M&A

PNC says BBVA deal won’t derail organic growth plans

01/15/21

The Pittsburgh company intends to continue adding commercial offices and retail branches in markets it had been eyeing before agreeing to buy BBVA USA for $11.6 billion.

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CRM provider Tier1 buys financial crime software vendor Alessa

01/15/21

Tier1 Financial Solutions says the acquisition will give it access to midsize financial institutions and that Alessa's product will improve onboarding for Tier1's clients.

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Diversified Credit Union members to vote on Spire merger

01/14/21

The deal is a sign of further consolidation among Twin Cities-area credit unions, following another combination announced in May.

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First Community Bank of Tennessee buying mortgage lender

01/14/21

The bank agreed to acquire A Mortgage Boutique, which operates in six states.

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BancorpSouth to buy FNS Bancshares in Alabama

01/13/21

The Mississippi bank will pay $108 million for the parent of FNB Bank, which has branches in Alabama, Georgia and Tennessee.

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Expect surge in mergers of equals in '21, industry veteran says

01/13/21

Robert Kafafian says he's hearing more MOE chatter now than at any time in his decades-long career as a consultant. He cited smaller banks' need to cut costs, improve tech offerings and compete with bigger lenders.

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Visa's plan to move on from Plaid

01/13/21

After calling off its bid to buy the data aggregator Plaid, the card network is shifting its focus back to its role as an enabler of digital payments and related services.

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Visa and Plaid call off merger, ending DOJ litigation

01/12/21

Visa and Plaid have terminated their tie-up and reached an agreement with the Department of Justice to dismiss the litigation brought against them when the deal raised antitrust questions.

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Canadian banks eye U.S. acquisitions

01/11/21

Flush with excess capital, Bank of Montreal, TD Bank and others say they might be in the market to do a cross-border deal.

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With share prices rising, banks have more growth options

01/11/21

Bank stocks have climbed because of expectations that the change of power in Washington will hasten vaccine distribution and speed the economic recovery. The boost could give executives more flexibility to pursue acquisitions or make other strategic moves.

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