- United Bankshares has agreed to buy smaller rival Piedmont Bancorp in a deal valued at about $267 million, the lenders said on Friday, amid growing consolidation in the U.S. regional banking industry.High interest rates, exposure to commercial real estate and muted loan activity have clouded the outlook for regional U.S. lenders which are more susceptible to economic fluctuations compared with larger so-called 'too-big-to-fail' rivals.
Late last month, regional lender UMB Financial Corp agreed to buy smaller rival Heartland Financial in an all-stock deal valued at about $2 billion.The deal will create a combined bank with more than $32 billion in assets and a network of over 240 locations. With earnings around the corner, you can still pick up this dividend stock with a TSX-beating dividend at 8.9% as of writing! The post Beat the TSX With This Cash-Gushing Dividend Stock appeared first on The Motley Fool Canada.3 No-Brainer Stocks I’d Buy Right Now Without Hesitation
Warren Buffett teased a potential Canada bet, predicted Berkshire would surpass $200 billion in cash this quarter, and shrugged off dollar worries.Suncor leasing oil tanker ships to carry crude from Trans Mountain pipeline expansion
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