Richard Marotta, who became Berkshire Hills' CEO after his predecessor's abrupt resignation, says his top priorities are squeezing more profit from existing operations and improving corporate culture. ... Read full article
The Indiana company will pay $68 million for Citizens First. ... Read full article
The company will shutter the offices it inherited when it bought EverBank in 2017 and focus on lending to existing customers through digital channels. U.S. Bank will assume the leases on about 25 properties. ... Read full article
Critics of the merger need to recognize the competitive threat banks face from big tech and other innovators. ... Read full article
Bankers are eager to expand there through M&A, de novos or other means, encouraged by strong employment and disruption created by recent consolidation. ... Read full article
The company disclosed that it paid $146 million for servicing rights associated with $13 billion in mortgages. ... Read full article
Fairwinds Credit Union will buy Friends Bank. It is the third time this year that the Florida bank has agreed to sell to a credit union. ... Read full article
The Illinois company will pay $46 million for a bank that is a fraction of its size. ... Read full article
The Rhode Island bank is one of several regionals that have snapped up dealmaking boutiques in recent years to bolster noninterest income. ... Read full article
Navient Corp. shares surged after Canyon Capital Advisors said it could boost a $3.1 billion takeover offer that was rejected by the student-loan servicer. ... Read full article
The company has agreed to buy Preferred Bancshares in a deal set to close by mid-2019. ... Read full article
"You can't meet customers at the headquarters," CEO Kevin Cummings tells his senior executives. ... Read full article
HomeStreet Bank will attempt to sell its stand-alone mortgage business and portfolio of servicing rights, a move that comes amid growing pressure from an activist investor to exit home lending and concerns about declining demand and regulatory challenges. ... Read full article
Readers weigh the BB&T-SunTrust deal, consider how a new accounting standard could affect Fannie Mae and Freddie Mac, debate the impact of the government shutdown on credit histories and more. ... Read full article
The time regulators take to decide on prospective deals has dropped sharply; a report says the cyberthieves were looking for info to help recruit spies. ... Read full article
The private equity acquisition of fintech vendor Ellie Mae will give it some breathing room in a declining originations market being owned a more patient and strategic investor rather than shareholders as a publicly traded company. ... Read full article
The biggest merger in years is reviving the idea that the industry is headed for a barbell-like shakeout, with very large banks on one end, community banks on the other and very few in between. ... Read full article
The Federal Deposit Insurance Corp., BB&T’s primary regulator, has a history of going easy on the bank. The combined entity would be better supervised by the central bank, which already oversees SunTrust. ... Read full article
Solomon says he expects 2020 presidential aspirants to target banks; corporate human resources’ predictable revenue attracting investment banks’ attention. ... Read full article
Rheo Brouillard, the head of SI Financial, finally had a solid offer in hand after more than two years of searching for a buyer. But the resignation 10 days later of the man who made him that offer — Berkshire Hills’ Michael Daly — sent Brouillard ... Read full article
