M&A

Rheo Brouillard, the head of SI Financial, finally had a solid offer in hand after more than two years of searching for a buyer. But the resignation 10 days later of the man who made him that offer — Berkshire Hills’ Michael Daly — sent Brouillard scrambling.

The Fed vice chair says regulators need to be on the “cutting edge” at spotting vulnerabilities; firm looks to win over future millionaires.

Regional and community banks are eager to buy branches and hire top performers from the merging companies.

“The board's record of summarily approving mergers raises doubts about whether it will serve as a meaningful check on this consolidation that creates a new too big to fail bank,” Sen. Elizabeth Warren said in a letter to the Fed.

SunTrust’s merger with BB&T is the largest bank deal since the financial crisis, and mortgages will play a critical role in the execution of this transaction.