News Topic: M&A

The Illinois company will pay about $10 million, and redeem $23.5 million in trust-preferred stock, as part of the deal. ... Read full article

The company plans to sell its third-party origination channel to Renasant. It has also lined up a deal to sell its correspondent channel. ... Read full article

Community and regional banks may not be able to outspend their larger rivals, but they can be more nimble in implementing the necessary culture change. ... Read full article

Sen. Sherrod Brown, the Senate Banking Committee's top Democrat, said the banks failed to provide enough information on how their proposed combination would affect employees and consumers. ... Read full article

Sure, M&A is a good option, but so are branch deals or key hires, say two veteran bankers who shared some of their successful strategies at American Banker’s Retail Banking Growth Stories conference. ... Read full article

Power Financial Credit Union's deal for TransCapital Bank marks the fourth time this year a bank has agreed to be sold to a credit union in that state. ... Read full article

The deal between Performance Trust and Banks Street Partners is the second combination this month of investment banks that cater to commercial banks. ... Read full article

It was early on a February morning when Charlotte, North Carolina, Mayor Vi Lyles got the call: BB&T would combine with SunTrust in the largest bank deal in a decade and wanted to place its headquarters in her city. ... Read full article

Agency concerned about the number of "risky" mortgages being approved; Brian Kelly, who runs The Points Guy website, can determine if a card succeeds or fails. ... Read full article

University Bancorp gained a number of offices from Huron Valley Financial. It also hired lenders and staff with experience in reverse mortgages and wholesale lending. ... Read full article

What the FIS-Worldpay deal means for banks; behind the OCC's public rebuke of Wells Fargo; ripple effect feared as Fed mulls lifetime bans for two bankers; and more from this week's most-read stories. ... Read full article

Paul, one of American Banker's Community Bankers of the Year in 2012, made Eagle a formidable Washington-area institution. ... Read full article

Speaking at a press conference, Federal Reserve Chairman Jerome Powell said the bank’s risk management failures have required a dramatic overhaul of its processes. ... Read full article

First Bank is removing a competitor by agreeing to acquire Grand Bank for $19 million. ... Read full article

Mechanics Bank was close to buying Rabobank's U.S. unit last year, but pressed pause when the seller ran into serious legal troubles. ... Read full article

McLean Mortgage is not going forward with a potential acquisition by Congressional Bank of Bethesda, Md., saying reaching an agreement that made sense for all parties wasn't possible. ... Read full article

The bank aims to revitalize with internal promotions; German chancellor will let the country’s two biggest banks work things out themselves. ... Read full article

More than 20 banks have been sold to credit unions. A prominent banking lawyer made the case at this year's ICBA convention that banks can become more aggressive acquirers. ... Read full article