M&A

A Southeastern expansion at SmartFinancial

05/23/17

The Tennessee bank has agreed to pay nearly $85 million for Capstone Bancshares in Alabama.

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Regional banking stages a comeback in Virginia

05/22/17

Union Bankshares is poised to become a nearly $12 billion-asset bank in a state that lost most of its midsize institutions in the 1990s and early 2000s.

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Berkshire Hills to move HQ to Boston as part of latest acquisition

05/22/17

The company agreed to buy Commerce Bancshares in Worcester, Mass., in a deal that is expected to close in the next six to nine months.

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'Mediocre, but it works': Comments of the week

05/19/17

Readers opine on legacy core systems, the negative messaging around the Troubled Asset Relief Program, Jamie Dimon defending his Trump ties, and more.

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Does MoneyGram sale to Chinese firm pose cyber, AML risks?

05/18/17

The Trump administration must weigh risks to national security in its review of the $1.2 billion deal. Its decision will shed light on whether — given the president’s “America First” rhetoric — Chinese investment is still welcome in the U.S. financial services sector.

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A second cross-Florida M&A deal for Seacoast

05/18/17

The bank, based on the east coast of Florida, is bulking up on the Gulf. It has agreed to buy NorthStar Bank in Tampa a month after buying another bank in the same city.

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Flashback: When sales quotas seemed like a good idea

05/18/17

In March 1998, American Banker reported plans by Norwest Corp. to establish sales quotes and step up cross-selling. Three months later, the Minneapolis bank merged with Wells Fargo.

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What's driving the Mid-Atlantic's M&A surge

05/17/17

Attractive demographics, a large supply of startups that appeared built to sell and a surplus of smaller banks struggling with high expenses have combined to make the Mid-Atlantic one of the most active regions for mergers and acquisitions.

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If you can't beat 'em, buy 'em

05/17/17

Banks and nonbanks are typically foes, but banks made 34 nonbank M&A deals through mid-May, emerging as buyers in two-thirds of them. Many buyers are eager to pad fee income by adding investment, specialty finance or insurance firms; sellers are typically looking to cut costs. Here is a roundup of such deals this year.

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Ten questions for Philadelphia Fed President Patrick Harker

05/16/17

In an extensive interview, Philadelphia Fed President Patrick Harker talks about the challenges facing community banks, the biggest threat to the financial system and the possibility of interest rate hikes later this year.

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