All articles by Charles Davis
Charles Davis
Another deal for Grandpoint: Southern Arizona Community Bank
A quest to tap local markets has made Grandpoint Capital one of the most culturally diverse banking companies in the US Grandpoints acquisitions of minority-focused banks have caught the attention of analysts because minority-focused banks historically are sold to similar competitors
BofA expands Merill Edge brokerage
Bank of Americas Merrill Edge subsidiary is planning to hire an additional 600 advisers as it seeks an increased market share of the mass affluent segment: customers with up to $250,000 to invest, reports Charles Davis.
Perfecting the buddy system
US Bank, the Minnesota-based regional lender that is quickly turning into a first-tier national bank, has been on an unprecedented acquisitive streak of late: two years ago the bank began a string of FDIC-assisted and other opportunistic deals, adding 150 branches and $119bn in deposits From the absorption of two Southern Californian thrifts and the former Colonial Bank branches acquired from BB&T, to the integration of nine separate banks from the failed FBOP Corporation purchased in a loss-sharing arrangement in 2009, US Bank has perfected the art of the deal.
Huntington goes in-store to boost footprint
Ohio-headquartered Huntington Bancshares has partnered with retailer Giant Eagle to expand its distribution footprint, and kicked off a two-year, $70m branch upgrade programme Charles Davis talks to Huntington senior vice-president Cindy Keitch about the banks ambition to become the biggest bank in its home state. Signalling a recovery from a tough 2009, Huntington Bancshares has posted consecutive profitable quarters and launched an aggressive new thrust into Ohio grocery stores.
TCF vs FED
Regional lender TCF has long enjoyed a reputation for punching above its weight in the cards sector That success is under threat from the Feds proposals to regulate interchange fees As Charles Davis reports, TCF is not just aggrieved by the new legislation: it has kicked off legal action against the Fed.
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Rewards just to enter a store
Shopkick, a Palo Alto, California-based startup funded by some of Silicon Valleys deepest wallets including venture capital firm Greylock Partners and Reid Hoffman, founder of LinkedIn and a leading investor in Facebook and Zynga brings the power of the mobile internet to the retail experience.
First Citizens leaps into US top 50
First Citizens Bancshares is a name unfamiliar to most bank watchers but its path towards the top of the bank rankings has been based on policies that many say are needed in the aftermath of the Great Recession.
Sears targets the ‘disenfranchised’
Once a financial services titan, Sears Holding Corp is attempting to regain a foothold in consumer banking Its goals are more humble than its last iteration a failed 2002 bid to gain an industrial bank charter but its strategy hews more closely to its retail footprint this time around, reports Charles Davis.
Scotiabank targets Puerto Rican growth
The seizure of three Puerto Rican banks in April, accounting for about 20 percent of the islands banking assets, cost the Federal Deposit Insurance Corporation insurance fund more than $5 billion
Mango gets fruity with finance
US-based Mango Financial is the latest to venture into the banking world with a trendy faade that resembles a clothing or smoothie store rather than a typical financial institution Charles Davis spoke to Bertrand Sosa, the entrepreneur behind the fruit-influenced bank about its drive to serve the unbanked population. Take one look at a Mango Store, and you think hip urban clothier, or trendy technology store