M&A
M&A
-
Under pressure from the Federal Deposit Insurance Corp. to increase its capital levels, Doral Financial (DRL) is selling its health care lending division to Triumph Bancorp in Dallas.
May 15 -
Buyers still exist for mortgage platforms. The problem is that the gap in pricing expectations for buyers and sellers has widened since refinance activity stalled last summer.
May 15 -
Glass-Lewis wants Solera's investors to reject a slate from the Colorado companys biggest shareholder. ISS is urging people to withhold support for eight of Soleras 11 nominees though the proxy firm is unwilling to endorse any alternates.
May 15 -
Doral Financial (DRL) is evaluating its legal options after Puerto Rico rejected the company's request for a $230 million refund of overpaid taxes.
May 15 -
A founding director at Touchmark Bancshares in Georgia claims he was ousted after questioning the bank's strategy. Now he is lobbying for the company's sale.
May 14 -
Taylor Capital (TAYC) in Chicago has been notified by the Federal Reserve Board that its bank is facing an enforcement action for employing deceptive trade practices.
May 14 -
Kennebec Savings Bank has a 19th century charter, but it is poised for a complex conversion to deal with modern challenges like activists investors, M&A pressures and even Basel III.
May 14 - Colorado
Attendees at this year's D.A. Davidson Conference believe the approval process is calming down somewhat. Other bankers say they are looking to lower capital levels, with many showing an interest in deposit-rich franchises.
May 14 -
Banc of California (BANC) in Irvine is looking to raise $100 million by selling common stock and tangible equity units.
May 14 - PSO content
Payday loans are costly, habit-forming and often bad for consumers' financial health. Still, they've proven hard for other lenders to compete against.
May 14 -
Huntington Bancshares (HBAN) keeps expanding in Michigan, agreeing to buy 13 more branches from Bank of America (BAC).
May 14 -
HV Bancorp in Huntingdon Valley, Pa., has filed to sell more than $13 million in stock as part of its planned conversion to a stock company.
May 13 -
Doral, under pressure from the FDIC to boost capital or sell assets, is demanding a refund from the territory tied to certain receivables. The capital issue prompted to downgrades from several ratings agencies.
May 13 -
BitPay, an Atlanta-based company that processes payments in the digital currency bitcoin, said it secured $30 million in venture capital funding.
May 13 -
Five Star Credit Union in Dothan, Ala., has received approval from the Alabama Credit Union Administration to buy Flint River National Bank in Camilla, Ga.
May 13 -
A breakdown of M&A announcements in the financial services industry for the week ended May 10.
May 12 -
Billionaire investor Wilbur Ross is looking to raise roughly $400 million to buy or invest in struggling companies.
May 12 -
The investment bank has moved its annual banking conference to Denver after 16 years in Seattle, signaling its desire to do more bank deals in the central U.S. where M&A activity is expected to get busier.
May 12 -
The Utah-based payments processing company eGlobal has acquired the assets of The Best There Is Inc., a provider of ATM services in Boca Raton, Fla.
May 9 -
Mitsubishi UFJ Financial Group Inc., Japan's biggest lender, is considering a bid for Bank of New York Mellon Corp.'s corporate trust arm, people with knowledge of the matter said.
May 9


