First Bancshares in Miss. makes bigger push into southern Ala.
The company, which agreed to buy Southwest Bancshares in Mobile, also plans to sell $45 million in stock to help fund the deal. ... Read full article
The company, which agreed to buy Southwest Bancshares in Mobile, also plans to sell $45 million in stock to help fund the deal. ... Read full article
Increased investor appetite and the emergence of specialized debt ratings are expected to spur demand, and community banks are looking for ways to fund expansion and hedge against future economic downturns. ... Read full article
Flush with capital and facing stiff competition for customers, many regional banks appear to be mulling acquisitions to accelerate growth. ... Read full article
First Reliance in South Carolina, which recently announced its first bank acquisition, is angling to take advantage of disruption caused by bigger mergers in the Carolinas. ... Read full article
Navient has suspended stock buybacks to buy and expand a debt-refinancing firm that faces stiff competition from fintechs, and some shareholders aren’t happy. ... Read full article
The Illinois company, four months removed from its last bank acquisition, just announced the biggest purchase in its history. Alpine Bancorp. will add low-cost deposits and scale to Midland States' wealth management business. ... Read full article
The company agreed to buy Commercial Bancshares for $59 million in stock. ... Read full article
The company, which is still recovering from two recent hurricanes, said it will voluntary comply with several key restrictions that were in the 2010 written agreement. ... Read full article
Washington Federal has pulled its application to buy Anchor Bancorp after regulators flagged issues tied to its BSA systems and processes. The companies said they remain committed to the deal. ... Read full article
The company has agreed to buy Bay Bancorp for $129 million in stock. ... Read full article
The company, which agreed to buy Independence Bancshares, also brought in $25 million by selling common and preferred stock. ... Read full article
The company is looking to raise about $115 million. A portion of the proceeds would help pay for Merchants' pending purchase of Joy State Bank. ... Read full article
Grand Mountain Bank raised $7 million to help it exit the crisis-era capital program. ... Read full article
Brookline will pay $56 million in cash and stock for First Commons in a deal that will add $324 million in assets. ... Read full article
The cash acquisition allows First American to expand its operations in Kenosha, Wis. ... Read full article
David Dotherow, CEO of the newly formed Winter Park National Bank, stresses the need for strong management and a straightforward business plan when applying for a charter. ... Read full article
David Dotherow, CEO of the newly formed Winter Park National Bank, stresses the need for strong management and a straightforward business plan when applying for a charter. ... Read full article
The Indiana company could also use proceeds from the planned stock sale to pay off debt. ... Read full article
The company will add $370 million in assets after buying the parent companies for First Bank & Trust and First Bank of Chandler. ... Read full article
BankGuam, which is looking to sell $20 million of common stock, warned investors that North Korea represents a unique risk to its stock price. ... Read full article