M&A

Crane Credit Union to buy Indiana bank

06/11/20

The credit union will pay an undisclosed amount for Community State Bank of Southwestern Indiana.

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Heartland to buy Arizona branches from Johnson Financial

06/10/20

Johnson is exiting the state with the sale of the four locations.

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PNC open to deal that would boost assets to $700 billion, CEO says

06/09/20

Flush with capital from the sale of its stake in BlackRock, PNC is willing to go big on an acquisition but would be wary of buying a bank with a heavy concentration of consumer loans, CEO William Demchak said.

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Banks enter era of 'no regrets' cost cutting

06/03/20

Faced with limited growth opportunities and potentially mounting loan losses, banks are getting aggressive — and creative — to boost profits.

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Lessons learned from last crisis can be applied today

05/28/20

Banks would be wise to dust off their Great Recession playbook and shed nonperforming loans while growing through M&A.

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Dimon counsels against bank stock buybacks; Texas banks call off merger

05/27/20

The JPMorgan CEO says the recovery has to start first, and future buybacks won’t be as big as before; Texas Capital Bancshares and Independent Bank blame the coronanvirus market impact.

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Find a buyer or a new CEO? What’s next for Texas Capital

05/26/20

The Dallas bank appears to be at a crossroads after its merger with Independent Bank Group was called off Tuesday.

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Coronavirus crisis forces banks to scuttle merger plans

05/26/20

At least four pending deals have been canceled since the economy was locked down to slow the pandemic's spread. With banks' market values falling and loan-loss provisions piling up, more terminations are likely.

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Mortgage underwriting tightens as rates fall; HSBC mulls sale of U.S. unit

05/26/20

Despite record low mortgage rates, borrowers are having trouble getting loans from wary lenders; the underperforming American unit may be ditched in U.K. bank restructuring.

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Texas Capital, Independent terminate $3 billion merger

05/26/20

Texas Capital said that Keith Cargill had also stepped down as its president and CEO.

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