Synovus returns to large-scale M&A with FCB acquisition
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
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
First Green Bank in Florida had to stop holding deposits for licensed marijuana sellers as a condition of making a deal. ... Read full article
Loan growth, fueled by increased tourism spending, more than offset a sharp drop in fee income at the Honolulu company. ... Read full article
The bank also agreed to pay a $5 million fine to settle allegations that it overcharged consumers between 2010 and 2013. ... Read full article
Spirit of Texas Bancshares has agreed to buy Comanche National. This would be Spirit's first acquisition since going public earlier this year. ... Read full article
Avidia Bank in Massachusetts collaborated with Exhibit 'A' Brewing to produce and sell an IPA as part of a plan to boost marketing to small businesses and millennials. ... Read full article
Brentwood Bank’s purchase of Union Building and Loan would give it a larger presence around the Steel City. ... Read full article
A multimillion-dollar deal between Chicago Mayor Rahm Emanuel and Stephen Calk, the man who would later become Paul Manafort's banker, was supposed to deliver 400 new jobs to the city. Here's what really happened. ... Read full article
The Los Angeles company, which focuses on Korean-Americans, aims to raise $50 million. ... Read full article
PeoplesBancorp in Holyoke, Mass., has agreed to buy First Suffield Financial in Connecticut for $60 million. ... Read full article
OneUnited in Boston recently issued a debit card supporting immigrants, taking a public stand on a divisive national issue. ... Read full article
Anchor will sell itself to FS Bancorp after agreeing to terminate a deal with Washington Federal. The original deal had been delayed as Washington Federal dealt with BSA issues. ... Read full article
Organizers of Gainey Business Bank, a bank planned in Scottsdale, received approval from the state's banking regulator to raise capital while completing a charter application. ... Read full article
Matthew Prosseda, former president and CEO of First Keystone Community Bank, was hired by Kafafian Group to advise banks on strategic planning. ... Read full article
The North Carolina city lost all its locally owned banks, but a fintech push and more favorable economics for de novos could lead to an entry-level resurgence. ... Read full article
The New York bank, which is part of Leumi Group in Israel, is entering a new business line after spending years improving its infrastructure. ... Read full article
Limited acquisition opportunities remain in the state's hottest markets, which will force buyers to pay bigger premiums or pursue deals elsewhere. ... Read full article
P. Byron DeFoor, who already has majority stakes in two community banks, is planning to buy First Columbia Bancorp. ... Read full article
While the Small Business Investment Companies program has reported disappointing results since its 2015 peak, participating funds are getting more looks from curious bankers. ... Read full article
The New Jersey company will pay $76 million for a bank with a low loan-to-deposit ratio and an SBA lending platform. ... Read full article