M&A
M&A
-
Metro Bancorp, a company under fire from activist investors, has adopted a shareholder rights agreement that will provide common stock shareholders a dividend of one right per share.
February 17 -
Union Bankshares in Richmond, Va., and Entegra Financial in Franklin, N.C., are rebranding their banks.
February 17 -
The confirmation hearing for attorney general nominee Loretta Lynch suggested a shift in legislators' attitudes toward banks. Rather than the usual focus on banks' alleged misdeeds, lawmakers cast them as victims of government overreach in Operation Choke Point.
February 17 -
Georgia state regulators on Friday closed the $272 million-asset Capitol City Bank & Trust Co., in Atlanta, the third institution to fail this year.
February 13 -
Branch closings draw big headlines, but several large banks are entering new markets or bulking up in underrepresented cities by adding branches and hiring lenders. Bank of America, for instance, is planning a retail push in Denver and Minneapolis.
February 13 - Missouri
H&R Block in Kansas City, Mo., and BofI Holding in San Diego have pushed back the closing date for transferring ownership of H&R Block Bank.
February 13 -
A bank's culture cannot be chosen. Its values and goals can be. And an appropriate combination of values and goals then creates the environment to achieve a positive and lasting culture.
February 13 -
Bank of the Ozarks in Little Rock, Ark., and WesBanco in Wheeling, W.Va., each completed acquisitions this week.
February 11 -
United Community Banks in Blairsville, Ga., has solidified Lynn Harton's hold as the eventual successor to Chief Executive Jimmy Tallent.
February 11 -
Metro Bancorp, which has been fielding calls to sell itself for nearly a year, disclosed that CEO Gary Nalbandian will take a medical leave to undergo bypass surgery. Metro's executive team will be tasked with an ongoing effort to improve performance and remain independent.
February 11 -
U.S. Bancorp in Minneapolis has appointed Amy Hurd as head of its in-store and on-site banking division.
February 11 -
Citizens & Northern Corporation in Wellsboro, Pa., has named J. Bradley Scovill its new president and chief executive officer.
February 10 -
Bank Mutual Corp. is planning to close seven branches in Wisconsin.
February 10 -
Wilshire Bancorp in Los Angeles has agreed to buy Manhattan Bancorp's mortgage lending division.
February 9 -
The Puerto Rican bank faces a deadline to raise capital or sell itself. With recapitalization a challenging prospect, here's a look at how other scenarios could play out.
February 9 -
A breakdown of M&A announcements in the financial services industry for the week ended Feb. 7.
February 9 -
Orange County Business Bank in Irvine, Calif., is facing a proxy battle from a Dallas investment firm.
February 9 -
The $94 billion-asset company said in a press release Monday that it had hired Terry Jenkins as president of Key Private Bank. He is succeeding Tim Swanson, who will remain KeyCorp's chief investment officer.
February 9 - Kentucky
Ohio Valley Financial Group in Henderson, Ky., has merged with BankTrust Financial in Henderson.
February 9 -
Grand River Commerce in Grandville, Mich., has raised $10.7 million through a private placement.
February 9




