News Topic: Integrations
Search Results
How TCF pulled off huge M&A integration during pandemic
The Detroit regional relied on smaller teams, flexible deadlines and tightly defined tasks to convert the systems of Chemical Financial and rebrand. ... Read full article
Truist defers more cost cuts to 2022
The company has revised its near-term forecasts for reducing expenses, citing delayed branch closings and a decision to spend more time testing systems ahead of conversion and integration. ... Read full article
Truist rivals eager to poach clients but will have to wait
For small regionals like Atlantic Union and F.N.B., the biggest opportunity to snag customers will come when the rebranding of BB&T and SunTrust branches begins next year. ... Read full article
Q2 buys PrecisionLender for $510 million
PrecisionLender, the digital banking software vendor's largest acquisition to date, sells sales coaching software. ... Read full article
Fintech acquisition targets bank accounting software market
AvidXchange is expanding its outreach to lenders with its purchase of BankTEL, which currently does business with 20% of U.S. banks. ... Read full article
Another former mutual is being sold to a credit union
3Rivers Federal Credit Union in Indiana will pay about $38 million for West End Bank. ... Read full article
Credit union-bank merger wave reaches Arizona
Arizona Federal Credit Union said its deal to buy Pinnacle Bank is the first of its kind in the Grand Canyon State. ... Read full article
Step on it: Banks pressured to speed up merger integrations
Rising premiums and lenghty earn-back periods have made investors more skeptical than ever about M&A. So the sooner banks are able to convert systems and rebrand, the sooner they'll be able to meet the promised cost-cutting and revenue targets. ... Read full article
Abigail Mrozinski, Wilmington Trust | Most Powerful Women: Next
When M&T Bank was acquiring Wilmington Trust in 2011, it tapped into Abigail Mrozinski's deep understanding of its newly added wealth business to help the merger go smoothly. ... Read full article
'Should we have banks of this size being formed?': Inside the BB&T-SunTrust deal
M&A editor Paul Davis explores the practical and political implications of the proposed merger between BB&T and SunTrust. ... Read full article
Digital arms race key driver in BB&T-SunTrust deal
The merged bank would set up an innovation and technology center in Charlotte as part of its bid to compete better against the largest institutions and fintech startups. ... Read full article
Bank M&A: What January data hints about 2019
Volume was steady, but deal values would've been the lowest in years if not for one big, and very intriguing, transaction. ... Read full article
Bank deal to boost Central Florida Educators FCU's business lending
The Lake Mary, Fla.-based credit union has agreed to buy Fidelity Bank of Florida for an undisclosed amount. ... Read full article
First Horizon 4Q profit reflects focus on traditional banking
The Tennessee company is pleased with loan growth. It has also been able to reduce its dependence on brokered deposits as it brings in new customers following its purchase of Capital Bank. ... Read full article
Fiserv-First Data: Why small banks fear big fintech
The large core banking software vendors are already criticized as large and slow-moving. Consolidations like these are only likely to make them more so. ... Read full article
Deutsche Bank watchdogs said to favor Europe deal for lender
Deutsche Bank's key regulators would prefer the lender merge with a European rival rather than local competitor Commerzbank, setting them apart from forces in the government keen on an all-German deal. ... Read full article
Va. banker's goal: Create mid-Atlantic powerhouse
A smooth integration of Access National could allow John Asbury, CEO of Union Bankshares, to move a step closer to building a regional franchise that stretches from Baltimore to Hampton Roads. ... Read full article
Banker of the Year: Zions' Harris Simmons
His knack for public policy, dedication to technological improvements once considered the province of big banks, and willingness to tear up a business model that he and his father built make him our top Best in Banking honoree. ... Read full article
SVB Financial to buy Boston investment bank
The California company will pay $280 million to buy Leerink Holdings, which focuses on health care and life sciences firms. ... Read full article
