M&A

Another bank merger is delayed because of coronavirus outbreak

04/08/20

Pinnacle Bankshares and Virginia Bank Bankshares said the move will let each bank focus more on responding to the COVID-19 pandemic.

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SoFi to buy payments firm Galileo for $1.2 billion

04/07/20

The acquisition would give SoFi control of a technology platform that is currently used by some of its competitors in digital banking.

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NCUA extends comment period for credit union-bank purchase proposal

03/30/20

The regulator formally announced the 60-day delay on Monday after tweeting about it over the weekend.

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North Carolina investment group buying Tennessee bank

03/30/20

The acquirer had pursued a de novo strategy in its home state but was unable to raise enough capital.

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Banks improvise annual meeting plans as pandemic worsens

03/24/20

The COVID-19 crisis is forcing many banks to hold their spring shareholder meetings online only.

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New York banks delay merger closing due to coronavirus outbreak

03/23/20

Flushing Financial, which had planned to complete its purchase of Empire Bancorp in early April, has moved its target date back by about two months.

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Coronavirus outbreak forces VSB to delay vote on sale to Northfield

03/21/20

The New York company moved its April shareholder meeting to June because of the pandemic.

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Will OCC plan silence some critics of bank M&A?

03/19/20

Groups often will oppose mergers on Community Reinvestment Act grounds. But the proposal would tighten standards for when the agency includes “adverse comments” in the process.

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Coronavirus emerges as risk factor for pending bank mergers

03/16/20

First Horizon and Pacific Premier are warning in regulatory filings that the pandemic could complicate deals that have not been completed.

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Bank M&A was already slowing down. Then the pandemic hit.

03/13/20

Coronavirus concerns, along with the Fed's emergency rate cut and an erratic stock market, have forced most bankers to take pause and reassess potential deals.

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