Growth strategies

Turning LendingClub into a full-spectrum bank

01/20/21

The company, poised to complete its purchase of Radius Bank, will enjoy new cross-selling opportunities, gain additional sources of fee income and capital as well as benefit from greater regulatory clarity, CEO Scott Sanborn says.

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First Busey to expand around Chicago with acquisition

01/19/21

The Illinois company will pay $191 million for the parent of Glenview State Bank.

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Incoming Citi CEO Fraser signals major changes ahead

01/15/21

Weeks away from succeeding Michael Corbat, Jane Fraser said she’d consider streamlining some units or divesting others as part of her effort to kick-start return on equity.

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PNC says BBVA deal won’t derail organic growth plans

01/15/21

The Pittsburgh company intends to continue adding commercial offices and retail branches in markets it had been eyeing before agreeing to buy BBVA USA for $11.6 billion.

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Essex Savings in Connecticut lines up next CEO

01/14/21

Diane Arnold, who will succeed the retiring Gregory Shook in July, has been with the bank since 2002. She is currently the chief lending officer.

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Diversified Credit Union members to vote on Spire merger

01/14/21

The deal is a sign of further consolidation among Twin Cities-area credit unions, following another combination announced in May.

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First Community Bank of Tennessee buying mortgage lender

01/14/21

The bank agreed to acquire A Mortgage Boutique, which operates in six states.

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BancorpSouth to buy FNS Bancshares in Alabama

01/13/21

The Mississippi bank will pay $108 million for the parent of FNB Bank, which has branches in Alabama, Georgia and Tennessee.

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Canadian banks eye U.S. acquisitions

01/11/21

Flush with excess capital, Bank of Montreal, TD Bank and others say they might be in the market to do a cross-border deal.

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With share prices rising, banks have more growth options

01/11/21

Bank stocks have climbed because of expectations that the change of power in Washington will hasten vaccine distribution and speed the economic recovery. The boost could give executives more flexibility to pursue acquisitions or make other strategic moves.

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