Hints and tips:
...within sight of $50bn in assets, such as Associated Banc Corp of Green Bay, Wisconsin (which has $30bn of assets), Hancock Holding Company of Gulfport, Mississippi ($27bn), and Dallas-based Texas Capital Bancshares...
...The dozen banks in the Dow Jones mid-cap US banks index are Signature, Comerica, Citizens, Regions, M&T, Silicon Valley Bank, CIT, Fifth Third, Huntington Bancshares, KeyCorp, First Republic and Zions....
...Kevin Hester, chief lending officer at Home Bancshares, said the Arkansas-based lender had “embarked on an effort to enhance our risk management practices” in CRE....
...S&P lowered ratings on BOK Financial, Comerica, Cullen/Frost Bankers, and Texas Capital Bancshares — and holds a negative outlook on the banks to “reflect our concern that the downturn in oil and natural...
...Its summer swoop for National Penn Bancshares of Pennsylvania was its third in a year....
...“This is where the matchmaking is,” says David Zalman, chief executive of Prosperity Bancshares, an acquisitive Texas-based bank that has more than doubled its assets to $21.2bn since the end of 2011....
...Cullen/Frost Bankers, with $23bn of assets and a market capitalisation of $4bn, plans to buy WNB Bancshares, a family-owned bank that operates in the central and western part of the state for $220m in cash...
...The deal would mark another large expansion for First Niagara, which last year merged with Connecticut-based NewAlliance Bancshares in a $1.5bn deal....
Valuations and investor hopes are high for fast-growing social media companies
...Shares in the regional bank, which merged with NewAlliance Bancshares for $1.5bn last year, fell 2.7 per cent to $11.92....
The LinkedIn effect should not be relied on to permeate upcoming listings
...He estimated that Huntington Bancshares of Columbus Ohio could lose 60 per cent of its interchange revenue, while TCF of Minnesota, which has sued the Fed in an attempt to prevent the rules from taking effect...
...Inc....
...The last US bank to go public until Wednesday was Houston-based Encore Bancshares in July 2007. Its share price has fallen 54.4 per cent since its launch....
...Comerica also has the advantage of a strong presence in Texas, which has withstood the economic downturn better than many other states....
...BBVA has faced recession in its main markets of Spain and Mexico as it also consolidated its U.S. business built on the $9 billion purchase of Compass Bancshares Inc. in 2007....
...True, it takes the bank deeper into Texas and California, building on the footprint gained when it bought Compass Bancshares in 2007. It also accelerates BBVA’s strategy to become a US regional bank....
...BBVA has 750 branches across seven states in the US and now has 421 in Texas. Three smaller US banks also failed on Friday....
...The Spanish bank bought Compass Bancshares, which is based in Alabama, in 2007 for nearly $9.6bn. Further acquisitions in the region would boost BBVA’s presence....
...At the center of the piece, described as the “now tottering king of American finance”: Corus Bancshares of Chicago....
...Huntington Bancshares also said it would issue new stock in an effort to raise $675m in “capital actions”. The shares dropped 10.8 per cent to $4.30....
...Insurance Corporation, the deal allows BBVA to finally expand on a faint footprint planted in the US through acquisitions which began in 2004 and included the US$9bn purchase of the Alabama-based Compass Bancshares...
...Among the volatile swings in regional banks, Huntington Bancshares rose as much as 19.9 per cent but later stood 14.7 per cent lower at $1.16....
...Among the regional banks to do poorly, Fifth Third and Huntington Bancshares lost 14 per cent to $1.54 and 20.4 per cent to $1.54, respectively....
...$180,000,000 Wesbanco Bank Inc. $75,000,000 Encore Bancshares Inc....
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