Georgia bank agrees to sale to Florida credit union
First Commerce Credit Union's agreement to buy Citizens Bank brings to 14 the number of deals this year in which a credit union is buying a bank. ... Read full article
First Commerce Credit Union's agreement to buy Citizens Bank brings to 14 the number of deals this year in which a credit union is buying a bank. ... Read full article
The company agreed to buy Tennessee Community Bank Holdings, which has operations just west of Nashville. ... Read full article
A seller's assets and deposits lose some luster if the best and brightest who helped bring in the business leave after a deal closes. ... Read full article
The West Virginia company, which invests heavily in fintech firms, bought Chartwell Compliance in Maryland. ... Read full article
Geographic scale and low-cost funding are the foundation of a good deal, seasoned bank acquirers said in a panel discussion. ... Read full article
The Pittsburgh company is not interested in bank acquisitions, CEO Demchak says; why Citi, Wells, JPMorgan are seeing a spike in API calls; FHFA's Mark Calabria details next steps on GSE reform; and more from this week's most-read stories. ... Read full article
An increase in credit union acquisitions of banks has been a blow to the morale of many commercial bankers, and some of their trade organizations are trying to slow down the trend. There may be little they can do. ... Read full article
Lenders considering other factors for those with bad or no credit history; the bank plans to sell its French retail unit. ... Read full article
First Community Bankshares will buy Highlands Bankshares for $91 million. ... Read full article
The Pittsburgh company is sticking with its plan to grow though expanded lending and branch openings in new markets, William Demchak told investors and analysts Wednesday. ... Read full article
The Cincinnati bank applied in May to convert its Ohio state charter amid an expansion into Texas and Colorado and the completion of its merger with MB Financial. ... Read full article
A proposed combination of First Defiance and United Financial is designed to create an Ohio company that can better weather shocks from lower rates and economic uncertainty. ... Read full article
The deal between First Defiance and United Community would create a $6 billion-asset bank. ... Read full article
Skip Brown, an executive with the the Winston-Salem Banking Group, says it has signed a letter of intent to buy a community bank three months after withdrawing a charter application. ... Read full article
Both banks focus on the Chinese-American community. ... Read full article
Driver Management said it believes the company would create more shareholder value by finding a buyer. ... Read full article
The Baltimore company will pay $31 million for MB Bancorp. ... Read full article
The mortgage agencies would be privatized under Trump administration plan; central bank will probably cut rates by 25 bps, not 50 bps, at its next meeting. ... Read full article
Readers strongly react to whether the CFPB should have a say on bank mergers and if tribal areas should have special CRA credit, debate whether banks are embracing enough technology and more. ... Read full article
Falling stock prices and concerns about the health of the economy are depressing deal activity. ... Read full article