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In unprecedented deal, Boston bank to be acquired by fintech firm
Boston-based Radius Bank has agreed to be acquired by the San Francisco financial services technology firm LendingClub for $185 million, a deal the two companies billed as the first-ever takeover of a bank by a U.S. fintech firm. Headquartered in th.....»»
LendingClub buys Radius Bank for $185 million
The move marks the first time a U.S. fintech company has acquired a bank......»»
RXR secures $97M from Bank OZK for Atlantic Station
RXR Realty has secured $97.5 million through Bank OZK to fund construction of the second phase of it Atlantic Station develop.....»»
Potential Destruction From Dorian Spreads to 1.5 Million Homes
When Hurricane Dorian was supposed to come ashore in the middle of the Atlantic Coast of Florida, hundreds of thousands of homes were at risk for significant damage. That estimate has tripled as it........»»
Potential Destruction From Dorian Spreads To 1.5 Million Homes
When Hurrican Dorian was supposed to come ashore in the middle of the Atlantic Coast of Florida, hundreds of thousands of homes were at risk for significant damage. That estimate has tripled as it........»»
Old Line acquired by West Virginia bank in $500M deal
WesBanco Inc. has agreed to acquire Old Line Bancshares Inc. in a $500 million all-stock transaction that will push the West Virginia buyer into Maryland. The deal, the latest in a string of community bank acquisitions, comes more than a year aft.....»»
Old Line being acquired by West Virginia bank in $500M deal
WesBanco Inc. has agreed to acquire Old Line Bancshares Inc. in a $500 million all-stock transaction that will push the West Virginia-based bank into Maryland. The deal, the latest in a string of community bank acquisitions, comes more than a yea.....»»
Amid battle with activist investors, DNB agrees to $206M sale to Western Pa. bank
After spending much of 2019 fending off an activist investor, venerable DNB Financial Corp agreed to be acquired by Western Pennsylvania-based S&T Bancorp for $206 million in stock. S&T (NASDAQ: STBA), based in Indiana, Pa., about 45 miles east of Pitt.....»»
BioMérieux lands West Coast presence with $90M buy
French life sciences company bioMérieux – which has a sizable and growing base in Durham – has acquired San Diego-based Astute Medical for $90 million in cash, giving the firm a West Coast presence. Astute Medical focuses on high-risk disease d.....»»
Optimumbank chairman buys his bank’s debt, hopes to resume growth
Optimumbank Chairman Moishe Gubin has acquired $6.6 million of the company’s outstanding debt, in a deal he hopes will allow the bank to resume growth and boost lending. The Plantation-based bank (NASDAQ: OPHC) is one of the smallest in South F.....»»
SEC"s University of Missouri officially hires Memphis athletic director
Veatch recently landed a big-league NIL deal with FedEx and launched $220 million in renovations at Simmons Bank Liberty Stadium......»»
Clearwater bank appoints former SouthState exec as new president and CEO
Flagship Bank's new top executive is stepping up after a transformative period of growth for the $650 million community bank......»»
FEDERAL HOME LOAN BANK OF BOSTON ANNOUNCES 2024 FIRST QUARTER RESULTS, DECLARES DIVIDEND
BOSTON, April 19, 2024 /PRNewswire/ -- The Federal Home Loan Bank of Boston announced its preliminary, unaudited first quarter financial results for 2024, reporting net income of $77.8 million for the quarter. The Bank expects to file its quarterly rep.....»»
Taylor Swift fans in the UK have been scammed out of $1.2 million, bank says
Taylor Swift fans in the U.....»»
Bank First Announces Net Income for the First Quarter of 2024
Net income of $15.4 million and earnings per common share of $1.51 for the three months ended March 31, 2024 Annualized retu.....»»
First Hawaiian Bank commits $1M to Maui homeowners
This partnership with the Federal Home Loan Bank of Des Moines boosts the bank's philanthropic efforts immediately following the fires to about $1 million......»»
Bank of America"s dealings with Leon Black and Jeffrey Epstein are in the Senate"s crosshairs
A Senate committee asked Bank of America whether Black's $158 million payments to Epstein follow.....»»
Electrical Equipment Company Encore Wire Gets Wired For Takeover In €3.9B Deal
Encore Wire to be acquired by Prysmian for $290 per share in cash. Transaction expected to close in second half of 2024, generating ~€140 million in EBITDA synergies. read more.....»»
Unity Bancorp Reports Quarterly Earnings of $9.6 Million
CLINTON, N.J., April 12, 2024 (GLOBE NEWSWIRE) -- Unity Bancorp, Inc. (NASDAQ:UNTY), parent company of Unity Bank, reported ne.....»»
This bank paid $1.5 million to build branch next to Cary Wegmans
A South Carolina bank that's growing its Triangle presence will build a new branch in Cary......»»