News Topic: M&A

The division asked for public feedback as it weighs changes "to reflect emerging trends in the banking and financial services sector." ... Read full article

Pathways Financial's acquisition of Standard Register FCU increases its foothold in the Dayton market. ... Read full article

The deal continues Sound's push into markets north of its Tacoma headquarters. ... Read full article

CIT inherited the business with its purchase earlier this year of Mutual of Omaha Bank. ... Read full article

The deal continues Sound's push into markets north of its Tacoma headquarters. ... Read full article

The Justice Department alleges that the bankers worked with “higher-ranking bank officials” at Washington Federal Bank for Savings in Chicago to falsify records and hide funds prior to the bank's December 2017 collapse. ... Read full article

The company said the sale will provide more consistent financial results and allow it to redeploy funds to support other businesses. ... Read full article

The Iowa company said the coronavirus outbreak and litigation against AimBank will postpone the deal's completion by a few months. ... Read full article

Data from the National Credit Union Administration shows that despite a dip during the second quarter, the rate of industry consolidation has not changed dramatically from last year, despite the pandemic. ... Read full article

Members of Sperry Associates FCU will vote on a deal to merge into the nation's third-largest credit union. Both institutions have roots in serving the defense sector. ... Read full article

The company will use Savoy's midtown Manhattan office to coordinate business development efforts around the city. ... Read full article

Betsy Cohen, formerly of The Bancorp Bank, and venture capitalist Ryan Gilbert have created a vehicle to raise hundreds of millions of dollars, purchase a technology company and expand it. ... Read full article

The Los Angeles company will remain a community development financial institution when it acquires the parent of City First Bank in Washington. ... Read full article

The bank will outsource future development of Quorum to the software firm. ... Read full article

Whether the number of deals for 2020 can come close to last year's record-setting level will come down to one question: Can community banks generate strong enough profits in the second half to justify their independence? ... Read full article

The Federal Reserve could ease capital rules, foster the creation of special-purppose banks and take other steps to strengthen minority communities and businesses without legislation being sought in Congress — if it has the will to do so, experts say. ... Read full article

The St. Louis company is gaining a sizable Small Business Administration platform and several niche deposit teams. Keeping those specialists in the fold will be key to the acquisition's success. ... Read full article

USAL Bancorp will have nearly $300 million in assets after it buys Escambia County Bank. ... Read full article