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Royal Bank Of Scotland welcomes credit rating upgrade by Moody's

Thursday, 15 Jun 2017 01:21pm EDT

June 15 (Reuters) - Royal Bank Of Scotland ::RBS welcomes credit rating upgrade by Moody's.Rating action reflects Moody's expectation for more stable performance in medium term resulting from group's multi-year restructuring.Moody's have also affirmed senior debt ratings at RBS Plc and Natwest Plc.

RMB says completes internal group restructure

Wednesday, 14 Jun 2017 09:05am EDT

June 14 (Reuters) - RMB Holdings Ltd::Completed internal group restructure in terms of which, inter alia, an asset holding entity and treasury entity have been created within group.

RMB says completes internal group restructure

Wednesday, 14 Jun 2017 09:05am EDT

June 14 (Reuters) - RMB Holdings Ltd::Completed internal group restructure in terms of which, inter alia, an asset holding entity and treasury entity have been created within group.

Midsouth Bancorp unit was informed that OCC has determined bank is in "troubled condition"

Monday, 12 Jun 2017 08:59am EDT

June 12 (Reuters) - Midsouth Bancorp Inc ::Midsouth Bancorp - on June 8, co's unit was informed that OCC has determined that bank is in "troubled condition" for purposes of 12 C.F.R. 5.51 - SEC filing.Midsouth Bancorp - OCC determination based on deficiencies in latest examination of unit, including deficiencies in asset quality, credit administration.Midsouth Bancorp - expects its unit will become subject to formal enforcement action with OCC that will impose additional restrictions on operations.Midsouth Bancorp Inc - company may also become subject to formal or informal enforcement actions with board of governors of Federal Reserve.Midsouth Bancorp - based on troubled condition determination, co's unit must seek approval from OCC prior to adding or replacing members of board.Midsouth Bancorp - imposition of enforcement action, being placed in troubled condition could have material negative effect on business, operations.

Carige board votes to remove CEO's mandate, to push ahead with restructuring

Friday, 9 Jun 2017 02:12pm EDT

June 9 (Reuters) - Banca Carige says::majority of board members voted for removing CEO Bastianini's mandate.board to set in motion without delay the process of "defining a new governance layout".confirms willingness to proceed with bank's restructuring plan.

BCB Bancorp says to acquire IA Bancorp

Wednesday, 7 Jun 2017 04:05pm EDT

June 7 (Reuters) - BCB Bancorp Inc :BCB Bancorp Inc to acquire IA Bancorp Inc.BCB Bancorp Inc - ‍total transaction value is approximately $20 million​.BCB Bancorp Inc - on a pro forma basis, transaction is expected to be accretive to company's 2018 earnings by approximately 10% per share.BCB Bancorp Inc - merger will add approximately $235 million to company's asset base, based on iab's assets as of march 31, 2017.BCB Bancorp - ‍transaction value includes assumption by bcb of about $7.5 million of IAB preferred stock, outstanding shares of IAB common stock of about 4.18 million​.BCB Bancorp - IAB shareholders to be entitled to elect to get either 0.189 shares of bcb common stock or $3.05 in cash for each share of IAB stock.BCB Bancorp - upon consummation of merger, indus-american bank will merge with BCB Community Bank and will operate as a division of BCB Community Bank .BCB Bancorp Inc - following closing of merger, bcb will form an advisory board which will consist of current members of iab board, among others.BCB Bancorp Inc - ‍company will acquire IAB and its wholly owned subsidiary, indus-american bank​.BCB Bancorp Inc - ‍on a pro forma basis, tangible book value per share dilution of approximately 1.3% from transaction is expected for 2018.

Glacier Bancorp reports acquisition of Columbine Capital

Tuesday, 6 Jun 2017 07:00pm EDT

June 6 (Reuters) - Glacier Bancorp Inc ::Glacier Bancorp, Inc. announces acquisition of Columbine Capital Corp in Buena Vista, Colorado.Boards of Glacier and Columbine unanimously approved transaction.Deal provides for payment to columbine shareholders of total of $15.7 million in cash, 1,717,229 shares of Glacier common stock.Glacier Bancorp Inc- upon closin Collegiate Peaks Bank to be merged into Glacier Bank, operate as separate banking division under existing name and team.Definitive agreement to acquire Columbine Capital Corp, the bank holding company for Collegiate Peaks Bank.

Wells Fargo announces new regional structure for Business Banking Group

Monday, 5 Jun 2017 10:19am EDT

June 5 (Reuters) - Wells Fargo & Co ::Wells Fargo announces new regional structure for Business Banking Group.Business adds four new regions; announces new national industry group​.New structure now includes East, Midwest, Mountain, Northeast, Pacific Northwest, Socal Nevada and Southwest regions.‍wells Fargo's Business Banking Group has moved from three to seven regions, with a banking leader appointed for each​.

Walter Dolhare, Robert Engel to co-lead Wells Fargo Securities

Monday, 5 Jun 2017 08:30am EDT

June 5 (Reuters) - Wells Fargo & Co ::Walter Dolhare and Robert Engel to co-lead Wells Fargo Securities.Wells Fargo - appointment follows promotion of Jonathan Weiss, former head of WFS, to succeed David Carroll as head of wealth and investment management.Wells Fargo & Co - Dolhare and Engel will continue to oversee markets division and IBCM, respectively.

People's Utah Bancorp says entered into merger agreement with Town & Country Bank​

Wednesday, 31 May 2017 05:19pm EDT

May 31 (Reuters) - People's Utah Bancorp ::People's Utah Bancorp- ‍on may 31 co, unit entered into a merger agreement with Town & Country Bank, Inc​ - sec filing​.People's Utah Bancorp-‍following merger, branches of bank of american fork and tc will be consolidated under "people's town & country," division of PIB​.People's Utah Bancorp- ‍under terms of merger agreement, tc will merge with and into PIB with PIB as surviving entity​.

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