Banks

First Merchants Corporation and Community Bancshares, Inc. announce signing of a definitive merger agreement

First Merchants Corp and Community Bancshares Inc:Executes a definitive agreement whereby Community Bancshares will merge with and into First Merchants and its wholly-owned bank subsidiary, Community Bank, will merge with and into First Merchants Bank, N.A.Transaction is expected to be completed in...

Tuesday, 22 Jul 2014

BBCN Bancorp Inc increases quarterly cash dividend 33.3 pct to $0.10 per share

BBCN Bancorp Inc:Board of Directors approved 33.3 pct increase in quarterly cash dividend to $0.10 per share from $0.075 per share.Payable on or about Aug. 15 to all stockholders of record as of close of business on Aug. 1.

Tuesday, 22 Jul 2014

CIT Group to acquire OneWest Bank for $3.4 bln in cash and stock

CIT Group Inc:Enters into a definitive agreement and plan of merger with IMB Holdco LLC, the parent company of OneWest Bank N.A. for $3.4 bln in cash and stock.Expects the transaction to be 20pct accretive to earnings per share in 2016 generating an internal rate of return (IRR) of 15pct.IMB Holdco...

Tuesday, 22 Jul 2014

Banco Bilbao Vizcaya Argentaria SA announces acquisition of Catalunya Banc, S.A.

Banco Bilbao Vizcaya Argentaria SA:Says that the Management Commission of the Banking Reestructuring Fund has accepted company's bid in the competitive auction for the acquisition of Catalunya Banc, S.A.Says as a consequence, the company has executed a sale and purchase agreement with FROB, by...

Tuesday, 22 Jul 2014

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