Fed Reports Sharp Increase in Banking Mergers and Acquisitions

The first semiannual report on banking applications activity by the Federal Reserve shows a sharp increase in mergers and acquisitions during the first six months of 2014. The Federal Reserve, as one of the primary U.S. regulators, reviews applications from bank holding companies, state member banks, foreign banking organizations, and  savings and loan companies.  Applications […]

Independent Bank’s Stock Price Soars – Is A Takeover Looming?

After hitting a low of $1 per share in mid December, the stock price of Independent Bank (IBCP) has soared to almost $4 per share.  On Friday, IBCP rose $.63 to $3.80, a 20% gain on the day.  Volume of the normally thinly traded stock has also increased dramatically since mid December.   Trading volume for […]