News Topic: M&A

The company, which expressed concerns about the validity of some of the loans it bought, renegotiated a lower price and protections from the seller involved in the deal. ... Read full article

The Charlotte, N.C., company recently closed on a sale of its Cohen Financial platform to SitusAMC. ... Read full article

A pending combination with Animas Credit Union will broaden the Albuquerque-based institution's reach in northern New Mexico. ... Read full article

The company also found a buyer for its portfolio of equipment finance loans as it tries to clean up credit and refocus on middle-market lending. ... Read full article

The Connecticut company will receive $120 million in cash from AssuredPartners for People's United Insurance Agency. ... Read full article

The San Diego bank first considered finding a buyer two years ago and had offers in early 2019. The price of the deal it finally reached in the throes of the pandemic was much lower than some earlier offers. ... Read full article

Deal activity, already on pace for its slowest year in more than two decades, will likely remain suppressed until bankers get a handle on credit exposure and more clarity on valuations. ... Read full article

Chris Gorman, the Cleveland company's chairman and CEO, said at an industry conference that an ongoing shift to digital channels provides an “opportunity to continue to ramp up" efforts to shutter physical locations. ... Read full article

Axel Weber has discussed the idea with Switzerland's finance minister and an agreement could happen by early next year, according to the Swiss finance blog Inside Paradeplatz. ... Read full article

Justice Department officials have embarked on a rewrite of antitrust policy that could waive certain requirements for community bank mergers and provide fewer advantages to large, out-of-town buyers and banks in urban areas. ... Read full article

First Mutual Holding has agreed to buy Martinsville First Savings Bank, which will retain its charter, brand and management team. ... Read full article

The four-year plan submitted as part of its acquisition of E-Trade includes grants to community development organizations and support for uniform vendor diversity standards. ... Read full article

The Liberty Lake, Wash.-based credit union has agreed to buy four branches from the Roseburg, Ore.-based bank. ... Read full article

The bank said the move will provide more flexibility raising capital and more options when it comes to pursuing bank acquisitions. ... Read full article

Bartow Morgan Jr., who ran Brand Banking when it was sold to Renasant, also plans to raise $150 million to expand the seller's products and services. ... Read full article

A plan to merge the $5.5 million-asset credit union into Cal-Com FCU will provide additional services for members while also easing the process of replacing several employees who plan to retire this year. ... Read full article

The New Jersey company will add three branches in the northern part of the state as part of the transaction. ... Read full article

The purchase-and-assumption transaction, if approved, would become the first credit union-bank merger in Alabama. ... Read full article