News Topic: Capital

While most acquirers are content to let cost savings trickle down to the bottom line, WSFS will use the purchase of Beneficial to reinvent itself. ... Read full article

The Delaware plans to reinvest savings from the $1.5 billion acquisition to upgrade technology and delivery channels. ... Read full article

Tory Nixon, who became Umpqua's chief banking officer this spring, is trying to drive more customers to use mobile banking (only 15% do so now industrywide) without alienating them in the process. ... Read full article

Tekalign Gedamu, who would chair Marathon International Bank, says that Zekarias Tamrat is bad-mouthing the de novo effort following his dismissal and a subsequent payment disagreement. Tamrat was slated to be the bank's president. ... Read full article

Zekarias Tamrat blamed the proposed Marathon International Bank's chairman and directors for delays in getting its application approved. ... Read full article

A task force created by the American Bankers Association asserts that applying for a bank charter is too time-consuming and that some de novo rules are too rigid. ... Read full article

Despite ongoing industry consolidation, the company still expects to have at least 10 chances each year to buy another bank. ... Read full article

At least six groups are exploring opening new banks in the state, which is enjoying an economic recovery and has a dearth of local financial institutions. ... Read full article

Organizers of Dogwood State Bank want to open Raleigh's first new bank since the financial crisis. ... Read full article

Richwood Bancshares will get closer to $1 billion in assets after it buys Home City Financial. ... Read full article

Veritex will take advantage of accounting rules in its deal for Green Bancorp, a larger bank with lingering energy exposure. ... Read full article

The North Carolina regional will pay $30 million for the much-smaller Palmetto Heritage Bancshares. ... Read full article

The $54 million purchase of Pilgrim Bancshares will give Hometown branches in all three regions of Massachusetts. ... Read full article

The company will pay $191 million for Skagit Bancorp, a deposit-rich bank in Washington's North Sound region. ... Read full article

The $26 million acquisition will allow Summit to enter two new counties in its home state. ... Read full article

Now’s the time for banks to consider how the country’s trade war could hit their bottom lines. ... Read full article

The $2.9 billion deal is the Georgia company's first traditional whole-bank acquisition since 2006. It is also the year's second-biggest bank acquisition. ... Read full article

Green's sale follows a dedicated effort by its management team to purge its energy porfolio. ... Read full article