M&A
M&A
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A breakdown of M&A announcements in the financial services industry for the week ended March 8.
March 10 -
Joseph Stilwell said in recent regulatory filings that he wants Fairmount Bancorp in Baltimore and Harvard Illinois Bancorp to find buyers. He also filed a document backing Jefferson Bancshares' planned sale to HomeTrust.
March 10 -
Zaio Corp. (ZAO), a Canadian company that tracks property values in the U.S., is in talks to acquire Axis Appraisal Management Solutions in San Rafael, Calif.
March 7 -
BOK Financial Corp. (BOKF) in Tulsa, Okla., has agreed to buy MBM Advisors, a wealth management firm based in Houston.
March 7 -
A spike in consolidation is expected to provide growth-minded banks with more opportunities to lure executives and commercial lenders.
March 7 - Mississippi
First Bancshares (FBMS) in Hattiesburg, Miss., has agreed to buy BCB Holding in Mobile, Ala.
March 7 -
M&T Bank, the lender struggling to complete its merger with Hudson City Bancorp, cut Chief Executive Officer Robert Wilmers's pay by 23% last year as the stock lagged.
March 6 -
Try and expense hot chocolate or facial tissue for employees at Prosperity Bancshares, and Chief Financial Officer David Holloway is likely to give you an earful, his boss warns.
March 6 -
The subsidiaries of the $4.4 billion-asset company will be merged into Simmons First National Bank by August 2014, according to a Wednesday filing with the Securities and Exchange Commission.
March 6 - Arkansas
Bank of the Ozarks (OZRK) on Wednesday finalized the cash acquisition of Bancshares in Houston, as well as its wholly-owned subsidiary Omnibank, for $21.5 million.
March 6 -
Wells Fargo (WFC) has created a health care banking team within its corporate banking group.
March 5 -
Predictions vary widely on how hard it will be for foreign banks to comply with a new capital rule from the Federal Reserve. Many will have to sell branches or loans, or they may just need to shuffle some legal paperwork, depending on whom you speak with.
March 5 -
Huntington Banchshares (HBAN) in Columbus, Ohio, has completed its acquisition of Camco Financial but it has retained only half of Camco's 22 branches.
March 5 -
Park Sterling Corp. (PSTB) in Charlotte has agreed to buy Provident Community Bancshares (PCBS) in Rock Hill, S.C.
March 5 -
Eastern Bank, a mutual thrift in Boston, can only offer cash when trying to buy other banks. Many sellers prefer stock, but Eastern has been able to consistently make acquisitions using its all-cash approach.
March 4 -
Many banks are eager to bulk up through acquisitions, but most have very specific criteria in what they want and are unwilling to settle for anything less, says McGladrey's Bob Browne.
March 4 -
The boards of directors of HomeTrust Bancshares (HTBI) and Bank of Commerce have reached a definitive agreement to form a strategic partnership for an undisclosed price.
March 4 -
Guaranty Federal Bancshares (GFED) in Springfield, Mo., plans to raise roughly $15 million in an initial public offering.
March 4 -
A breakdown of M&A announcements in the financial services industry for the week ended March 1.
March 4 -
Eastern Bank in Boston has agreed to acquire Centrix Bank & Trust in New Hampshire in what would be Eastern's first expansion outside Massachusetts.
March 4



