M&A

You name it, this fast-growing regional has a plan (just ask)

05/08/19

Pinnacle Bank chief Terry Turner never lacks specifics. He wants to expand inside a triangular zone that connects three Southern and mid-Atlantic cities, aims to enter five particular markets, and speaks bluntly about his plans for hiring alums of BB&T and SunTrust.

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Preparing banks for climate change; Swaps rules ease considered

05/08/19

The Fed is moving to prepare banks for unexpected shocks tied to weather; rules would be eased for trades between affiliates.

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PNC to sell investment management assets for $52 million

05/07/19

The Pittsburgh bank says it is selling the assets to Federated Investors to focus its PNC Capital Advisors unit on providing outsourced services.

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Investor group buys, recapitalizes North Carolina bank

05/07/19

Sound Bank has new management as part of the transaction. It will also get a new name and expand into higher-growth markets.

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Mergers stir up competition in Denver banking market

05/06/19

The Mile High City has been disrupted by a number of big M&A deals, providing an opening for other banks to benefit.

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Summit Financial in W.Va. sells insurance business

05/06/19

The company will record a $2.1 million pretax gain in the second quarter after selling Summit Insurance Services to the Hilb Group.

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Brazilian financial giant to buy BAC Florida Bank for $500 million

05/06/19

Banco Bradesco said it will use the acquired bank to expand its investment offerings in the United States.

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BB&T, SunTrust clear key hurdle on road to merger

05/03/19

Concerns about job losses and political blowback still loom, but the two banks made it through a second day of public hearings hosted by the Fed relatively unscathed and with significant local support.

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Florida bank is biggest to be sold to a credit union

05/03/19

MidFlorida Credit Union has agreed to buy the $730 million-asset Community Bank & Trust of Florida in Ocala.

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Synchrony appoints executive to oversee venture investments, M&A

05/02/19

Brian Doubles, who had been chief financial officer, will continue to report to CEO Margaret Keane in the newly created role.

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