News Topic: Growth strategies

Investar will pay $46 million in cash for Citizens, which has three branches and $246 million in assets. ... Read full article

Premier Asset Management will add $550 million of assets under management to a platform that First Midwest has historically built with organic growth. ... Read full article

The agreement comes three months after Astoria and New York Community Bancorp called off plans to merge. ... Read full article

Iberiabank is making the biggest deal in its history in Miami, an area known for boom-bust cycles and a condo market that stung banks during the crisis. ... Read full article

Fifth Third, which is currently barred from buying banks, has announced a pair of nonbank deals in recent months. ... Read full article

Some advisers are urging acquirers to strike while they have strong currencies, while others are warning about the risk of overpaying. Sellers, meanwhile, must be wary of a correction after months of surging prices. ... Read full article

She will be joined on the board by Ronald Sargent, a retired chairman and CEO of the office-supply company Staples. ... Read full article

The deal comes months after First Merchants bought a minority stake in Independent Alliance. ... Read full article

West Town will pay $24.6 million in cash and stock for Sound Banking. The deal will close later this year. ... Read full article

Some banks are looking to hire advisers or buy firms, while others are looking to get out of the business entirely. ... Read full article

The California company will target nonprofits and the government sector on a national scale after hiring a pair of lenders. ... Read full article

Heartland will gain 12 branches around Denver and Boulder after it buys the $1.4 billion-asset Citywide. ... Read full article

Supporters of the Community Development Financial Institutions Fund, a Treasury program, are weighing the potential for budget cuts against the administration's interest in creating jobs and helping low-income communities. ... Read full article

Clayton Bank and American City Bank are owned by Clayton HC and have a combined $1.2 billion in assets. ... Read full article

Richard Lashley at PL Capital is taking over a board seat previously held by former CEO Steven Sugarman. ... Read full article

First Busey plans to close the $236 million cash-and-stock acquisition by the middle of this year. ... Read full article

Chaney was CEO of Hancock Holding in Mississippi for nearly a decade, overseeing a period of substantial growth. ... Read full article