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Coronavirus scuttles bank merger in Michigan

01:15pm, Thursday, 25'th Jun 2020
Arbor Bancorp and FNBH Bancorp said the pandemic had created uncertainty about the regulatory process for securing approval for the deal.
The bank said it would like to use its new capital to pursue acquisitions. This could mean a huge deal that could transform the Boston banking scene.
United Capital Financial Advisers LLC trimmed its stake in shares of Independent Bank Group Inc (NASDAQ:IBTX) by 38.4% during the first quarter, according to its most recent disclosure with the Securi

Ally's deal to acquire CardWorks called off

08:55pm, Wednesday, 24'th Jun 2020
The companies said the "meaningful impacts" of the coronavirus pandemic led them to terminate the $2.7 billion deal.
COVID-19 concerns exacerbate a long-running dilemma: There are more prospective buyers than sellers.
Two Sigma Investments LP raised its stake in shares of Independent Bank Co.(MI) (NASDAQ:IBCP) by 32.5% in the first quarter, according to the company in its most recent disclosure with the SEC. The fi
There are fewer partners for mutual savings banks to merge with, and it's more difficult for them to compete with other acquirers.

East West Mortgage Announces New President

12:00am, Friday, 19'th Jun 2020
East West Mortgage announced today that Steven Borgerson has been appointed President. “We believe Steve is the ultimate fit for the East West Mortgag
The Board of Directors of Independent Bank Corp. (Nasdaq Global Select Market: INDB), parent of Rockland Trust Company, today announced a $0.46 per share dividend. The dividend will be payable on July
The bank is joining a prestigious stock index.
Eastern Bank in Boston could raise as much as $1.7 billion to spend on acquisitions and technology investments that it says will be necessary to respond to customers' increasing preference for digital
The Board of Directors of Independent Bank Corp. (Nasdaq Global Select Market: INDB), parent of Rockland Trust Company, today announced a $0.46 per sh
The collection is made up of 165 location-based entries that delve into the details of local movements related to labor, race, abolition, queer rights, and more.
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