Industry News
Industry News
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The deal will close for $10 million in cash, plus the right to purchase nearly 33.9 million shares of common stock.
December 7 -
Bank of America is slowing hiring as fewer employees leave in an attempt to manage the company's headcount ahead of a possible U.S. recession, Chief Executive Brian Moynihan said.
December 6 -
Both Canadian banks are awaiting green lights from regulators for their pending acquisitions of U.S. banks. "We don't control the timing of all the regulatory approvals," TD's chief executive said Thursday.
December 1 -
Amid scuttlebutt, the Atlanta company is mum on buyer, which is rumored to be CrossCountry Mortgage.
November 11 -
The company is floating the possibility of selling a portion of its loan portfolio to free up liquidity in coming months, leaders said.
November 8 -
USAlliance Federal Credit Union in Rye, New York, has agreed to merge with Marriott Employees' Federal Credit Union in Bethesda, Maryland, to create a nearly $3 billion-asset organization.
November 8 -
The acquisition, which was originally expected to close at the end of last year, ultimately took more than 18 months to receive regulatory approval. It is now expected to close on Dec. 1.
November 7 -
The firms trimming payroll include lenders, a mortgage insurance giant, an iBuyer and an online notarization software provider.
November 2 -
That amount of consolidation would be a leap from the previous three-decade high of 33 in 2018, according to Stratmor.
November 1 -
New York-based broker platform Prevu currently offers buying and selling services in the Northeast, Texas and the West Coast.
October 27 -
Michelle Seitz tells attendees at American Banker's Women in Banking NEXT awards to take advantage of the networking and mentoring available to them that she didn't have access to at the start of her own career.
October 26 -
Collins Community Credit Union in Cedar Rapids, Iowa, said Monday that it laid off 38 employees, primarily in its mortgage lending division. In September, GreenState Credit Union in North Liberty, Iowa, cut 42 employees, or about 5% of its workforce.
October 25 -
The addition of investment bank Capstone Partners and the wider geographic footprint that resulted from the acquisition of TCF Financial helped drive a 58% increase in net income during the third quarter.
October 21 -
Almost two-thirds of banking executives believe the U.S. will see its highest interest rates this cycle in the first half of next year. And close to 60% of executives said they are concerned the Federal Reserve is hiking rates too quickly.
October 18 -
The company previously announced it would also close its consumer-direct operations, which relied heavily on refinance activity.
October 11 -
The Pittsburgh-based parent of First National Bank of Pennsylvania plans to close its $117 million buyout of UB Bancorp in December.
October 6 -
The company said it will prepay two securitization facilities and terminate financial arrangements including at least two involving U.S. Bank.
October 4 -
Taichung Commercial Bank said it would pay $82.1 million to buy American Continental Bancorp in suburban Los Angeles.
October 3 -
Wind and storm surge damage to residential and commercial properties could reach $47 billion, according to a CoreLogic analysis.
September 30 -
The same day Provident Financial Services announced it had agreed to buy Lakeland for $1.3 billion, the seller disclosed an ongoing fair-lending investigation by the Justice Department. Provident said it has "not heard anything" that would give it pause.
September 27


















