M&A
M&A
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American Banker readers share their views on the most pressing banking topics of the week. Comments are excerpted from reader response sections of AmericanBanker.com articles and from our social media platforms.
August 22 -
Blue Harbour Group, an activist investor fund, has amassed a 5.7% stake in Investors Bancorp in New Jersey.
August 21 -
Bryn Mawr Bank in Pennsylvania has agreed to buy Powers Craft Parker & Beard, an insurance broker and risk management consulting firm.
August 21 -
The Florida Office of Financial Regulation has approved Florida Central Credit Union's bid to buy a Sarasota, Fla., branch from First Federal Bank of Florida.
August 20 - North Carolina
HomeTrust Bank faced a legal challenge from HomeTown Bank after it entered southwestern Virginia. The now-resolved dispute serves as a reminder that banks must be aware of branding challenges when they enter new markets.
August 20 -
Southern Bancorp in Arkadelphia, Ark., has agreed to buy the Bank of Bolivar County in Shelby, Miss.
August 20 -
A former Eastern Bank executive has been charged with insider trading in connection with the Boston bank's 2010 purchase of Wainwright Bank & Trust.
August 19 -
Investors will remain reluctant to take on the personal risk inherent in establishing de novo community banks as long as new regulations remain unwieldy and returns stay low, according to Richard Magrann-Wells.
August 19 - PSO content
Bankers and industry representatives are taking serious issue with a Consumer Financial Protection Bureau alert that calls into question the transparency of contracts between colleges and financial institutions that offer student products.
August 19 -
Four Oaks Fincorp in Four Oaks, N.C., has raised $24 million through a rights offering.
August 18 -
An investor has filed a lawsuit to block the merger deal between the two First Citizens banks in the Carolinas, which are controlled by the Holding family. The case could turn on whether the directors on the special committees that reviewed the deal were truly independent of the Holdings.
August 15 -
The Providence, R.I., company is set to be spun off from its foreign parent, and executives are embracing the opportunity to simplify their products, expand lending and overhaul their customer experience.
August 15 - Oregon
Costs associated with its recent acquisition pushed Cascade Bancorp, in Bend, Ore., into the red in the second quarter.
August 15 -
Sun Bancorp in Mount Laurel, N.J., plans to raise approximately $20 million to fund its recent restructuring.
August 15 -
Beneficial Mutual Bancorp in Philadelphia, which dates back to 1853, is the latest old-school mutual thrift to announce plans for a second-step conversion to a fully public stockholder company.
August 14 -
C1 Financial, a $1.4 billion-asset company in St. Petersburg, Fla., raised $45 million today from its initial public offering.
August 14 -
Clayton Deutsch has spent the last several years streamlining Boston Private's past acquisitions in an effort to improve the company's profitability. With most of the cuts in place, the company is now eyeing acquisitions like the one it announced last month for Banyan Partners, a Florida investment adviser.
August 14 -
CenterState Banks in Davenport, Fla., plans to close additional branches from a recent acquisition.
August 14 -
First Citizens BancShares in Raleigh, N.C., has appointed Blake Coules chief risk officer.
August 14 -
Investment banker Jason R. Hach has joined Sandler ONeill following four years at its archrival Keefe, Bruyette & Woods.
August 13



