News Topic: M&A

Customers and employees of Opus Bank and Banc of California could bolt to several other Southern California banks amid downsizing, scandal and credit quality issues. ... Read full article

Though backward-looking, the exam restricts the company from buying banks or opening branches outside the Northeast. ... Read full article

Fifth Third, which is currently barred from buying banks, has announced a pair of nonbank deals in recent months. ... Read full article

CIBC’s CEO vows to stay “disciplined” in his bid to buy PrivateBancorp, even as some of the Chicago bank’s investors say the deal is insufficient. The head of RBC, meanwhile, said it will pursue organic growth instead of acquisitions, at least for a while. ... Read full article

Some advisers are urging acquirers to strike while they have strong currencies, while others are warning about the risk of overpaying. Sellers, meanwhile, must be wary of a correction after months of surging prices. ... Read full article

Canada's largest lender reported double-digit profit growth in its latest quarter in part because of CEO David McKay's focus on expanding in private wealth and commercial banking in the U.S. ... Read full article

The prepaid card issuer has been striving to overcome the setback it suffered from the discontinuation of a popular product in 2015. ... Read full article

The move will more than double the size of Eldorado's branch network, while allowing MidCountry to exit the market. ... Read full article

Columbia Banking's CEO, who died unexpectedly on Sunday, was a thoughtful and tenacious leader who leaves a legacy of turning a small Washington bank into a regional power in the Pacific Northwest. ... Read full article

How to keep score in the industry and identify the truly victorious banks has never been tougher. ... Read full article

The deal comes months after First Merchants bought a minority stake in Independent Alliance. ... Read full article

West Town will pay $24.6 million in cash and stock for Sound Banking. The deal will close later this year. ... Read full article

The deal with American Homestead Mortgage will allow Wintrust Mortgage to move into northern Montana. ... Read full article

Stocks of big banks have now largely recovered from their financial crisis lows; the big Japanese tech and telecom company plans to buy the $70 billion asset manager. ... Read full article

CapGen, once a vocal critic of management, will cut its holdings to as little as 3% of shares outstanding. ... Read full article

The bank and one of its investors are planning a sale of common stock that could help fund growth initiatives. ... Read full article

Not every bank could simultaneously make and entertain acquisition offers like Pacific Continental did, but its story highlights hard questions facing financial institutions in a consolidating industry. ... Read full article

Progress will pay $42 million to expand in Birmingham, Ala., adding branches in a market where it hired a lending team last year. ... Read full article