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Acquisitions in the Future for Associated
Posted on February 12th, 2010 No commentsNew Associated Banc-Corp CEO Phil Flynn is eager, but not ready, to make acquisitions to expand the bank’s presence in Wisconsin, the Twin Cities and metro Chicago, the Business Journal of Milwaukee reported.
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Bankers Show Strong Interest in Acquisitions
Posted on February 2nd, 2010 No commentsMore than 62 percent of bank executives are interested in acquiring a failed bank, and 42 percent are interested in bidding on failed bank assets or deposits, Grant Thornton reported from its 17th Bank Executive Survey. Read more in the Business Journal.
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Citizens Parent Co. Sells Iowa Bank
Posted on February 1st, 2010 No commentsCitizens Republic Bancorp Inc., the parent of Citizens Bank locations in Wisconsin, said Monday that it has agreed to sell F&M Bank-Iowa to Great Western Bank of Sioux Falls, S.D., for about $50 million in cash, the Business Journal of Milwaukee reported.
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Amcore Completes Sale of Branches to UB&T
Posted on November 20th, 2009 No commentsRockford, Ill.-based Amcore Bank has finalized the sale of its New Glarus and Belleville branches to Union Bank & Trust in Evansville, Wis., involving $19 million in loans and $31 million in deposits, the Wisconsin State Journal reported.
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Wis. National City Branches to Change to PNC
Posted on November 16th, 2009 No commentsThe green-and-white logo of National City Bank branches in Wisconsin will give way to the blue-and-orange brand of PNC Bank next summer. The $5.6 billion acquisition gives PNC 2,600 branches in 14 states, including 25 branches in southeastern Wisconsin, the Milwaukee Journal Sentinel reported.
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Anchor Sells 11 Branches to Royal CU
Posted on November 16th, 2009 No commentsThe parent company of AnchorBank plans to sell 11 branches in northwest Wisconsin to Royal Credit Union of Eau Claire. Royal will assume about $177 million in deposits and receive a corresponding amount in loans, real estate and other assets. Financial terms of the deal weren’t disclosed, the Milwaukee Journal Sentinel reported.
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Banker Survey: M&A Outlook Improving
Posted on October 30th, 2009 No commentsConfidence in the U.S. mergers and acquisitions market is starting to rise, according to the fifth annual outlook survey by the law firm Dykema. The survey of 105 bankers, executives and advisors found that 28 percent predict a strong M&A market next year, down from 16 percent in 2008. Read more in the Business Journal.
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Shareholders Approve Metavante, Fidelity Merger
Posted on September 4th, 2009 No commentsMetavante Technologies Inc. and Fidelity National Information Services Inc. have received overwhelming shareholder approval of their proposed $3 billion merger. The sale is expected to close Oct. 1, reported The Business Journal of Milwaukee and the Milwaukee Journal Sentinel.
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Regulators Request Information in Metavante Acquisition
Posted on June 22nd, 2009 No commentsThe U.S. Department of Justice has requested additional information, delaying the planned acquisition of Metavante Technologies Inc. by Fidelity National Information Services Inc., the Business Journal of Milwaukee reported.
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U.S. Bancorp Buys Idaho Bank Assets
Posted on April 27th, 2009 No commentsThe holding company of Minneapolis-based U.S. Bank, the second-largest bank in the Milwaukee area, acquired $225 million in deposits of First Bank of Idaho and branches that operate under the name First Bank of the Tetons, the Business Journal of Milwaukee reported.