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National Societe Generale Bank SAE Announces Negotiations to Purchase SOGECAP Company's Stake in NSGB for Life Insurance

Saturday, 15 Jun 2013 08:00pm EDT

National Societe Generale Bank SAE (NSGB) announced that it has started negotiations to purchase Sogecap Company's wholly stake (74.983%) in NSGB for Life Insurance.

Grupo Financiero Santander Mexico SAB de CV To Acquire ING Groep NV’s Mortgage Business In Mexico-Reuters

Friday, 14 Jun 2013 05:05pm EDT

Reuters reported that Grupo Financiero Santander Mexico SAB de CV (Santander Mexico) said on June 14, 2013 it will buy Dutch ING Groep NV’s mortgage business in Mexico. Santander Mexico will pay MXN 643 million (USD 50.70 million) in cash for the MXN 12.3 billion mortgage book, according to a statement. The deal is expected to close in the second half of the year 2013, pending regulatory approvals.

F.N.B. Corporation Expands Maryland Presence With Acquisition Of BCSB Bancorp, Inc.

Friday, 14 Jun 2013 08:45am EDT

F.N.B. Corporation and BCSB Bancorp, Inc. announced that the signing of a definitive merger agreement pursuant to which F.N.B. Corporation will acquire BCSB Bancorp, Inc., the Baltimore-based holding company and parent of Baltimore County Savings Bank, in an all stock transaction valued at approximately $23.77 per share, or $79 million in the aggregate using the closing stock price of F.N.B. Corporation as of June 13, 2013. Under the terms of the merger agreement, which has been approved by the boards of directors of both companies, shareholders of BCSB Bancorp, Inc. will be entitled to receive 2.08 shares of F.N.B. Corporation common stock for each common share of BCSB Bancorp, Inc. The exchange ratio is fixed and the transaction is expected to qualify as a tax-free exchange for shareholders of BCSB Bancorp, Inc.

F.N.B. Corporation Expands Maryland Presence With Acquisition Of BCSB Bancorp, Inc.

Friday, 14 Jun 2013 08:45am EDT

F.N.B. Corporation and BCSB Bancorp, Inc. announced that the signing of a definitive merger agreement pursuant to which F.N.B. Corporation will acquire BCSB Bancorp, Inc., the Baltimore-based holding company and parent of Baltimore County Savings Bank, in an all stock transaction valued at approximately $23.77 per share, or $79 million in the aggregate using the closing stock price of F.N.B. Corporation as of June 13, 2013. Under the terms of the merger agreement, which has been approved by the boards of directors of both companies, shareholders of BCSB Bancorp, Inc. will be entitled to receive 2.08 shares of F.N.B. Corporation common stock for each common share of BCSB Bancorp, Inc. The exchange ratio is fixed and the transaction is expected to qualify as a tax-free exchange for shareholders of BCSB Bancorp, Inc.

Mitsubishi UFJ Financial Group Inc In Talks To Buy Bank Of Ayudhya PCL Stake-DJ

Thursday, 13 Jun 2013 09:30pm EDT

Dow Jones reported that Mitsubishi UFJ Financial Group Inc is in talks with the Ratanarak family to jointly take a majority stake in Thailand's Bank of Ayudhya PCL, people familiar with the matter said, in a deal that could be worth at least $3.05 billion and would mark one of the biggest forays by a Japanese financial firm in Southeast Asia yet. MUFG, has already entered into exclusive talks to buy GE Capital's roughly 25% stake in Bank of Ayudhya, Thailand's fifth-biggest bank by assets, people familiar with the situation said earlier, the latest in a string of Japanese financial groups buying into Southeast Asia's growth story.

NewBridge Bancorp To Acquire Security Savings Bank

Thursday, 13 Jun 2013 04:15pm EDT

NewBridge Bancorp announced the signing of a definitive agreement to acquire Security Savings Bank, a state mutual savings bank headquartered in Southport, N.C. NewBridge Bank will acquire the assets and liabilities of Security Savings Bank in a transaction NewBridge anticipates will be ordered by the North Carolina Commissioner of Banks. No shares will be issued or cash exchanged in the transaction, and the merger is not subject to member approval. Terms of the transaction were not disclosed.

Heartland Financial USA Inc and Morrill Bancshares Inc. Announce Signing Of Definitive Merger Agreement

Wednesday, 12 Jun 2013 04:00pm EDT

Heartland Financial USA Inc announced that it has entered into a definitive merger agreement with Morrill Bancshares, Inc., based in Merriam, Kansas. Morrill is the parent of Morrill & Janes Bank and Trust Company, a commercial bank serving the greater Kansas City and northeast Kansas markets. According to terms of the agreement, Morrill Bancshares, Inc. will merge into Heartland and Morrill & Janes Bank and Trust Company will become a subsidiary of Heartland, operating under its present name and management team as Heartland`s tenth state-chartered bank. The stockholders of Morrill Bancshares, Inc. will receive Heartland common stock and cash that together are valued at approximately $61.5 million.

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Analyst Research

Report Title Price
FIRST INTERSTATE - COMPANY REPORT
Provider: Brown Brothers Harriman & Co.
$12.00
Buy
FIRST INTERSTATE - COMPANY REPORT
Provider: Brown Brothers Harriman & Co.
$12.00
Buy
FIRST INTERSTATE - COMPANY REPORT
Provider: Brown Brothers Harriman & Co.
$35.00
Buy
FIRST INTERSTATE - COMPANY REPORT
Provider: Brown Brothers Harriman & Co.
$35.00
Buy
BRD – H1, 2006 RESULTS, IN LINE WITH EXPECTATIONS
Provider: Swiss Capital
$92.00
Buy

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