Banking industry
Wachovia Corp., a banking company based in Winston-Salem, N.C., plans to purchase Republic Security Financial Corp., a bank-holding company based in West Palm Beach, Fla. The proposed acquisition will provide Wachovia with access to several major new markets, including Miami, and expand its presence in Florida. Republic Security'
Banking industry
Wachovia Corporation, a leading financial holding company, has announced a definitive agreement to acquire Republic Security Financial Corporation, a bank holding company based in West Palm Beach, Florida. The acquisition is structured as a purchase with a total purchase price of $344 million in Wachovia common shares. The transaction is
Banking industry
Investor Broadcast Network (IBN) has paved the way for innovative investor relations by broadcasting conference calls in real-time over the internet. On October 25, 2000, three prominent companies, Westcorp, Citadel Communications Corporation, and Barringer Technologies Inc., utilized IBN's platform to reach investors and analysts worldwide. This groundbreaking approach
Banking industry
Wells Financial Corp., the holding company of Wells Federal Bank, announced third quarter earnings of $426,000, down from $444,000 in the same period of 1999. Despite the decrease, the company reported a 20% increase in basic earnings per share to $0.36, and a 21% increase in diluted
Banking industry
Ryan, Beck & Co., a subsidiary of BankAtlantic Bancorp, has announced the completion of an initial public offering of 11,135,140 shares of common stock at $10 per share for Waypoint Financial Corp. The merger of York Financial Corp. with Harris Financial, the predecessor to Waypoint Financial, will also
Banking industry
The Classic Auto Group of Mentor has expanded its dealership fleet to 17 with the acquisition of Lawson Ford/Mercury of Chardon, renaming it Classic Ford/Mercury of Chardon and adding the Mercury brand to its portfolio. In the marketing sector, the merger of Madison Avenue West and Farris &
Banking industry
Washington Mutual, a financial services company, announced that it will no longer surcharge at its ATMs in California, effective immediately. This move comes despite a court decision striking down legislation banning ATM surcharge fees. The company's move is seen as a response to consumer demand for a more
Banking industry
STC's e*Gate Integrator has been licensed by the National Bank of Abu Dhabi (NBAD), the largest financial services institution in the United Arab Emirates, to facilitate online banking activities. The e*Gate Integrator, a central component of STC's e*Xchange eBusiness Integration suite, will streamline
Banking industry
PNC Financial Services Group, one of the nation's largest diversified financial services organizations, has agreed to sell its mortgage arm, PNC Mortgage Corp., to Washington Mutual, Inc. The acquisition will give Washington Mutual a significant boost in its residential mortgage business, with PNC Mortgage holding approximately $7 billion
Banking industry
XpenseWise.com, a cutting-edge online marketing platform for consumer service organizations, has announced a strategic investment from America Online, Inc. This significant milestone comes on the heels of XpenseWise's initial round of funding, led by TD iCapital, a venture fund sponsored by TD Capital and financial services giant
Banking industry
Despite denying any involvement in merger talks, Republic Security Financial Corp. is reportedly considering a sale to an out-of-state bank, possibly Wachovia Corp. of North Carolina. Republic Security Chairman and Chief Executive Rudy Schupp refused to comment on the speculation, saying, "We never comment on rumors." If a
Banking industry
North Fork Bancorp Inc.'s planned takeover of Dime Bancorp Inc. has stalled, with Wall Street experts predicting the company will drop its $2.3 billion hostile bid as a result of dwindling shareholder support and Dime's refusal to engage in negotiations. Despite this, North Fork may
