M&A
M&A
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Big banks survived the financial crisis, but their ability to attract top young talent may not. That's the argument of Kevin Roose, author of the book "Young Money," which chronicles three years in the lives of eight young, and increasingly disenchanted, investment bank employees. Roose discusses why some of the junior bankers he shadowed have left finance; what banks can -- and can't -- do to change their cultures; and how the industry's efforts to promote diversity are still falling short.
February 24 - Kentucky
Stilwell Group is irate that Poage Bankshares has agreed to buy another Kentucky bank. The activist investor would prefer to see the company buy back stock and, eventually, find a buyer.
February 24 -
BBVA's purchase of digital-only "neobank" Simple provides both parties with new strengths. For the bankers on the sidelines, it shines a spotlight on the need to attract affluent young customers with trendy mobile services.
February 21 -
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It has been a year after Stifel bought Keefe, Bruyette & Woods in a quest for more scale in the area of bank advisory services. Thomas Michaud, KBW's CEO, reflects on the past year and evaluates trends and forces in bank M&A and capital raising in coming months.
February 21 -
CenterState Banks (CSFL) in Davenport, Fla., has appointed Ed Kofman to head its loan trading and hedge desk as managing director.
February 21 - Michigan
Mercantile Bank (MBWM) in Grand Rapids, Mich., and Firstbank (FBMI) in Alma, Mich., are extending the termination date for their delayed merger.
February 21 -
Park Sterling (PSTB) in Charlotte, N.C., has added to its recently established team in Virginia.
February 21 -
BBVA agreed on Thursday to buy disrupter Simple for $117 million in a bid to improve the Spanish bank's digital properties.
February 20 -
Guernsey Bancorp in Westerville, Ohio, has terminated an agreement to buy Ohio State Bank in Marion.
February 20 -
Umpqua Holdings and Sterling Financial are paying Banner $7 million to take the branches. Though negative bids are uncommon in healthy bank deals, it seems like a small price to get regulators to bless a $2 billion merger.
February 20 -
Banco Bilbao Vizcaya Argentaria has agreed to pay $117 million for online banking startup Simple.
February 20 -
Regulation, succession planning and lending limits are huge issues, particularly for banks with $100 million or less in assets. As a result, more of those banks are taking a hard look at selling themselves.
February 20 -
Hamilton Bank (HBK) in Baltimore has poached three executives from CFG Community Bank in Lutherville, Md.
February 20 -
VantageSouth Bancshares (VSB) in Raleigh, N.C., has redeemed all outstanding shares issued to the Treasury Department under the Troubled Asset Relief Program.
February 19 -
PL Capital scored another victory this week when it put an end to a proxy challenge against Alliance Bancorp of Pennsylvania (ALLB) in Broomall.
February 19 -
Banner Corp. (BANR) in Walla Walla, Wash., has agreed to buy six branches in Oregon from Sterling Financial (STSA) in Spokane, Wash.
February 19 -
South Street Financial had just given up on raising capital and had hired Raymond James to evaluate possible suitors when a BNC representative visited the CEO's office to request merger talks.
February 19 -
The biggest banks are coming off a year when their stocks and profits soared. Yet below the surface, they face a number of vexing problems: more regulation, less lucrative trading, an inability to do big deals and lower multiples than many smaller rivals. American Banker staffers discuss whether such factors may some day encourage shareholders to agitate for breakups.
February 19 -
Steven Antonakes, the CFPB's deputy director, gave a speech which indicated the agency has shifted to a hard-line stance regarding compliance with a new mortgage servicing rule that went into effect last month. "Business as usual has ended in the mortgage servicing industry," he said.
February 19





