M&A
M&A
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BancorpSouth has delayed the closing of two bank acquisitions after regulators took issue with the Tupelo, Miss., company's compliance programs.
July 22 -
Cardtronics Inc. (CATM) is set to buy Welch ATM for $160 million, expanding the ATM provider with an additional 26,000 kiosks.
July 21 - Georgia
Regulators on Friday closed Eastside Commercial Bank in Conyers, Ga., the 13th institution to fail this year.
July 18 - Michigan
Mackinac Financial (MFNC) in Manistique, Mich., has agreed to buy Peninsula Financial in Ishpeming, Mich.
July 18 -
Synchrony Financial, the consumer- credit business being spun off by General Electric Co., is seeking a market value of as much as $22 billion in what may be the biggest U.S. initial public offering this year.
July 18 -
A community group has succeeded in forcing additional scrutiny of Banc of California's (BANC) expansion plans.
July 18 -
Bank of New York Mellon Corp., under pressure from activist Nelson Peltz to lift its share price, said second-quarter net income declined as the world's largest custody bank eliminated jobs to cut costs.
July 18 - California
Sierra Bancorp (BSRR) in Porterville, Calif., has agreed to buy Santa Clara Valley Bank (SCVE) in Santa Paula, Calif.
July 17 -
Home BancShares (HOMB) in Conway, Ark., got a big boost last quarter from a recent acquisition.
July 17 -
Aided by gains from a recent acquisition, Simmons First National (SFN) in Pine Bluff, Ark., reported a $9.9 million profit in the second quarter, a 51% increase from the same period last year.
July 17 -
First National Bank of Southern California in Riverside and First Mountain Bank (FMBP) in Big Bear Lake, Calif., have terminated their planned merger.
July 17 -
First Interstate BancSystem (FIBK) in Billings, Mont., will close eight branches after it acquires Mountain West Financial (MTWF) in Helena, Mont.
July 17 -
Trust-preferred creditors have forced two indebted bank holding companies into involuntary bankruptcy this summer. Secured lenders may soon follow their lead and start foreclosing on bank stock collateral.
July 17 -
KeyCorp (KEY) in Cleveland has agreed to buy Pacific Crest Securities, a technology-focused investment bank and capital markets firm.
July 17 -
Cardinal Financial (CFNL) in Tysons Corner, Va., blamed a 14% drop in profits on acquisition-related expenses.
July 16 -
Guaranty Bancorp (GBNK) in Denver has bought Cherry Hills Investment Advisors in Greenwood Village, Colo.
July 16 -
Farmers Bank & Trust in Magnolia, Ark., has agreed to acquire the 1st Bank of Texarkana, a $309 million-asset bank located just over the state line in Texas.
July 16 - Texas
Vantage Bancorp in San Antonio has agreed to buy Medina Bankshares in D'Hanis, Texas.
July 16 -
A community group opposes Banc of California's plans to buy 20 branches, saying management isn't being open about plans to serve low-income and minority customers. The bank says its all a misunderstanding. Still, the issue shows why banks must foster good relations with powerful advocacy groups.
July 16 - Ohio
Community Bancshares in McArthur, Ohio, has agreed to buy Citizens Bank of Asheville in Ohio.
July 16


