News Topic: M&A

The Pittsburgh bank says it is selling the assets to Federated Investors to focus its PNC Capital Advisors unit on providing outsourced services. ... Read full article

Sound Bank has new management as part of the transaction. It will also get a new name and expand into higher-growth markets. ... Read full article

The Mile High City has been disrupted by a number of big M&A deals, providing an opening for other banks to benefit. ... Read full article

The company will record a $2.1 million pretax gain in the second quarter after selling Summit Insurance Services to the Hilb Group. ... Read full article

Banco Bradesco said it will use the acquired bank to expand its investment offerings in the United States. ... Read full article

Concerns about job losses and political blowback still loom, but the two banks made it through a second day of public hearings hosted by the Fed relatively unscathed and with significant local support. ... Read full article

MidFlorida Credit Union has agreed to buy the $730 million-asset Community Bank & Trust of Florida in Ocala. ... Read full article

Brian Doubles, who had been chief financial officer, will continue to report to CEO Margaret Keane in the newly created role. ... Read full article

Activist concedes he doesn't have the votes to join Barclays' board; How an "inevitable" deal fell through and where the banks go from here. ... Read full article

The New Orleans company is comfortable buying with the deal despite MidSouth's lingering credit issues, given a shared history and the opportunity to add low-cost deposits. ... Read full article

It just got harder for banks in Georgia to enforce noncompete agreements in employee contracts. For employees of two merging banks, BB&T and SunTrust, the timing couldn’t be better. ... Read full article

Political contributions from Wall Street rose, but did they influence policy?; bank stocks post biggest monthly gain since President Trump was elected. ... Read full article

MidSouth had spent the last two years improving credit quality by reducing its exposure to energy credits. ... Read full article

Rising premiums and lenghty earn-back periods have made investors more skeptical than ever about M&A. So the sooner banks are able to convert systems and rebrand, the sooner they'll be able to meet the promised cost-cutting and revenue targets. ... Read full article

The Houston company has already converted the systems and brand from January's acquisition, allowing it to focus more on bringing in business. ... Read full article

Wall Street moves to compete with the low-fee financial services giant; activist investor has an uphill climb for a seat at this week’s annual meeting. ... Read full article

When M&T Bank was acquiring Wilmington Trust in 2011, it tapped into Abigail Mrozinski's deep understanding of its newly added wealth business to help the merger go smoothly. ... Read full article

The Indiana credit union agreed to pay $21.3 million in cash for New Bancorp, which was created when its savings bank converted to a stock-owned company in 2015. ... Read full article