News Topic: M&A

The biggest bank M&A agreement of the year might not have happened if the buyer, Sterling Financial, had refused to prove to Astoria Financial that it had thoroughly vetted the deal with regulators. ... Read full article

The Westbury, N.Y., company is angling for an acquisition as it approaches the $50 billion-asset mark. ... Read full article

The New York company also reported a wider net interest margin and lower noninterest expenses. ... Read full article

The Tulsa, Okla., company also benefited from higher interest and fee revenue while keeping expenses under control. ... Read full article

President and COO Ignacio Alvarez will replace Richard Carrion as CEO on July 1. ... Read full article

The Georgia company invested in HCSB Financial's recapitalization a year before agreeing to buy the coastal South Carolina bank. Doing so allowed United to stay to close to HCSB and its board, which helped when the time came to discuss a deal. ... Read full article

Sierra will pay $36 million for the parent of the $257 million-asset Ojai Community Bank in a deal that should close by the end of this year. ... Read full article

Forecasts for better times ahead in banking have sellers wanting more and buyers pursuing less. ... Read full article

Mariner Kemper, UMB's chief executive, said he struggled with the decision to sell Scout Investments to Raymond James. Selling made more sense than pumping more capital into the beleaguered business. ... Read full article

The deal is the latest coastal acquisition for United Community. For HCSB, the sale is the final chapter in a turnaround that began 13 months earlier. ... Read full article

The company has hired an investment bank to help it consider strategic alternatives, which could also include recapitalizing. ... Read full article

Despite merger-related charges, the Cleveland bank's first-quarter profit climbed 63% as the addition of a million new customers led to strong gains in both interest and fee income. ... Read full article

The Ohio company said it is retaining more FirstMerit deposit accounts than it had projected. At the same time, Huntington is moving forward with cost-cutting tied to the acquisition. ... Read full article

The Mississippi company reported loan growth but a dip in profits after a first-quarter acquisition, and it warned that it is on alert for any new “lag” in the energy sector. ... Read full article

Bank earns $75 million for saving Bass Pro Shops's acquisition of rival outdoor retailer; Trump to name Randal Quarles as Fed's vice chairman for bank supervision. ... Read full article

The Columbus, Ga,, company also announced late Monday that it is buying the credit card assets and brokered deposits of the retailer Cabela's and will then sell the card portfolio to Capital One. ... Read full article

The financial press looks at possible ramifications from Jes Staley's attempt to unmask a whistleblower at the British bank; why has the digital currency failed to live up to eight years of hype? ... Read full article

Anchor's sale agreement comes less than a year after it put a representative of the activist investor Stilwell Group on its board. ... Read full article