Managers of Wealth Americas

Bank expands footprint with $4M acquisition

A bank in the region has acquired a one-branch bank in a $4-million deal to expand its presence near the lakeshore.

Ziraat Bank’s New York branch quits retail banking after FED pressure

Turkey's state-run Ziraat Bankası New York branch, which has been subjected to strict US Federal Reserve (Fed) inspections over accusations of illegal money transfers, has told its customers that it is quitting retail banking.

AmericanWest Bank to merge with Banner

Banner Bank is merging with a regional bank that will create a company with about 190 branches and $9.7 billion in assets.

Citi to lay off 450 on Far West Side

Citi is laying off 450 workers at its operations on the city’s Far West Side.

Big banks giving up on their global ambitions

Almost 10 years ago to the day Citigroup’s then chief executive Chuck Prince started his global apology tour, aimed at mending relationships with regulators and bolstering Citi’s reputation.

Iberiabank Set to Acquire Florida Bank Group

Total cash consideration is around $39.4 million

Signature Bank Named Best Business Bank

Bank Also Ranked Second in Best Private Bank and Best Attorney Escrow Services Provider Categories

Citigroup Agrees to Sell 41 Texas Branches to BB&T

BB&T will pay a 5.3 percent premium to book value on about $2.3 billion in deposits, according to a separate statement from the Winston-Salem, North Carolina-based lender.

Hanmi Financial Completes Acquisition of Central Bancorp

Hanmi becomes the second largest Korean American Bank in the United States

M&T-Hudson City Merger Still Stalled After Two Years

Two years ago Wednesday, M&T Bank Corp. announced the largest acquisition in its 158-year history, a $3.7 billion deal to buy Hudson City Bancorp.

MB Financial Merges Cole Taylor Bank Into MB Financial Bank

MB Financial Inc. is the Chicago-based holding company for MB Financial Bank, N.A.

AmEx profits rise as Americans won’t leave home without it

Card member spending rose nine per cent globally, after adjusting for foreign currency, compared to seven per cent growth in the preceding quarter and eight per cent growth in the second quarter last year.

CIT to buy OneWest Bank for more reliable funding source

U.S. small-business lender CIT Group Inc said it would buy California bank OneWest Bank NA for $3.4 billion in cash and stock, a deal that will give CIT a more reliable source of funding.

Washington Trust Reports Second Quarter 2014 Earnings

Washington Trust Bancorp, Inc. parent company of The Washington Trust Company, today announced net income of $9.8 million, or 58 cents per diluted share, for the second quarter of 2014, up from first quarter of 2014 net income of $9.3 million, or 55 cen

RBC Wins Prestigious Retail Banker International Award

The annual RBI Awards are a well-established global competition and highly regarded within the industry as a mark of exceptional performance.

Citic may give up US bank branches

The main restructuring involves injecting $37bn of assets from China into Citic’s Hong Kong listed unit, Citic Pacific.

Banks moving away from bricks and mortar

Florida banks shut the doors on 168 branches last year, the most in any state.

RBS's US business files for $100m IPO

Citizens is expected to increase that amount substantially once bankers start testing investor demand.

First American Bank and Bank of Coral Gables Announce Merger

First American Bank, headquartered in Elk Grove Village, IL with 49 branches throughout the Chicago metropolitan area and assets of $3.4 billion, has announced a merger with the Bank of Coral Gables, a community-based bank located in Coral Gables, FL.

SunTrust Reports First Quarter 2014 Results

Continued Loan Growth, Disciplined Expense Management, and Asset Quality Improvements Help Drive Solid Results

Retail Banking