M&A

KeyCorp promotes Victor Alexander to head of consumer banking

02/18/20

Alexander most recently headed up mortgage lending and before that co-led the integration of Key's acquisition of First Niagara. He replaces Dennis Devine, who recently left the company.

[more]

Nicolet to buy bank near Milwaukee

02/18/20

The company will pay $130 million for Commerce Financial Holdings.

[more]

Former KeyCorp CEO Henry Meyer dies at 70

02/14/20

Meyer was credited with guiding the Cleveland company through the financial crisis and returning it to profitability. He died this week at his home in Florida.

[more]

Citizens to buy restaurant advisory shop in bid to boost fee income

02/13/20

The deal for Trinity Capital in Los Angeles would further strengthen the company's capital markets capabilities.

[more]

Broadway Financial in California pressed to sell by Sugarman-led group

02/12/20

Capital Corps, founded by former Banc of California CEO Steven Sugarman, wants the minority-run Broadway sold to a buyer that serves low- and moderate-income borrowers.

[more]

Heartland to double size of western Texas operations with AimBank acquisition

02/11/20

The Iowa company will pay $280 million to gain 25 branches and $1.2 billion in loans.

[more]

Charges in Equifax hack; Varo Money passes FDIC test

02/11/20

Four Chinese military members charged with stealing data of 150 million Americans; fintech can use deposit insurance, a step toward a full bank charter.

[more]

Credit union to buy Minnesota community bank

02/10/20

Wings Financial Credit Union expects to complete the purchase of Neighborhood National Bank in the third quarter.

[more]

Moynihan’s pay holds steady; cryptocurrency scams flourish

02/10/20

The BofA CEO’s $26.5 million salary was about the same as in 2018; investors hoping for quick riches still fall for cryptocurrency-based Ponzi schemes.

[more]

SB Financial entering new Ohio market with Edon Bancorp deal

02/07/20

The company will pay $15.5 million in cash for a bank with one branch and a large amount of low-cost deposits.

[more]