M&A grabbed readers'attention this week, including First Mid-Illinois Bancshares Inc.'s $90million deal with First Clover Leaf Financial Corp.
Community banks' chief lobbying group hails it as a victory,but other observers call a recent Financial Accounting Standards Boardconcession a big mistake, Kevin Dobbs noted in this blog post.
FirstMid-Illinois Bancshares, First Clover Leaf Financial strike $90M cash-and-stockdeal
Mattoon, Ill.-based First Mid-Illinois Bancshares Inc. agreed to acquire Edwardsville,Ill.-based First Clover LeafFinancial Corp. in a cash-and-stock deal valued at $12.87 pershare, or a total of approximately $90 million.
PacificContinental buying Wash.-based Foundation Bancorp in $67.1M cash-and-stockdeal
Eugene, Ore.-based Pacific Continental Corp. agreed to acquire Bellevue,Wash.-based Foundation BancorpInc. in a cash-and-stock transaction valued at about $67.1 million,or $13.02 per share.
BOK Financialsays 'little spillover' from oil; investors dubious
BOK FinancialCorp. the largest bank based in energy-centric Oklahoma, remainsoptimistic on its loan growth potential, but it endured notable setbacks duringthe first quarter on the oil-and-gas front, reporting substantial increases incharge-offs and related provision levels.
With 1 deal inhand, Stonegate in pursuit of more
During an April 27 conference call, President and CEO DavidSeleski touted the prospects of the company's pending of , and said itremains in pursuit of another acquisition.