M&A
M&A
- Minnesota
The $1.6 billion-asset KleinBank said it expects to buy the $207 million-asset Prior Lake by the end of this year. Financial terms were not disclosed.
March 26 - Nebraska
Platte Valley Financial Services in Scottsbluff, Neb., is buying a bank it played a role in forming.
March 26 - Wisconsin
First Federal Bank of Wisconsin in Waukesha and Bay View Federal Savings and Loan Association are merging.
March 26 - Virginia
Middleburg Bank in Virginia has agreed to sell its 62% stake in the mortgage banking firm Southern Trust Mortgage to two Virginia banks and Southern Trust's president.
March 26 -
Four Oaks Fincorp (FOFN) in Four Oaks, N.C., could raise more than $27 million in a securities agreement and rights offering.
March 26 -
PacWest Bancorp's pending purchase of CapitalSource has been pushed back as the deal awaits approval from the Federal Reserve Board.
March 25 -
Solera National Bancorp's annual meeting is quickly shaping up to be a free-for-all.
March 25 -
A recent survey shows that two-third of mutual savings banks have considered mergers and that 40% give it even odds that they will participate in consolidation in the next five years.
March 25 -
Simmons First (SFNC) in Pine Bluff, Ark., has agreed to buy Delta Trust & Banking in Little Rock, Ark.
March 24 -
A breakdown of M&A announcements in the financial services industry for the week ended March 22.
March 24 - New York
Acquisition rumors about Royal Bank of Scotland's U.S. operations are swirling again.
March 24 -
Solera National Bancorp (SLRK) is being challenged by a former director who wants to wrest control of the Lakewood, Colo., company's board.
March 24 - Virginia
Xenith Bankshares (XBXS) had been eager to enter the bustling Hampton Roads area. It plans to use Colonial Virginia, located close to the region, to make a beachhead.
March 24 -
With so many willing buyers and sellers, why isn't there more bank M&A?
March 24 -
Our 2013 roundup of dealmakers on whole bank and branch sales by region.
March 24 -
Bill Cooper could step down as the Minnesota company's chief executive sometime next year, and two insiders appear to be the early favorites to replace him.
March 21 - New York
Moody's Investors Service has downgraded its credit rating on First Niagara Financial Group (FNFG), citing concerns about the Buffalo banking company's asset quality, profitability and capital levels.
March 21 -
Xenith Bankshares (XBKS) in Richmond, Va., has agreed to buy Colonial Virginia Bank in Gloucester, Va.
March 21 -
Think M&A in Illinois is out of gas? Call AAA. Auto Club Group, one of the many AAA clubs across the country, has agreed to buy the $465 million-asset National Bancorp in Sycamore, Ill.
March 20 -
Big Blue is trying to combine the products of several security-tech companies it has bought in recent years into a fraud detection system that compliance-minded banks want to buy. The challenges facing the vendor and its clients overlap considerably.
March 20



