News Topic: M&A

People's Bank of Commerce in southern Oregon decided it had to diversify to survive, so when a director heard a factoring firm he co-founded was up for sale, the bank seized the moment. Now it has other deals in mind. ... Read full article

The California company has agreed to buy Grandpoint Capital, a business bank in Los Angeles, for $641 million. ... Read full article

In a move to support its business-to-business payments platform, Visa has agreed to acquire software provider Fraedom. ... Read full article

Analysts are wondering what the big Japanese technology fund plans to do with its proposed stake in Swiss Re; the insurer takes a onetime $6.7 billion loss due to tax reform. ... Read full article

Readers react to the Consumer Financial Protection Bureau pulling back from investigating the Equifax breach, opine on the Federal Reserve's tough enforcement against Wells Fargo, weigh in on gender pay issues and more. ... Read full article

Additional consolidation would not strengthen the industry, but would instead leave consumers with less choice and reduced access to financial services. ... Read full article

S&P lowers the bank’s rating to A-minus following Federal Reserve sanctions on growth; 13 are arrested after alleging defrauding banks of $530 million over seven years. ... Read full article

Warburg Pincus has agreed to buy a majority stake in a mortgage and consumer loan origination and servicing platform owned by Fiserv. ... Read full article

Goldman Sachs is in discussions to acquire the personal finance startup Clarity Money, with plans to fold it into its Marcus online lender, according to people familiar with the matter. ... Read full article

Patriot National in Connecticut planned to build a regional small-business lending operation on its own — until it had a chance to buy a national platform. ... Read full article

Patriot National in Connecticut would become the latest community bank to ramp up small-business lending with its $81 million deal to acquire Hana Financial's much larger SBA lending unit. ... Read full article

The acquisition of Coker Capital Advisors would be the fifth nonbank deal for the Cincinnati company in the past year. ... Read full article

The company, which is planning to sell at least $25 million in stock, said in a presentation tied to the offering that it is well positioned for M&A. ... Read full article

The Kansas City, Mo., company sold Marquette Asset Management, a business it gained as part of its purchase of Marquette Financial Cos., to the firm's principals. ... Read full article

The Massachusetts bank — and former credit union — bought Cumberland County Mortgage in Maine. ... Read full article

Thomas O’Brien made a series of aggressive cuts at Sun Bancorp in New jersey before orchestrating its sale to OceanFirst. ... Read full article

The regional bank sold the business, which serves about 90 clients, to a New York commercial finance firm. ... Read full article

Hadley Robbins had a difficult task stepping in after Melanie Dressel's unexpected death last year. Now he must find ways to keep expanding without disrupting a system that has proved successful. ... Read full article