Amongthis week's most read content are features on recent bank deals and aninterview with Kevin Riley, president and CEO of First Interstate BancSystemInc.
WesBancoto expand with $221M deal — but not too much
WesBancoInc. expects to sell about $200 million in securities to stay under the $10billion level through the end of 2016. A future deal could surge the bankbeyond this key asset threshold.
Signs ofM&A momentum in Seattle
An increasing appetite among banks to expand inhigh-performing markets is fueling M&A talks in the Seattle area. And now,with bank stocks recovering from the beating many endured early in 2016, buyershave stronger currencies with which to make offers.
FirstInterstate BancSystem Inc. preparing for ‘transformational’ deal, CEOsays
FirstInterstate BancSystem Inc. President and CEO Kevin Riley spoke withS&P Global Market Intelligence about the company's $34.2 million dealannouncement in April to acquire Flathead Bank of Bigfork Montana, shortly before it announcedfirst-quarter financial results.
Forsuperregionals, the loan loss provision struggle is real
A few months after the threat of $20-per-barrel oiland the losses bank stocks suffered amid broader market volatility, U.S.superregional banks still managed to report year-over-year revenue growth.
Investors shows deal discipline in 1st buy followingsecond-stage
Investors Bancorp Inc. has found its "single"base hit in its first deal after shedding its mutual holding company status,management said on a May 4 call following its announced acquisition ofBank of Princeton.