M&A

Managers at Investors Bancorp hit the streets to pull in deposits

02/15/19

"You can't meet customers at the headquarters," CEO Kevin Cummings tells his senior executives.

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HomeStreet acquiesces to activist investor, will sell mortgage unit

02/15/19

HomeStreet Bank will attempt to sell its stand-alone mortgage business and portfolio of servicing rights, a move that comes amid growing pressure from an activist investor to exit home lending and concerns about declining demand and regulatory challenges.

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'Accounting smoke and mirrors': Comments of the week

02/15/19

Readers weigh the BB&T-SunTrust deal, consider how a new accounting standard could affect Fannie Mae and Freddie Mac, debate the impact of the government shutdown on credit histories and more.

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Speedier bank mergers; a new take on the Equifax hack

02/14/19

The time regulators take to decide on prospective deals has dropped sharply; a report says the cyberthieves were looking for info to help recruit spies.

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5 pros and cons of Ellie Mae going private

02/13/19

The private equity acquisition of fintech vendor Ellie Mae will give it some breathing room in a declining originations market being owned a more patient and strategic investor rather than shareholders as a publicly traded company.

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Return of the barbell? How BB&T-SunTrust threatens banking's middle tier

02/13/19

The biggest merger in years is reviving the idea that the industry is headed for a barbell-like shakeout, with very large banks on one end, community banks on the other and very few in between.

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Fed, not FDIC, should regulate a merged BB&T-SunTrust

02/13/19

The Federal Deposit Insurance Corp., BB&T’s primary regulator, has a history of going easy on the bank. The combined entity would be better supervised by the central bank, which already oversees SunTrust.

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Goldman CEO’s political concerns; Wall Street eyes corporate HR

02/13/19

Solomon says he expects 2020 presidential aspirants to target banks; corporate human resources’ predictable revenue attracting investment banks’ attention.

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Mortgage fintech Ellie Mae to go private in $3.7B deal with Thoma Bravo

02/12/19

The mortgage loan origination system developer Ellie Mae is going private, agreeing to be acquired by the private equity firm Thoma Bravo in an all-cash transaction valued at $3.7 billion.

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Inside the bank deal that survived after a CEO quit

02/12/19

Rheo Brouillard, the head of SI Financial, finally had a solid offer in hand after more than two years of searching for a buyer. But the resignation 10 days later of the man who made him that offer — Berkshire Hills’ Michael Daly — sent Brouillard scrambling.

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