M&A

Texas Capital reports another quarterly loss on higher provision, job cuts

07/22/20

The Dallas company, which in May terminated a deal to merge with Independent Bank, set aside $100 million for worrisome loans and incurred severance costs after cutting an undisclosed number of positions.

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Patriot in Connecticut buys portfolio of prepaid debit card deposits

07/21/20

The company said the acquisition should lower its funding costs and shore up its net interest margin.

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Truist hastens cost-cutting, delays core conversion

07/16/20

The North Carolina regional created by the merger of BB&T and SunTrust is saving money by shedding office space and reworking vendor contracts, but it was forced to put its systems integration on hold for up to a year to prioritize tech upgrades tied to the pandemic.

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Bank OZK exits another state by selling branches

07/16/20

The Arkansas bank is selling two South Carolina branches to a credit union just two weeks after announcing plans to divest its branches in Alabama.

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Tennessee bank merger to create $1 billion-asset lender

07/10/20

Citizens Bancorp Investment has agreed to buy American Bancshares in a deal expected to close later this year.

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How First Horizon-Iberiabank bucked trend of canceled bank deals

07/09/20

Several big bank mergers fell apart after the coronavirus hit. But Bryan Jordan, First Horizon's CEO, said the pandemic validated plans to cut costs an invest more in digital upgrades.

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Triumph in Texas buys factoring portfolio

07/08/20

The company paid Covenant Logistics Group about $14 million for $103 million in accounts receivable.

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Dime-Bridge a conventional deal in unconventional times

07/05/20

The New York-area companies' $489 million agreement runs counter to recent merger pacts built around branch cuts and more tech spending.

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Indiana credit union agreed to buy Elberfeld State Bank

07/02/20

Heritage Trust Federal Credit Union will buy the bank's deposits and assume its liabilities.

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Dime, Bridge Bancorp combining in $489 million merger

07/01/20

The deal will create an $11 billion-asset banking company with operations in a number of markets around New York City.

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