News Topic: M&A

Peapack-Gladstone in New Jersey has more than doubled its assets under management in the last six years, taking advantage of buyouts of its smaller rivals as it aims to become less dependent on net interest income. ... Read full article

Jack Henry's acquisition of Geezeo and NCR's purchase of D3 Technology are fueling predictions that more small-business data firms will be takeover targets for legacy techs trying to court small bank and credit union customers. ... Read full article

Natcom will become the second-biggest bank in Duluth, trailing only Wells Fargo. ... Read full article

Set aside the large BB&T-SunTrust merger pact, and most deal metrics were way down in the first half of 2019. ... Read full article

The New Jersey company agreed to acquire Point View Wealth Management. ... Read full article

The pair spoke in grand terms when they announced they were combining, but a securities filing tied to the agreement serves as a reminder that when two banks decide to become one, it's often because they have to. ... Read full article

Alexander Lopatine, who founded Nymbus and has joined Mbanq, says alternative providers are gaining the confidence of more banks. However, questions remain about their staying power in the fight with traditional vendors. ... Read full article

The $60 million acquisition will allow ACNB, which is based in Pennsylvania, to enter a new market. ... Read full article

The deal comes less than a week after the Louisiana company raised nearly $11 million. ... Read full article

The California company will pay $39.4 million for the parent of First State Bank of Colorado. ... Read full article

Dennis Zember Jr. stepped down as the Georgia bank's CEO, citing personal matters. Palmer Proctor, an executive at the recently acquired Fidelity Southern, succeeded Zember. ... Read full article

The Pittsburgh regional, once among the most industry’s most active acquirers, hasn’t bought a bank in more than two years — and it’s in no rush to do so. ... Read full article

Aside from BB&T-SunTrust, dealmaking got off to a sluggish start this year. But that may soon change, not just because of pressure to achieve scale. For many banks and credit unions, a technology-capability gap could be the determining factor. ... Read full article

Consumer groups applauded the California bank's announcement. ... Read full article

FB Financial is selling its correspondent lending channel to Rushmore Loan Management Services, which will complete the bank holding company's restructuring of its mortgage business. ... Read full article

Amala Duggirala, Logan Pichel and Kate Danella are all part of the executive leadership team reporting to CEO John Turner. ... Read full article

The $550 million purchase will include a branch in the U.S. Virgin Islands. ... Read full article

The New Jersey regional will have higher capital levels after buying Oritani Financial. That was just one of the reasons why CEO Ira Robbins overcame his aversion to M&A. ... Read full article