This week's most read content includes features on three bank deals, and a look at the recent increase in mortgage rates.
Mortgage rate spike shutters refinance boom
Higher mortgage rates since the election of Donald Trump have hurt refinancing activity, but researchers expect home prices to be largely unaffected. An increase in the fed funds rate is unlikely to change the landscape.
Acquisitive Pacific Premier inks biggest bank deal to date
Pacific Premier Bancorp Inc. struck its fifth open-bank deal in as many years. The $405.6 million buyout of Heritage Oaks Bancorp would boost its asset size by roughly 50%. Investors showed some concern about the deal price.
Simmons First extols latest bank deal, but investors balk
Simmons First National Corp. executives lauded their second announced bank acquisition in as many months, but investors recoiled on pricing concerns.
Va. banks tout MOE as marriage of 'great' deposits, 'phenomenal' markets
Southern National Bancorp of Virginia Inc. and Eastern Virginia Bankshares Inc. are merging into one larger community bank that can capitalize on Eastern Virginia's low-cost deposit base to fuel lending in Southern National's economically vibrant footprint.
Wells Fargo's 'living will' failure shows preference for controversial strategy
Regulators failed Wells Fargo's "living will" test, showing a clear preference for a single-point-of-entry strategy that some have criticized as codifying too-big-to-fail.