M&A

Behind the year's second-largest bank deal

03/10/17

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.

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How regulations drove a digital bank into unlikely hands

03/08/17

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.

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Investar Holding to buy Citizens Bancshares in Louisiana

03/08/17

Investar will pay $46 million in cash for Citizens, which has three branches and $246 million in assets.

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Digital bank goes for $175 million, or four times revenue

03/08/17

The price Customers Bancorp is getting for its BankMobile unit would exceed the initial estimates of $100 million to $150 million.

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Astoria deal to turn Sterling into regional power in New York

03/07/17

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.

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First Midwest buys investment adviser in Chicago

03/07/17

Premier Asset Management will add $550 million of assets under management to a platform that First Midwest has historically built with organic growth.

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Sterling Bancorp to buy Astoria Financial in N.Y. for $2.2 billion

03/07/17

The agreement comes three months after Astoria and New York Community Bancorp called off plans to merge.

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PrivateBancorp setting new date for shareholder vote on sale to CIBC

03/06/17

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.

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Proficio Bank becomes first Utah failure in six years

03/03/17

Cache Valley Bank in Utah agreed to buy Proficio's deposits and most of its assets.

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Banc of California to sell mortgage business to Caliber Home Loans

03/03/17

Caliber will also buy about $36 million of mortgage-servicing rights in a deal that is expected to close at the end of March.

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