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Community bank system and Merchants Bancshares announce agreement to merge

Monday, 24 Oct 2016 08:27am EDT

Community Bank System : Community bank system and Merchants bancshares announce agreement to merge . Co will acquire merchants bancshares in a cash and stock transaction for total consideration valued at about $304 million . Community Bank System Inc - transaction has been unanimously approved by boards of directors of both companies. . Community Bank System Inc - community bank system expects transaction to be approximately $0.10 per share accretive to 2018 GAAP earnings . Community Bank System- merger agreement provides for 2 directors from Merchants Bancshares to be added to board of directors of community bank system . Community Bank System Inc - RBC capital markets, llc acted as exclusive financial advisor to community bank system .Community bank system inc - piper jaffray & co. Acted as exclusive financial advisor to merchants bancshares.

Community bank system and Merchants Bancshares announce agreement to merge

Monday, 24 Oct 2016 08:27am EDT

Community Bank System : Community bank system and Merchants bancshares announce agreement to merge . Co will acquire merchants bancshares in a cash and stock transaction for total consideration valued at about $304 million . Community Bank System Inc - transaction has been unanimously approved by boards of directors of both companies. . Community Bank System Inc - community bank system expects transaction to be approximately $0.10 per share accretive to 2018 GAAP earnings . Community Bank System- merger agreement provides for 2 directors from Merchants Bancshares to be added to board of directors of community bank system . Community Bank System Inc - RBC capital markets, llc acted as exclusive financial advisor to community bank system .Community bank system inc - piper jaffray & co. Acted as exclusive financial advisor to merchants bancshares.

Intesa Sanpaolo's RCS stake is still an asset to be sold

Monday, 24 Oct 2016 04:28am EDT

Intesa Sanpaolo CEO Carlo Messina says: stake in RCS Mediagroup is still among assets to be sold by the end of 2017 Further company coverage: [ISP.MI][RCSM.MI] (Reporting by Milan newsroom).

Independent Bank and Island Bancorp sign merger agreement

Thursday, 20 Oct 2016 04:05pm EDT

Independent Bank Corp : Independent Bank Corp. and Island Bancorp Inc. sign merger agreement for Rockland Trust Company to acquire the Edgartown National Bank . Independent Bank Corp - anticipates transaction will be accretive to 2018 earnings . Independent Bank Corp - transaction is valued at approximately $24.5 million . Independent anticipates issuing approximately 369,311 shares of its common stock in merger .Independent Bank Corp - each share of island bancorp stock will be exchanged for either 9.525 shares of independent common stock or $500 in cash.

Suntrust Bank to acquire assets of Pillar Financial, LLC.

Thursday, 20 Oct 2016 08:30am EDT

Suntrust Banks Inc : Suntrust bank to acquire assets of pillar financial, llc. . Suntrust Banks Inc - financial terms of transaction were not disclosed . Suntrust bank to acquire assets of pillar financial, llc. . Suntrust Banks Inc - deal includes chicago-based cohen financial's commercial real estate investor services business .Suntrust Banks Inc - pillar team will join suntrust commercial real estate (cre) line of business, which is part of wholesale banking segment.

Creval, Monte dei Paschi lead Italian banks higher

Thursday, 20 Oct 2016 03:17am EDT

Italian banks: shares in regional bank Credito Valtellinese rise more than 4 percent in early trade on Thursday after its chairman hinted at a possible tie-up with Italy's Banca Popolare di Sondrio. Banca Popolare dell'Emilia Romagna is also looking at Creval, its CEO said on Wednesday. [nL8N1CP1XT] . Monte dei Paschi di Siena extend the previous session's gains, rising more than 3 percent on Thursday . Italian banking index is up 0.6 percent at 0713 GMT Further company coverage: [BMPS.MI][PCVI.MI] (Reporting by Milan newsroom).

Creval, Monte dei Paschi lead Italian banks higher

Thursday, 20 Oct 2016 03:17am EDT

Italian banks: shares in regional bank Credito Valtellinese rise more than 4 percent in early trade on Thursday after its chairman hinted at a possible tie-up with Italy's Banca Popolare di Sondrio. Banca Popolare dell'Emilia Romagna is also looking at Creval, its CEO said on Wednesday. [nL8N1CP1XT] . Monte dei Paschi di Siena extend the previous session's gains, rising more than 3 percent on Thursday . Italian banking index is up 0.6 percent at 0713 GMT Further company coverage: [BMPS.MI][PCVI.MI] (Reporting by Milan newsroom).

BPER CEO open to tie-ups with Creval, Pop Sondrio but no talks ongoing

Wednesday, 19 Oct 2016 04:29am EDT

Banca Popolare Dell'Emilia Romagna CEO Alessandro Vandelli says: looks favourably at possible tie-ups with Creval and Banca Popolare di Sondrio but there is nothing on the table Creval Chairman Miro Fiordi says: . would be good to start talks with Popolare di Sondrio over possible tie-up . there are different possibilities for tie-ups, not only with cooperative banks and not just in Italy Further company coverage: [EMII.MI] [PCVI.MI] [BPSI.MI] (Reporting by Milan newsroom).

BPER CEO open to tie-ups with Creval, Pop Sondrio but no talks ongoing

Wednesday, 19 Oct 2016 04:29am EDT

Banca Popolare Dell'Emilia Romagna CEO Alessandro Vandelli says: looks favourably at possible tie-ups with Creval and Banca Popolare di Sondrio but there is nothing on the table Creval Chairman Miro Fiordi says: . would be good to start talks with Popolare di Sondrio over possible tie-up . there are different possibilities for tie-ups, not only with cooperative banks and not just in Italy Further company coverage: [EMII.MI] [PCVI.MI] [BPSI.MI] (Reporting by Milan newsroom).

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