M&A

United Community enters new Florida markets with Three Shores deal

03/10/20

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

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Settlement in Iowa resolves dispute over bank-credit union branch deal

03/09/20

First American Bank agreed to cover costs incurred by the Iowa Division in Banking, while the regulator made it clear that the accord would not set a precedent for future credit union-bank deals.

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As State Farm bows out, U.S. Bank seizes an expansion opportunity

03/06/20

State Farm struggled to make its bet on banking pay off and decided like other insurers to exit the business. U.S. Bancorp swooped in to add deposits and credit card accounts at little cost or risk.

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Farmers and Merchants in Maryland to buy neighboring bank

03/06/20

The company will pay $25 million in cash for Carroll Bancorp in a deal between Baltimore-area banks.

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OCC proposes eliminating 'outdated' licensing rules

03/05/20

As part of a review, the agency said it had identified requirements dealing with operating subsidiaries, non-controlling investments by banks and other corporate activities that were no longer necessary.

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Fifth Third's Feiger stepping down as Chicago market chairman

03/05/20

One year after he led the sale of MB Financial to Fifth Third, Mitch Feiger will hand off his duties to his longtime lieutenant, Mark Hoppe, and join Fifth Third's board.

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Iowa regulators put the kibosh on credit union's bank branch purchase

03/05/20

The state's Division of Banking, led by a former bank CEO and trade group chief, blocked GreenState CU's move to buy seven branches from First American Bank. This is the second time this year regulators have halted a credit union-bank deal.

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LendingClub-Radius deal faces high regulatory hurdles

03/04/20

Compliance, risk management and staffing will likely come under added scrutiny as regulators lay out a framework for future fintech-bank mergers.

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Veteran banker aims to bring back the multibank holding company

03/03/20

Richard Herrington's buyout pitch to smaller banks is to offer them a way to survive and keep their local brands.

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MVB Financial, Intercoastal to form mortgage joint venture

03/03/20

MVB in West Virginia will gain a 47% stake in the partnership in exchange for contributing its mortgage unit's assets to the new company.

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