RAIT acquires Pinnacle Oct 8, 2008
When Hudson United Bancorp acquired JeffBanks, Greenblatt bought Hudson's interest out of Pinnacle. "We made the decision that we needed to be with a parent that was committed to the real estate financing industry," Greenblatt added about merging with RAIT Investment. (Philadelphia Business Journal, PA)
The Citizens Savings Bank Acquires the Ohio Offices and Deposits of AmeriBank in St. Clairsville, Dillonvale and Tiltonsville Sep 20, 2008
Scott A. Everson, President and CEO of The Citizens Savings Bank stated, "The accounts of AmeriBank's local individual and business depositors will continue to be insured up to the FDIC limits with The Citizens Savings Bank at their current rates for the remaining terms of their present deposit agreements. Quite simply, there is no need for local customers to change their banking relationship to retain their deposit insurance. The Citizens Savings Bank is well capitalized under bank capital... (PR Newswire)
Tape with bank records ‘lost' Aug 21, 2008
The tape contained information from all five banks in the former United Bancorporation, which has recently been sold to Wells Fargo. Customers from all (United Bancorp) banks were affected, Ross said. (Cody Enterprise, WY)
1st United closes on Citrus Bank purchase Aug 16, 2008
1st United Bancorp said it has closed on the purchase of the branch network, substantially all of the deposits and much of the loan portfolio of Vero Beach-based. Citrus Bank s South Florida branches in Boca Raton, North Miami Beach and Coral Gables will be closed at the end of October, a press release said. (South Florida Business Journal, FL)
CIB Marine closes on Citrus Bank sale Aug 16, 2008
1st United Bancorp said it has closed on the purchase of the branch network, substantially all of the deposits and much of the loan portfolio of Vero Beach, Fla. -based from of Pewaukee. (Milwaukee Business Journal, WI)
TD Bank pledges $676M in housing funds Jul 3, 2008
Over the past three years, according to Gregg Braca, Metro president of Commerce Bank, there had been a total commitment of approximately $500 million toward housing and community development between Commerce and the former Hudson United Bancorp of Mahwah, another New Jersey bank acquired by TD Bank. "This is our risk-based capital," Braca said. (NJ.com -- Times)
Memo shows who will hold key positions in TD Commerce merger May 23, 2008
Wendy Suehrstedt, who headed small business lending and cash management at TD Banknorth and led the bank's mid-Atlantic market after its 2005 purchase of Hudson United Bancorp, will be in charge of government lending for the combined entity and small business lending for the TD footprint. The corporate functions are dominated by TD Banknorth executives, who will report to both Masrani and executives at Toronto-based TD Bank Financial. (Philadelphia Business Journal, PA)
CIB Marine selling Citrus Bank to 1st United Apr 5, 2008
-based 1st United Bancorp, while Citrus Bank is based in Vero Beach, Fla. At the end of last year, Citrus Bank had about $125 million in assets, $71 million in loans and $103 million in deposits. (Milwaukee Business Journal, WI)
1st United Bancorp, Inc. Announces Agreement to Acquire Citrus Bank Branch Network Apr 4, 2008
April 3, 2008 /PRNewswire/ -- 1st United Bancorp, Inc. ("1st United") announced today that its subsidiary, 1st United Bank, a Florida chartered commercial bank ("1st United Bank") and CIB Marine Bancshares, Inc. ("CIB") have entered into a Purchase and Assumption Agreement (the "Agreement") whereby 1st United Bank will acquire the branch network, substantially all of the deposits and much of the loan portfolio of Citrus Bank, N.A. ("Citrus Bank") headquartered in Vero Beach, Florida ... The... (PR Newswire)
Wells Fargo goes on hunt Mar 24, 2008
In September, Wells added Sacramento-based and will close a deal later this year to buy five banks from United Bancorp of Wyoming. New targets are likely to be bigger. (San Francisco Business Times, CA)
Wells Fargo likely to consider buying struggling Cleveland bank Mar 16, 2008
In January, Wells agreed to buy five banks in Wyoming and Idaho from United Bancorp. of Wyoming Inc., of Jackson, Wyo. (Phoenix Business Journal, AZ)
1st United Bancorp, Inc. Completes Merger With Equitable Financial Group, Inc. Feb 7, 2008
Feb. 6 /PRNewswire/ -- 1st United Bancorp, Inc. (1st United), Boca Raton, Florida, and Equitable Financial Group, Inc. (Equitable), Fort Lauderdale, Florida, announced today that the shareholders of Equitable have approved the merger of Equitable with and into 1st United and 1st United's acquisition of Equitable Bank ... The resulting institution, 1st United Bancorp, and its subsidiary bank, 1st United Bank, will have approximately $550 million in assets and $78 million in equity ... The... (PR Newswire)
Commerce Bancorp 4th-qtr profit falls 47% Jan 27, 2008
Toronto-Dominion previously bought TD Banknorth of Portland, Maine, and Hudson United Bancorp of Mahwah, New Jersey. Commerce is preparing for the acquisition as it wrangles with regulators and in the courts over matters involving its founder and former chief executive, Vernon Hill. (San Diego Union-Tribune -- Business)
Wells Fargo agrees to buy United Bancorp of Wyoming Jan 17, 2008
Published: Wednesday, January 16, 2008 12:43 PM MST SHERIDAN Wells Fargo as reached a deal to buy privately owned United Bancorporation of Wyoming, Well Fargo said Tuesday ... As part of Wells Fargo, we join forces with a company that shares our commitment to our communities while providing outstanding, personalized service and sound financial advice to customers, W. Richard Dick Scarlet III, chairman and chief executive officer of Jackson-based United Bancorporation, said. (Gillette News-Record, WY)
Wells Fargo acquires Shoshone Bank Jan 17, 2008
San Francisco-based Wells Fargo and Jackson-based United Bancorporation of Wyoming have signed an agreement for Wells Fargo to acquire United Bancorp s five banks ... United Bancorp has 1 ... The sale requires the approval of banking regulators and United Bancorporation shareholders, who are led by members of the Scarlett and Webster families, most of whom live in Jackson and Cody. (Cody Enterprise, WY)
United Bancorp, Inc. Announces Cash Dividend Payment of $0.13 Per Share Nov 22, 2007
United Bancorp, Inc. Announces Cash Dividend Payment of $0 ... United Bancorp, Inc. Announces Cash Dividend Payment of $0 ... MARTINS FERRY, Ohio, Nov. 21 /PRNewswire-FirstCall/ -- On November 20, 2007, the Board of Directors of United Bancorp, Inc. (Nasdaq: ) declared a quarterly cash dividend payment of $0. (PR Newswire)
GUESTS OF DINNER FOR NICOLAS SARKOZY... Nov 7, 2007
Dick Scarlett III, president and CEO of United Bancorp of Wyoming, and Maggie Scarlett (wife). Dwight C. Schar, president and CEO of NVR Inc., and Martha Schar (wife). (The Drudge Report)
Commerce Bancorp will be acquired by TD Banknorth Oct 15, 2007
9 billion acquisition of Mahwah-based Hudson United Bancorp. That deal gave the bank 200 branches in New Jersey, New York, Connecticut and Pennsylvania. (Philadelphia Business Journal, PA)
Commerce Bank rises to second in deposits Oct 13, 2007
TD Banknorth, which entered the market last year when it bought Hudson United Bancorp, is the 15th largest bank in the region but saw its total deposits drop from $1. 01 billion to $965 million while it culled two branches from its network of 41. (Philadelphia Business Journal, PA)
1st United to buy Equitable Bank Oct 4, 2007
Boca Raton-based 1st United Bancorp is the parent of 1st United Bank. Fort Lauderdale-based Equitable Financial is the parent of Equitable Bank. (South Florida Business Journal, FL)
Toronto-Dominion will take over Commerce Bancorp for $8.5 billion Oct 3, 2007
Toronto-Dominion also owns TD Banknorth, which is based in Portland, Maine, and Hudson United Bancorp. The purchase adds to Banknorth's 600 branches and $40 billion in assets in New England and other northern states. (International Herald Tribune)
State adjutant general will step down Sep 5, 2007
The 44-year military veteran is leaving to become chief executive officer of American United Bancorp Inc. in Gwinnett County. "Lt. Gen. Poythress has been a devoted, committed servant to our state," Perdue said. (Atlanta Journal-Constitution -- Metro)
Gordon native Nesbitt named Georgia Adjutant General Sep 5, 2007
He will enter private business as the Chief Executive Officer of American United Bancorp, Inc., in Gwinnett County. Classifieds. (Calhoun Times, GA)
TD Bank Financial Group Delivers Very Strong Second Quarter 2007 Earnings May 24, 2007
The items of note include the Bank's amortization of intangible assets which primarily relate to the Canada Trust acquisition in 2000, the TD Banknorth Inc. (TD Banknorth) acquisition in 2005, and the acquisitions by TD Banknorth of Hudson United Bancorp (Hudson) in 2006 and Interchange Financial Services Corporation (Interchange) in 2007, and the amortization of intangibles included in equity in net income of TD Ameritrade. The Bank believes that adjusted results provide the reader with a... (Canada Newswire)
TD Banknorth shareholders OK privatization Apr 19, 2007
9 billion acquisition of Hudson United Bancorp last year and has the 13th-largest deposit market share in the Philadelphia region with $1 billion in deposits, according to Federal Deposit Insurance Corp. data from June 2006. The bank announced last month that it would close or consolidate 24 branches, including 10 of its 43 in South Jersey and southeastern Pennsylvania. (Philadelphia Business Journal, PA)
UPDATE 1-TD Banknorth to cut 400 jobs, shut 24 branches Mar 25, 2007
4 billion for two New Jersey banks, Hudson United Bancorp and Interchange Financial Services Corp.. Chief Executive Bharat Masrani said the cutbacks are "necessary in response to the current operating environment." Noninterest expenses totaled $1. (Reuters)
TD Banknorth to Cut 400 Jobs, Close as Many as 24 Branches to Lower Costs Mar 25, 2007
About 13 branches will be shut in New Jersey, where TD Banknorth bought Hudson United Bancorp and Interchange Financial Services Corp. last year. Toronto-Dominion, which agreed in November to spend about $3. (Bloomberg -- Canada)
Canadian Stocks Rise for a Second Day, Led by Financial Shares, Scotiabank Jan 25, 2007
4 million, on increased deposits from its purchase of Hudson United Bancorp. Bank of Nova Scotia added 59 cents to C$51. (Bloomberg -- Canada)
TD Banknorth Fourth-Quarter Profit Rises 50 Percent on Hudson Acquisition Jan 25, 2007
Jan. 24 (Bloomberg) -- TD Banknorth Inc., the U.S. consumer banking unit of Toronto-Dominion Bank, said fourth-quarter profit rose 50 percent on increased deposits from its purchase of Hudson United Bancorp. Net income climbed to $83. (Bloomberg -- Canada)
TD Banknorth profit rises 50% Jan 24, 2007
TD Banknorth Inc. said Wednesday fourth-quarter profit rose 50 per cent after the acquisition of Hudson United Bancorp and that the current operating environment remains challenging amid stiff competition. Net income rose to $83. (Globe and Mail -- Business)
