PayPal Targets Customer Acquisition With Purchase of Start-Up Iron Pearl April 12, 2013PayPal has acquired Iron Pearl, a California-based start-up specializing in customer acquisition and engagement, and formed a new growth team to expand its customer base. Sterling, Provident Banks To Merge April 04, 2013The newly combined bank will have nearly $7 billion in total assets.
Bank Closures Slow in Beginning of 2013 Compared to Last Year March 26, 2013Only four banks have closed so far in 2013 compared to 15 through the first three months of last year. What Banks Need To Know About Vendor M&As February 22, 2013Consolidation among players in the bank technology vendor space is heating up again. What factors are driving this trend, and how will it affect their bank customers? Citi to Buy Capital One Best Buy Card Portfolio February 19, 2013Citi will pay $7 billion to acquire Capital One's Best Buy private label and co-branded credit card accounts.
Fintech M&A Keeps On Coming February 01, 2013Two more significant acquisitions were announced this week in the financial services technology space.
Monitise Adds Mint to Its Mobile Money Platform for Banks December 11, 2012A new deal with Intuit Financial Services means that Monitise will offer banks the chance to incorporate Mint, a popular personal financial management service, into mobile banking apps. New Survey Identifies Trends in Regulations, M&A, IT Spending For Community Banks November 06, 2012A new study by KPMG found that regulations are stifling organic growth and driving mergers and acquisitions among community banks. First Virginia Community Bank Completes Acquisition of First Commonwealth Bank of Virginia October 22, 2012The acquisition is the first in the history of the 5-old-bank and will add $410 million in assets to the institution. Wells Fargo Tops U.S. Banks in Deposits October 15, 2012Bank of America and JPMorgan Chase are second and third, respectively.
Greek Banks NBG, Eurobank in Merger Talks October 05, 2012Two of Greece's biggest banks,
National and Eurobank, are in merger talks
to create the country's biggest lender, banking sources said on
Friday. MasterCard Acquires Truaxis September 07, 2012 More Bank M&A: Scotiabank to Acquire ING Direct of Canada August 30, 2012The deal is worth approximately $3.126 billion Canadian in cash.
Bank M&As Pick Up Steam: Hudson City to Merge with M&T Bank August 27, 2012Hudson City to merge with M&T Bank; $3.7 billion deal creates combined network of 870 branches stretching from Connecticut to Virginia. IBM to Acquire Texas Memory Systems August 16, 2012The Houston-based company is an enterprise storage technology provider.
Royal Bank of Canada Completes Acquisition of Global Investor Services Business July 27, 2012Dexia Investor Services Limited will be rebranded as RBC Investor Services.
12 Bank Acquisition Deals So Far in June June 21, 2012According to SNL Financial, there have been 99 M&A deals in the banking industry in 2012 so far. Misys to Merge With Turaz June 01, 2012Vista Equity Partners has finalized its $2.6 billion all-cash takeover of the U.K. financial services vendor, and announced it will merge the company with business banking software provider Turaz. CGI To Acquire Logica May 31, 2012The Canadian IT services firm will spend $1.7 billion British Pounds on the acquisition. SAP Buys Ariba for $4.3 Billion May 23, 2012The move by SAP to acquire the cloud-based business commerce network positions it in a fast-growing segment.