News Topic: Growth strategies

The Illinois company has agreed to buy Springfield Bancshares for $87 million. ... Read full article

The Alabama bank agreed to buy Peoples Bank for $23 million as part of a plan to target new Southeastern markets. ... Read full article

The Chicago company said its decision was largely based on intense competition, very low margins and economic changes. ... Read full article

The 106-year-old bank is looking to raise $90 million, with plans to use half of the funds to redeem outstanding preferred stock. ... Read full article

While industry consolidation picked up in 2017, certain regions did better than others, with strong volume and improved pricing. Here’s a look at each region. ... Read full article

A BankThink argues that Treasury's GSE cash infusions are just the return of stolen money; MUFG wants its Union Bank to be one of the nation's 10 largest; fintech promises a 30-minute mortgage; and more. ... Read full article

The Mississippi company will gain nearly $2 billion in loans after it buys Brand Group Holdings. ... Read full article

A judge in North Carolina granted a request by First Citizens to block KS Bancorp from enacting a shareholder rights plan. ... Read full article

The company said it could raise up to $25 million through the initial public offering. ... Read full article

As tax reform spurs demand, a rising rate environment is making the short-term loans more appealing to banks. ... Read full article

The Alabama company will enter Sarasota, Fla., after buying Premier for $52 million. ... Read full article

The $6 million acquisition will add four businesses with a total of $700 million in assets under management. ... Read full article

Independent Bank Group said the funds had become shareholders after it bought Carlile Bancshares last year. ... Read full article

While optimistic about the economy, bankers at this year's ICBA convention are still concerned about credit unions and other nonbanks, the role of technology, weakness in the agricultural sector and succession planning. ... Read full article

Park National, which came to regret its acquisition of a Florida bank just before the financial crisis, took more than a year to vet NewDominion before making an offer. ... Read full article

The company's planned purchase of Coastway Bancorp in Rhode Island makes sense since both institutions used to be credit unions. ... Read full article

The deal – expected to close later this year – will be the third credit union acquisition of a bank so far in 2018. ... Read full article

Despite past missteps in the U.S. mortgage business, the bank is giving it another go, bringing servicing in-house and catering to millennials and international clients here, says HSBC’s Raman Muralidharan. ... Read full article