M&A
M&A
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Forty mortgage professionals located in California have transitioned to the San Diego-based lender, including processors, transaction coordinators and loan officers.
April 20 -
A "large number of originators" from McLean Mortgage have joined the California-based lender.
April 13 -
With the acquisition, the Lake City, Florida-based community bank will nab a consumer-direct platform and expand its footprint in the Midwest.
April 13 -
Banks could be in for a long, slow trickle of bank failures and consolidation in the coming months and years, particularly if inflation persists and interest rates keep rising. A downturn in commercial real estate could add to banks' problems.
April 11 -
Thimble, founded in 2016, provides insurance "in minutes" to a plethora of industries including pet, beauty and cleaning services through its mobile app, website or over the phone.
April 11 -
The Federal Trade Commission is seeking a temporary restraining order to prevent the deal from being completed prior to its July 12 administrative hearing.
April 11 -
But the deal propels the four-year old buyer of its wholesale origination operation, The Loan Store, into the national spotlight.
April 10 -
At the beginning of March, over 40 LOs were sponsored by the lender, but as of April 6, 10 LOs remain registered with it on the Nationwide Multistate Licensing System & Registry.
April 10 -
The president of originations at the public company, Phil Shoemaker, will take over as CEO of the acquiring firm.
April 7 -
The neobank purchased the fintech lender in an all-cash offer, but did not disclose the price tag.
April 3 -
Two years ago, the parent company of Silicon Valley Bank promised $11.2 billion in community development support. Activists want First Citizens, which acquired much of the failed bank, to fulfill the commitment.
April 2 -
Past disclosures about the lender's numbers aren't in question but its acquirer's are, according to new filings.
March 30 -
With the acquisitions of CIT Group and a large portion of the failed Silicon Valley Bank, the North Carolina company has doubled in size for the second time in a little more than a year and joined the class of super regionals.
March 27 -
First Citizens BancShares in North Carolina has entered into a purchase and assumption agreement for all deposits and loans of the failed bank, according to the Federal Deposit Insurance Corp. About $90 billion of securities and other assets will remain in receivership.
March 27 -
The two companies state the agency's anticompetitive claims about the deal are wrong, and claim that their in-house hearing is unconstitutional.
March 23 -
Homebot acquired Quo Finance, a first-time home buying app.
March 23 -
The Toms River-based lender was supposedly having liquidity issues, according to unconfirmed reports.
March 22 -
Wall Street leaders and U.S. officials discussing an intervention at First Republic Bank are exploring the possibility of government backing to encourage a deal that would shore up the lender, people with knowledge of the matter say.
March 21 -
The government-backed acquisition heads off regulatory and financial concerns at a Swiss bank that could have affected overseas financial institutions that U.S. lenders count on.
March 20 -
After a bank run led to Signature Bank's failure, New York Community Bancorp bought much of what was left from the FDIC. The acquirer now faces questions about how it will persuade the remaining depositors to stick around.
March 20

















