After a year of trying to appease U.S. regulators, Ant Financial and MoneyGram have terminated their merger agreement, challenging the Chinese company's strategy for global expansion.
Acquirers announced deals in California, Missouri and Pennsylvania on the last business day of 2017, raising the year's final tally to 245 transactions.
State and federal regulators finally approved the Mississippi bank’s acquisitions of Ouachita Bancshares and Central Community after anti-laundering and CRA matters were resolved. BancorpSouth’s CEO says he may pursue more deals.
The energy crisis, hurricane damage and merger costs have hampered earnings per share at the Louisiana bank, and its CEO has to clear those hurdles and convince investors steady growth is ahead.
Bank M&A started off with a bang this year, with eight of the 10 biggest deals taking place in the first six months. North Carolina and Florida accounted for six deals on the list.
We never promised the news would be good for all these community bankers, and it wasn’t. One couldn’t stop a failure, and another quit soon after an acquisition. The rest have their banks at different points on the comeback trail.
