Community banking

CIT to buy Mutual of Omaha for $1 billion

08/13/19

CIT will gain nearly $7 billion in low-cost deposits, mostly tied to homeowners associations, as part of the acquisition.

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Professional Holding to buy Marquis Bank in South Florida

08/12/19

The companies said the merger will provide scale and help them update technology more efficiently.

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Bankruptcy relief for farmers would compound banks' credit risk

08/11/19

President Trump is expected to sign legislation soon that would expand the number of farmers who could file under the more lenient Chapter 12. Ag lenders are worried because farm bankruptcies recently rose and the trade war with China could worsen.

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Level One expects 3Q profit boost from nonperforming loan payment

08/09/19

The Michigan company disclosed that an unnamed client made a large payment on a $6.5 million nonperforming loan.

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Investors Bancorp's about-face from seller to buyer

08/09/19

The New Jersey company was reportedly shopping itself around last fall. Fresh off an agreement to buy Gold Coast Bancorp in New York, CEO Kevin Cummings says he is ready to explore other acquisitions.

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Activist investor puts pressure on Middlefield in Ohio to sell

08/09/19

Ancora Advisors also suggested that the company get rid of its current management team.

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Happy State announces bank acquisition in Texas

08/09/19

The bank will buy First State Bank of Mobeetie.

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OceanFirst to enter New York, near $10B in assets with two acquisitions

08/09/19

The New Jersey company will pay $284 million for Two River Bancorp and Country Bank Holding.

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Eagle to expand in northeastern Montana with latest bank deal

08/09/19

The company will pay $13 million for the parent of Western Bank of Wolf Point.

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New Ameris chief puts M&A on hold to focus on Atlanta growth

08/08/19

Palmer Proctor, who took over at Ameris after it bought Fidelity Southern, where he was also CEO, says more deals would be a "distraction."

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