Carolina Trust continues N.C. consolidation wave with Clover deal
The acquisition will help Carolina Trust expand its operations around Charlotte. ... Read full article
News Topic: Growth strategies
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Turnaround complete, Bank Leumi seeks U.S. expansion
The Israeli-owned company, which spent the last half-decade addressing stagnation, is open to acquisitions or going public. ... Read full article
Speed worked to CenterState's advantage in Atlanta deal
Charter One wanted to sell itself quickly because it feared valuations had peaked, and CenterState was able to beat other potential suitors to the punch. ... Read full article
Midwest shopping spree continues for Equity in Kansas
The company, which has completed eight acquisitions since 2015, agreed to buy City Bank and Trust in Oklahoma. ... Read full article
Minority stake sets stage for potential acquisition in Minnesota
Park Financial has agreed to buy shares from one of the founders of Mesaba Bancshares. ... Read full article
Southern Missouri Bancorp makes small deal in its home turf
The company will gain 10 branches and $145 million in loans after it buys Gideon Bancshares. ... Read full article
Flagstar investor to cede controlling interest after secondary offering
An affiliate of MatlinPatterson will reduce its ownership to 48% from more than 60% after selling 8 million shares. ... Read full article
Pennsylvania insurers to sell bank to Northwest Bancshares
Donegal Group and Donegal Mutual Insurance are selling the holding company for Union Community Bank in Lancaster County. ... Read full article
Seacoast makes big Orlando push with First Green acquisition
Seacoast's deposits in the central Florida city will increase by 49% after it completes the $133 million acquisition. ... Read full article
CapStar to expand in southeastern Tenn. with Athens Bancshares deal
The company will pay $114 million to gain 10 branches and $482 million in assets. ... Read full article
Lending to restaurant franchises proves tempting, but has the moment passed?
Live Oak is the latest bank to jump into this niche lending area. But some warn they are beginning to see cracks in credit quality. ... Read full article
What made a Georgia bank pivot from IPO to sale?
Brand Group in Georgia was mulling a public offering but it opted to test the waters as a seller first. That decision led to one of the biggest deals announced this year. ... Read full article
Business First expanding in northern La. with Richland State deal
The company will gain $305 million in assets after completing the $51 million acquisition. ... Read full article
New community banking president named at Meta
Kathy Thorson, who is currently a market president at MetaBank, will oversee strategy for all of its four markets. ... Read full article
Orrstown locks down small acquisition in Pennsylvania
The company agreed to pay $32 million for Mercersburg Financial. ... Read full article
Seeking lower tech costs, Fifth Third picks new platform partner
The $142-billion asset bank is attempting to reduce its technology investment expenses. ... Read full article
Wis. bank raises $30M in subdebt to fuel growth
County Bancorp in Manitowoc, Wis., posted record profits in the first quarter after completing an acquisition last year. ... Read full article
De novo survivors on why they made the cut
More than a third of banks formed from 2006 to 2008 no longer exist. Leaders of three banks still in business share their tips on how they have remained open — and relevant. ... Read full article
Succession plan outlined at Kentucky bank
Stock Yards Bancorp in Louisville, Ky., has named James Hillebrand as its next CEO when David Heintzman retires later this year. ... Read full article
Independent in Mass. to gain wealth management assets from MNB deal
The company will also acquire three branches in Worcester County, Mass., when it buys the parent of Milford National Bank and Trust. ... Read full article