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Financial Services - Articles

May 15, 2019

How to plan a successful recapitalization strategy

Recapitalization — the process of changing a company’s capital structure through the issuance of new debt or equity securities — is a popular way to fund acquisitions, growth strategies, partner...

By Mark Scott

May 9, 2019

Charles Huebner Digs Deep To Make Investments Deals Work For Clients

The founder of Pointe Capital Management talks about the forces that drove the launch of his investment management firm and the value of being a dealmaking sleuth....

By Mark Scott

May 7, 2019

Federated Investors buying $14B in assets from PNC Financial Services

The proposed deal includes the reorganization of PNC’s family of liquidity, equity and fixed-income mutual funds into Federated funds; the acquisition of part of PNC’s separate account and separately managed account business; and the transition of a six-person international equity management team....

By Jayne Gest

May 1, 2019

PNC reportedly selling $54.6B institutional asset manager to Federated

PNC Financial Services Group is in talks to sell PNC Capital Advisors to Federated Investors, according to multiple sources....

By Jayne Gest

May 1, 2019

Pineapple Payments buys Boston merchant services provider

The Pittsburgh-based payments technology company has acquired Boston-based Beacon Payments in a deal that adds more than $1 billion in annual payment processing volume....

By Jayne Gest

April 30, 2019

Life after selling your business will never be the same

Michael Krol, head of wealth advisory at Waldron Private Wealth, discusses post-sale changes that catch many business owners off guard....

By Jayne Gest

April 23, 2019

Honeycomb Credit expands crowd financing model beyond Pittsburgh

How CEO George Cook is blending crowd funding and community banking to change the way small businesses get loans....

By Jayne Gest

April 22, 2019

First Commonwealth to acquire 14 branches in Central Pa.

The acquisition, which brings $525 million of deposits and $120 million of retail and business loans, enables First Commonwealth to expand its Central Pennsylvania footprint....

By Jayne Gest

April 18, 2019

ScaleCo buys control of Budco Financial from Evolution

Scale Community Co. has made its first acquisition, snagging a Detroit-based payment plan program management company that serves the automotive industry....

By Mark Scott

April 18, 2019

Budco Financial bought by Cleveland's ScaleCo.

Scale Community is acquiring the Detroit-based payment plan program management company from Evolution Capital Partners, which is also based in Cleveland....

By Mark Scott

April 16, 2019

Home Point Financial buying wholesale mortgage operation

Ann Arbor-based Home Point Financial is acquiring the wholesale division of Platinum Mortgage Inc., with plans to merge it into its own burgeoning wholesale business....

By Mark Scott

April 10, 2019

Brentwood Bank completes Union acquisition

Brentwood Bank, a wholly-owned subsidiary of Mutual Holding Company of Western Pennsylvania, has completed its acquisition of Union Building and Loan Savings Bank. The combined banks will serve a broader customer group in the Beaver County market....

By Jayne Gest

March 26, 2019

'Merger of equals' will create $1.3B banking institution

ChoiceOne Financial Services, the parent company of ChoiceOne Bank, and County Bank, the parent company of Lakestone Bank & Trust, are merging to form the 12th-largest bank holding company in Michigan....

By Adam Burroughs

March 26, 2019

University Lending Group buys assets of Huron Valley Financial

University Bancorp Inc. subsidiary University Lending Group has acquired certain assets of Huron Valley Financial Inc., a privately held mortgage banking firm also based in Ann Arbor, Michigan....

By Adam Burroughs

January 16, 2019

KeyBank targets millennials with Laurel Road acquisition

KeyBank is set to acquire New York-based Laurel Road Bank’s digital lending business. The deal includes Laurel Road’s platforms for student loan refinancing,  mortgage applications and payments....

By Adam Burroughs

January 10, 2019

Sequoia, LJPR deal finalized

Sequoia Financial Group has completed its acquisition of LJPR Financial Advisors. The merger grows Sequoia's staff from 66 to 91 employees....

By Adam Burroughs

November 30, 2018

Akron, Huntington strike job-saving deal

Through a deal struck by the city of Akron, Huntington Bank will keep 1,200 jobs, a regional headquarters and the associated tax dollars in Akron....

By Adam Burroughs

November 16, 2018

BGL’s Andrew Petryk

Investment banker Andrew Petryk shares his thoughts and observations about how best to prepare for the M&A process and maximize the result....

By Mark Scott

November 9, 2018

Mike Gibbons: Getting 2 deals from 1

Dealmakers who are willing to separate the real estate from the sale of their business and conduct two separate deals often come out ahead....

By Mark Scott

November 8, 2018

Victory Capital lands blockbuster USAA deal

Deal will move the company into the top tier of mutual fund providers and money managers in the country....

By Adam Burroughs

August 24, 2018

Sequoia merges with LJPR Financial Advisors

The Akron-based wealth management firm is merging with a fee-only financial adviser and wealth management firm headquartered in Troy, Mich....

By Adam Burroughs

August 17, 2018

JPMorgan Chase’s Rudy Bentlage

Rudy Bentlage explains the value of transparency in M&A activity and talks about how to know when it’s the right to time to consider selling your business....

By Mark Scott

July 13, 2018

Ancora’s Fred DiSanto

Fred DiSanto talks about his approach to dealmaking, his willingness to take risk and his partnership with Carl Grassi....

By Mark Scott

June 28, 2018

First National Bank’s Boyd Pethel

Boyd Pethel talks about why companies seek outside capital, the tools banks provide to help in this process and what Cleveland needs to do to take the next step in its own evolution....

By Mark Scott

June 14, 2018

Michael E. Gibbons

Mike Gibbons talks about selling a business, his perspective on the growth of the international M&A market....

By Mark Scott

June 1, 2018

Merger results in new First Mutual Bank

First Mutual Holding negotiated an affiliation with Doolin Security Savings Bank and combined it with Belpre Savings Bank....

By Adam Burroughs

May 25, 2018

Fifth Third to buy MB Financial in $4.7B deal

The acquisition of MB Financial was the most logical move from a geographical standpoint to expand their deposit franchise....

By Adam Burroughs

May 11, 2018

Pinnacle Financial acquired by Marcus & Millichap

The Cleveland commercial real estate mortgage brokerage and servicing firm is being acquired by a national brokerage firm....

By Adam Burroughs

April 27, 2018

Fifth Third Bank’s Joe DiRocco

Joe DiRocco talks about what you should know about your business before you pursue your next M&A transaction....

By Mark Scott

April 13, 2018

MelCap Partners’ Al Melchiorre

Investment banker Al Melchiorre talks about the liquidity in today’s marketplace and the importance of being confident in what you’ve achieved when you’re looking to sell your business....

By Mark Scott

April 13, 2018

SunTrust’s Jim Geuther

SunTrust Banks' Jim Geuther talks about “acquihiring” and other important trends revealed in SunTrust’s annual Business Pulse Survey....

By Brooke Bilyj

April 6, 2018

KeyBank to sell Key Insurance to USI Insurance Services

Key Insurance has 350 employees working in eight offices in upstate New York, Pennsylvania and Connecticut....

By Adam Burroughs

February 9, 2018

MAI deal for Calfee marks homecoming

CFA founder Peter Calfee once served as vice president at Investment Advisors International, a precursor to MAI....

By Adam Burroughs

February 8, 2018

KeyBank's Kip Clarke

Sharing lessons from decades of dealmaking experience, KeyBank's Kip Clarke talks about his strategies for mastering the M&A game....

By Brooke Bilyj

January 5, 2018

BNY Mellon’s Ron Ambrogio

Ron Ambrogio explores the conversations that need to take place before a company goes on the market and common oversights that can make it harder to close a deal....

By Mark Scott

November 30, 2017

Brown Gibbons Lang's Michael Gibbons

Investment banker Mike Gibbons to talk about what CEOs need to know right now about selling their businesses....

By Mark Scott

November 17, 2017

Rick Buoncore on buying MAI and having a vision

The MAI Capital Management Managing Partner talks about his experience buying MAI, his vision for the deal and why the Wealth Partners investment makes sense for his firm....

By Mark Scott