DOJ tells First Financial to ditch five MainSource branches
The divestitures are necessary to get the Justice Department to sign off on First Financial's $1 billion purchase of MainSource Financial. ... Read full article
The divestitures are necessary to get the Justice Department to sign off on First Financial's $1 billion purchase of MainSource Financial. ... Read full article
The Texas company will gain four branches and $160 million in loans after the acquisition closes. ... Read full article
The Dallas company has agreed to sell its health care lending group to an undisclosed buyer. ... Read full article
A Swiss financier has agreed to buy Brickell Bank a year after another sale fell through. ... Read full article
Social Finance has acquired the engineering and product teams of mortgage startup Clara Lending, bolstering the financial technology company's offerings beyond student-loan refinancing, according to people familiar with the matter. ... Read full article
Ameris would gain 24 Atlanta-area branches in the $406 million deal. ... Read full article
The Seattle company, which is gearing up for a proxy battle with Blue Lion Capital, appointed a former U.S. Bancorp executive to fill a board vacancy. ... Read full article
The Louisiana company recorded charges tied to recently passed tax reform and the purchase of Sabadell United Bank. ... Read full article
Nano Financial will offer new technology to Commerce Bank's commercial customers as it considers ways to license it to other financial institutions. ... Read full article
Burned by a 2007 deal in Florida, Park National in Ohio had several years to reflect on lessons learned before agreeing to buy NewDominion Bank in Charlotte, N.C. ... Read full article
An economic correction is long overdue, the Ohio company says in explaining why now is the wrong time for long-term entanglements like mergers. ... Read full article
The New York company recorded more than $130 million of expenses tied to its October purchase of Astoria Financial. ... Read full article
The Pittsburgh company reported a noisy fourth quarter that included expenses tied to its purchase of Yadkin Financial and a reduction in the value of its deferred tax assets. ... Read full article
Bank will add 400 branches and boost mortgage lending; the company attempts first acquisition since it nearly failed during the financial crisis. ... Read full article
NewDominion, which has completed an improbable turnaround, is the last community bank based in Charlotte, N.C. ... Read full article
The South Carolina company also provided a timeline for heightened regulation tied to crossing the $10 billion-asset threshold. ... Read full article
The Illinois company reported strong loan growth, an wider net interest margin and a one-time net tax benefit of nearly $8 million tied to recently passed tax reform. ... Read full article
Look for banks to boost dividend payouts, expand into new markets, increase their tech spending and, eventually, ramp up their C&I lending. But don't expect much in the way of M&A. ... Read full article
Wings Financial Credit Union will also gain about $40 million in deposits and $10 million in loans. ... Read full article
The Stamford, Conn.-based credit card issuer saw improvement in late payments by its customers, but the pace of loan growth also slowed during the fourth quarter. ... Read full article