Posts Tagged ‘capital strength’

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Texas Banks are M&A Targets

Dallas-based Comerica Inc. announced plans to acquire Houston-based Sterling Bancshares. In the news release, Comerica said, “The strategic acquisition accelerates Comerica’s growth in Texas and maintains Comerica’s capital strength.” A Mergermarket Group report said other Texas banks might be inclined to follow Sterling’s lead, citing lack of growth which increases pressure to sell. View full [...]