MVB Bank to Acquire Stake in ICMC to Create Lending Group
Following a bumper year for mortgage lending in 2019, MVB will buy a stake from the Van Metre Company to create Intercoastal Mortgage
Following a bumper year for mortgage lending in 2019, MVB will buy a stake from the Van Metre Company to create Intercoastal Mortgage
Also, Regions Bank has announced the planned acquisition of equipment finance lender Ascentium Capital
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Combination will create a $3.1 trillion wealth management business when it completes later this year
Acquisition of top-20 issuer to provide Ally Financial with “instant capability and scale” in the credit card space
Ericson State Bank has been taken over by Farmers and Merchants Bank after a regulatory investigation uncovered a series of lending violations
The combined entity will cover Florida, Georgia, Alabama, the Carolinas, and Virginia when it completes in Q3 2020
The bank’s troubles are still closer to the front windshield than the rearview mirror
$37.4 billion worth of M&A deals completed in Q4 brings FY2019 total to $87.2 billion – 1.8 times more than previous year
Combination is set to create one of Tennessee’s biggest community banks with operations throughout Williamson, Rutherford and Davidson counties