M&A
M&A
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Bank buyers and sellers should pay attention to the Fed's recent approval of Cullen/Frost's acquisition of WNB Bancshares. Cullen/Frost had to agree to improve its fair-lending and other functions, underscoring the importance of buyers who work well in resolving compliance and other problems with regulators.
May 21 -
Eight community banks have transferred their shares to a new trading platform operated by OTC Markets Group in a bid to increase visibility for their stocks.
May 21 -
Bank of New York Mellon Corp., the worlds largest custody bank, said today it will take an $80 million to $100 million severance charge in the second quarter for unspecified cuts to its workforce.
May 20 -
The Puerto Rican company is looking to shore up its capital levels after the FDIC invalidated about 40% of its Tier 1 capital. Management will have plenty of challenges as it looks to fill the capital hole.
May 20 -
Meridian Bancorp (EBSB), the newly formed bank holding company for East Boston Savings Bank, could raise at least $233 million and as much as $364 million in its upcoming public offering.
May 20 -
A breakdown of M&A announcements in the financial services industry for the week ended May 17.
May 20 - PSO content
Regulators' recent moves to encourage lenders to relax standards have reignited a contentious debate over whether looser credit will revitalize the housing market or set it up for another disaster.
May 20 - Florida
Many people in Florida were sure that M&A would pass over the Sunshine State for years after the financial crisis. But a recent influx of deals suggests that Florida hasn't lost its luster.
May 19 -
TS Banking Group in Treynor, Iowa, has agreed to buy Tioga Bank Holding Co. in Tioga, N.D.
May 19 -
CertusBank fired its founders for providing inaccurate budgets and for failing to devise a strategy after its failed-bank deals dried up, the Greenville, S.C., company said in court filings.
May 19 -
Malvern Bancorp (MLVF) in Paoli, Pa., is facing activist pressure to sell itself.
May 19 -
Illinois state regulators closed the $66.3 million-asset AztecAmerica Bank in Berwyn on Friday.
May 16 -
Sandy Spring Bancorp (SASR) in Olney, Md., said its second-quarter earnings will be reduced after a Maryland jury awarded a $6.05 million verdict in a case involving a former employee.
May 16 -
The $1.7 billion-asset Carlile founded in 2009 to acquire banks in Texas and elsewhere has agreed to buy Community Bankers Inc., Carlile President Don Cosby said Friday.
May 16 - Florida
HCBF Holding in Fort Pierce, Fla., has agreed to buy Highlands Independent Bancshares in Sebring, Fla.
May 16 - Georgia
Community & Southern Holdings in Atlanta has agreed to buy Alliance Bancshares in Dalton, Ga.
May 16 -
ANB Bank in Denver has agreed to buy Capital West Bank in Laramie, Wyo.
May 16 -
Cullen/Frost Bankers (CFR) in San Antonio has agreed to refrain from announcing more acquisitions until it improves its compliance programs.
May 16 -
Bankwell Financial Group (BWFG) of New Canaan, Conn., raised nearly $49 million through its initial public offering.
May 15


