Proxy fight at HomeStreet rejected on technicality
An effort to oust two directors at the Seattle company was nullified after the investor failed to seek the required approval from the bank's state regulator. ... Read full article
An effort to oust two directors at the Seattle company was nullified after the investor failed to seek the required approval from the bank's state regulator. ... Read full article
The high multiple Fifth Third is paying for MB Financial raises questions about whether it can cut enough costs, realize enough growth and win over skeptical investors. ... Read full article
Sageworks, a financial services software firm that provides institutions with lending and risk solutions, is being sold to Silicon Valley-based Accel-KKR. ... Read full article
Citizens Bancshares has agreed to buy Regional Bankshares for $11 million. ... Read full article
The company said the move would help it become more efficient at a time when clients are making greater use of digital channels. ... Read full article
The company has agreed to pay nearly $5 billion for MB Financial in a deal that will provide immediate scale in Chicago. ... Read full article
Michael Fitzgerald, who was selected to lead United Bank, was CEO of Bank of Georgetown for 11 years before it was sold to United. ... Read full article
Employees reportedly unit doctored documents; payments company buys Swedish fintech firm just before it goes public. ... Read full article
When potential sellers are skittish, a merger pitch from a peer who’s been through it can make the difference. ... Read full article
KS Bancorp is buying back all the shares that First Citizens acquired in an effort to take over the much smaller bank. ... Read full article
The company agreed to buy the parent of First National Bank of Crossett for about $13 million. ... Read full article
The Massachusetts bank agreed to buy Fabri & Rourke, which focuses on commercial insurance products. ... Read full article
Regulatory burden was the dominant theme of a roundtable discussion, but executives are also concerned about their ability to attract skilled workers and they have mixed feelings on how corporate tax cuts are affecting customers' decisions. ... Read full article
Bigger credit unions present a formidable challenge for banks in areas such as business lending. ... Read full article
RIchardson & Stout, which is based in western New York, is the 16th insurance business that Evans has bought or agreed to buy. ... Read full article
A need for risk-focused data aggregation and analytics tools is at the heart of IBM's latest acquisition for its bank consulting portfolio. ... Read full article
State Bank popped up on the Houston company’s radar eight years ago, but management waited until now to strike. ... Read full article
Beacon Community Bank, which opened in January, raised $34 million through a private placement. ... Read full article
The Houston company had been an interested, but selective, acquirer before announcing this year's biggest bank deal. ... Read full article
Capitol Federal Financial has mostly relied on mortgages throughout its history. Its acquisition of a commercial lender will change that. ... Read full article