M&A
M&A
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ST Financial Group in College Station, Texas, plans to buy a small bank near Dallas. The parent company of Spirit of Texas Bank has agreed to purchase Peoples Bank in Colleyville, which has $72 million in assets and two branches.
March 13 -
Bank of Astoria in Oregon plans to convert all of its branches to the Columbia Bank brand, nine years after the two lenders merged.
March 13 -
Ocwen Financial has added Wilbur Ross Jr. to its board.
March 13 -
The upswing in acquisition announcements lately has been unaccompanied by the spiral of rising deal and trading multiples that attended waves of mergers in the past.
March 12 -
Richard Moore became First Bancorp's CEO two years after losing a bid to become the state's governor. Investors are hoping his loss is the company's gain.
March 12 -
The $2.9 billion-asset parent of BofI Federal Bank said Monday it seeks as much as $50 million for general corporate purposes through the sale of common stock, according to a filing with the Securities and Exchange Commission.
March 12 -
The future of retail banking has rarely been murkier. Here are five questions about branches, layoffs, technology and revenues that bankers need to be asking.
March 12 -
A rise in shareholder lawsuits following deal announcements has prompted insurers to vet clients' M&A plans and raise the deductibles banks must pay to settle claims.
March 12 -
Ally Bank continued its retreat from home lending by agreeing Tuesday to sell a portfolio of mortgage servicing rights to Ocwen Financial Corp. (OCN) for roughly $585 million.
March 12 -
Heritage has agreed to pay $44.2 million for Valley Community Bancshares in Puyallup, Wash., the holding company for the $242 million-asset Valley Bank, the companies announced Tuesday.
March 12 -
Sunrise Community Banks in St. Paul, Minn., plans to combine three bank charters.
March 12 -
Gulfstream Bancshares, a closely held Florida business lender with four branches and equity of about $66 million, has put itself up for sale, said two people with knowledge of the matter.
March 12 -
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.
March 12 -
A breakdown of M&A announcements in the financial services industry for the week ended March 9.
March 11 -
FirstMerit (FMER) has hired a veteran banker to lead its operations in Wisconsin.
March 11 -
Michael Carrazza, a private equity investor who bailed out Patriot National Bancorp, is eager to make loans while searching for the optimal exit strategy.
March 11 -
As a veteran senior executive in the male-dominated banking industry, Terri Dial left a void that has yet to be filled a year after her death.
March 11 -
Florida bank-buyer Bond Street Holdings bulked up on failure deals, took a 19-month break and has returned to M&A with the aim of $5 billion in assets by yearend.
March 11 -
Hanmi Financial Corp's talks with rivals about a possible sale have stalled because of disagreements over price and management, said people with knowledge of the matter.
March 11 - PSO content
FactorTrust, a provider of underbanked consumer data, analytics and risk scoring solutions on consumers underserved by traditional banking channels, announced Monday a joint initiative with FICO.
March 11





