News Topic: M&A

The New York company will enter Suffolk County after it buys Empire Bancorp. ... Read full article

Midsize players like BankUnited, BOK and Fulton Financial plan to rely on selective M&A, catering to niches overlooked by big banks, aggressive recruitment of commercial lenders and other strategies to stimulate revenue growth. ... Read full article

The Tennessee company has agreed to buy First Advantage, which specializes in financing manufactured housing purchases. ... Read full article

Centreville Bank will pay $116 million in cash for PB Bancorp. ... Read full article

The $32 million merger will create a bank with nearly $1 billion in assets. ... Read full article

Ellen Alemany said that CIT's deal for Mutual of Omaha Bank will immediately lower the bank's deposit funding by 20 basis points. She also reiterated that the acquisition would make CIT more attractive to potential buyers. ... Read full article

The Columbus, Ga., company had been counting on increased volume to offset a squeeze in net interest margins. ... Read full article

The company agreed to buy Steuben Trust for $107 million. ... Read full article

A majority of banks globally may not be economically viable because their returns on equity aren’t keeping pace with costs, the consultancy said in its annual review of the industry released this week. ... Read full article

The deal, which is expected to close in mid-2020, would create a company with nearly $18 billion of assets and more than $14 billion of deposits. ... Read full article

Count Citizens Financial’s Bruce Van Saun among those who think interest rate cuts could halt by mid-2020. The key, he says, is to focus on delivering services customers are willing to pay fees for and to skillfully reprice deposits until then. ... Read full article

BB&T-SunTrust merger closing could slip into 2020; how “the most feared freshman” is shaking up House Banking panel; consumers are split about trusting Amazon, Google with their savings; and more from this week’s most-read stories. ... Read full article

The companies say they're working hard to complete their deal this year — including spending millions on retention payments and other items — but there's no guarantee how quickly regulators will make their decisions. ... Read full article

The deal will create a nearly $500 million-asset bank. ... Read full article

The acquisition of Farmers & Merchants Bank created a bank with more than $200 million in assets. ... Read full article

Readers react to whether the next presidential debate will discuss banking, how California's financial policies are bleeding into other blue states, suggested reforms to the Community Reinvestment Act and more. ... Read full article

The company has agreed to buy a portfolio of commercial loans from Santander Bank. ... Read full article

The Wisconsin company will have 15 branches in its home state after completing the acquisition. ... Read full article