News Topic: M&A

Frank Leto, Bryn Mawr’s CEO, called the acquisition of Royal Bancshares of Pennsylvania a “logical choice” for his company. ... Read full article

The Pasadena, Calif.-based prepaid card issuer expects to gain 750,000 active new cardholders in the deal. ... Read full article

Citigroup's plans to sell a $97 billion mortgage servicing portfolio and subservice its remaining accounts highlights the growing prevalence of nondepository servicers and raises questions about how much capacity exists for these institutions to ... Read full article

Customers Bancorp says it expects to announce a deal to divest its BankMobile unit within 60 days. It could be an attractive target for a bank with strong loan demand. ... Read full article

The failure of Seaway Bank, once the nation's biggest black-owned bank, cost the FDIC $57.2 million. ... Read full article

Chinese's largest online payments company to get a footprint in the U.S.; Believers in blockchain bemoan the lack of global cooperation. ... Read full article

Prepaid-card provider Green Dot Corp. is in talks to buy UniRush, a smaller competitor co-founded by Russell Simmons, the music industry entrepreneur behind rap label Def Jam, according to people familiar with the matter. ... Read full article

TD Bank's consumer chief Michael Rhodes explains what service means in the digital age, why stress-testing is a good thing and why the bank is in no rush to make another acquisition. ... Read full article

The merger will create a bank with more than $4 billion in assets. ... Read full article

Wall Street women on what the Women's March meant to them; UBS implementing a more female-friendly approach to wealth management; Beth Mooney outlines post-merger ambitions; and more. ... Read full article

The Lake Success, N.Y., company’s bottom line fell 15% on lower net interest income, though its expenses shrank and fee income rose. ... Read full article

Many banks are weighed down with orders tied to the Bank Secrecy Act and anti-money-laundering laws. Others are dealing with low Community Reinvestment Act ratings. Bank M&A and branching are typically off the table until such issues are addressed, but ... Read full article

The company wants a big deal to help push it over $50 billion of assets, at which point it will be considered systematically important. ... Read full article

First Merchants in Muncie, Ind., has agreed to buy Arlington Bank in Upper Arlington, Ohio. ... Read full article

Acquisition pushes quarterly revenues past $1 billion for first time ever. ... Read full article

The deal had been delayed since Investors had been hit with a BSA-related regulatory order. ... Read full article

Legion Partners said it has “serious concerns” about the company’s disclosure of inaccurate information. ... Read full article

Heritage Oaks in California ended talks with an unnamed institution when it couldn't get a response on a regulatory concern. ... Read full article