Invesco open to M&A opportunities; Old National Bancorp hunting for talent

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Invesco open to M&A opportunities in the alternative space

Invesco Ltd. executives said the company would still be open to a potential M&A acquisition in the alternative space despite the fact that its primary focus is the organic growth within its private markets sector.

Old National Bancorp hunting for commercial, wealth management talent

Old National Bancorp is on the hunt for talent across its footprint, and it is willing to pay top dollar for that talent even among wage inflation pressures, executives said on the company's first-quarter earnings call.

Northern Trust expects deposit outflows, will price to retain key balances

Northern Trust Corp. expects higher interest rates to eventually drain deposits from its portfolio, and the bank said it will make deposit pricing decisions with an emphasis on holding onto valuable operational balances.

HTLF 'very focused' on organic growth but open to M&A

Amid ongoing efforts to consolidate its 11 separate bank charters into a single one, Dubuque, Iowa-based Heartland Financial USA Inc. is "very focused" on organic growth but still remains open to M&A, President and CEO Bruce Lee said April 25 on the company's first-quarter earnings call.

US community banks' earnings growth challenged despite margin rebound

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More highlights

* The Consumer Financial Protection Bureau is looking to use a "largely unused" legal provision that authorizes it to scrutinize nonbank financial companies that could pose risks to consumers.

* Honolulu-based First Hawaiian Inc. Chief Risk Officer Ralph Mesick expects the company's net interest margin to increase by a few basis points in the second quarter thanks to the Federal Reserve's March rate hike offsetting a decline in Paycheck Protection Program fees and interest.

* BM Technologies Inc. on April 18 received notice from NYSE Regulation of its noncompliance with the continued listing standards of the NYSE American LLC under the timely filing criteria due to its failure to timely file its 2021 annual report.

* B. Riley Securities Inc., a unit of B. Riley Financial Inc., appointed Ji Pak and Mary Jo Collins to its fixed income division.

Chart of the day

Community bank margins will jump as the Federal Reserve raises short-term interest rates, but earnings are unlikely to grow in 2022 and 2023 as credit costs normalize and fee income declines, according to the newly released U.S. Community Bank Market Report.

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