This week's most-read content includes features on the most recent bank deals and a Data Dispatch discussing how some banks gradually increased their rates on certificates of deposits ahead of rate hikes.
Some banks selectively using CD specials to build deposits ahead of rate hikes
Banks gradually raised certificates of deposit rates following the Federal Reserve meeting in March, and a few institutions have notably increased their offerings.
New York Community CEO blames SIFI for Astoria deal falling through
New York Community Bancorp Inc. President and CEO Joseph Ficalora said the specter of becoming a SIFI gave regulators pause and delayed its deal to buy Astoria Financial Corp., a transaction that the two parties agreed to drop late in 2016.
With deal, Southside Bancshares beefs up in East Texas
With its planned acquisition of Diboll State Bancshares Inc., Southside Bancshares Inc. could expand its presence in East Texas, while picking up low-cost deposits to fuel profitable loan growth, its CEO said.
First Foundation buying Community 1st Bancorp
The all-stock deal, valued at approximately $50.4 million, will expand First Foundation Inc.'s presence in the Greater Sacramento, Calif., market.
Indiana-based Horizon to acquire Michigan-based Wolverine