News Topic: M&A

When small banks leave the community, it makes sense for credit unions to fill the void. ... Read full article

The acquisition of the Texas-based lender will help Regions expand its offerings to small businesses while adding about $2 billion of loans to the bank's balance sheet. ... Read full article

The companies spent much of the past decade completing smaller deals that created complementary footprints in the Southeast. ... Read full article

Lineage Financial Network, led by former Franklin Financial CEO Richard Herrington, plans to acquire Sumner Bank and Citizens Bank. ... Read full article

The debate centers on whether guidance on credit union-bank mergers is necessary. ... Read full article

The banking group issued lawmakers a guide on questions to ask when credit union executives visit Capitol Hill this week. ... Read full article

Fintechs like LendingClub and Varo Money illustrate how the traditional financial system is changing. Banks that don’t rapidly evolve with technology will be obsolete. ... Read full article

JPMorgan would consider buying other businesses; collectors would be allowed to pursue debt past the statute of limitations, if they warn borrowers. ... Read full article

Payments firm announces leadership changes; the bank will place restrictions on fossil fuel lending while adding to sustainable projects. ... Read full article

WSFS, in an effort to catch up with bigger rivals, plans to upgrade digital channels in three years instead of five. ... Read full article

Observers speculate that Intuit simply wants to enhance revenue and protect its tax software business, but the CEOs of each company say the deal would also give consumers more control of their overall finances. ... Read full article

Intuit is reportedly buying Credit Karma for $7 billion. The move is seen as a way for Intuit to get access to more consumer behavior data, generate new sources of income and potentially protect a key business. ... Read full article

The company is buying a homebuilder finance portfolio with $47 million in loans and $80 million in commitments. ... Read full article

Tech firm accuses PNC of stealing trade secrets; online lender LendingClub agrees to acquire Radius Bank; questions arise whether regulators are turning more partisan; and more from this week's most-read stories. ... Read full article

Ally Financial's recently announced $2.65 billion cash-and-stock deal for CardWorks, which offers unsecured credit cards among other products, places a high price tag on a traditionally risky product. ... Read full article

The bank could announce as early as Friday a deal on charges it wronged customers; the acquisition allows Morgan Stanley to compete in retail banking. ... Read full article

The Wall Street giant will inherit some $56 billion of low-cost deposits that will allow it to offer more traditional banking products to its wealth management clients. ... Read full article

The heads of the two companies explain how the deal came about, what hurdles they face and how they plan to mash up their very different operations. ... Read full article