M&A
M&A
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Bond Street Holdings in Weston, Fla., has found a backup M&A target after its deal for Atlantic Coast Financial fell through.
July 17 -
Wintrust Financial Corp. in Rosemont, Ill., reported a rise in second-quarter profit thanks to higher fee income and lower interest costs.
July 17 - PSO content
Equifax Workforce Solutions, an arm of credit reporting agency Equifax Inc., will help verify the incomes of people who apply for federal subsidies to buy insurance under the new health care law.
July 17 -
Robert Wahlman will become CFO of the $3.8 billion-asset company and its bank on Aug. 13, Customers announced Tuesday.
July 16 -
Florida Community Bank in Naples is partnering with Raymond James Financial (RJF) to offer its customers asset management services.
July 16 -
Mitsubishi UFJ Financial Group has created a holding company to oversee the North and South American operations of its two subsidiaries: Bank of Tokyo-Mitsubishi UFJ, based in New York City, and Union Bank, based in San Francisco.
July 16 -
Competition for large corporate loans is as intense as ever and, until it eases, the Dallas bank is content to let its middle-market lending drive profits.
July 16 -
Capital One Financial Corp. (COF) is in talks to take about 250,000 square feet of offices at the UBS Building on Manhattan's Park Avenue.
July 16 -
Hedge funds have beaten the FDIC in a series of legal disputes over the assets of bankrupt holding companies, exposing a serious flaw in the regulator's system for recovering value from failed institutions.
July 16 -
Reliance Financial Corp. in Atlanta has agreed to buy the trust and asset management business of Grand Bank and Trust of Florida in West Palm Beach.
July 16 -
The most notable quotes from American Banker stories of the previous week. Readers are encouraged to add their own observations in the Comments fields at the bottom of each slide.
July 16 -
The $2.8 billion-asset Wilshire would pay about $105 million in cash and stock for the $542 million-asset Saehan, the companies announced Monday.
July 15 - Illinois
The "we are all buyers" mentality held by most of Chicago's large community banks changed when Taylor Capital agreed to sell to MB Financial for $680 million. It could signal the beginning of long-awaited consolidation in the Chicago area.
July 15 -
Strong investment-banking profits helped offset more lackluster commercial banking results, illustrating just how much big banks have to lose from lawmakers' latest attempts to rein in the largest banks.
July 15 -
Normally community banks avoid loan participations with nearby rivals, but a group of Delaware banks decided they had to do so to compete with big banks and survive.
July 15 -
Commerzbank, Germany's second-biggest bank, agreed to sell its U.K. real estate lending unit to Wells Fargo and Lone Star Funds to comply with European Union state-aid rules following its bailout.
July 15 -
With this acquisition, Accenture hopes to become the largest end-to-end provider of mortgage services in the U.S., offering technology, business process outsourcing and software to banks.
July 15 -
First Bank in Hamilton, N.J., has agreed to buy Heritage Community Bank in Randolph.
July 15 -
MB Financial has agreed to buy Taylor Capital Group. The deal would create one of the largest banking companies in Chicago.
July 15 -
M&A, bank consolidation and marketing strategies are among the reasons why a number of banks have changed their names in recent months. Here are some notable examples from this year.
July 15






