Struggling CAN Capital receives fresh infusion of cash
The subprime business lender halted new business and laid off scores of employees after recording higher-than-expected losses. ... Read full article
The subprime business lender halted new business and laid off scores of employees after recording higher-than-expected losses. ... Read full article
Higher dividends and more aggressive repurchase programs are bound to attract more investors, which could boost stock prices and prompt more dealmaking, analysts said. ... Read full article
The $231 million-asset bank in Virginia will also double its legal lending limit when it buys CCB Bancshares. ... Read full article
The North Carolina company's purchase of Chattahoochee Bank will add a branch and loan production office to its existing operations in northern Georgia. ... Read full article
The Georgia bank will pay $124 million for Four Oaks Fincorp, buying a bank with a large operation in Raleigh, N.C. ... Read full article
Meridian had been looking to expand in certain Boston suburbs before agreeing to buy Meetinghouse Bancorp for $17.8 million. ... Read full article
The company will also gain its first branches in New Mexico after it buys Peoples Inc. ... Read full article
Byline Bancorp's decision to go public sends a message that it plans to dangle a more liquid stock in front of potential sellers. It also provides a way for certain shareholders to cash out. ... Read full article
The offering would be a big milestone for Byline Bancorp, which was recapitalized in 2013 by a group led by former Banco Popular North America CEO Roberto Herencia. ... Read full article
Beacon Community Bank seeks to become the first new bank in South Carolina in roughly a decade. ... Read full article
Pinnacle Financial Partners closed in on $20 billion in assets by buying BNC. It now has to integrate the North Carolina bank, while finding ways to boost profit and adapt to increased regulatory burden. ... Read full article
Adding Community 1st Bank would help it expand in northern California. ... Read full article
AloStar, based in Birmingham, Ala., was formed following the 2011 failure of Nexity Bank. ... Read full article
Movement Mortgage, which is looking to ramp up lending, recently recapitalized First State Bank in Danville, Va. ... Read full article
The Indiana company will pay $92 million for Wolverine Bancorp ... Read full article
The company will pay about $219 million for Diboll State Bancshares. ... Read full article
The company agreed to pay $162 million to buy First South Bancorp in Washington, N.C. It is the fifth time this year that a bank in North Carolina has agreed to sell to a buyer from another state. ... Read full article
The Illinois company agreed to pay $44 million to buy Guaranty Bank, the biggest institution based in Cedar Rapids, Iowa. ... Read full article
MidSouth Bancorp in Louisiana will cut jobs, close branches and slash its dividend as it works to reduce its energy exposure. ... Read full article
Beacon Community Bank aims to become the first bank to open in Charleston, S.C., in a decade. ... Read full article