News Topic: M&A

The company will nearly double the amount of marine loans on its books after buying a division from People's United. ... Read full article

Investors are reacting skeptically to the auto lender's deal to acquire CardWorks for $2.65 billion. ... Read full article

The challenge for other fintechs will be to find banks that are as compatible as Radius Bank, an online-only lender, is for LendingClub. ... Read full article

CardWorks also specializes in non-prime credit cards and loans for recreational and marine vehicles. ... Read full article

The online lender's deal for Boston-based Radius would be the first in history in which a fintech buys a mainstream bank. ... Read full article

Alexander most recently headed up mortgage lending and before that co-led the integration of Key's acquisition of First Niagara. He replaces Dennis Devine, who recently left the company. ... Read full article

The company will pay $130 million for Commerce Financial Holdings. ... Read full article

Meyer was credited with guiding the Cleveland company through the financial crisis and returning it to profitability. He died this week at his home in Florida. ... Read full article

The deal for Trinity Capital in Los Angeles would further strengthen the company's capital markets capabilities. ... Read full article

Capital Corps, founded by former Banc of California CEO Steven Sugarman, wants the minority-run Broadway sold to a buyer that serves low- and moderate-income borrowers. ... Read full article

The Iowa company will pay $280 million to gain 25 branches and $1.2 billion in loans. ... Read full article

Four Chinese military members charged with stealing data of 150 million Americans; fintech can use deposit insurance, a step toward a full bank charter. ... Read full article

Wings Financial Credit Union expects to complete the purchase of Neighborhood National Bank in the third quarter. ... Read full article

The BofA CEO’s $26.5 million salary was about the same as in 2018; investors hoping for quick riches still fall for cryptocurrency-based Ponzi schemes. ... Read full article

The company will pay $15.5 million in cash for a bank with one branch and a large amount of low-cost deposits. ... Read full article

The Connecticut company will appoint Lawrence Seidman to become a director at its next annual meeting. ... Read full article

The Mississippi company will pay $49 million for Traders & Farmers Bancshares. ... Read full article

The company agreed to acquire Alliance Benefit Group of Illinois, which has more than 600 clients and 40,000 plan participants. ... Read full article