposit their profits in bank accounts.
March 3 -
The $691 million-asset Howard will pay $10.1 million, or $5.09 a share, in cash and stock for the $226 million-asset Patapsco.
March 3 -
The California company has poached lenders from larger rivals, while expanding into specialty finance lines. Those moves have positioned Opus for a growth spurt that should outpace organic growth at most other community banks.
March 3 -
Springleaf Holdings Inc., the U.S. consumer lender that sold stock to the public in 2013, agreed to buy Citigroup's subprime lender OneMain Financial for $4.25 billion in cash.
March 3 - New York
Sterling Bancorp in Montebello, N.Y., has acquired payroll funding firm Damian Services Corp.
March 3 - Pennsylvania
WSFS Financial in Wilmington, Del., has agreed to buy Alliance Bancorp Inc. of Pennsylvania in Broomall.
March 3 -
Wintrust Financial in Rosemont, Ill., has agreed to buy Community Financial Shares in Wheaton, Ill.
March 3 -
PacWest needed deposits to fuel its lending machine. Square 1 was drowning in liquidity. Similar deals could be in the works as low-cost deposits become more valuable in light of likely interest-rate increases.
March 2 -
A breakdown of M&A announcements in the financial services industry for the week ended Feb. 28.
March 2 -
A hedge fund is pressuring Webster Financial in Waterbury, Conn., to consider spinning off its health savings account division.
March 2 -
International remittances grew at a number of banks last year, according to new data, but anti-money-laundering rules may make the fee-based business too expensive to keep.
March 2 -
Eagle Bancorp in Bethesda, Md., is looking to raise funds to exit the Small Business Lending Fund.
March 2 -
State Bank Financial in Atlanta has acquired Boyett Agency to serve as the foundation for a new insurance division.
March 2 -
PacWest Bancorp in Los Angeles has agreed to buy Square 1 Financial in Durham, N.C.
March 2 - Puerto Rico
Popular and FirstBank gained critical branches and deposits in a region where growth is hard to come by. Some observers said it could also benefit the island to have one less competitor.
February 27 -
Hudson City Bancorp in Paramus, N.J., has been released from an enforcement action with federal regulators.
February 27 -
Embattled mortgage servicer Ocwen Financial faces up to $26 billion in damage claims by bondholders and a greater risk of being fired as a mortgage servicer on thousands of small, private-label trusts.
February 27 -
The $1.4 billion-asset company said in a press release Friday that it will allow Richard Lashley, a co-founder of PL Capital, to join its board.
February 27




