When M&A challenges a bank’s comfort zone (in a good way)
Independent Bank had no intention of expanding outside Texas until it gained a few stray branches in a neighboring state. ... Read full article
News Topic: Growth strategies
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Decentralization remains central to Heartland's strategy
CEO Bruce Lee believes a multicharter model, which many other banks have scrapped, gives the Iowa company an edge in smaller markets. ... Read full article
Groups aims to open first post-crisis bank in Arizona
Organizers of Scottsdale Community Bank plan to raise a minimum of $16 million. ... Read full article
Banks see telecommuting as chance to gain recruiting edge
A competitive job market and improved security protocols are pushing more banks to consider letting employees work remotely. ... Read full article
Ohio bank starts search process for new CEO
Farmers & Merchants Bancorp is looking for a successor for Paul Siebenmorgan, who has been its CEO for nearly 15 years. ... Read full article
German American to enter three Ky. markets with First Security deal
The Indiana company agreed to pay $101 million for the $586 million-asset First Security. ... Read full article
Timberland in Wash. expands near Seattle with South Sound purchase
The planned acquisition will add $187 million in assets in the Puget Sound area. ... Read full article
Independent in Texas takes big leap in Denver with Guaranty acquisition
Independent's branch network in Denver will nearly triple after it completes the $1 billion acquisition. ... Read full article
How fintech gave this SBA lender an edge
Seacoast in Florida slashed the time it took to make 7(a) loans within months after establishing a partnership with an online lending startup. ... Read full article
FB Financial chairman ceding majority ownership with stock sale
James Ayers' stake in the Tennessee company will drop below 50% after a planned stock offering. ... Read full article
Hanmi is latest acquirer to buy a bank in Houston
The Asian-American bank agreed to buy SWNB Bancorp for $77 million. ... Read full article
South Carolina merger to create $500M-asset bank
Citizens Bancshares has agreed to buy Regional Bankshares for $11 million. ... Read full article
Fifth Third makes major return to bank M&A
The company has agreed to pay nearly $5 billion for MB Financial in a deal that will provide immediate scale in Chicago. ... Read full article
A buyer's secret weapon in M&A? The CEO of the bank it just bought
When potential sellers are skittish, a merger pitch from a peer who’s been through it can make the difference. ... Read full article
Century Next to enter southern Ark. with bank acquisition
The company agreed to buy the parent of First National Bank of Crossett for about $13 million. ... Read full article
Bank of Hawaii launches program with large Japanese bank
Bank of Hawaii will serve Japanese citizens looking to conduct business in the United States. ... Read full article
Cadence finds its 'gem' with agreement to buy State Bank Financial in Atlanta
The Houston company had been an interested, but selective, acquirer before announcing this year's biggest bank deal. ... Read full article
Wells can only ditch growth cap with Fed board vote: Powell
Fed Chair Jerome Powell said Thursday that the central bank's board of governors will take a vote before Wells Fargo is ultimately released from its growth restriction mandate, a decision that had previously been left up to staff. ... Read full article
HSBC's surprise: An $897M charge for toxic U.S. mortgages
Costs rose at the global bank, profit in North America fell 16%, and questions are mounting for new CEO John Flint ahead of the release of his strategic plan. ... Read full article
FVCBankorp to enter Md. with Colombo Bank acquisition
The northern Virginia company will also gain more branches around Washington as part of the $33 million deal. ... Read full article