M&A

Citizens to buy restaurant advisory shop in bid to boost fee income

02/13/20

The deal for Trinity Capital in Los Angeles would further strengthen the company's capital markets capabilities.

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Broadway Financial in California pressed to sell by Sugarman-led group

02/12/20

Capital Corps, founded by former Banc of California CEO Steven Sugarman, wants the minority-run Broadway sold to a buyer that serves low- and moderate-income borrowers.

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Heartland to double size of western Texas operations with AimBank acquisition

02/11/20

The Iowa company will pay $280 million to gain 25 branches and $1.2 billion in loans.

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Charges in Equifax hack; Varo Money passes FDIC test

02/11/20

Four Chinese military members charged with stealing data of 150 million Americans; fintech can use deposit insurance, a step toward a full bank charter.

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Credit union to buy Minnesota community bank

02/10/20

Wings Financial Credit Union expects to complete the purchase of Neighborhood National Bank in the third quarter.

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Moynihan’s pay holds steady; cryptocurrency scams flourish

02/10/20

The BofA CEO’s $26.5 million salary was about the same as in 2018; investors hoping for quick riches still fall for cryptocurrency-based Ponzi schemes.

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SB Financial entering new Ohio market with Edon Bancorp deal

02/07/20

The company will pay $15.5 million in cash for a bank with one branch and a large amount of low-cost deposits.

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Activist investor to join Bankwell's board

02/06/20

The Connecticut company will appoint Lawrence Seidman to become a director at its next annual meeting.

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BankFirst adding to Alabama operations with T&F purchase

02/05/20

The Mississippi company will pay $49 million for Traders & Farmers Bancshares.

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NBT in New York buying employee benefits firm

02/04/20

The company agreed to acquire Alliance Benefit Group of Illinois, which has more than 600 clients and 40,000 plan participants.

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