Commercial banks
First Commercial Corporation, a leading bank holding company based in Arkansas, announced its plans to acquire FDH Bancshares, Inc. and its five banks, totaling $382 million in consolidated assets. The acquisition aims to expand First Commercial Corporation's presence in new geographic areas, leveraging the strong market opportunities and
Commercial banks
Union Planters Corporation, a $9.7 billion multi-bank holding company, has announced the acquisition of Eastern National Bank, a Miami-based commercial bank with over $250 million in total assets. The merger, subject to regulatory approval, is expected to be complete by the end of the third quarter of 1995. Eastern
Commercial banks
Duff & Phelps Credit Rating Co. has upgraded the credit ratings of Wells Fargo & Company and its primary subsidiary, Wells Fargo Bank, N.A., reflecting significant improvements in asset quality measures and a reduced risk profile. The upgrade raises Wells Fargo's ratings for senior debt, subordinated debt,
Commercial banks
Den norske Bank, Norway's largest bank, has made an offer to acquire Vital Forsikring AS, Norway's second-largest life insurance company, for NOK 2.96 billion. The bank's Board of Directors has decided to offer Vital's shareholders NOK 110 per share in cash,
Commercial banks
SunTrust Banks, a regional bank holding company, has announced the completion of its acquisition of Peoples State Bank, a $124 million asset institution based in New Port Richey. The merger will bring the total number of offices in Pasco, Citrus, and Hernando counties to 30 and strengthen SunBank's
Commercial banks
Foothill Independent Bancorp, a community bank based in Glendora, California, has announced its expansion into Riverside County with the opening of its 10th branch in Corona. This move is in line with the company's vision to remain a community-focused regional bank in its current counties of Los Angeles
Commercial banks
The dismissal of the lawsuit by William A. Brandt, Jr., bankruptcy trustee for the Chapter 7 estate of Southeast Banking Corporation, against First Union National Bank of Florida and its parent, First Union Corporation, has sparked renewed controversy. Brandt's lawsuit, which was filed to pursue claims against First
Commercial banks
EMC Corporation, a world leader in data storage and retrieval technology, has announced that First Union Corporation, the nation's ninth largest bank holding company, has purchased additional Symmetrix 5500-9 Integrated Cached Disk Arrays (ICDA) for its mission-critical applications. This latest purchase makes First Union the largest EMC data
Commercial banks
CFX Corporation, a bank holding company headquartered in Keene, New Hampshire, has successfully completed the acquisition of Orange Savings Bank, a Massachusetts-chartered savings bank, as of April 28, 1995. The acquisition was part of a definitive agreement signed on July 26, 1994, following the required regulatory approvals and shareholder approval.
Commercial banks
FLAG Financial Corporation and First Federal Savings Bank of LaGrange announced the election of Ellison C. Rudd as a member of its board of directors, increasing its membership to 10 directors with two advisory directors. Rudd brings with him a wealth of experience, having served in various capacities prior to
Commercial banks
First Interstate Bancorp, a leading commercial banking company in the United States, today reported income of $215.0 million, or $2.70 per share, for the quarter ended March 31, 1995, a significant increase of 27% over the year-ago period income, before nonrecurring items. Revenue for the quarter was $905.
Commercial banks
First Interstate's five-state Northwest Region has recorded a 9.5 percent increase in net income for the first quarter of 1995, reaching $55.8 million. This growth can be attributed to the region's focus on customer service and meeting the needs of its customers. The region&
