M&A

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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Provident in N.J. to surpass $10B in assets with SB One acquisition

03/12/20

The company will enter an affluent New Jersey county and a key New York market with the $209 million deal.

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HomeTrust reverses course on plan to sell $90M in mortgages

03/11/20

The North Carolina company will hold onto the loans following the Fed's decision to slash interest rates.

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United Community enters new Florida markets with Three Shores deal

03/10/20

The Georgia company will expand into central and southern Florida by buying the parent of Seaside National Bank & Trust.

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Settlement in Iowa resolves dispute over bank-credit union branch deal

03/09/20

First American Bank agreed to cover costs incurred by the Iowa Division in Banking, while the regulator made it clear that the accord would not set a precedent for future credit union-bank deals.

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As State Farm bows out, U.S. Bank seizes an expansion opportunity

03/06/20

State Farm struggled to make its bet on banking pay off and decided like other insurers to exit the business. U.S. Bancorp swooped in to add deposits and credit card accounts at little cost or risk.

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Farmers and Merchants in Maryland to buy neighboring bank

03/06/20

The company will pay $25 million in cash for Carroll Bancorp in a deal between Baltimore-area banks.

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