- Legal developments
ORDERS ISSUED UNDER BANK HOLDING COMPANY ACT Orders Issued Under section 3 of the Bank Holding Company Act Allied Irish Banks, p.l.c. Dublin, Ireland Order Approving Acquisition of Shares of a Bank Holding Company Allied Irish Banks, p.l.c. ("Allied Irish"), a bank holding company within the meaning of the Bank ......
- Legal developments
HEADNOTE FINAL RULE-REMOVAL OF RESERVE BANK DIRECTORS-ACTIONS AND RESPONSIBILITIES The Board of Governors is removing 12 C.F.R. Part 264a (Reserve Bank Directors-Actions and Responsibilities). The regulation has been superceded by a regulation of the Office of Government Ethics (Interpretation, Exemptions and Waiver Guidance Concerning 18 U.S.C. 208 (Acts Affecting A ......
- Interstate bank mergers and their impact on
shareholder returns: evidence from the 1990s.
Introduction Merger activity in the commercial banking industry has expanded at a rapid pace over the past several years, particularly in the area of interstate mergers. Among the factors that have contributed to this recent explosion of merger activity are the loosening of interstate restrictions by states and the much-improved ......
- Banking markets and interstate entry in the
Southeastern United States.
Introduction The issue of the competitive consequences of multibank holding company entry into intrastate banking markets has received much interest in the literature (Boczar, 1977; Schweitzer and Green, 1979; Rose and Savage, 1983; Duncan, 1985; Hooks and Martell, 1985; Lawrence and Watkins, 1986; and Thomas and Rivard, 1990). These works ......
- Fulton Financial Corp. to acquire Resource Bankshares Corp. for 3.0 times revenue
The Deal: Fulton Financial Corporation has agreed to acquire Resource Bankshares Corporation in a stock transaction. Fulton will issue 2.2 shares of its stock in exchange for each share of Resource Bankshares. Based on recent closing prices, the deal values Resource Bankshares at $45.03 per share. The deal remains subject ......
- FEDERAL RESERVE WEEKLY FILINGS
Sept. 1: National City Corp., Cleveland, filed to merge with MAF Bancorp, Inc., Clarendon Hills, Ill., and thereby acquire its subsidiaries, Mid America Bank, fsb, Clarendon Hills, and St. Francis Equity Properties, Inc., Brookfield, Wis. Comerica Bank, Detroit, authorized to establish a branch in San Diego. The bank also filed ......
- Billion-Dollar Banks
NATIONAL CITY BANK OF INDIANA, INDIANAPOLIS Assets: $21.2 billion The National City Bank name came to the northern two-thirds of the state in 1992, when National City Corp., acquired Merchants National Corp., a holding company for several longtime Indiana banks led by Merchants National Bank of Indianapolis. Today, National City ......