M&A
M&A
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Northwest Bancshares in Warren, Pa., has agreed to buy LNB Bancorp in Lorain, Ohio.
December 16 - Minnesota
The $16.3 billion-asset UMB will pay $182.5 million in stock for the Marquette, which is owned by the Pohlad family. The acquisition, which values Marquette at 160% of its tangible book value, is expected to close in mid-2015.
December 15 -
A breakdown of M&A announcements in the financial services industry for the week ended Dec. 12.
December 15 - PSO content
Bidding is over in the first bankruptcy auction to be held at the demand of trust-preferred creditors, but there's no clear winner.
December 15 - New York
Bridge Bancorp in Bridgehampton, N.Y., has agreed to buy Community National Bank in Melville, N.Y.
December 15 -
Trevor Burgess, CEO of C1 Financial, brings an investment banker's irreverence to the normally decorous business of community banking. But he's produced a record that backs up his brash talk.
December 14 -
BBVA's purchase this week of Madiva Soluciones will help it solve customer analytics problems. But more importantly, it brings the bank a stable of experienced data scientists.
December 12 - Mississippi
The Mississippi company is hopeful examiners will recognize progress made on Bank Secrecy Act compliance, including a much bigger staff and enhanced systems. If all goes well, BancorpSouth could have a consent order lifted, paving the way for it to refile applications for two acquisitions it hopes to complete next year.
December 12 -
Bidding is over in the first bankruptcy auction to be held at the demand of trust-preferred creditors, but there's no clear winner.
December 12 -
WASHINGTON Congress passed legislation late Thursday that will expand community bank access to the debt markets in order to finance acquisitions.
December 12 -
Investors in the failed Tennessee Commerce Bank have reached a tentative agreement to resolve a two-year-old class action involving the bank.
December 11 - Georgia
Georgia once was known as the state hit with the most bank failures. Renasant's agreement to buy Heritage Financial in Albany, Ga., is the latest of several deals where buyers have paid strong premiums to enter or expand in the state.
December 11 - Connecticut
The $1 billion-asset ESB said in a press release Thursday that it will pay $53 million in cash for the $333 million-asset Citizens National.
December 11 -
NCAL Bancorp in Los Angeles has raised nearly $11 million in the first stage of its stock sale.
December 11 -
Renasant Corp. in Tupelo, Miss., has agreed to buy Heritage Financial Group in Albany, Ga., for roughly $258 million.
December 10 -
ViewPoint Financial is on the verge of finalizing its $300 million acquisition of LegacyTexas Group, a deal that was delayed two times.
December 10 -
Anchor Bancorp in St. Paul, Minn., has agreed to buy VFSC in Eden Prairie, Minn.
December 10 -
Activist investor Joseph Stilwell is threatening to fight yet another proxy battle against Harvard Illinois Bancorp.
December 9 -
Deborah Wright, who is set to retire as Carver's CEO at year-end, says the New York bank is preparing new products to reach underserved parts of the city. While she says community development banks should merge, Carver has no immediately plans to roll them up.
December 9 - New Jersey
M&T Bancorp in Buffalo, N.Y., has once again delayed its planned purchase of Hudson City Bancorp in Paramus, N.J.
December 9


