News Topic: M&A

The company will also surpass $10 billion in assets when it buys Community Bank. ... Read full article

Savings Bank of Walpole and New Hampshire Mutual Bancorp believe merging help them preserve a banking model that has faced pressure in recent years. The CEO at Savings Bank will also replace New Hampshire Mutual's retiring leader. ... Read full article

Blue Lion Capital, which is upset with the Seattle company's growth strategy, also wants to replace two of the company's directors. ... Read full article

Harrison Finance has 35 offices, nearly 140 employees and about $95 million of outstanding loans. ... Read full article

Organizers aiming to open a de novo just outside Charlotte say there's a need for a new community bank after several years of consolidation in the market. ... Read full article

Canadian Imperial Bank of Commerce’s push to be less domestically focused is showing signs of success, thanks to its June takeover of Chicago-based PrivateBank. ... Read full article

The prepaid card issuer has bounced back from the hit it took after discontinuing a product that proved to be popular with fraudsters. ... Read full article

Bank consolidation in the city has picked up in recent months despite erratic oil prices and flooding tied to Hurricane Harvey. ... Read full article

First Citizens, which wants to buy KS Bancorp, has filed a lawsuit to challenge a so-called poison pill provision that the much smaller bank's board recently passed. ... Read full article

The Michigan company has been acquisitive lately, buying California branches and a wealth advisory firm. ... Read full article

Choice, which has a history of acquisitions, is buying a financial institution that largely focuses on business banking. ... Read full article

Superior Choice Credit Union in Superior, Wis., will purchase Dairyland State Bank. It is the second deal announced this year where a credit union plans to buy a bank. ... Read full article

Associated Banc-Corp has agreed to buy an insurance broker in Milwaukee after unveiling agreements to buy a community bank last summer and a Chicagoland wealth management firm in the fall. ... Read full article

The Chicago institution, formed in 2010 to buy the failed ShoreBank, has hired Sandler O'Neill to gauge interest from potential buyers, according to a published report. ... Read full article

Having solid relationships with those who cover the banking industry can lend credibility to management teams, especially when times are tough. ... Read full article

U.S. fintechs attracted $5.8 billion in the fourth quarter as institutions sought an AI edge. ... Read full article

Popular will acquire $1.5 billion in auto loans amid questions about the potential for loan losses following Hurricane Maria. The deal also coincides with Wells Fargo's need to stay inside a growth cap imposed by regulators. ... Read full article

Achieva Credit Union, which recently formed a business to advise other acquisition-minded credit unions, has agreed to buy Preferred Community Bank. ... Read full article