M&A
M&A
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A breakdown of M&A announcements in the financial services industry for the week ended May 3.
May 5 - Texas
Green Bancorp in Houston has agreed to buy SP Bancorp (SPBC) in Plano, Texas.
May 5 -
The company will soon exceed $50 billion in assets, which will bring with it added scrutiny and possible pressure to lower its dividend. CEO Joseph Ficalora is hopeful that he can preserve a high dividend, even though regulators appear to have a preference for repurchase activity.
May 5 -
First American Bank in Elk Grove Village, Ill., has agreed to buy Bank of Coral Gables in Florida.
May 5 -
First National Bank of Southern California announced Monday that it is acquiring First Mountain Bank in Big Bear Lake, Calif., in a deal that would roughly double its size.
May 5 -
The company, which agreed to buy Continental Bank in Pennsylvania, has the "firepower" for more deals as it looks to build the size to match its existing cost structure, CEO Ted Peters says.
May 5 -
Doral Financial (DRL) in San Juan, Puerto Rico, is developing a revised capital plan to address concerns from the Federal Deposit Insurance Corp.
May 5 -
Bryn Mawr Bank (BMTC) in Pennsylvania has agreed to buy Continental Bank Holdings in Plymouth Meeting, Pa.
May 5 -
Banc of California (BANC) in Irvine has acquired an 8% stake in Clearinghouse CDFI, an institution that serves low- to moderate-income communities in California and Nevada.
May 5 -
Lawrence Seidman helped arrange a face-to-face meeting of the companies' leaders, according to a regulatory filing. He also agreed to sell more than 2.3 million shares of Center stock to move the deal along.
May 2 - PSO content
WASHINGTON The Consumer Financial Protection Bureau proposed several changes to its biggest mortgage rules on Wednesday which would effectively allow lenders to get more loans defined as "qualified mortgages."
May 2 -
Floridian Financial Group in Lake Mary, Fla., is merging its subsidiaries, Orange Bank of Florida in Orlando and Floridian Bank in Daytona Beach, under the Floridian Bank name.
May 1 -
CertusBank in Greenville, S.C., continues to lose money, largely because of high expenses. The $1.6 billion-asset company lost $9 million in the first quarter, according to a call report filed with the Federal Deposit Insurance Corp.
May 1 -
Sterling Bancorp (STL) in Montebello, N.Y., said that its fiscal second-quarter profit rose 58% after it expanded through its merger with Provident New York Bancorp.
May 1 -
M&T Bank (MTB) and federal law enforcement officials have begun a fraud investigation into a former loan officer at the Buffalo, N.Y., bank.
May 1 -
FICO has acquired the Hadoop-based analytics technology developed by Karmasphere in Cupertino, Calif.
May 1 -
MB Financial's acquisition of Taylor Capital is facing a potential delay as regulators examine Cole Taylor Bank for a possible violation of a section of the Federal Trade Commission Act.
April 30 -
United Bankshares' (UBSI) earnings increased during the first quarter, with support from the completion of its Virginia Commerce Bancorp acquisition and sale of one of its own branches.
April 30 -
State Bank Financial (STBZ) in Atlanta swung to a profit in the first quarter, as it benefited from improved figures on its covered-loan portfolio.
April 30 - Ohio
First Financial Bancorp (FFBC) in Cincinnati has agreed to buy Guernsey Bancorp in Worthington, Ohio.
April 29


