BB&T will pay a 5.3 percent premium to book value on about $2.3 billion in deposits, according to a separate statement from the Winston-Salem, North Carolina-based lender.
Two years ago Wednesday, M&T Bank Corp. announced the largest acquisition in its 158-year history, a $3.7 billion deal to buy Hudson City Bancorp.
Card member spending rose nine per cent globally, after adjusting for foreign currency, compared to seven per cent growth in the preceding quarter and eight per cent growth in the second quarter last year.
Washington Trust Bancorp, Inc. parent company of The Washington Trust Company, today announced net income of $9.8 million, or 58 cents per diluted share, for the second quarter of 2014, up from first quarter of 2014 net income of $9.3 million, or 55 cen
First American Bank, headquartered in Elk Grove Village, IL with 49 branches throughout the Chicago metropolitan area and assets of $3.4 billion, has announced a merger with the Bank of Coral Gables, a community-based bank located in Coral Gables, FL.
Continued Loan Growth, Disciplined Expense Management, and Asset Quality Improvements Help Drive Solid Results
The remainder (46%) see smaller banks capturing share through increasing differentiation. Executives are also divided as to the threat posed by non-traditional new players: while 55% believe they pose a threat to traditional banks, 31% believe they presen
CITBA Financial Corporation Mooresville, IN, the bank holding company of Citizens Bank, today announced that it had elected to terminate the proposed merger transaction between CITBA and its bank subsidiary and Merchants Bancorp, of Carmel, Indiana, and i
The franchise model can turn the top-down corporate model upside down, since franchisees may actually become aggressive critics of how their customers are approached, with little patience for ineffective internal procedures.