CapGen, once a vocal critic of management, will cut its holdings to as little as 3% of shares outstanding.
National charters have fallen out of favor in recent years, but that isn't deterring David Dotherow from pursuing one for his Florida de novo.
First Interstate missed out on two chances to snag Cascade before agreeing to buy the company in November, showing the importance of staying in touch with a target.
Oaktree and Thomas H. Lee will still have large positions in the company after the planned sales.
Old Line will have more than $2 billion in assets when it completes the acquisition, its fourth since 2011.
Royal Bancshares in Pa. made tough choices to avoid collapse during the financial crisis
The company did not disclose the size of the expected valuation allowance because it is still assessing the amount.
PNC will add an extra $300 million to its stock buyback program, taking advantage of a little-known Fed rule.
Frank Leto, Bryn Mawr’s CEO, called the acquisition of Royal Bancshares of Pennsylvania a “logical choice” for his company.
The French company will still have a majority stake after selling 25 million shares.
