M&A

Regulators close Florida bank in third failure of 2020

10/16/20

First City Bank of Florida had suffered “longstanding capital and asset quality issues” that were unrelated to the pandemic, the FDIC said.

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Nonbank acquisitions pay off for Citizens

10/16/20

Strong mortgage and capital markets activity helped offset credit costs and one-time items in the third quarter at Citizens Financial Group. In a period of low rates, CEO Bruce Van Saun says he’d like to buy more fee-generating businesses.

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What’s behind the unlikely First Citizens-CIT deal

10/16/20

The family-owned bank from the South and the New York commercial lender each would fill a clear need for the other. First Citizens would gain business lending expertise and an online deposit-gathering platform, and CIT would get the cheap deposits it coveted.

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First Citizens to buy CIT for $2.2 billion

10/16/20

The combined company would be the nation's 19th-largest bank with roughly $110 billion of assets.

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Merger would broaden Nuvision’s reach in Wyoming

10/15/20

The Southern California-based credit union would add a fourth branch in the Cowboy State if members of the merging credit union approve the deal.

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South State agrees to buy national brokerage company

10/15/20

Duncan-Williams, which serves institutional clients, will help South State expand its correspondent lending operations.

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PNC unlikely to buy a digital bank, CEO Demchak says

10/14/20

The Pittsburgh company has reservations about the business model and staying power of online-only banks.

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Community First plans to enter Tennessee with SFB acquisition

10/11/20

The South Carolina company has agreed to buy the parent of Security Federal Bank.

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Maine State, Midcoast FCU plan merger

10/09/20

The deal is expected to close sometime next year but is still subject to regulatory and member approval.

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Morgan Stanley to purchase Eaton Vance for about $7 billion

10/08/20

Morgan Stanley agreed to purchase Eaton Vance for about $7 billion in CEO James Gorman's second major acquisition this year, both of which tilt the investment bank further toward the steadier business of money management.

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