News Topic: Growth strategies

The deal, which is expected to close in the fourth quarter, values Cornerstone at $25.8 million. ... Read full article

Bank of Montreal, Canada's oldest lender, has turned to a former investment banker with an interest in continued U.S. expansion to lead the firm into its third century. ... Read full article

The deal, which is expected to close in the fourth quarter, should significantly increase PacWest's operations in southern California. ... Read full article

The Houston company was formed in 2009 to buy struggling banks in the wake of the financial crisis. ... Read full article

Live Oak Bancshares in North Carolina has hired Scott Custer to run its bank. Custer recently resigned as a consultant to F.N.B. Corp. in a move that took place days after F.N.B. bought Yadkin Financial, where he had been president and CEO. ... Read full article

Coast Capital Savings, Canada's biggest credit union by membership, plans to expand beyond British Columbia to challenge the dominance of the nation's banks. ... Read full article

Scott Custer resigned as a director and paid consultant to F.N.B. days after the Pittsburgh company bought Yadkin to enter North Carolina. ... Read full article

The California company will lease space on three floors of the building, while keeping a branch at the location. ... Read full article

Mid Penn agreed to pay $59 million for Scottdale Bank in a deal that is expected to close in the third quarter. ... Read full article

The New Jersey company added a representative of Blue Harbour Group in Connecticut to its board. ... Read full article

First Bank, based in New Jersey, will pay about $27 million for Bucks County Bank in a deal that is expected to close in the third quarter. ... Read full article

Creative growth strategies are helping banks with $10B to $50B of assets — including Webster and TCF — improve profitability. These ‘tweeners’ deal with tougher regulations than smaller competitors without the scale larger ones have to absorb the expense. ... Read full article

The Fed said it will conduct extensive reviews only of deals that create banks with assets of $100 billion, replacing the prior mark of $25 billion. The disclosure was included in the Fed's approval of People's United's purchase of Suffolk ... Read full article

H. Palmer Proctor has been the Atlanta company's president since 2004. ... Read full article

Selling a participation in a line of credit to the Puerto Rico Electric Power Authority reduced the company's nonperforming assets by 9%. ... Read full article

First Busey will pay $133 million in cash and stock for Mid Illinois in a deal that should close later this year. ... Read full article

Gulf Coast Bank & Trust wanted to expand beyond Louisiana. Buying a national SBA platform does that in a very big way. ... Read full article

Farmers National will pay about $7.8 million in cash and stock for the $43.3 million-asset Monitor in a deal that should close in the second or third quarter. ... Read full article