North Carolina investment group buying Tennessee bank


The acquirer had pursued a de novo strategy in its home state but was unable to raise enough capital.


Banks improvise annual meeting plans as pandemic worsens


The COVID-19 crisis is forcing many banks to hold their spring shareholder meetings online only.


New York banks delay merger closing due to coronavirus outbreak


Flushing Financial, which had planned to complete its purchase of Empire Bancorp in early April, has moved its target date back by about two months.


Coronavirus outbreak forces VSB to delay vote on sale to Northfield


The New York company moved its April shareholder meeting to June because of the pandemic.


Will OCC plan silence some critics of bank M&A?


Groups often will oppose mergers on Community Reinvestment Act grounds. But the proposal would tighten standards for when the agency includes “adverse comments” in the process.


Coronavirus emerges as risk factor for pending bank mergers


First Horizon and Pacific Premier are warning in regulatory filings that the pandemic could complicate deals that have not been completed.


Bank M&A was already slowing down. Then the pandemic hit.


Coronavirus concerns, along with the Fed's emergency rate cut and an erratic stock market, have forced most bankers to take pause and reassess potential deals.


Provident in N.J. to surpass $10B in assets with SB One acquisition


The company will enter an affluent New Jersey county and a key New York market with the $209 million deal.


HomeTrust reverses course on plan to sell $90M in mortgages


The North Carolina company will hold onto the loans following the Fed's decision to slash interest rates.


United Community enters new Florida markets with Three Shores deal


The Georgia company will expand into central and southern Florida by buying the parent of Seaside National Bank & Trust.