An $80 million bank M&A deal in New Jersey
OceanFirst Financial's acquisition of Capital Bank of New Jersey would strengthen its presence in the southern part of the state and Philadelphia. ... Read full article
OceanFirst Financial's acquisition of Capital Bank of New Jersey would strengthen its presence in the southern part of the state and Philadelphia. ... Read full article
Ballinger National Bank would be renamed Keystone Bank and its headquarters would move to an Austin suburb. ... Read full article
The added heft will help companies like Independent Bank and Berkshire Hills better compete with the bigger banks that control much of the region’s deposits, and perhaps give them a leg up on other giants, including JPMorgan Chase, moving into the Boston ... Read full article
First Merchants in Indiana would pass $10 billion in assets by acquiring MBT Financial in Michigan. ... Read full article
The regional bank is putting its corporate stamp on branches in the two states. ... Read full article
The company will pay $96 million to buy HomeTown Bankshares to gain scale in western Virginia. ... Read full article
Hanmi Financial wants SWNB in Houston to pay a termination fee, citing "material breaches" of covenants tied to their now-defunct merger agreement. ... Read full article
The acquisitive company plans to buy Blue Hills Bancorp to boost its footprint in eastern Massachusetts. ... Read full article
Veritex will take advantage of accounting rules in its deal for Green Bancorp, a larger bank with lingering energy exposure. ... Read full article
Florida created headaches for the Georgia company during the financial crisis. Increased discipline, and wholesale changes to banking, make the $3 billion purchase of FCB Financial less risky, CEO Kessel Stelling says. ... Read full article
Choice, which has a history of acquisitions, is buying a financial institution that largely focuses on business banking. ... Read full article
The company also set high expectations for revenue opportunities while projecting it will deliver at 15% return on equity in 2019. ... Read full article
Sterling Bancorp in New York is determined to turn Astoria Financial's largely residential operation into a commercial powerhouse. While investors are skeptical, CEO Jack Kopnisky has proven in the past that such an ambitious plan is doable. ... Read full article
The new owner of this Miami bank might be from Chile, but it sure knew how to create warm feelings with the employees it acquired. Instead of cutting back on benefits, it added some new ones — including a cash bonus paid for life events like having a ... Read full article
The CEO of Keefe, Bruyette & Woods, a top matchmaker for bank mergers, explains why large banks will soon return to dealmaking after a long absence, the case for starting new banks and the enduring value of branches. ... Read full article
Even as units of a larger holding company, local banks fight the perception that they can’t provide sophisticated services like corporate or private banking. Executives say that unifying the brand will help Synovus better compete against larger players. ... Read full article
Citizens will pay about $40 million in cash and stock for the $269 million-asset Wells in a deal set to close in the third quarter. ... Read full article
The New York bank will double in size while gaining greater access to Long Island and low-cost deposits that should come in handy as interest rates rise. ... Read full article
The bank will have $700 million in assets under management after it buys HJ Wealth Management in Pennsylvania. ... 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