Growth strategies

Berkshire Hills shedding fifth of its branches

12/02/20

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.

[more]

Alerus in North Dakota to buy retirement services firm

12/02/20

The company agreed to acquire a Colorado plan provider that operates as RPS Plan Administration and 24HourFlex.

[more]

PenFed CEO: 'Our platform is suitable for all of America'

12/01/20

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.

[more]

SVB Financial to buy Seattle investment firm

11/30/20

The California company agreed to acquire WestRiver Group in a move that will expand its debt fund business.

[more]

Credit union mergers accelerated in Q3: Report

11/23/20

New analysis from CEO Advisory Group shows the asset size of merged institutions rising along with the number of mergers.

[more]

How First Citizens-CIT deal finally got done

11/18/20

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.

[more]

BBVA, CIT sales put midsize banks in M&A spotlight

11/17/20

Technology imperatives, weak loan demand and the need for increased efficiency could put pressure on dozens of regional banks to join forces with rivals.

[more]

Atlantic Union planning new round of branch closures

11/17/20

The Virginia company, which shuttered 14 locations in September, will close another five branches early next year.

[more]

Why PNC spent its war chest on BBVA

11/16/20

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.

[more]

PNC buying BBVA USA for $11.7 billion

11/16/20

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.

[more]