M&A

Business loan demand softer; BofA speeds minimum pay hike

11/05/19

Businesses scaled back investment plans in the third quarter, but consumers continued borrowing; the bank now plans to raise its minimum wage to $20 in 2020.

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Central Illinois community banks agree to merge

11/04/19

Tri County Financial will pay an undisclosed amount for H.F. Gehant Bancorp.

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BayCom adding Colorado branches with Grand Mountain purchase

11/04/19

The California company agreed to pay $14 million in cash for a bank with $131 million in assets.

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BB&T-SunTrust effect at play in First Horizon deal

11/04/19

First Horizon and Iberiabank solidified their resolve after BB&T and SunTrust announced their merger. Bryan Jordan, First Horizon's CEO, says he's convinced the earlier deal is having a similar influence at other regional banks.

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First Horizon to buy Iberiabank in one of year's biggest bank mergers

11/04/19

The acquisition will create a Southeastern regional with $75 billion in assets across 11 states.

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CIT pledges $7.75B reinvestment as part of Mutual of Omaha deal

11/01/19

CIT Group has agreed to lend and invest the money mostly in California as well as in the eight states where Mutual of Omaha Bank has branches.

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Q2 buys PrecisionLender for $510 million

11/01/19

PrecisionLender, the digital banking software vendor's largest acquisition to date, sells sales coaching software.

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SmartFinancial returns to M&A with Progressive Savings purchase

10/30/19

The Tennessee company, which was outbid in an effort to buy a North Carolina bank earlier this year, will pay $41 million for a branch network in the middle part of its home state.

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Northwest Bancshares entering Indiana with latest bank acquisition

10/29/19

The Pennsylvania company will pay $346 million for MutualFirst Financial.

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Tight labor market, policy fights top of mind for small-bank CEOs

10/29/19

It's difficult to recruit and retain talent amid low unemployment, while uncertainty about GSE and BSA reform makes planning harder, bankers said at the ABA convention.

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