M&A
M&A
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Once heavy on grey type, Bank of North Carolina's reports are now dotted with colorful graphs, charts and heat maps so that busy senior executives and board members can quickly assess things like loan data and branch profitability and keep better tabs on the integration of acquired banks.
June 17 -
First Financial Bancorp of Cincinnati has pushed back the expected closing date for its acquisitions of First Bexley Bank and Insight Bank, pending a review by the Office of the Comptroller of the Currency.
June 17 -
A breakdown of M&A announcements in the financial services industry for the week ended June 14.
June 16 -
Six directors at Solera National Bancorp (SLRK) have resigned as the Lakewood, Colo., company remains embroiled in a messy public struggle with its biggest investor.
June 16 -
A federal district court in Washington upheld another ruling disallowing three hedge funds controlling portions of a defaulted loan from voting on a reorganization plan. The ruling could impact banks as they make more concessions to win business.
June 16 -
Commerce Bancshares (CBSH) of Kansas City, Mo., expects to sell $150 million in preferred stock, which it will use to buy back $200 million of its common stock.
June 13 -
The $7.4 billion-asset company announced this week that it is planning a branch in Greenville, S.C.
June 13 -
Citigroup (NYSE: C) is selling its consumer banking business in Greece as it part of its ongoing plan to scale back its operations in certain foreign markets.
June 13 -
Old National Bancorp CEO Bob Jones talks about how his bank has made employee retention a priority in acquisition deals after losing a lending team to rival First Financial Bancorp.
June 12 - Ohio
Harwood Feffer promised to investigate claims against First Citizens Banc Corp in Ohio for agreeing to sell itself. The problem? The law firm should have been targeting First Citizens Bancorp. in South Carolina.
June 12 - North Carolina
The Holding family has held large stakes in several banks for years; two of those banks are finally merging as part of a $637 million deal.
June 11 -
Struggling North Milwaukee Bancshares is asking its home city for a cash infusion, but the city has so far been reluctant to make a commitment.
June 11 - Pennsylvania
Metro Bancorp (METR) in Harrisburg, Pa., is facing pressure from an investor to sell itself.
June 11 - South Carolina
The North Carolina company will pay more than $637 million for First Citizens Bancorp., a South Carolina bank. Both companies are majority owned by the Holding family.
June 11 - Iowa
Peoples Bank of Indianola in Iowa has agreed to buy Pleasantville State Bank in Iowa.
June 10 - Maryland
The $1 billion-asset company disclosed in a regulatory filing Tuesday that it sold Tri-State General Insurance Agency to an unnamed buyer for $2.9 million.
June 10 - Virginia
Bank of America (BAC) has agreed to sell 17 branches in North Carolina and Virginia with a total of $944 million in deposits to First Community Bank in Bluefield, Va., and HomeTrust Bancshares (HTBI) in Asheville, N.C.
June 10 -
Eagle Bancorp (EGBN) in Bethesda, Md., has agreed to buy Virginia Heritage Bank (VGBK) in Tysons Corner, Va.
June 9 -
Signature Bank (SBNY) in New York plans to sell 2.1 million new shares of common stock.
June 9 -
National Bank of Commerce in Birmingham, Ala., is beefing up in Florida with a deal to buy United Group Banking Company of Florida in Longwood.
June 9


