M&A
- Banking
SouthState goes big in Atlanta with deal for Atlantic Capital
In a move aimed at bolstering its presence in Atlanta’s competitive banking market, SouthState Corp. in Winter Haven, Florida, has…
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Meet the latest IPO fad: Grills
The searing market for newly public companies has a new obsession: grills. Two leading sellers of outdoor grills and grilling…
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What Currencycloud adds to Visa’s diversification push
Visa has said its future relies on the development of new payment technologies and use of open banking to provide…
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Busy second half on tap for bank M&A?
Guaranty Bancshares in Addison, Texas, is in a buyer’s frame of mind. The Lone Star State is rife with merger-and-acquisition…
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MoneyGram draws takeover interest from Stellar, Advent
MoneyGram International, one of the largest money-transfer services in the U.S., has received preliminary takeover interest from Stellar Development Foundation…
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Wealth manager Wren Sterling confirms sale talks
Wealth manager Wren Sterling’s sale talks have ended with a management buyout. A number of bidders were vying for the…
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Navy Federal keeps adding members, and rivals struggle to keep up
Total membership at U.S. credit unions is increasing at a respectable clip, yet most credit unions have fewer members now…
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Wall Street bankers shine again as record fees offset trading slump
Wall Street banks have benefited from a boom in dealmaking, hauling in record fees in the second quarter as the…
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US law firm boosts pay for first year London lawyers to $200,000
Wall Street law firm Milbank has ramped up pay for first year lawyers in London to $200,000 amid a mergers…
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First Horizon’s costs from Iberiabank integration higher than expected
First Horizon’s acquisition of Iberiabank could generate more earnings power and future expense savings than originally expected, but integration costs…
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Two small banks seek bigger stages with Nashville, D.C. deals
No one can accuse United Community Banks or Blue Ridge Bankshares of thinking small. Both banks announced M&A deals Wednesday…
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Bank M&A will get tougher after Biden order, PNC’s Demchak says
By any measure, PNC Financial Services Group’s $11.7 billion acquisition of BBVA’s U.S. unit went off without a hitch. PNC…
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The mega-buyout is coming back – to an industry near you
Size matters. That’s the mantra being chanted by private equity investment committees as they race to deploy their estimated $1.6tn war…
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FNB buying Howard Bancorp to bulk up in Baltimore
FNB Corp. in Pittsburgh is buying Baltimore’s biggest local bank. The $38 billion-asset FNB said it agreed to pay $418…
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Citigroup to exit Venezuela with agreement to sell unit to BNC
Citigroup plans to exit Venezuela by selling its remaining business there, ending more than a century of operating in the…
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Lakeland Bancorp to acquire a New Jersey competitor
Lakeland Bancorp in Oak Ridge, New Jersey said Monday it has reached a deal to acquire 1st Constitution Bancorp in…
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Biden order seen as minimal threat to bank M&A
As the pace of bank mergers and acquisitions picks up, the Biden administration may have added another motivator to pursue…
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Biden calls for tougher reviews of bank mergers, urges data portability
President Biden is encouraging the Justice Department and federal regulators to tighten their scrutiny of bank mergers just as new…
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First Citizens names a former U.S. attorney as chief counsel
First Citizens BancShares in Raleigh, North Carolina, which is in the midst of merging with CIT Group, has appointed former…
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U.S. Bank deal would double size of asset management unit
U.S. Bancorp has agreed to acquire PFM Asset Management, a deal that would double the size of the Minneapolis company’s…
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Community Bank System acquires employee benefits firm
Community Bank System in DeWitt, New York, has acquired Fringe Benefits Design, a Bloomington, Minnesota-based provider of retirement plan administration…
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Mid Penn buying in-state rival Riverview Financial for $125 million
Mid Penn Bancorp in Millersburg, Pennsylvania, is buying in-state rival Riverview Financial Corp. in State College for $125 million in…
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SVB Financial overcomes investor pushback to buy Boston Private
SVB Financial Group in Santa Clara, California, has completed its acquisition of Boston Private Financial Holdings despite opposition from an…
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Virginia credit unions to merge, creating $4.1 billion-asset company
Langley Federal Credit Union in Newport News, Virginia, and Virginia Beach Schools Federal Credit Union have agreed to merge. The…
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Startups in Europe raise record amounts with megadeals on the horizon
Fundraising by European startups has skyrocketed this year, dominated by megarounds and rising valuations. “Europe is making up for lost…
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Valley National buying a bank in New York’s coveted Westchester County
Valley National Bancorp, which operates in New Jersey and New York, plans to acquire Westchester Bank Holding Corp. in White…
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Visa to buy European open banking platform Tink in €1.8bn deal
Financial services company Visa has announced it has signed an agreement to acquire Swedish fintech Tink in a €1.8bn deal.…
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JPMorgan agrees to purchase values-investing fintech OpenInvest
JPMorgan agrees to purchase values-investing fintech OpenInvestJPMorgan Chase agreed to buy OpenInvest, a financial technology firm that offers services for…
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PwC UK promotes 63 to partner — here are the names
Big Four consulting firm PwC has promoted 63 new partners, with its deals practice receiving the lion’s share of the…
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Credit Suisse could seek UBS merger on the back of Archegos, Greensill scandals
Credit Suisse executives are looking for ways to overhaul the bank and a merger with Swiss rival UBS may be…
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Fintech unicorn Stash is weighing options for going public
The financial technology firm Stash is exploring options for a market listing, such as merging with a special purpose acquisition…
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Iowa credit union’s takeover of two banks riles industry
A credit union agreed to buy two banks Tuesday, potentially adding fuel to banking industry complaints that credit unions’ federal…
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