M&A

Axos loads up on more deposits (for free)

12/14/18

The San Diego bank has agreed to assume $225 million in deposits at no premium from Modern Woodmen of America, which is shuttering MWABank, its direct bank subsidiary.

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Delmar Bancorp entering Virginia with latest bank acquisition

12/13/18

Virginia Partners will operate as a separate bank unit after the deal closes.

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WSFS to shrink branch network by 25% after merger closes

12/13/18

The Wilmington, Del., company has identified the 30 branches it plans to close or sell following its acquisition of Beneficial Bancorp in Philadelphia. Most the the closures will take place in Pennsylvania.

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Nobody saw this bank deal coming

12/13/18

When Trinity Capital in New Mexico put itself up for sale last summer, it reached out to several local banks to gauge their interest. Then came a surprise offer from a suitor based a thousand miles away.

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Synovus invests broad authority in new COO

12/12/18

Synovus has given CFO Kevin Blair the additional title of COO. He will oversee three business lines, plus tech, operations and product and treasury management.

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Berkshire Hills to enter Rhode Island with SI Financial purchase

12/12/18

The $180 million acquisition is the first for Berkshire since the sudden departure of CEO Michael Daly.

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Investors in N.J. to close four branches

12/12/18

The $25.5 billion-asset company has also restructured its securities portfolio as part of a broader effort to reduce costs and improve profits.

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Associated buying dozens of Wisconsin branches from Huntington

12/11/18

Associated will gain low-cost deposits and branches in 13 new markets after the deal closes.

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A challenge too good to pass up put Simone Lagomarsino back in the C-suite

12/10/18

The former head of Heritage Oaks Bancorp says she relishes a chance to reinvent Luther Burbank, a thrift that wants to make more commercial loans — a shift she has deftly orchestrated before.

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BayCom to expand Southern Calif. operations with Uniti purchase

12/10/18

Uniti Financial focuses on the Korean-American community through three offices around Los Angeles.

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