M&A

Heartland discloses delayed closing for AimBank acquisition

08/28/20

The Iowa company said the coronavirus outbreak and litigation against AimBank will postpone the deal's completion by a few months.

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First-half credit union mergers on pace with 2019

08/28/20

Data from the National Credit Union Administration shows that despite a dip during the second quarter, the rate of industry consolidation has not changed dramatically from last year, despite the pandemic.

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PenFed set to absorb midsize Long Island credit union

08/28/20

Members of Sperry Associates FCU will vote on a deal to merge into the nation's third-largest credit union. Both institutions have roots in serving the defense sector.

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Hanover Bancorp making bigger push into New York with Savoy acquisition

08/28/20

The company will use Savoy's midtown Manhattan office to coordinate business development efforts around the city.

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Fintech veterans launch blank-check firm to buy a startup

08/27/20

Betsy Cohen, formerly of The Bancorp Bank, and venture capitalist Ryan Gilbert have created a vehicle to raise hundreds of millions of dollars, purchase a technology company and expand it.

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Broadway to become biggest Black-run bank after CFBanc acquisition

08/26/20

The Los Angeles company will remain a community development financial institution when it acquires the parent of City First Bank in Washington.

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ConsenSys acquires JPMorgan’s Quorum blockchain technology

08/25/20

The bank will outsource future development of Quorum to the software firm.

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Credit unions aim to resume bank-buying spree

08/25/20

Whether the number of deals for 2020 can come close to last year's record-setting level will come down to one question: Can community banks generate strong enough profits in the second half to justify their independence?

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Does Fed already have the power to tackle racial inequality?

08/23/20

The Federal Reserve could ease capital rules, foster the creation of special-purppose banks and take other steps to strengthen minority communities and businesses without legislation being sought in Congress — if it has the will to do so, experts say.

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What it will take to make the Enterprise-Seacoast deal click

08/21/20

The St. Louis company is gaining a sizable Small Business Administration platform and several niche deposit teams. Keeping those specialists in the fold will be key to the acquisition's success.

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