Category: Corporate banking

Activity, Corporate banking

Independent Bank to Acquire Traverse City State Bank

December 5, 2017

Via: ABF Journal

Independent Bank signed a definitive merger agreement to acquire TCSB Bancorp, the parent company of Traverse City State Bank. Both boards of directors unanimously approved the agreement. Under the merger terms, TCSB shareholders will receive 1.1166 shares of IBCP common […]

Activity, Capital and risk, Corporate banking, Credit

JPMorgan Agents $273MM Facility for Progress Software

November 28, 2017

Via: ABF Journal

Progress Software amended its credit agreement to include a $123.7 million senior secured term loan and a $150 million revolving credit facility. According to a related 8-K filing, JPMorgan Chase Bank served as administrative agent, sole bookrunner and sole lead […]

Activity, Corporate banking

PacWest Bancorp Completes Merger With CU Bancorp

October 23, 2017

Via: ABF Journal

PacWest Bancorp completed its merger with CU Bancorp. California United Bank, a wholly-owned subsidiary of CUB, was merged with and into PacWest’s banking subsidiary, Pacific Western Bank. Matt Wagner, CEO of PacWest and Pacific Western Bank, stated, “We believe the […]

Activity, Channels, Corporate banking

Union Bank & Trust Names Ring EVP, Commercial Banking Group Exec

September 15, 2017

Via: ABF Journal

Union Bank & Trust named David V. Ring executive vice president and Commercial Banking Group executive. Ring was most recently executive vice president and executive managing director at Huntington National Bank leading its middle market, university, non-profit and Huntington Business […]

Activity, Corporate banking

American State Bank Adds Two Commercial Lending Officers

September 12, 2017

Via: ABF Journal

American State Bank added Todd Tutt and Richard Solomon as senior vice presidents, Commercial Lending. Tutt and Solomon will serve the Tyler, TX area’s commercial clients, providing customers with swift, local decisions for the full suite of consumer and commercial […]

Activity, Corporate banking

A key Fed official just admitted the central bank got inflation wrong and so it may delay a hike

September 6, 2017


Fed unlikely to hike rates this year: Clearnomic’s James Liu Fed unlikely to hike rates this year: Clearnomics’ James Liu  Fed unlikely to hike rates this year: Clearnomic’s James Liu Fed unlikely to hike rates this year: Clearnomics’ James Liu […]

Activity, Business banking, Corporate banking, Products

Ondot Systems unveils card control integration platform

August 22, 2017

Via: Banking Technology - News

Card control firm Ondot Systems has released its multi-interface card control integration platform. The California-based company has combined a server-side API, mobile apps, and an HTML5 framework to give financial institutions (FIs) the ability to add card control technology to […]

Activity, Corporate banking

Wells Fargo Axes 70 Senior Managers in Retail Following Accounts Scandal

July 31, 2017

Via: TheStreet

Wells Fargo & Co’s (WFC) new head of retail banking Mary Mack announced plans to cut about 70 senior executive jobs as the bank attempts to recover from its 2016 fake accounts scandal, Bloomberg reported. Wells Fargo will reduce the […]

Activity, Corporate banking

Who’s making the bank deals?

July 26, 2017

Via: Banking Exchange

Long-term relationships helped propel a few investment bankers to the top of the bank and thrift lead banker rankings in the bank space in the first half of 2017. With only a handful of multibillion dollar deals surfacing in the […]

Activity, Corporate banking

Bloomberg: Despite the Rules, Top U.S. Banks Close to Profit Record

July 23, 2017

Via: ABF Journal

Bloomberg reported the nation’s top 10 banks collectively made $30 billion in the second quarter of this year, only a few hundred million short of the record that was set in the second quarter of 2007. Bloomberg noted the financial world was […]