News Topic: M&A
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High Point Financial to enter new market with Durand Bancorp acquisition
Toronto-Dominion ‘very open’ to major bank deal in U.S.
Triumph Bancorp to buy software firm to fill gap in its payments business
PacWest buying large HOA business from MUFG Union Bank
VyStar lines up biggest-ever bank purchase by a credit union
Upstate New York credit union merging into SeaComm FCU
Recalling a humbled JPMorgan
Fee income lagging, Louisiana bank makes bet on wealth management
Peoples in Ohio to expand eastward with Premier acquisition
Peoples Bancorp will pay $292 million for the West Virginia company. It also announced it's buying a leasing company in Vermont. ]] ... Read full article
Maine credit unions call off merger
A planned combination of Maine State Credit Union in Augusta and Midcoast Federal Credit Union in Freeport has been nixed despite receiving approval from regulators. ]] ... Read full article
Seacoast’s new CEO takes M&A baton and runs with it
Four months into the job, Charles Shaffer has struck a deal for Legacy Bank of Florida and is eyeing more acquisitions. His predecessor, Dennis Hudson III, built Seacoast with more than a dozen buyouts across the Sunshine State. ]] ... Read full article
Wells Fargo selling trust unit to Computershare for $750 million
Wells Fargo, disposing of units to simplify operations, agreed to sell its corporate trust business to Australia’s Computershare Ltd. for $750 million. ]] ... Read full article
What sold Banc of California on buying Pacific Mercantile
The $235 million acquisition will bring CEO Jared Wolff's company a trove of cheap deposits and the chance to slash costs without having to significantly change its business model. ]] ... Read full article
Seacoast lines up another bank acquisition in South Florida
The company agreed to buy Legacy Bank of Florida for $102 million. ]] ... Read full article
Business First in Louisiana agrees to buy investment adviser
Smith Shellnut Wilson has managed Business First's investment portfolio since the bank was formed 15 years ago. ]] ... Read full article
Banc of California will buy Pacific Mercantile, ending M&A drought
Banc of California, which last bought a bank in 2013, has agreed to pay $235 million in stock in this in-state deal. ]] ... Read full article
Bank of Tampa lines up first-ever acquisition
The Florida bank will expand to the east with its pending purchase of Hillsboro Bank. ]] ... Read full article
What’s driving nonbanks to buy banks? Cheap deposits
Like the fintechs SoFi and LendingClub, DLP Real Estate Capital is acquiring a community bank largely to lower the cost of funding loans. ]] ... Read full article
Real estate company agrees to buy Sunnyside Bancorp in New York
DLP Bancshares, an affiliate of DLP Real Estate Capital, plans to use the acquisition to create a national platform for commercial real estate and warehouse loans. ]] ... Read full article