News Topic: M&A

Frank Bisgnano, who engineered a technology-driven recovery at First Data before it was acquired by Fiserv last year, will shortly take Fiserv's top job as the company forges its coronavirus strategy. ... Read full article

The Conference of State Bank Supervisors says parts of the plan are an overreach, while the agency should think twice about developing the proposal during the coronavirus pandemic. ... Read full article

The Wisconsin regional said the funds will support loan growth, create an added capital buffer and support its dividend policy. ... Read full article

The Illinois company will sell Bates Cos. to an undisclosed buyer less than two years after buying the wealth management firm. ... Read full article

The deal was expected to close this summer, but First BanCorp said a regulatory review is hitting snags. ... Read full article

Tinker Federal Credit Union's deal for Prime Bank in Edmond, Okla., is set to close later this year. ... Read full article

Bank of Southern California's all-cash offer for CalWest was reduced by nearly 20% after the buyer's shareholders declined to approve the deal. ... Read full article

The Ohio company, which bought United Community Financial in February, will start operating as Premier Bank later this summer. ... Read full article

First Horizon still plans to complete its merger with Iberiabank on time, CEO Bryan Jordan said during the Tennessee company's earnings call. ... Read full article

The Dallas company also reported a first-quarter loss after the coronavirus outbreak caused "significant deterioration" in its economic outlook. ... Read full article

Executives say they can still meet their goal of $480 million in cost savings this year from the combination of BB&T and SunTrust despite unexpected expenses, unless the economy fails to rebound quickly. ... Read full article

MVB Financial plans to use Paladin Group to advise its bank and a number of its fintech clients. ... Read full article

Pinnacle Bankshares and Virginia Bank Bankshares said the move will let each bank focus more on responding to the COVID-19 pandemic. ... Read full article

The acquisition would give SoFi control of a technology platform that is currently used by some of its competitors in digital banking. ... Read full article

The regulator formally announced the 60-day delay on Monday after tweeting about it over the weekend. ... Read full article

The acquirer had pursued a de novo strategy in its home state but was unable to raise enough capital. ... Read full article

The COVID-19 crisis is forcing many banks to hold their spring shareholder meetings online only. ... Read full article

Flushing Financial, which had planned to complete its purchase of Empire Bancorp in early April, has moved its target date back by about two months. ... Read full article