M&A
M&A
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Banks may never be able to restore their reputations after the financial meltdown, the director of the "Wall Street" movies told a Commercial Finance Association gathering. Surely the association wasn't expecting a pep talk.
November 20 -
A U.S. Bancorp (USB) subsidiary has agreed to acquire the Irish hedge fund administrator Quintillion.
November 20 -
Law firm Rimon has added a former Bank of America (BAC) lawyer as a partner in its new Boston office.
November 20 -
U.S. bank divestitures hit a 10-year low in 2013, according to a new report by Dealogic.
November 20 -
Atlantic Coast Financial (ACFC) in Jacksonville, Fla., has launched a $42 million public offering.
November 19 -
U.S. Bancorp, the largest bank based in the Midwestern U.S., is the leading contender to buy the Chicago branches of Citizens Financial Group Inc. because smaller bidders are wary of raising capital to fund the deal, people with knowledge of the matter said.
November 19 -
Pacific Premier is complementing two liquidity-driven acquisitions with the addition of a restaurant-franchise lending company. Such loans are expected to bring the California company higher-yielding loans. It's another example of banks' strong push for new revenue sources.
November 19 -
Alliance Financial Services in Saint Paul, Minn., plans to exit the Wisconsin market.
November 19 -
The $1.2 billion-asset company said Tuesday that net proceeds from the sales totaled $26.3 million. Old Line said the sales will increase its tangible common equity.
November 19 -
OneWest Bank FSB, the lender formerly known as IndyMac Bancorp Inc., plans to pay a $1 billion dividend to backers including George Soros and John Paulson ahead of an initial public offering next year, two people with knowledge of the matter said.
November 19 -
MVB Financial (MVBF) in Fairmont, W. Va., and Rockville Financial (RCKB) in Rockville, Conn., have hired chief financial officers.
November 19 - West Virginia
Premier Financial Bancorp (PFBI) in Huntington, W.Va., has agreed to buy Gassaway Bancshares in Gassaway, W.Va.
November 19 -
JPMorgan Chase, which is planning to break off its buyout unit, is in talks to sell about $4 billion of private-equity stakes to an investor group, said three people familiar with the situation.
November 19 -
Republic Bancorp (RBCAA) in Louisville, Ky., is planning to shut down its only Minneapolis branch just 14 months after entering the market.
November 18 -
The surge in collateralized loan obligations, rising interest rates and other factors drove trading in leveraged loans to $391 billion at Sept. 30. The full-year total is expected to be a record, even as banks ease off CLOs.
November 18 -
ESSA Bancorp (ESSA) in Stroudsburg, Pa., has agreed to buy Franklin Security Bancorp in nearby Wilkes-Barre.
November 18 - PSO content
A Mississippi town has hired collection agency American Municipal Services to pursue $88,000 in unpaid fines, which includes $50,000 owed to the state, according to Ackerman, Miss. Town Clerk Debbie Boley.
November 18 -
Pacific Premier Bancorp (PPBI) in Irvine, Calif., has agreed to acquire chain-restaurant lender Infinity Franchise Capital.
November 18 -
The West Virginia Supreme Court upheld the state attorney general's right to issue subpoenas and investigative questionnaires in a case involving four collection agencies - Cavalry SPV I, Cavalry SPV II, Cavalry Investments and Cavalry Portfolio Services.
November 18 -
JPMorgan Chase (JPM) has agreed to pay a group of financial services companies $4.5 billion to settle mortgage-repurchase and servicing claims.
November 15


