M&A

PNC buying BBVA USA for $11.7 billion

11/16/20

The deal would rank among the biggest bank combinations since the financial crisis, creating a coast-to-coast franchise with about $563 billion of assets and branch presence in 29 of the nation’s 30 largest markets.

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PNC reportedly in talks to buy BBVA's U.S. operations

11/15/20

The deal, if announced, would be among the biggest bank mergers since the 2008 financial crisis and would push PNC above $560 billion in assets.

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Truliant adds to Va. footprint with merger

11/13/20

Members of $5.3 million-asset WJC Federal Credit Union will vote to merge into $3.2 billion-asset Truliant FCU, based in North Carolina.

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Wells Fargo explores selling private-label card unit

11/12/20

Wells Fargo is exploring selling a unit offering store-branded credit cards as the bank chooses businesses to keep or break off in a broad strategic overhaul, according to people with knowledge of the matter.

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CUNA Mutual Group acquires ForeverCar

11/12/20

The deal, intended to bolster CUNA Mutual's digital capabilities, is the company's second such move in a month.

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Merger would expand PenFed's reach to Wisconsin

11/10/20

The deal, PenFed's second merger announcement with a significantly smaller credit union, would expand its footprint into the Midwest.

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Push to keep tabs on employees spurs union of monitoring firms

11/10/20

Smarsh, which enables banks and other clients to archive employee communications, is buying the AI firm Digital Reasoning as employers increasingly seek surveillance options for personnel working from home.

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Florida bank that went global to survive eyes growth at home

11/09/20

Anchor Bank in Palm Beach Gardens was rescued by Bolivian investors after the financial crisis and began catering to South American clientele. Now it has agreed to buy a Broward County bank, setting the stage for its long-awaited, in-market expansion.

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First Merchants to buy Indianapolis trust company

11/09/20

The Indiana company agreed to acquire Hoosier Trust, which manages about $300 million in assets.

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Trouble keeping up with cybersecurity pushes Ky. credit union to merge

11/06/20

Muhlenberg Community Hospital CU said in a notice to members it needed a merger partner in part because it did not have the resources to keep up with monitoring for "cybersecurity and terrorism activities."

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