M&A secret: Trim the fat before buying someone else
A vital first step for banks looking to grow through mergers and acquisitions is to shrink. ... Read full article
A vital first step for banks looking to grow through mergers and acquisitions is to shrink. ... Read full article
Scott Heitkamp is encouraged by a more positive tone coming from President Trump. His goal in the next year is to make regulation easier for his fellow bankers. ... Read full article
Capital Bank Financial in Charlotte is working with advisers to explore a sale after receiving an unsolicited approach, people familiar with the matter said. ... Read full article
The New Orleans company, which recently sold nine branches and $1.3 billion in loans, was ordered to raise more capital or find a buyer. ... Read full article
First Busey will pay $133 million in cash and stock for Mid Illinois in a deal that should close later this year. ... Read full article
The private-equity firm Vista Equity Partners will acquire D+H in a deal valued at $3.57 billion. ... Read full article
Farmers National will pay about $7.8 million in cash and stock for the $43.3 million-asset Monitor in a deal that should close in the second or third quarter. ... Read full article
Pinnacle Financial wanted to be in high-growth markets. BNC Bancorp saw more regulatory burden looming and limited opportunities to sell itself. Those factors spurred what is currently the year's second-biggest bank deal. ... Read full article
The tiny Flagship Bank has made an unusual bet in agreeing to pay 20 times current capital to buy BankMobile, but the same Durbin amendment that prompted Customers Bancorp to sell the unit also made Flagship the ideal buyer. ... Read full article
Investar will pay $46 million in cash for Citizens, which has three branches and $246 million in assets. ... Read full article
The price Customers Bancorp is getting for its BankMobile unit would exceed the initial estimates of $100 million to $150 million. ... Read full article
The New York bank will double in size while gaining greater access to Long Island and low-cost deposits that should come in handy as interest rates rise. ... Read full article
Premier Asset Management will add $550 million of assets under management to a platform that First Midwest has historically built with organic growth. ... Read full article
The agreement comes three months after Astoria and New York Community Bancorp called off plans to merge. ... Read full article
The Chicago company postponed a vote planned late last year after a surge in bank stocks changed the math behind the cash-and-stock transaction. ... Read full article
Cache Valley Bank in Utah agreed to buy Proficio's deposits and most of its assets. ... Read full article
Caliber will also buy about $36 million of mortgage-servicing rights in a deal that is expected to close at the end of March. ... Read full article
The bank will have $700 million in assets under management after it buys HJ Wealth Management in Pennsylvania. ... Read full article
Iberiabank is making the biggest deal in its history in Miami, an area known for boom-bust cycles and a condo market that stung banks during the crisis. ... Read full article
The $1 billion deal, the second-largest bank acquisition announced this year, will expand Iberiabank's operations in South Florida. ... Read full article