Evans Bancorp turns to acquisition to enter a new market
The New York company will enter Rochester as part of its $35 million purchase of FSB Bancorp. ... Read full article
News Topic: Growth strategies
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Cambridge Financial in Mass. to buy neighboring cooperative bank
The company will pay about $58 million in cash for Melrose Bancorp. ... Read full article
Kearny expanding in northern New Jersey with MSB purchase
The company will pay $94 million for a bank with operations in New Jersey's Somerset and Morris counties. ... Read full article
Pinnacle hires Synovus exec to open first office in Atlanta
The Tennessee company said that Rob Garcia will be in charge of building a commercial banking team in the city. ... Read full article
First Bancshares to enter southern Georgia with acquisition
The Mississippi company will also top $4 billion in assets when it buys Southwest Georgia Financial. ... Read full article
Citizens & Northern in Pennsylvania lines up another acquisition
The company, which recently bought Monument Bank, has agreed to acquire Covenant Financial. ... Read full article
CNB expanding western New York operations with Bank of Akron deal
The Pennsylvania company will pay $65 million for six branches that will join its Buffalo, N.Y., division. ... Read full article
Smaller buyers expected to drive bank M&A in 2020
A dearth of bigger acquirers will likely force more banks with less than $2 billion in assets to seek out their own deals. ... Read full article
Investors Bancorp buys out activist shareholder
The New Jersey company paid $336 million for all stock owned by Blue Harbour Group. ... Read full article
Bangor Bancorp to buy Damariscotta Bankshares in merger of Maine mutuals
Bangor will pay $35 million in cash to gain branches in five communities. ... Read full article
Texas community bank lines up first acquisition
Wichita Falls Bancshares will gain four branches when it buys Chico Bancorp. ... Read full article
Bankers may turn to Supreme Court in credit union membership suit
An appeals court on Thursday denied bank groups an en banc hearing from all 11 appellate judges, but bankers said Friday that they're considering turning to the Supreme Court. ... Read full article
Labor shortage crimps demand for commercial loans, bankers say
Many business customers are putting off expansion because they can’t find enough workers to fill available jobs. ... Read full article
Wells Fargo counting on new platform to revive its SBA lending
The bank, whose 7(a) originations have plummeted in recent years, is developing a portal that will let applicants upload documents, complete forms and track application progress. ... Read full article
Bankers give NCUA an earful over revamped membership proposal
More than 50 banks and banking groups responded to the National Credit Union Administration's call for public comment as it attempts to explain why a new field of membership provision won't permit redlining. ... Read full article
Popular in Puerto Rico urged by activist investor to sell
Raging Capital Management also urged the company's board to repurchase stock and think about selling a minority stake in the payments processor Evertec. ... Read full article
Fidelity D & D entering Pennsylvania market with MNB acquisition
The company will gain branches in Northampton County as part of the $79 million deal. ... Read full article
Texas Capital, Independent Bank to combine in $3 billion merger
The deal will create a bank with nearly $50 billion in assets. ... Read full article
Truist rising: With megamerger done, pressure on to deliver
Cost cutting and systems integrations are short-term priorities, but over time CEO Kelly King and his heir apparent, Bill Rogers, will have to exploit the combined BB&T-SunTrust's revenue potential and prove the biggest post-crisis merger was a ... Read full article
William Penn Bancorp to acquire pair of Philadelphia-area mutuals
The company will merge Fidelity Savings and Loan and Washington Savings Bank into its own bank. ... Read full article