News Topic: Consolidations

The company, which completed a major acquisition last year, said tax reform will help it generate a higher return on average assets. ... Read full article

Gary Shook, who led Middleburg Financial before its sale to Access National, has become president of Blue Ridge's bank. ... Read full article

With the three deals, Triumph is beefing up in Colorado, expanding into New Mexico and strengthening its asset-based lending unit. ... Read full article

Four banks have agreed to be sold to credit unions this year. Expect more deals between the longtime nemeses because the smallest banks are of less interest to other banks than they used to be, and some credit unions are in growth mode. ... Read full article

Several states have created their own operations aimed at shoring up what they see as oversight holes created by the CFPB; JPMorgan CEO’s annual letter (47 pages, this one) runs the gamut. ... Read full article

Washington Federal, which is working through Bank Secrecy Act issues, also allowed Anchor to consider offers from other potential buyers. ... Read full article

The Cleveland company acquired the business through its 2016 purchase of First Niagara Financial Group. ... Read full article

Renasant is requiring Brand Group to sell $55 million in classified loans before closing the deal, while attaching an incentive for the seller to get as much as possible for those sales. ... Read full article

A recent acquisition that was highly dilutive, and a lack of suitable mutual targets, could spur HarborOne Bancorp to pursue a second-step conversion. ... Read full article

More buyers, spurred by increased lending and an improved economy, are pursuing deals for banks with an abundance of cheap deposits. ... Read full article

The Chicago institution, formed in 2010 to buy the failed ShoreBank, has hired Sandler O'Neill to gauge interest from potential buyers, according to a published report. ... Read full article

Readers react to a clash between Mick Mulvaney and Richard Cordray, opine on how quickly Congress can move financial services legislation, slam calls for increased bank consolidation and more. ... Read full article

Hadley Robbins had a difficult task stepping in after Melanie Dressel's unexpected death last year. Now he must find ways to keep expanding without disrupting a system that has proved successful. ... Read full article

Consolidation can help community institutions better tackle the many regulatory and financial challenges facing them. ... Read full article

The Louisiana company recorded charges tied to recently passed tax reform and the purchase of Sabadell United Bank. ... Read full article

Nano Financial will offer new technology to Commerce Bank's commercial customers as it considers ways to license it to other financial institutions. ... Read full article

The New York company recorded more than $130 million of expenses tied to its October purchase of Astoria Financial. ... Read full article

The Pittsburgh company reported a noisy fourth quarter that included expenses tied to its purchase of Yadkin Financial and a reduction in the value of its deferred tax assets. ... Read full article