Month: May 2011

Banking News – Banks in New York’s Hamptons Close Deal
&nbspBridge Bancorp in Bridgehampton, N.Y., said late Friday that it had concluded its $6.3 million acquisition of Hamptons State Bank of Southampton, N.Y.
Union Banking – http://www.americanbanker.com/issues/176_104/banks-in-hamptons-close-deal-1038215-1.html

Banking News – First General Buying Small California Bank
&nbspLess than six months after carrying out its first bank acquisition, First General Bank in Rowland Heights, Calif., has struck another deal.
Union Banking – http://www.americanbanker.com/issues/176_104/first-general-1038214-1.html

Banking News – First BanCorp Lands $180M Investment
&nbspFirst BanCorp in San Juan, Puerto Rico, said Tuesday that it struck an contract under which the private-equity firm Thomas H. Lee Partners LP may buy $180 million of the company’s common stock.
Union Banking – http://www.americanbanker.com/issues/176_104/first-bancorp-1038213-1.html

Banking News – Former NewAlliance CFO Joins Webster
&nbspWebster Fiscal Corp. in Waterbury, Conn., has hired a former top executive at NewAlliance Bancshares as its chief fiscal officer.
Union Banking – http://www.americanbanker.com/issues/176_104/fmr-newalliance-cfo-joins-webster-1038212-1.html

Banking News – Columbia’s Patience Pays Off in Deal-Starved Northwest
&nbspColumbia Banking System wants to make acquisitions. But there are few opportunities in its market, relegating the Tacoma, Wash., company to taking small, thought-out steps.
Union Banking – http://www.americanbanker.com/issues/176_104/columbia-banking-system-1038211-1.html

Banking News – Report: BankUnited in Talks to Buy Small New York Bank
&nbspShares of Herald Inhabitant Bank rose more than 25% Tuesday after Bloomberg reported that BankUnited in Miami Lakes, Fla., was in talks to buy the small, N.Y.-based money-making bank.
Union Banking – http://www.americanbanker.com/issues/176_104/bankunited-talks-buy-1038204-1.html

Banking News – Boston Private Combines Banks, Trims Overhead
&nbspBoston Private Fiscal Worth Inc. has collective its four banks in New England, California and the Pacific Northwest under a single charter.
Union Banking – http://www.americanbanker.com/issues/176_104/boston-private-combines-banks-1038202-1.html

Banking News – First Fiscal to Sell Indemnity Unit for $38 Million
&nbspFirst Fiscal Worth is selling its indemnity agency subsidiary and its chief executive said that the Charleston, S.C., company intends to use the proceeds to shore up its …
Union Banking – http://www.americanbanker.com/issues/176_104/first-fiscal-sells-indemnity-unit-1038191-1.html

Banking News – First General to Buy Small California Manufacturing Bank
&nbspLess than six months after closing its first-ever bank acquisition, First General Bank in Rowland Heights, Calif., has struck a deal to buy another small bank.
Union Banking – http://www.americanbanker.com/news/first-general-california-buy-1038187-1.html

Banking News – Private Equity Firm THL to Buy First BanCorp Common Stock
&nbspFirst BanCorp in San Juan, Puerto Rico, on Tuesday said it struck an contract under which the private equity firm Thomas H. Lee Partners may buy $180 million of its common stock as part …
Union Banking – http://www.americanbanker.com/news/thl-buys-first-bancorp-stock-1038182-1.html

Banking News – QIA in race for Swiss media agency
&nbspThe Qatar independent wealth fund has entered the latest round in the sales process for the Infront Sports & Media, the Swiss agency that sells media rights for seven inhabitant football federations
Fiscal Times – Fiscal Air force – http://www.ft.com/cms/s/0/0304c85c-8bd4-11e0-854c-00144feab49a.html?ftcamp=rss

Banking News – Xchanging sells US rift
&nbspCompany, whose operations include dispensation indemnity claims for Lloyd’s of London, has earlier incorrigible the makings buyers have articulated appeal in picking off parts of its affair
Fiscal Times – Fiscal Air force – http://www.ft.com/cms/s/0/5965d098-8bb0-11e0-a725-00144feab49a.html?ftcamp=rss

Banking News – Brewin Dolphin to buy Tilman
&nbspThe UK wealth manager is to buy Dublin-based Tilman Asset Management to tap the demand for private client investment management air force in Ireland
Fiscal Times – Fiscal Air force – http://www.ft.com/cms/s/0/935ee248-8bac-11e0-a725-00144feab49a.html?ftcamp=rss

Banking News – PAI sells Spie to buy-out syndicate
&nbspThe €2.1bn deal is the latest in a string of spin-offs for the French private equity group, which continues to hive off companies in schooling for a new fundraising
Fiscal Times – Fiscal Air force – http://www.ft.com/cms/s/0/4f13b9ce-8b61-11e0-8c09-00144feab49a.html?ftcamp=rss

Banking News – Credit card companies exploit European law
&nbspCredit card companies have been accused of taking benefit of a European law calculated to protect borrowers from obtaining simple credit, by promoting deals that many will be disallowed for
Fiscal Times – Fiscal Air force – http://www.ft.com/cms/s/2/2433afbe-8bae-11e0-a725-00144feab49a.html?ftcamp=rss

Banking News – Active investors: a small goes a long way
&nbspIn Sweden, where shareholders are quite active, companies are no more flourishing than in the US, where equity investors are largely disenfranchised
Fiscal Times – Fiscal Air force – http://www.ft.com/cms/s/3/14822ba4-8b9a-11e0-8c09-00144feab49a.html?ftcamp=rss

Banking News – SMEs urged to look at invoice financing
&nbspAdvertising agency boss David Attinger opted for the funding uncommon, where the lender advances money secured against bills issued to customers but not yet paid
Fiscal Times – Fiscal Air force – http://www.ft.com/cms/s/0/cbd860bc-8af9-11e0-b2f1-00144feab49a.html?ftcamp=rss

Banking News – Capture Panel urged to thought-out M&A pension toll
&nbspPension scheme representatives are critical the self-determining body to force acquiring companies to clarify how their offer will affect a target company’s retirement plot
Fiscal Times – Fiscal Air force – http://www.ft.com/cms/s/0/20cb7dee-8af9-11e0-b2f1-00144feab49a.html?ftcamp=rss

Banking News – Irish banks: haircuts for senior bondholders?
&nbspInvestors hold €16bn (face value) of senior, unguaranteed, unsecured bonds issued by Irish banks. It might be their turn next.
FT.com – Banks – http://www.ft.com/cms/s/3/d13b87aa-8bbc-11e0-a725-00144feab49a.html?ftcamp=rss

Banking News – Irish lenders outline loss plans for bondholders
&nbspAttempts to make debt investors shoulder some of the cost of recapitalising the country’s fiscal sector
FT.com – Banks – http://www.ft.com/cms/s/0/359d2e7a-8bb2-11e0-a725-00144feab49a.html?ftcamp=rss