News Topic: M&A

The $62.7 million merger of Linkbancorp and Gratz Bank would create a company with over $800 million of assets and nine branches stretching from Harrisburg to the Philadelphia suburbs. ... Read full article

The deal, announced late Sunday, would create a $168 billion banking company in the Midwest and be the latest in a string of regional bank combinations. ... Read full article

The Boston-based firm has been informally working with an adviser to review strategic alternatives for State Street Global Advisors, including a merger with a competitor, people familiar with the matter said. ... Read full article

First Kansas, part of the multibank holding company Ottawa Bancshares, expects to complete the acquisition early next year. ... Read full article

JPMorgan Chase's Jamie Dimon wants to remind the world that his bank is looking to make an acquisition. "If you've got brilliant ideas, give me a call," the CEO said. ... Read full article

Executives from U.S. banks continue to play down near-term expectations, but they say customers are growing more confident ahead of the rollout of coronavirus vaccines, and that key commercial lending segments could drive an economic rebound. ... Read full article

Canoga Postal's merger plans mark the second consolidation in a month for institutions serving USPS employees. ... Read full article

Financial Institutions in New York has agreed to acquire Landmark Group, which provides services to the construction, manufacturing, real estate and technology sectors. ... Read full article

The company's insurance arm, which recently bought a Texas-based insurance tech firm, is on pace to complete five deals this quarter. ... Read full article

The incoming Biden administration must take steps to block mergers that could create monopolies, such as Visa's pending acquisition of a competitor. ... Read full article

Acquirers shelved plans to buy banks this year as the coronavirus became widespread but a combination of factors in the months ahead could spur the confidence to restart those conversations. ... Read full article

Thanks to a frenzy of transactions in the past week, 2020 is already the second-busiest year since the financial crisis for deals involving banks, financial technology companies, insurers and asset managers. ... Read full article

Members of tiny Gloucester Municipal CU are set to vote early next year on whether to join Metro Credit Union. ... Read full article

Visa insists that the Department of Justice, in objecting to its proposed $5.3 billion purchase of Plaid, fundamentally misunderstands the changing role of data in the payments industry. ... Read full article

The U.K. banking giant is reportedly mulling an exit from retail banking in the United States. It could attract more interest if it tries to sell its network in pieces instead of looking for a single buyer, analysts say. ... Read full article

The companies took a pause from merger discussions when the pandemic hit to evaluate their individual circumstances. ... Read full article

The company agreed to acquire a Colorado plan provider that operates as RPS Plan Administration and 24HourFlex. ... Read full article

CEO James Schenck says the institution's military focus means it must provide services for a group of consumers who move every few years. That has helped it focus more on mobile services and less on brick and mortar. ... Read full article