M&A
M&A
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First Horizon National in Memphis, Tenn., has agreed to buy TrustAtlantic Financial in Raleigh, N.C.
October 22 -
A breakdown of M&A announcements in the financial services industry for the week ended Oct. 18.
October 21 -
CNB Financial reported higher quarter earnings after buying FC Bancorp in Ohio. The $2.2 billion-asset company reported an 18% increase in third-quarter earnings from a year earlier, to $5.5 million.
October 21 -
The $2.9 billion-asset company's third-quarter earnings more than tripled from the second quarter, which included upfront merger-related expenses, and rose 72% from a year earlier, to $5.9 million.
October 21 - Mississippi
The Mississippi company withdrew two merger applications in August after the FDIC targeted its Bank Secrecy Act compliance. Management says it has made significant progress and is looking forward to a follow-up exam early next year.
October 21 -
Wilshire Bancorp in Los Angeles reported higher quarterly profit that was boosted by recent acquisitions.
October 21 - Alabama
ServisFirst Bancshares in Birmingham, Ala., has agreed to buy Metro Bancshares in Atlanta.
October 20 -
BNC Bancorp in High Point, N.C., increased profits by nearly two-thirds thanks to higher net interest income and other factors.
October 20 -
PL Capital, upset that Metro Bancorp refuses to sell itself, has launched a proxy battle to gain two board seats at the Harrisburg, Pa., company.
October 20 -
The $1.5 billion-asset company disclosed in a regulatory filing Monday that Kathryn Pemble had become its Florida market president.
October 20 - Washington
Riverview Bancorp in Vancouver, Wash., is facing pressure from a large investor to sell itself.
October 20 -
Bank of Marin Bancorp in Novato, Calif., reported a significant increase in quarterly profit following an acquisition and organic growth.
October 20 -
René Jones, CFO of the Buffalo, N.Y., bank, artfully dodged more than a dozen versions of the same question from analysts: when, and if, is M&T's deal to buy Hudson City Bancorp going to get done?
October 17 -
HCBF Holding in Fort Pierce, Fla., has agreed to acquire First America Holding in Bradenton, Fla.
October 17 - Nebraska
Pinnacle Bancorp in Central City, Neb., has agreed to buy Home State Bank in Louisville, Neb.
October 17 -
Third-quarter earnings at Fidelity Southern in Atlanta increased after it completed a recent acquisition in Florida.
October 17 -
Huntington Bancshares in Columbus, Ohio, reported lower third-quarter earnings despite an uptick in revenue. The culprit was its nearly $23 million in special expenses.
October 17 -
Morgan Stanley reported earnings that almost doubled, beating analysts' estimates, on a 9 percent jump in revenue from trading stocks and bonds.
October 17 -
Wintrust Financial in Rosemont, Ill., reported third-quarter earnings of $40.2 million, as increases in interest and fee income were partially offset by heavier expenses.
October 16 -
The $1.1 billion-asset Starion did not disclose the terms of its deal for WPS Community, a federally chartered thrift with $98 million in assets.
October 16


