News Topic: Growth strategies

You thought love triangles were complicated. The CEO of Sunshine Bancorp in Florida spoke with nine banks about buying the converted mutual while eyeing three possible acquisitions. The company sold to a buyer that bought another bank at the same time. ... Read full article

Ned Handy, who will take the helm in March, wants to be more aggressive luring deposits in the company's home state. That should reduce the company's reliance on other funding sources to support loan growth. ... Read full article

The Indiana company's board knew what it wanted from a potential buyer, and that helped it as it negotiated one of this year's biggest bank deals. ... Read full article

Joseph MarcAurele will retire as chairman and CEO in March. The company's president and chief operating officer, Ned Handy, will take the helm. ... Read full article

Brookline will pay $56 million in cash and stock for First Commons in a deal that will add $324 million in assets. ... Read full article

The cash acquisition allows First American to expand its operations in Kenosha, Wis. ... Read full article

Chemical Financial's decision to shutter nearly 40 branches and cut more than 200 jobs is due to improved technology and an effort to become more efficient after years of pursuing acquisitions. ... Read full article

The addition of John Stallings, who ran SunTrust's Virginia operations, is intended to make Union a more nimble institution, allowing CEO John Asbury to spend more time on strategic planning. ... Read full article

Financial Institutions will incorporate Robshaw & Julian into another firm it bought early last year. ... Read full article

The parent of State Bank in New Hampton has agreed to buy the holding company for Peoples Trust & Savings Bank. ... Read full article

Bank of the Ozarks, Home BancShares and Simmons First have used acquisitions and a business-friendly environment in their home state to become regional powers. ... Read full article

The $1.5 billion-asset company agreed to buy Southern Missouri Bancshares to expand into two strategically important markets. ... Read full article

Triumph Bancorp in Dallas has successfully taken chances on out-of-state acquisitions, factoring and other nontraditional strategies that many of its peers have avoided. ... Read full article

Marvin Schoenhals had been the Delaware company's chairman for 25 years. He stepped down as CEO in 2007. ... Read full article

The company said that Dennis Shaffer, its president, will succeed James Miller at the end of this year. ... Read full article

Southwest Bancorp, frustrated with a lethargic stock price, opted to find a buyer last summer. It was holding talks with Simmons First when the post-election run-up in bank stocks gave its shares an unexpected lift. Did it do the right thing by proceeding? ... Read full article

First Financial in Ohio is buying MainSource in Indiana — with a twist. MainSource's leader will become CEO. ... Read full article

The New Jersey bank is looking to raise offensive capital just months after its deal to be sold to Investors Bancorp was terminated. Investors was tripped up by regulatory concerns tied to Bank Secrecy Act and anti-money-laundering compliance. ... Read full article