News Topic: M&A

Crane Credit Union's deal for Our Community Bank comes two months after it agreed to acquire Community State Bank of Southwestern Indiana. ... Read full article

American Express isn't acquiring any loans in its deal for the online small-business lender. Here's what it is getting. ... Read full article

The Detroit regional relied on smaller teams, flexible deadlines and tightly defined tasks to convert the systems of Chemical Financial and rebrand. ... Read full article

American Express Co. is acquiring the teams and technology behind the online lender Kabbage Inc. as the credit-card giant seeks to provide more loans and other services to small-business owners. ... Read full article

The proposed combination would create a bank with $3 billion in assets in central Virginia. ... Read full article

The coronavirus pandemic has created major credit issues at the Boston bank and stymied efforts to improve profits, fueling speculation that the onetime serial acquirer could be a takeover target. ... Read full article

The card giant could pay $850 million in cash for the online small-business lender, according to a person familiar with the talks. ... Read full article

The company said it has concerns about a large amount of accounts receivable it bought in July. ... Read full article

Spinning off its digital bank will allow Pennsylvania-based Customers to beef up its commercial lending and buy other banks. BankMobile, meanwhile, plans to pursue more white-label relationships and perhaps explore its own acquisitions. ... Read full article

The digital bank would merge with Megalith Financial to create a new publicly traded company that would offer licensed products and services. ... Read full article

The company will pay an undisclosed amount of cash for Marshall Financial, the parent of Citizens Bank. ... Read full article

Delmar Bancorp will lose its regionally associated brand when it becomes Partners Bank. ... Read full article

The New York companies plan to move ahead with their proposed deal despite challenges created by the coronavirus pandemic. ... Read full article

Now that its deal with Texas Capital has been called off, Independent Bank in McKinney plans to scale back or exit some commercial lines and will seek to duplicate its retail banking successes in Colorado. ... Read full article

The pioneering online lender had long struggled to live up to the hype that drove its early growth, even before the pandemic pushed it to the brink. ... Read full article

The Nashville bank had sued Gaylon Lawrence in 2017 over allegations that he was pursuing an illegal takeover, but the two sides announced terms of a settlement. ... Read full article

With the coronavirus pandemic intensifying and hopes for a quick economic recovery fading, banks large and small are reducing headcounts, shuttering branches, shedding office space and generally trying to trim expenses wherever they can. ... Read full article

The Dallas company, which in May terminated a deal to merge with Independent Bank, set aside $100 million for worrisome loans and incurred severance costs after cutting an undisclosed number of positions. ... Read full article