Commercial banks
F&M Bancorporation, a multi-bank holding company in Kaukauna, Wisconsin, has completed its acquisition of the Bank of South Wayne, a move that will enable the company to better serve the financial needs of communities in southwestern Wisconsin. With the addition of the Bank of South Wayne, F&
Commercial banks
Regions Financial Corporation and First Commercial Corporation have jointly announced that they have signed a definitive agreement for the merger of First Commercial into Regions. The combined entity will become the nation's 26th largest banking company, with assets of $32.8 billion and 667 banking locations in nine
Bank holding companies
Interchange Financial Services Corp. (AMEX:ISB), the parent company of Interchange State Bank, has signed a definitive agreement to acquire The Jersey Bank for Savings (Jersey) in a merger of Jersey into Interchange State Bank. This acquisition is a strategic move to reinforce Interchange's position as the largest
Bank holding companies
Long Island Bancorp, Inc., the holding company for The Long Island Savings Bank, FSB, reported a solid financial performance for the first quarter of 1998, with record net income of $13.2 million or diluted earnings per share of $0.57. This represents the seventh consecutive quarter of increased earnings
Bank holding companies
The boards of directors of Bank of Montreal and Royal Bank of Canada have announced a definitive agreement to merge the two banking groups, creating a new Canadian-based, internationally competitive bank with a strong North American platform. The merger aims to ensure that Canadians retain a home-grown choice that can
Bank holding companies
Standard & Poor's has maintained the ratings of Bank of Montreal and Royal Bank of Canada stable despite the banks' decision to merge their operations through a stock pooling. The combined entity, valued at approximately US$315 billion in assets, will become the second-largest bank in North
Bank holding companies
PennFed Financial Services, the holding company for Penn Federal Savings Bank, has announced a 2 for 1 stock split in the form of a 100% stock dividend. This move aims to enhance stockholder value and make the company's common stock more appealing to both private and institutional investors.
Bank holding companies
As of January 14, William C. Jennings, who had been with First Federal Savings Bank for over 34 years, is retiring from day-to-day operations to be replaced by Danny A. Garland as President and Chief Executive Officer of the Bank. Jennings will continue to serve as President of Frankfort First
Commercial banks
NationsBank Corporation has completed the largest-ever acquisition in the banking industry with the closing of its purchase of Barnett Banks, Inc., creating a preeminent banking company in Florida and the third-largest in the United States. The combined entity now spans 16 states and the District of Columbia, with over 3,
Commercial banks
Sumitomo Trust & Banking Co. (U.S.A.), a subsidiary of Japan's largest bank, The Sumitomo Trust & Banking Co. Ltd., with total trust assets of US$263 billion as of March 1997, has selected SunGard Asset Management Systems as its software solutions partner for its new millennium.
Commercial banks
The merger between Resource Bancshares Mortgage Group, Inc. (RBMG) and Resource Bancshares Corporation has been approved by their stockholders, paving the way for the two companies to combine their operations. The proposed merger, which was first announced in 1997, will result in stockholders of Resource Bancshares Corporation receiving 1.13747
Commercial banks
The Board of Directors of Patapsco Bancorp, Inc., the parent company of The Patapsco Bank, has declared a cash dividend in the amount of $0.10 per share. This decision was made in light of the company's financial condition and results of operations. The dividend will be payable
