Items Tagged with 'Merger'

ARTICLES

  • Atlantic Bay Mortgage Group, Virginia Community Bank abandon merger plans

    Companies give up on merger after more than one year
    After more than a year of working through the regulatory and financial hurdles, Atlantic Bay Mortgage Group and Virginia Community Bank announced this week that they are abandoning their plan to merge. The companies said this week that the timeframe to complete the merger “remains unclear,” so it's in the best interest of each company to move forward separately.
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  • Citizens Bank completes acquisition of Franklin American Mortgage

    Deal originally valued at $511 million
    Citizens Bank’s acquisition of Franklin American Mortgage is now complete. Citizens said that the deal will triple the size of its off-balance sheet mortgage servicing portfolio and more than double its mortgage origination platform. When it was announced, the deal was originally valued at $511 million.
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  • Looking to sell? LF Capital raises $155 million to buy into commercial banking, fintech

    Newly formed “blank check” company is ready to buy
    Any companies out there in commercial banking or fintech that are looking to sell? If so, there’s a newly funded company that’s ready to buy. LF Capital Acquisition Corp., which bills itself as a newly formed “blank check” company, recently launched and raised more than $155 million that it plans to invest in commercial banking or fintech.
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  • WEST appoints Marty Frame as chief operating officer

    Will focus on strategic mergers and acquisitions
    WEST, a Williston Financial Group recently announces the appointment of Marty Frame as chief operating officer. Frame will focus on strategic mergers and acquisitions, product development, project coordination and all general operational activities for WEST.
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  • Interior design giants tie the knot

    Interior Logic Group and Interior Specialists complete their merger
    Two of the largest interior design companies in the nation said their vows recently. Interior Logic Group and Interior Specialists are now doing business together under the Interior Logic Group moniker.
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  • Lennar completes CalAtlantic merger

    Merger creates nation’s largest homebuilder
    Lennar has completed its previously announced merger with CalAtlantic, creating the nation’s largest homebuilder. Lennar will now own or control approximately 250,000 home sites and be actively selling homes in 1,300 residential communities in 21 states.
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  • First American completes acquisition of BofA lien release business

    Will provide lien release services for bank
    First American Financial Corp., a provider of title insurance, settlement services and risk solutions, announced Thursday the completion its acquisition of Bank of America’s lien release business. The major deal makes Bank of America’s lien release business and its employees part of First American’s mortgage solutions division.
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  • From HW Magazine

    When priorities collide in M&A

    Don't let merger integration eclipse mortgage originations
    The merger integration phase is a time when communications and decisions are happening rapid-fire – and sometimes with less-than-normal rigor. A perfect storm for risk can form when complexity, regulatory scrutiny, and the conditions for staff burnout are at an all-time high.
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  • Midwest community bank merger: First Financial buying MainSource for $1 billion

    Combined bank will be sixth largest in Indiana
    In a deal that will create one of largest community banks in the Midwest, First Financial Bancorp, the parent company of First Financial Bank, and MainSource Financial Group, the parent company of MainSource Bank, announced that they plan to merge. Based on First Financial’s closing price of $28.10 on July 25, 2017, the transaction is valued at approximately $1 billion.
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