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Continuing the special contract provisions discussion, how should you treat third party vendor agreements, and the allocation of payments for any fees that may arise out of the disposition of those? [Continue]
Core processing giant Fiserv is buying the third-party ATM and debit servicing business from U.S. Bank for approximately $690 million. [Continue]
The Minnesota Department of Commerce recently established a Bank Advisory Group to help it improve supervision of state-chartered financial institutions. [Continue]
Special covenants are always at the heart of the deal, but certain operating covenants set an expectation between buyer and seller on the operation of the organization from the date of the agreement through closing. [Continue]
Fond du Lac’s National Exchange Bank & Trust is picking up a pair of branches in Chilton and Elkhart Lake from Wisconsin Bank & Trust, Madison. [Continue]
Tacoma, Wash.-based Sound Credit Union has agreed to buy the $195 million Bank of Washington, Lynwood. [Continue]
There can be a push-pull between a buyer’s desire for the seller to stand behind the operations of the bank being sold, and the seller requiring a buyer to perform due diligence and take ownership of the acquired bank. [Continue]
National Bank, based in Hillsboro, Ill., will soon be no more. The company will be renamed Bank of Hillsboro instead beginning Oct. 9. [Continue]
Publisher Tom Bengtson offers his memories of Minnesota Banker Mark Olson, a giant of the community banking industry who passed away earlier this month. [Continue]
Peoples Bank SB, Munster, Ind., has completed its acquisition of First Personal Bank, Orland Park, Ill. Peoples Bank now stands at $1.1 billion. [Continue]