M&A
M&A
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Umpqua Holdings' second-quarter profit surpassed Wall Street expectations, which exclude costs tied to the Portland, Ore., companys purchase of Sterling Financial.
July 23 -
United Financial Bancorp in Glastonbury, Conn., reported a second-quarter loss largely tied to the costs of merging with Rockville Financial.
July 23 -
Quarterly profits plunged at Hudson City Bancorp in Paramus, N.J., last quarter as it awaits regulatory approval to be sold to M&T Bank.
July 23 -
CEO Joe Ficalora says the thrift has ways it can buy time to announce a transformative acquisition or benefit from a change in the definition of what it requires to be a systemically important institution. With OneWest off the table, industry observers wonder if the thrift can find the deal its been looking for.
July 23 - Massachusetts
A deal between two Massachusetts banks is expected to close ahead of schedule after the selling bank's shareholders approved it Tuesday.
July 23 -
UMB Financial in Kansas City, Mo., relied on strong investment-services and other fees to boost earnings last quarter.
July 23 -
You might think overhead expenses as a percentage of average assets decline as institutions get bigger. You'd be wrong.
July 23 -
New York Community Bancorp's quarterly profit slipped from a year earlier despite strong loan growth and gains from property sales.
July 23 -
F.N.B. in Pittsburgh is reaping the benefits of its recent expansions into other major cities. The $15 billion-asset bank reported a second-quarter profit of $34.8 million, an increase of 19% from the year-earlier period.
July 22 -
Sixteen banks, along with John Eggemeyer and Tim Chrisman, raised $6.3 million to keep the Hispanic-focused bank from failing.
July 22 - Pennsylvania
Codorus Valley Bancorp in York, Pa., has agreed to buy Madison Bancorp in Baltimore.
July 22 -
Mercantile Bank in Grand Rapids, Mich., reported a significant decline in earnings that was largely tied to merger-related costs.
July 22 -
John Thain had a clear answer for every question analysts posed about CIT's deal for OneWest. His takes on SIFI regulations, the mortgage business and retail banking challenge the conventional wisdom of many bankers.
July 22 -
Colony Financial in Santa Monica, Calif., plans to raise up to $382 million by selling common stock.
July 22 -
PacWest Bancorp in Los Angeles reported higher quarterly earnings aided by its acquisition of CapitalSource.
July 22 -
Aided by gains in fee income, lower expenses and double-digit commercial loan growth, FirstMerit in Akron, Ohio, reported a profit of $59.5 million in the second quarter, up nearly 23% from the same period in last year.
July 22 - Indiana
First Merchants in Muncie, Ind., has agreed to buy Community Bancshares in Noblesville, Ind.
July 22 -
Wilshire Bancorp (WIBC) in Los Angeles reported an increase in quarterly profit tied largely to recent acquisitions.
July 22 - New York
Astoria Financial in Lake Success, N.Y., has agreed to sell certain nonperforming loans to Credit Suisse at a nearly $9 million loss.
July 22 -
CIT Group, the commercial lender led by John A. Thain, agreed to buy OneWest Bank parent IMB Holdco for $3.4 billion, attaching a regional bank to a national loan platform in an effort to boost profit.
July 22


