First Technology FCU, led by a former banker, stands ready to raise fresh capital by issuing subordinated debt. But first it must wait for a rule change from the National Credit Union Administration that's drawing fierce opposition from the banking ... Read full article
The company agreed will pay nearly $10 million for Sunset parent Waukesha Bankshares. ... Read full article
The Columbus, Ohio, company says it has delivered on M&A promises before, and many observers say its deal for rival TCF Financial is an opportunistic move in its bid to build a Midwestern powerhouse. But others questioned whether Huntington's ... Read full article
The deal, announced late Sunday, would create a $168 billion banking company in the Midwest and be the latest in a string of regional bank combinations. ... Read full article
First Kansas, part of the multibank holding company Ottawa Bancshares, expects to complete the acquisition early next year. ... Read full article
The company hired two Atlantic Union bankers to run its bank and begin recruiting customers in and around Washington. ... Read full article
Acquirers shelved plans to buy banks this year as the coronavirus became widespread but a combination of factors in the months ahead could spur the confidence to restart those conversations. ... Read full article
The companies took a pause from merger discussions when the pandemic hit to evaluate their individual circumstances. ... Read full article
The Massachusetts company, which had a big second-quarter loss after writing down the goodwill tied to past acquisitions, will sell eight locations to Investors Bancorp and shutter another 16 offices. ... Read full article
The company agreed to acquire a Colorado plan provider that operates as RPS Plan Administration and 24HourFlex. ... Read full article
CEO James Schenck says the institution's military focus means it must provide services for a group of consumers who move every few years. That has helped it focus more on mobile services and less on brick and mortar. ... Read full article
The California company agreed to acquire WestRiver Group in a move that will expand its debt fund business. ... Read full article
New analysis from CEO Advisory Group shows the asset size of merged institutions rising along with the number of mergers. ... Read full article
CIT Group over a year's time brushed off several offers from First Citizens BancShares, entertained rival bids and kept negotiating on price and board representation before striking a deal, according to a new regulatory filing. ... Read full article
Technology imperatives, weak loan demand and the need for increased efficiency could put pressure on dozens of regional banks to join forces with rivals. ... Read full article
The Virginia company, which shuttered 14 locations in September, will close another five branches early next year. ... Read full article
The Pittsburgh company is using its BlackRock windfall to execute a familiar script: buy an underperforming bank, cut costs and strengthen ties with commercial clients. ... Read full article
The deal would rank among the biggest bank combinations since the financial crisis, creating a coast-to-coast franchise with about $563 billion of assets and branch presence in 29 of the nation’s 30 largest markets. ... Read full article
The deal, if announced, would be among the biggest bank mergers since the 2008 financial crisis and would push PNC above $560 billion in assets. ... Read full article
Members of $5.3 million-asset WJC Federal Credit Union will vote to merge into $3.2 billion-asset Truliant FCU, based in North Carolina. ... Read full article
