M&A
M&A
-
Executives from Citigroup, Goldman Sachs and ING U.S. were among the honorees at an annual awards ceremony hosted by Legal Momentum, a women's legal defense and education fund.
May 9 -
Look up in the sky! It's a bird. It's a plane. No, Regions Financial is adding two supersized signs to the Music City skyline.
May 9 -
A former loan officer at Wilmington Trust in Delaware is facing jail time after pleading guilty this week to bank fraud.
May 9 -
The $394 million-asset Broadway Financial said Wednesday that its Broadway Federal Bank recently sold $8.7 million in loans to an unnamed buyer for an undisclosed price.
May 9 -
Fifth Third Bancorp in Cincinnati is selling a $225 million stake in Vantiv (VNTV), its former subsidiary.
May 8 -
Executives at Heritage Commerce and Pacific Continental on the West Coast and Texas Capital Bancshares are catering to niche customers and building market share close to home instead of taking grand steps to expand.
May 8 -
Mega-banks are feeling pressure from shareholders and the public in ways that seemed unlikely even a few weeks ago.
May 8 -
Warburg Pincus Private Equity X, which owns just under 10% of Webster Financial, will sell its entire position in a secondary offering.
May 8 - PSO content
A Missouri Senate committee defeated a bill that would have allowed casinos to extend credit to customers. The vote surprised supporters.
May 8 -
Shares of Bank of America (BAC) and Wells Fargo (WFC) have been on a roll in recent days and the New York attorney general's pledge Monday to sue the banking giants did nothing to slow their momentum.
May 7 -
Independent Bank Group in McKinney, Texas, was already a busy buyer. Now with nearly $90 million of fresh equity and a valuable stock, the bank is looking to more than double its size over the next five years.
May 7 -
Citigroup (C) named Steven Wieting global chief strategist of its private bank, the unit that claims relationships with a third of all billionaires.
May 7 -
Big banks have been among the most vocal supporters of gay rights in the workplace. Many LGBT bankers laud the progress but say diversity efforts still sometimes fall short.
May 7 -
NexTier Bank in Butler has agreed to acquire Farmers & Merchants Bank of Western Pennsylvania in Kittanning.
May 7 -
HSBC posted a bigger-than-estimated increase in first-quarter profit after provisions for bad loans shrank, stirring speculation the lender may step up its cost-reduction targets.
May 7 -
Shareholders of First Citizens Bancshares (FCNCA) rejected a proposal that would have limited the control of the family that has run the Raleigh, N.C., company for generations.
May 6 -
Other banks say small acquisitions take too much work, but Sterling Financial says a good, small deal is better than a risky, big one.
May 6 -
Bibb Lamar opted to join ServisFirst rather than stay at Trustmark, which acquired BancTrust in February. His team will help ServisFirst expand in Mobile, Ala.
May 6 -
The Oracle of Omaha may love banks, but his sidekick says the time has come to break them up.
May 6 -
A breakdown of M&A announcements in the financial services industry for the week ended May 4.
May 6





