Banks

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Prosperity Bancshares, Inc. completes merger with F&M Bancorporation Inc

Tuesday, 1 Apr 2014 12:39pm EDT

Prosperity Bancshares Inc:Completion of merger of F&M Bancorporation Inc. (FMBC) with and into Prosperity and merger of FMBC's wholly owned subsidiary, The F&M Bank & Trust Company (F&M Bank).Prosperity issued about 3,298,246 shares of Prosperity common stock plus about $34.24 mln in cash for all outstanding shares of FMBC capital stock.

Tottori Bank to dissolve Torigin Business Service

Friday, 28 Mar 2014 02:30am EDT

Tottori Bank Ltd:To dissolve wholly owned subsidiary Torigin Business Service, which is engaged in operation of businesses outsourced from the bank.Effective June 30.Dissolution to be completed by end of September.

Svenska Handelsbanken AB says Handelsbanken's pensions funds reallocates holdings in Industrivarden and SCA-Reuters

Tuesday, 25 Mar 2014 01:10pm EDT

Svenska Handelsbanken AB:Handelsbanken's pensions funds make reallocations of their holdings in Industrivarden and SCA-Reuters.Says these reallocations will generate a capital gain of some 300 million Swedish crows for the bank.Following these transactions, Svenska Handelsbanken controls 10.46 pct of the votes in Industrivarden and 10.15 pct of the votes in SCA.Handelsbanken says this is an adaptation to future legislation and will not result in any changes in the total holdings in the companies concerned.

C&F Financial Corp completes merger of subsidiary banks

Monday, 24 Mar 2014 11:30am EDT

C&F Financial Corp:Announced the completion of merger of its subsidiary banks, C&F Bank and Central Virginia Bank (CVB), which became effective March 22.CVB was merged into C&F Bank, with C&F Bank continuing as the sole bank subsidiary of C&F.In addition, Central Virginia Bankshares, Inc. (CVBK) was merged into C&F, with C&F surviving, and CVBK's and CVB's written agreement with the Federal Reserve Bank of Richmond and the Virginia Bureau of Financial Institutions was terminated.

Xenith Bankshares Inc announces merger agreement

Friday, 21 Mar 2014 08:00am EDT

Xenith Bankshares Inc:Signs a definitive merger agreement, whereby Colonial Virginia Bank (CVB) (subsidiary) will be merged with and into Xenith Bank (subsidiary).

Hana Financial Group announces updates on subsidiary's divestiture of business into new subsidiary

Thursday, 20 Mar 2014 05:26am EDT

Hana Financial Group Inc:Announces updates on subsidiary's divestiture of credit card business into new subsidiary, which was previously announced on Dec. 24, 2013.Division effective date and registration date were respectively amended to May 31 and June 2, from March 31 and April 1.

Cardinal Financial Corp completes merger of subsidiary banks

Monday, 10 Mar 2014 02:51pm EDT

Cardinal Financial Corp:Completion of the merger of its subsidiary banks, Cardinal Bank and The Business Bank (TBB) effective March 7.TBB merged with and into Cardinal Bank, with Cardinal Bank continuing as the sole bank subsidiary of Cardinal.TBB was previously a subsidiary of United Financial Banking Companies, Inc, until Cardinal's acquisition of UFBC effective Jan. 16.

Woori Finance Holdings Co Ltd amends effective date of internal reorganization

Wednesday, 26 Feb 2014 01:49am EST

Woori Finance Holdings Co Ltd:Says the effective date of divesting its holdings in Kwang Ju Bank and Kyongnam Bank into two new subsidiaries, KJB Financial Group Co., Ltd. and KNB Financial Group Co., Ltd., was amended to May 1 from March 1.

Michinoku Bank Ltd announces liquidation of subsidiary

Tuesday, 25 Feb 2014 01:00am EST

Michinoku Bank Ltd:Completed the liquidation of a wholly owned subsidiary Michinoku Preferred Capital Cayman Limited, which has been engaged in preferred securities issuance business, on Feb. 17.

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