M&A
M&A
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Capital One Financial Corp. (COF) has agreed to buy Beech Street Capital, a mortgage firm that specializes in government-insured and multifamily loans.
August 19 -
Delmar Bancorp in Salisbury, Md., has worked out an arrangement to redeem preferred stock from an outside investor.
August 19 -
Donald Wilson, chairman of Community Financial Shares (CFIS) in Glen Ellyn, Ill., has been appointed the company's president and chief executive.
August 16 -
The combination of Mercantile and Firstbank is expected to break the bank M&A logjam in Michigan. The combined company will be on the lookout for more deals, executives say.
August 16 -
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The Mississippi companies have received all the necessary approvals and expect to finalize the deal Sept. 1, they announced Friday.
August 16 -
Anchor BanCorp Wisconsin has settled fraud charges brought by the Securities and Exchange Commission in connection with one of its 2009 quarterly reports.
August 16 -
The Canadian financial services technology developer Davis + Henderson closed its $1.2 billion acquisition of Harland Financial Solutions on Friday.
August 16 -
Wells Fargo (WFC) agreed to buy commercial property loans from ING Real Estate Finance with balances of $1.6 billion. The price wasn't announced in a statement today from ING.
August 16 -
Anchor BanCorp Wisconsin (ABCW) reported a large quarterly loss just days after announcing a plan to file for bankruptcy and recapitalize itself.
August 15 - Texas
Cullen/Frost Bankers, led by Dick Evans, is breaking into oil-rich west Texas with a deal for WNB Bancshares. The seller was attractive partly because it resembled Cullen/Frost, Evans says.
August 15 -
IBM has agreed to purchase Trusteer, an Israeli company whose technology aims to prevent fraud on mobile devices and in computer applicationsand whose client roster already includes Bank of America (BAC), ING Direct and HSBC.
August 15 -
Community banks need help. Bigger banks can provide them a lifeline. But it comes with a cost: the loss of bankers who understand the local community.
August 15 -
CommunityOne in Asheboro, N.C., went from the brink of failure to a model of recovery in a few years. But it took new management, private-equity money, an acquisition and an accounting ace in the hole to get it done.
August 15 -
The Federal Reserve Board has unanimously approved acquisitions by Hana Financial Group in Seoul, Korea, and Live Oak Bancshares in Wilmington, N.C.
August 15 -
1st Constitution Bancorp in Cranbury, N.J., has agreed to acquire Rumson-Fair Haven Bank and Trust Co. in Rumson, N.J.
August 15 -
Mercantile Bank announced a deal Thursday that would make it the third-largest bank based in Michigan.
August 15 -
U.S. Century in Florida, one of the largest undercapitalized banks in the U.S., is trying to sell a controlling interest to an investment group. But shareholders who have sued the bank favor another group's buyout offer, and they tried to get the judge to force the bank to reconsider.
August 14 -
Athene Holdings has agreed to increase the protections it offers annuity customers in order to secure a New York regulator's approval of its planned acquisition of the British insurer Aviva.
August 14 -
VantageSouth Bancshares (VSB) in Raleigh, N.C., has sold $38.1 million in subordinated debt.
August 14



