United Bankshares to Buy Bank of Georgetown
The $ 12.6 billion-asset United said in a press release Monday that it will pay $ 269 million, or $ 37 a share, in stock for the $ 1.2 billion-asset Bank of Georgetown. American Banker
Category Archives: Uncategorized
Seacoast to Buy Floridian Financial Group
Seacoast Banking Corp. of Florida in Stuart has agreed to buy Floridian Financial Group in Lake Mary. American Banker
Community Bank Holdings of Texas to Buy StarBanc Holding
Community Bank Holdings of Texas in Corsicana has agreed to buy StarBanc Holding in Fort Worth. American Banker
Fannie-Freddie Lawsuit Should Matter to the Masses
Every consumer with a 401(k), retirement account or brokerage account ought to care about whether the government has the right to unilaterally amend a companyÂ’s operating agreement. BankThink
Morning Scan: FDIC Sues Three Banks; Marketplace Lenders’ Achilles Heel
Wall Street Journal JPMorgan Chase has hired a recently retired general as senior adviser. Gen. Raymond T. Odierno will offer the bank advice on cybersecurity as well as the physical risks involved in operating in a range of countries. The paper reports that Ordierno served in the Persian Gulf and Iraq wars and worked closely
Cecil Bancorp in Md. Ordered to Raise Capital or Find Buyer
Cecil Bancorp in Elkton, Md., has been ordered by federal regulators to raise more capital or sell itself. American Banker
Premier Bank in Denver Becomes Sixth Failure of 2015
Colorado state regulators on Friday closed the $ 31.7 million-asset Premier Bank in Denver. American Banker
JPMorgan’s Robo-Calling Settlement Fuels Fight Over FCC Rules
Banks and consumer groups are both eagerly awaiting an FCC decision about whether to loosen federal restrictions on robo-calling consumers. A $ 10.2 million settlement announced this week involving JPMorgan Chase brought the issue back to the forefront. American Banker
FirstBank in Tenn. to Buy Northwest Georgia Bank
FirstBank in Lexington, Tenn., has agreed to buy Northwest Georgia Bank in Ringgold. American Banker
Poll Results: Does the Rise of Nonbanks Pose a Systemic Risk?
American Banker