News Topic: M&A

Gary Shook, who led Middleburg Financial before its sale to Access National, has become president of Blue Ridge's bank. ... Read full article

Orchard Platform Markets, a provider of lending data and services backed by the former heads of Citigroup and Morgan Stanley, is set to be acquired by small-business lending platform Kabbage, said people familiar with the deal. ... Read full article

The country's six largest lenders are approaching their strongest capital position since 2013, leaving them with enough resources to pursue acquisitions, buy back shares or build from within. That has the chiefs of Canada's big banks weighing ... Read full article

Beach Community Bank in Fort Walton Beach will be sold for $100 million once its holding company goes through bankruptcy, according to a local news report citing the bank. ... Read full article

Following its acquisition last November of Capital Bank in North Carolina, First Horizon will fund mortgage and small-business lending in low-income areas of the Southeast and expand its vendor relationships with minority-owned firms. ... Read full article

With the three deals, Triumph is beefing up in Colorado, expanding into New Mexico and strengthening its asset-based lending unit. ... Read full article

Four banks have agreed to be sold to credit unions this year. Expect more deals between the longtime nemeses because the smallest banks are of less interest to other banks than they used to be, and some credit unions are in growth mode. ... Read full article

While industry consolidation picked up in 2017, certain regions did better than others, with strong volume and improved pricing. Here’s a look at each region. ... Read full article

The deal for Retirement Plan Services, which provides recordkeeping for employers nationally, is NBT's fourth acquisition of a retirement services firm since 2015. ... Read full article

BB&T is the nation's fifth-largest insurance broker. The deal, expected to close in the third quarter, would further expand its reach in the Southeast and Texas. ... Read full article

KS Bancorp, which is trying to avoid a hostile takeover, may be facing a skirmish with an activist investor over one of its board seat. ... Read full article

The San Diego company said the deal will bring in low-cost deposits and create a new source of fee income. ... Read full article

CFPB acting director uses the senator’s own words against her; Wall Street veteran’s addition shows the German bank is committed to U.S. investment banking. ... Read full article

United Community in Georgia tried hiring Lynn Harton in 2006, but he took another job. They kept in touch, and he's now poised to become the company's CEO. ... Read full article

Marlin will originate and sell equipment loans and leases to Varadero Capital in a move that will provide the lender with a new source of funding. ... Read full article

First International Bank plans to rename the company Kotapay, while expanding services that include handling direct deposit and credit card processing for financial firms. ... Read full article

Jimmy Tallent, who will become the Georgia company's executive chairman, will be succeeded by Lynn Harton ... Read full article

Washington Federal, which is working through Bank Secrecy Act issues, also allowed Anchor to consider offers from other potential buyers. ... Read full article