$FMER (FirstMerit Corporation)

$FMER {{ '2016-06-14T14:19:21+0000' | timeago}} • Announcement

$FMER and $HBAN said that each company's shareholders have approved the proposed merger of FirstMerit into Huntington. The two anticipate completing the merger within the third quarter following receipt of regulatory approval and satisfaction of customary closing conditions.

$WBS {{ '2017-07-25T14:01:52+0000' | timeago}} • Announcement

The BoD of $WBS declared a quarterly cash dividend of $0.26 per share on its common stock. The dividend will be payable on Aug. 21, 2017 to shareholders of record on Aug. 7, 2017.

$TCBI {{ '2017-07-20T16:18:53+0000' | timeago}} • Announcement

$TCBI elected Jonathan Baliff to its BoD. Baliff currently serves as President, CEO and a director of Bristow Group Inc., positions he has held since July 2014.

$BAC {{ '2017-07-18T18:18:01+0000' | timeago}} • Webcast

$BAC said it does not consider M&A as a capital strategy. It said the company has been grown organically by investing in cash major capabilities and hence, it does not want to be distracted by acquisitions.

$BAC {{ '2017-07-18T17:11:25+0000' | timeago}} • Webcast

$BAC said total loans in 2Q17 were up 2% YoY, adding that sale of UK card lowered average loan by 2.9Bil. Loan growth was reduced by continued run-off consumer real estate loans during the quarter. However, loans in the business segment were up $39Bil or 5%, led by consumer banking. $BAC continues to see good growth in residential mortgages.

$BAC {{ '2017-07-18T13:11:59+0000' | timeago}} • Infographic

$BAC Bank of America Corporation Earnings AlphaGraphic: Q2 2017 Highlights

$BAC {{ '2017-07-18T12:24:18+0000' | timeago}} • Announcement

Revenue increased 9% to $8.5Bil in $BAC's Consumer Banking segment in 2Q17. Meanwhile, revenue rose 6% to $4.7Bil in Global Wealth and Investment Management, and 7% to a record $5Bil in Global Banking. Global Markets was a dark spot, with a revenue decline of 8% to $3.9Bil, driven by lower sales and trading results.

$BAC {{ '2017-07-18T12:12:51+0000' | timeago}} • Announcement

$BAC, the second-largest US lender by assets, said its sales and trading revenue was $3.2Bil in 2Q17, including negative net debit valuation adjustment of $159MM. Excluding net DVA, sales and trading revenue was down 9%YoY. Meanwhile, fixed income trading unit showed a decline of 14% during the quarter.

$BAC {{ '2017-07-18T12:03:28+0000' | timeago}} • Announcement

Despite a fall in trading, banking major $BAC reported higher revenue and net income in 2Q17, helped by growth in its largest unit - Consumer Banking. Total revenue grew 7% to $22.8Bil, while net income increased 10% to $4.9Bil, or $0.46 per share. Meanwhile, net interest income rose 9% to $11Bil, reflecting benefits from higher interest rates.

$WBS {{ '2017-07-10T18:37:10+0000' | timeago}} • Announcement

$WBS has named Alice Ferreira as SVP of Corporate Communications and Public Affairs. She reports to EVP and Chief Marketing Officer Dawn C. Morris.

$WBS {{ '2017-06-30T19:12:40+0000' | timeago}} • Announcement

$WBS said Webster Bank has appointed John H. Driscoll Jr. as Regional Market Executive for its Hartford and New Haven offices. He will report to Peter M. Gabriel, SVP, Head of Private Banking.

$BAC {{ '2017-06-29T13:13:13+0000' | timeago}} • Announcement

$BAC received no objection from the Federal Reserve for its capital plan. The plan includes its intention to lift quarterly dividend by 60% to $0.12 per share, beginning in 3Q17, and its authorization to repurchase of $12Bil of common stock from July 1, 2017 through June 30, 2018.

$WBS {{ '2017-06-27T17:45:43+0000' | timeago}} • Announcement

Webster Bank, a subsidiary of $WBS, said it led senior commercial mortgage financing for White Plains, New York-based CG IX LLC, a subsidiary of CampGroup LLC, a family-owned operator of 15 summer camps in six states. The loan will refinance existing debt and support future capital projects.

$BAC {{ '2017-06-16T15:02:25+0000' | timeago}} • Announcement

$BAC's BoD authorized a regular quarterly cash dividend of $18.125 per Series L 7.25% Non-Cumulative Perpetual Convertible Preferred share. The BoD also authorized regular quarterly cash dividend of $0.3875 per Series CC 6.20% Non-Cumulative Preferred share. The dividends are payable on July 31 to shareholders of record as of July 1.

$PNFP {{ '2017-06-16T13:27:38+0000' | timeago}} • Announcement

$PNFP closed its merger with BNC Bancorp. $PNFP will operate BNC Bank/Bank of North Carolina as a division of Pinnacle Bank until late 3Q17. BNC’s President and CEO Rick Callicutt is now $PNFP’s Chairman of the Carolinas and Virginia. The combined company has total assets of more than $20Bil, $14Bil in loans and $15Bil in deposits.

$WFC {{ '2017-06-13T21:31:11+0000' | timeago}} • Announcement

$WFC said Andrew Rowe has been selected as head of its Community Banking Customer Segments team, to join Wells Fargo in September. Rowe will join Wells Fargo from $BAC, where he most recently served as Consumer Risk Executive for consumer products and channels.

$RE {{ '2017-06-13T10:04:42+0000' | timeago}} • Announcement

S&P MidCap 400 constituent $RE will replace $MJN in the S&P 500, while S&P SmallCap 600 constituent $PNFP will replace $RE in the S&P MidCap 400. In turn, $AHH will replace $PNFP in the S&P SmallCap 600 index.

$PNFP {{ '2017-06-12T22:15:02+0000' | timeago}} • Announcement

$PNFP and $BNCN have received shareholder approval for their proposed merger. The transaction is expected to close in 2Q17. $BNCN’s bank subsidiary, Bank of North Carolina, and Pinnacle Bank are expected to merge immediately following the merger. A full brand change of all $BNCN offices and services is expected late in 3Q17.

$BAC {{ '2017-05-31T13:26:37+0000' | timeago}} • Announcement

$BAC expects to complete sale of its consumer credit card business in U.K., MBNA Ltd., to Lloyds Banking Group on June 1, ahead of schedule. Upon closing, $BAC expects to record a minimal after-tax gain associated with the sale. The transaction does not impact its global commercial card business, which is part of Global Transaction Services.

$TCBI {{ '2017-05-31T10:50:50+0000' | timeago}} • Announcement

$TCBI announced that Peter Bartholow, the company's CFO and COO will retire at the end of 2017. Julie Anderson, who is currently Texas Capital Bank's CFO, will be promoted as $TCBI CFO effective July 1, 2017.  Bartholow will remain COO and a member of the BoD until his retirement.

$PRAA {{ '2017-05-22T11:51:42+0000' | timeago}} • Announcement

$PRAA announced its intention to offer $300MM aggregate principal amount of convertible senior notes due 2023. PRA Group intends to use a portion of the net proceeds from the offering to repurchase between approximately $30 to $45MM of shares of its common stock concurrently with the pricing of the offering in privately negotiated transactions.

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