Fed Details Approvals, Withdrawals of Applications
Seven percent of bank applications in the first half of 2016 — or 42 out of 625 — were withdrawn, according to the Federal Reserve’s latest semiannual report on application results released today.
Browsing: M&A
Fed’s Powell Discusses Community Bank Market Dynamics
Federal Reserve Governor Jerome Powell today highlighted the role that the smallest community banks play in the financial system.
Why Bank Consolidation in the U.S. Will Lift Off in 2016
Consolidation in the banking sector is set to accelerate.
Merger Integration that Works
Proactive steps and strong communication keep customers engaged through the M&A process.
Fed Approves M&T, Hudson City Deal
The Federal Reserve today approved the acquisition of Hudson City Bancorp, Paramus, N.J., by the Buffalo, N.Y.-based M&T Bank Corporation.
HUDSON CITY BANK PAYS $33 MILLION TO SETTLE REDLINING CLAIMS
On September 30, 2015, the Federal Reserve Board of Governors approved Hudson City’s $3.7 billion merger with M&T Bank. The merger is expected to close on November 1, 2015, pending approval by the New York State Department of Financial Services.
Fed Calculates Liability Concentration Limit
The Federal Reserve today announced that aggregate financial sector liabilities amounted to approximately $21.63 trillion, meaning that financial companies cannot combine unless their aggregate liabilities amount to less than $2.16 trillion.
An Eye to the Future of Banking
What’s on the community bank CEO horizon? M&A, mobile payments, mortgages and more.
Weekly Infobyte: What Banks Best Retain Customers after M&A?
Customer retention rates dip after a bank merger, but the loss can be mitigated when the acquiring bank has higher customer engagement rates.
OCC Streamlines Web Access to Merger Info, Comments
The OCC on Friday updated its website to improve access to information and public comments on applications for business combinations by national banks and thrifts, providing a single page from which to access applications and read and submit comments.