M&A
M&A
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The longer yields stay low, "the bigger the problem becomes for banks," UMB CEO Mariner Kemper says. A low cost of funds helps UMB resist temptations presented by cutthroat competition and looser loan terms, Kemper adds.
May 3 -
More lenders are willing to make second-lien loans because of hot demand and greater yield, even as regulators warn against risks in the leveraged-lending market.
May 3 -
Two deals lifted First Community Bancshares in Bluefield, Va., in the first quarter.
May 3 -
New York investment bank MLV, expecting lots of bank M&A activity in the Southeast and Southwest, has hired an expert on those regions, David Bishop from Stifel Nicolaus, to start a research unit.
May 2 -
The San Francisco company's former CEO Dick Kovacevich served as stand-in at the Wells Fargo Championship pro-am. Why? One reason is that current CEO John Stumpf doesn't play golf.
May 2 -
Customer satisfaction with BMO Harris fell after it bought Marshall & Ilsley thanks to a customer-service glitch and other issues, showing how hard it is to integrate acquisitions.
May 2 -
HopFed is fighting back against claims by Joseph Stilwell that its CEO is overpaid.
May 2 -
The Federal Deposit Insurance Corp. has accused 18 former officers and directors of the parent company of Midwest Bank with reckless practices that led to the Chicago-area bank's failure during the financial crisis.
May 2 -
MidSouth Bank of Tennessee recently deployed software to speed up the process for documenting and calculating the allowance for loan and lease losses.
May 2 -
Sterling Financial in Spokane, Wash., has agreed to buy Commerce National Bank in Newport Beach, Calif.
May 2 -
Coface Collections North America Inc. has completed the process to become certified by the International Association of Commercial Collectors.
May 2 -
Ameris Bancorp in Moultrie, Ga., has agreed to buy Prosperity Banking Co. in St. Augustine, Fla.
May 2 -
D.A. Davidson has agreed to buy the Los Angeles broker-dealer and money-management firm Crowell, Weedon & Co.
May 1 -
The investors would inject $50 million into the struggling lender, the bank said Monday. U.S. Century would also sell its nonperforming loans, which totaled $95 million at March 31, to "unrelated third parties" for an undisclosed price.
May 1 -
The Kansas City company, which started with opening-day deposits of $1,100 in 1913, now has $15.7 billion in assets and a fresh formula that is allowing it to prosper with a conservative approach to credit.
May 1 -
Opus Bank in Irvine, Calif., has agreed to buy four branches from Zions Bancorp.'s (ZION) California subsidiary.
May 1 - PSO content
A report from M&A advisory firm Greenberg Advisors indicates deal-making activity in the accounts receivable management/revenue cycle management space is off to a strong start this year.
May 1 -
Regions Financial in Birmingham, Ala., is taking steps to conform its capital to evolving regulatory requirements.
May 1 - PSO content
Debt buyer Portfolio Recovery Associates reported Tuesday that its first-quarter profits soared 52% from the year before as it continued to expand its reach nationally and in the United Kingdom.
May 1 -
Hudson City Bancorp (HCBK) in Paramus, N.J., reported a 34% decline in quarterly profit as it waits for regulators to approve its sale to M&T Bank (MTB).
April 30
