News Topic: M&A

The Pittsburgh-based PNC said Monday that it would buy the Allentown-based firm that provides balance sheet management, investment banking and capital markets services to financial institutions. ... Read full article

Heartland said the sales will allow it to focus on other operations. ... Read full article

Intrepid Investment Bankers provides advice on M&A and capital markets activities. ... Read full article

The North Carolina company agreed to pay $38 million in cash for First South Bancorp. ... Read full article

Shareholder approval, usually a formality, is far from guaranteed when an acquirer's share price is sliding. ... Read full article

Tom Meuser, the chairman of El Dorado Savings in California, said he could not get the necessary two-thirds backing from his shareholders because of recent declines in bank stock prices. ... Read full article

Deposit premiums for bank mergers, which topped 10% in 2018 for the first time in years, are expected to keep rising as competition for cheap funding intensifies. ... Read full article

The $128 million acquisition will provide First Financial with its first branches in Kentucky and Tennessee. ... Read full article

River Road Financial has agreed to buy Mississippi River Bank in a deal that will bring in a new CEO. ... Read full article

Slumping stock prices may force banks to press pause, but the need for low-cost deposits and scale could provide a spark later this year. ... Read full article

An “emergency merger” with the troubled Progressive Credit Union gives PenFed — already the nation’s third-largest credit union — the ability to welcome any potential member nationwide. ... Read full article

The Pennsylvania company has agreed to buy Forney Financial Solutions. ... Read full article

Bob Mahoney, CEO of Belmont Savings, called Jack Barnes after People's United agreed to buy a Connecticut bank. The banks announced their own merger agreement five months later. ... Read full article

New CEO John Turner hasn't fully laid out his vision for the future, but it clearly will involve hiring specialized lenders, balancing labor-saving AI with old-fashioned relationship building, and more streamlining. ... Read full article

James McLemore, one of our community bankers to watch in 2019, has more energy loans to purge and must exit the Small Business Lending fund and a BSA-related enforcement action. ... Read full article

HarborOne Bancorp — led by James Blake, one of our five community bankers to watch in 2019 — is a former credit union that recently made its first bank acquisition and has Boston and other markets in its sights. ... Read full article

The pressure is on CEO Christopher Myers, one of our community bankers to watch, to make the most of CVB Financial's biggest acquisition to date. ... Read full article

While these five bankers made headlines this year, not all of them did so for good reasons. ... Read full article