First Horizon to book big 3Q gain from selling Visa stock
The Tennessee regional said the sale should boost quarterly profit by $160 million. ... Read full article
The Tennessee regional said the sale should boost quarterly profit by $160 million. ... Read full article
The company and certain investors plan to sell $35 million in stock through the proposed offering. ... Read full article
Organizers of Dogwood State Bank are looking to raise $75 million in hopes of opening by mid-2019. ... Read full article
The company said it could use proceeds to fund organic growth or acquisitions. ... Read full article
SWNB Bancorp was unable to secure enough votes to back its proposed sale to Hanmi Financial. ... Read full article
Bank 7, which aims to raise $75 million, also has extensive dealings in the hospitality industry. The company has completed two acquisitions since 2011. ... Read full article
Lakeland will expand its operations in three counties in its home state of New Jersey with the $57 million acquisition. ... Read full article
The company will enter the Iowa cities of Des Moines and Dubuque as part of the $170 million acquisition. ... Read full article
The Illinois company will become one of the area's top 10 banks after buying Bank of Edwardsville. ... Read full article
FVCBancorp will use part of the proceeds to help pay for its pending acquisition of Colombo Bank. ... Read full article
Farmers & Merchants will pay $89 million for the parent of Bank of Geneva. ... Read full article
The Oakland bank has raised $25 million through a private placement of common stock. ... Read full article
The first meeting is structured like a job interview. After that, organizers should expect plenty of questions about money, management and markets. ... Read full article
Jacobs Asset Management, which expressed frustration over a slow turnaround at MidSouth, said it could launch a proxy battle at next year's annual meeting. ... Read full article
Ratings firms and mutual funds are seeing greater value in community banks because of their simplicity and local connections. ... Read full article
Organizers of Piermont Bank said in their application with the FDIC that they want to raise $100 million and eventually operate in several urban coastal communities. ... Read full article
Keith Mestrich, who runs the union-founded bank, plans to use a more liquid stock to pursue acquisitions in cities such as Boston, Seattle and Los Angeles. ... Read full article
Guaranty Bancorp could have had a different owner if not for a suitor’s ill-timed stock hiccup that gave a rival the upper hand. ... Read full article
The transaction was set up to give Mercantil more autonomy to expand in South Florida, Houston and New York. ... Read full article
Customers Bancorp said Flagship Community Bank has temporarily withdrawn its application with the FDIC to acquire the digital bank. ... Read full article