News Topic: M&A

Regulators closed The Enloe State Bank in Texas late Friday, marking the first failure in 17 months and the first in the Lone Star State in over five years. ... Read full article

The bank will have about $1 billion in assets after it acquires Lighthouse Bank, which is also based in Santa Cruz. ... Read full article

SunTrust CEO Bill Rogers on Thursday explained the direction he and BB&T chief Kelly King are going with the new name, but gave no hints on what it is or when it will be unveiled. ... Read full article

West Florida Banking is made up of bankers who ran Jefferson Bank of Florida, which is now part of CenterState Banks. ... Read full article

Many banks have already scaled back home lending or even left the business. With profit margins shrinking, inventories of homes at crisis levels and competition from nonbanks intensifying, that’s unlikely to change. ... Read full article

Speaking at a conference on Wednesday, CFO Howell McCullough mostly ruled out a merger of equals as a growth strategy for the $108 billion-asset Huntington. ... Read full article

A strong economy and the chance to court Hispanic customers and businesses have banks interested in the region once more. ... Read full article

Global Payments' purchase of TSYS is the latest merger of large payment technology companies — and by no means the last. ... Read full article

TSYS and Global Payments have announced a merger deal of about $21.5 billion, the third M&A deal in the financial/fintech industry of more than $20 billion this year, and the latest in a series of deals of all sizes. ... Read full article

Payment industry mega-mergers continue with $21.5B deal; the cryptocurrency is up 140% this year, including 70% this month. ... Read full article

Jury's out on whether BB&T-SunTrust will serve the community or Wall Street; 'we were willing to shock historical norms,' says Otting on OCC's makeover; is it too late for Congress to stop CECL?; and more from this week's ... Read full article

The parent of Ponce Bank has agreed to acquire Mortgage World Bankers. ... Read full article

Anthony DeChellis’ strategy for staying relevant in a competitive metro market is a little odd — rebuild the private banking business his predecessor shrank — but observers say he might be the executive who can pull it off. ... Read full article

The company agreed to buy Charter Bank, which has four branches and $161 million in assets. ... Read full article

BB&T’s chief executive has not prioritized meeting with local leaders and consumer advocates to discuss its merger plans, missing a valuable opportunity to create a new kind of large bank. ... Read full article

First Internet will gain lenders and servicing staff, along with offices in Chicago and Indianapolis, from the deal. ... Read full article

The Bay Area is a booming market with a limited number of smaller banks. The high premium Presidio is receiving from Heritage Commerce might spark more M&A activity. ... Read full article

Banesco USA agreed to buy Brickell more than a year after Banco Espirito tried to sell the Miami bank to a Swiss financier. ... Read full article