M&A

Activist investor mounts proxy battle at Banc of California

02/07/17

Legion Partners, which has raised concerns about corporate governance and pushed the bank to consider selling itself, will seek two board seats.

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Flagstar to buy correspondent lending platform from Stearns

02/06/17

The deal includes about 250 correspondent relationships accounting for more than $7 billion of annual agency and governmental residential mortgage loan production.

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First Busey to enter Chicago area with First Community acquisition

02/06/17

First Busey plans to close the $236 million cash-and-stock acquisition by the middle of this year.

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First NBC's new chief aims to salvage company, not sell it

02/06/17

Carl Chaney said he would have turned down the job if he doubted his ability to turn the New Orleans bank around.

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First NBC in New Orleans hires industry veteran Carl Chaney as its new CEO

02/06/17

Chaney was CEO of Hancock Holding in Mississippi for nearly a decade, overseeing a period of substantial growth.

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Where SoFi-Zenbanx merger falls short

02/02/17

The deal marks a milestone in SoFi’s evolution into a private bank for millennials, but it won’t solve the challenges of the alternative lender’s funding model.

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How patience paid off for this bank buyer

02/02/17

First Interstate missed out on two chances to snag Cascade before agreeing to buy the company in November, showing the importance of staying in touch with a target.

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United Fidelity in Indiana buys Bank of St. Croix

02/02/17

United continues to extend a far-flung operation that includes branches in Chicago, Denver and Florida.

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Sofi expands deeper into banking; CFPB fines RushCard

02/02/17

Social Finance continues to expand outside student loans, buying Zenbanx, a digital bank and money transfer startup; prepaid card provider fined $13 million over 2015 system outage.

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Why a founding architect of direct banking is selling to a nonbank

02/01/17

Arkadi Kuhlmann, the founder and CEO of the neobank Zenbanx who pioneered branchless banking at ING Direct, explains why he stopped pursuing a bank charter and made a deal with Social Finance.

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