Growth strategies
- Banking
MVB in W.Va. acquires fintech-focused software company
MVB Financial in Fairmont, W.Va., has acquired a software development firm. The $2.3 billion-asset MVB said in a press release…
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Bank of Marin expanding in Northern California with American River deal
Bank of Marin Bancorp in Novato, Calif., has agreed to buy American River Bankshares in Sacramento, Calif. The $3.1 billion…
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Webster to buy Sterling in N.Y. for $5 billion
Webster Financial in Waterbury, Conn., has agreed to buy Sterling Bancorp in Pearl River, N.Y. The $33 billion-asset Webster said…
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‘No dilly-dallying’: Citi’s Jane Fraser gets to work on overhaul
Jane Fraser wants to move quickly to remake Citigroup, so it makes sense that her first earnings call as CEO…
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SmartFinancial in Tennessee to buy Sevier County Bancshares
SmartFinancial in Knoxville, Tenn., has agreed to buy Sevier County Bancshares in Sevierville, Tenn. The $3.3 billion-asset SmartFinancial said in…
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PNC chief wants to climb near the top of a consolidating sector
PNC Financial Services Group Chief Executive Bill Demchak said he wants to position the bank to perform in a sector…
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Assets at Dow Chemical Employees’ Credit Union pass $2 billion
Dow Chemical Employees’ Credit Union in Midland, Mich., closed out 2020 by surpassing the $2 billion-asset mark, with assets rising…
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Nicolet expanding in Michigan with proposed purchase of Mackinac
Nicolet Bankshares in Green Bay, Wis., has agreed to buy Mackinac Financial in Manistique, Mich. The $4.6 billion-asset Nicolet said…
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Why BancorpSouth cast a bigger net for its latest acquisition
Dan Rollins has a reputation for being a serial acquirer, but BancorpSouth’s deal for Cadence Bancorp. is the biggest one…
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Ameriprise to buy BMO unit with $124 billion in client funds
Bank of Montreal agreed to sell its Europe, Middle East and Africa asset management unit to Ameriprise Financial Inc. for…
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