American Banker articles from August 2003

American Banker archives from August 2003

TODAY'S NEWS.
August 1, 2003... FleetBoston is part of a group chosen by New York State to manage its College Savings Program. Page 3 WASHINGTON Page 4 COMMUNITY BANKING Alabama bankers are divided over a proposal that could increase bank taxes by millions of...

Why Visa Chief Exec Sees Blue Sky Post-Settlement.(Visa U.S.A. president and CEO Carl F. Pascarella is interviewed)(Interview)
August 1, 2003... If the Wal-Mart case against Visa U.S.A. and MasterCard International had gone to trial, it's possible that Carl F. Pascarella, Visa's president and chief executive, would have spent much of the summer waiting nervously in a Brooklyn courtroom...

Wells' Privacy Fix:Cut Down On 'Affiliates'.(Wells Fargo & Co. applies to combine its 19 national bank charters into one)
August 1, 2003... As state and federal lawmakers wrestle with restricting how banking companies share information with their affiliates, one company has come up with a partial solution: eliminate affiliates. In what it called a preventive measure, Wells...

Do Board Structure, Chairman's Role Contribute to FHLB Strife?(Federal Home Loan Bank System)
August 1, 2003... Second in a series Founded in the darkness of the Depression with a mandate to help keep Americans in their homes, the Federal Home Loan Bank System has provided low-cost funds to banks for generations, which they in turn lend to...

OCC Preempts In Ga. -- and Details Policy.(the Office of the Comptroller of the Currency overrides the Georgia Fair Lending Act)
August 1, 2003... The Office of the Comptroller of the Currency surprised few observers Thursday when it overrode the Georgia Fair Lending Act, but it took the extra step of asserting broader preemption powers and proposing a new predatory- lending...

People.(Wachovia Corp. opens branches in New York)
August 1, 2003... It's Up to You... How does a southern banking company with a difficult name looking to make a splash in the Big Apple get the attention of New Yorkers? If you're Wachovia Corp., you show up armed with 10,000 Krispy Kreme doughnuts,...

Executive Changes.(banking personnel news briefs)
August 1, 2003... MIDWEST Monroe Bank of Bloomington, Ind., has hired John E. Christy as its central Indiana president, a newly created job. Mr. Christy was the manager of the West Florida middle-market division and a senior vice president at SouthTrust...

Banking Industry Divided On Tax Hike Referendum.(Alabama's banking industry debates a plan thta could increase bank taxes)
August 1, 2003... Less than six weeks before a statewide referendum, the industry in Alabama remains divided over a plan that could increase bank taxes by millions of dollars. On Sept. 9 voters will go to the polls to cast their ballots on Gov. Bob. Riley's...

Bank-Owned Insurance Can Finance Exec Retirement, Raise Share Value.
August 1, 2003... The demand for bank-owned life insurance is strong, and for good reason. It provides a financing source for senior executives' supplemental, nonqualified retirement plans. It can also help offset employee costs, including skyrocketing...

3,000 Reasons a Day Why Immigrants Pose Opportunity.(for the banking industry)
August 1, 2003... One group of potential new bank customers is growing at the rate of about a million a year. They're not babies or recent college grads, but immigrants -- and nearly 3,000 arrive here every day to join the 33 million who make America their home....

In Brief: Moody's Cuts Rating On GMAC '97 Bonds.(Moody's Investors Service Inc., GMAC Commercial Mortgage Securities Inc.)(Brief Article)
August 1, 2003... Moody's Investors Service Inc. on Thursday cut its ratings on $153 million of mortgage-backed bonds issued in 1997 by GMAC Commercial Mortgage Securities Inc. The downgraded bonds were the five most subordinated classes from a $920 million...

In Brief: Bank Helps ITLA's Profits Rise 14.3%.(ITLA Capital Corp. earns $5.5 million in the second quarter)(Brief Article)
August 1, 2003... ITLA Capital Corp. earned $5.5 million, or 85 cents per share, in the second quarter, 14.3% more than it did in the same period last year. Net interest income jumped 14.5%, to $20 million, the La Jolla, Calif., holding company said in a...

In Brief: Mellon Closes Arden Group Purchase.(Brief Article)
August 1, 2003... Mellon Financial Corp. said Thursday that it had completed its purchase of Arden Group, an Atlanta private investment management firm. The two announced the deal on April 7 but have not disclosed the price. Arden, which specializes in...

In Brief: Net Income at Canada Life Tumbles 6%.(in the second quarter)(Brief Article)
August 1, 2003... Canada Life Financial Corp. posted second-quarter net income of $84 million, down 6% from a year earlier. Net investment income of $409 million was up 20%, largely due to gains on investments supporting certain equity-based insurance...

In Brief: Losses at Phoenix Cos. Widen by 33%.(in the second quarter)(Brief Article)
August 1, 2003... Phoenix Cos. Inc. on Thursday reported a second-quarter net loss of $49.5 million, 33% worse than a year earlier. The Hartford, Conn., company's life and annuity business had pretax income of $27.2 million, down 2% from a year earlier but...

In Brief: Wilmington Trust Starts Strategy Group.(forming the Investment Strategy Team)(Brief Article)
August 1, 2003... Wilmington Trust Corp. announced Thursday that it had created the Investment Strategy Team, a group headed by experts from its Delaware headquarters and its investment counseling firm Balentine & Co. in Atlanta. The team's goal to...

Variable Annuity Sales Surge At Sun Life's Bank Marketer.(Independent Financial Marketing Group has strong variable annuity sales but stagnant fixed annuity sales)
August 1, 2003... Low interest rates and an improving stock market have led to strong variable annuity sales but stagnant fixed annuity sales at Independent Financial Marketing Group, the top third-party marketer through banks. The Purchase, N.Y., unit of...

New Obstacle to Permanent FCRA Preemption.(the Senate Banking Committee holds a hearing on the renewing of part of the Fair Credit Reporting Act)
August 1, 2003... A hearing Thursday of the Senate Banking Committee gave the clearest clues to date on the direction of the bill renewing a key provision of the Fair Credit Reporting Act, and the signs are not good for the financial services industry. ...

Metavante Reselling Intranet System.(S&T Bank's eBusiness Content Manager is gaining a wider market)
August 1, 2003... A community bank in Pennsylvania has hired Metavante Corp. to resell the intranet management software it developed for in-house use. The agreement, announced last week, broadens the potential market for eBusiness Content Manager,...

Will Hedges Come Back To Haunt Mortgage Firms?(banks are using several instruments to hedge their mortgage businesses)
August 1, 2003... Banks use a smorgasbord of instruments to hedge their mortgage businesses against interest rate movements -- a practice that has become increasingly important over the past three years as rates have dropped to historic lows. But now that...

In Brief: John Hancock Profits Up Almost Threefold.(in the second quarter)(Brief Article)
August 1, 2003... John Hancock Financial Services Inc. on Thursday reported that its second-quarter net income nearly tripled from a year earlier, to $289.9 million. "We are pleased with the demonstrated strength of our strategy of diversification among...

In Brief: State St.: We'll Retain Deutsche Clients.(State Street Corp. is retaining most of the clients from Deutsche Bank's global securities services operations)(Brief Article)
August 1, 2003... State Street Corp. says it will meet its goal of retaining 90% of the revenue available from the clients it gained in January, when it bought Deutsche Bank AG's global securities services operations. "State Street has made great progress in...

In Brief: Fitch to Keep Rating Fla., D.C. Loan Bonds.(Fitch Inc.)(Brief Article)
August 1, 2003... Fitch Inc. announced Thursday that it will continue to rate bonds backed by high-cost mortgages in Florida and the District of Columbia. The rating agency said the predatory lending laws there limit the liability of secondary market...

In Brief: Tex. Capital Registers for Public Offering.(Texas Capital Bancshares Inc. plans an initial public offering)(Brief Article)
August 1, 2003... Texas Capital Bancshares Inc. announced Thursday that it had filed a registration statement with the Securities and Exchange Commission for an initial public offering. The $1.9 billion-asset company plans to issue 6.9 million shares -- 3...

In Brief: Survey Finds More Farm, Biz, CRA Loans.(the Federal Financial Institutions Examination Council releases its 2002 data on small-business, small-farm, and community development lending)(Brief Article)
August 1, 2003... The Federal Financial Institutions Examination Council on Thursday released its 2002 data on small-business, small-farm, and community development lending by commercial banks and thrifts under the Community Reinvestment Act. The 1,986...

Banks and Thrifts with Highest Nonperformer Ratios on March 31, 2003.(a ranking of 150 banks)(Illustration)
August 1, 2003... Dollars in thousands (part 1 of 4) 1 Farmers Bank Hamburg, Ark. 2 Reliance Bank White Plains, N.Y. 3 Eastern Savings Bank FSB Hunt Valley, Md. 4 Brickyard Bank Lincolnwood, Ill. 5 Purdum State...

Black-Owned Banks Emerge As Dealmakers.
August 4, 2003... Loosening up at risk-averse institutions Black-owned banks and thrifts are not accustomed to merger speculation; many are known for their conservatism, and with a few notable exceptions, deals in the niche had been rare. Citizens...

Mellon Still Seeks Recipe For HR Profits.(Mellon Financial Corp.)
August 4, 2003... Even though it now generates about a quarter of Mellon Financial Corp.'s noninterest revenues, when company executives discussed results for the second quarter, the human resources services division was not mentioned. The Pittsburgh...

'New' Discount Window, Same Old Stigma.
August 4, 2003... Borrowing at the discount window, for decades a contingency to avoid at almost any cost, is no longer taboo. Really. Six months after the Federal Reserve Board made changes meant to encourage bankers to use the window more often,...

Servicing Turnaround? 2 Portfolios Test Market.(Ohio Savings Bank, Flagstar Bancorp Inc.)
August 4, 2003... When Ohio Savings Bank put $5.4 billion of mortgage servicing rights up for sale last week, it was the first major offering of such a portfolio in almost six months. The Cleveland thrift's move is perhaps the clearest indication yet that...

Executive Changes.(various companies)
August 4, 2003... NEW ENGLAND Citizens Mortgage Corp., a Providence, R.I., unit of Royal Bank of Scotland Group PLC, has officially named Stephen E. Adamo its president and chief executive officer. He had held those jobs on an interim basis since...

Washington People.(briefs)
August 4, 2003... Leave It Alone Talk about being caught in the middle. House Financial Services Committee leaders are urging the Treasury to ignore complaints from another influential congressman and leave a rule requiring banks to verify customers'...

Spiegel's Card Bank Told To Reimburse Customers.(First Consumers National Bank)(Brief Article)
August 4, 2003... Under an agreement with federal regulators, First Consumers National Bank will repay $1.9 million of annual fees and late charges it assessed cardholders when it knew it would shortly shut down its credit card operations. The Beaverton,...

Gold of Kan. Raises Notion of a Sale.(Gold Banc Corp.)
August 4, 2003... Don't expect Gold Banc Corp. of Leawood, Kan., to make any purchases any time soon -- in fact, the once-acquisitive community banking company may be ready to sell itself. Gold has not acquired a bank since early 2000, and its new chief...

Fair Isaac's Latest Line: Handling Chargeoffs.
August 4, 2003... Fair Isaac Corp. typically offers risk assistance to lenders during the acquisition and life of an account, rather than its postmortem. But with its purchase last week of Narex Inc., the credit scoring specialist it is treading into new...

U.S. Bancorp: We Bought Provident Biz.(Nova Information Services buys merchant processing business)(Brief Article)
August 4, 2003... When Provident Financial Group Inc. sold its Florida branch network to Royal Bank of Canada's RBC Centura Banks Inc. a few weeks ago, it also sold off $471 million of subprime residential mortgage loans, and its merchant processing business....

Dividend Targets: How High Should They Go?
August 4, 2003... Dividends are a topic of discussion in board rooms across corporate America. After years of share repurchasing, respect for the dividend has returned. As banks mull increasing the payouts they make to shareholders, one question is how high...

In Brief: Hancock Still Shopping in U.S.(John Hancock Financial Services Inc. seeks acquisition targets)(Brief Article)
August 4, 2003... John Hancock Financial Services Inc. is still looking to expand its core businesses through acquisitions, its chairman and chief executive officer says. During the Boston company's second-quarter earnings conference call on Friday, David...

In Brief: Northwestern Ratings Affirmed.(Northwestern Mutual Life Insurance Co.)(Brief Article)
August 4, 2003... Moody's Investors Service Inc. on Thursday affirmed its Aaa insurance financial strength rating on Northwestern Mutual Life Insurance Co. It also affirmed its Aaa rating for the Milwaukee insurer's guaranteed subsidiary, Northwestern Long...

In Brief: Thrift Group Starts Life Program.(America's Community Bankers)(Brief Article)
August 4, 2003... America's Community Bankers on Friday endorsed a bank-owned life insurance program that it said will enhance community banks' financial competitiveness. The program -- offered through Meyer-Chatfield Corp., a Jenkintown, Pa., company that...

New Unit to Help BB&T Court Wealthy Clients in Southeast.
August 4, 2003... BB&T Corp. says its planned wealth management division is meant to attract and retain affluent clients in the Southeast. The manager of the unit, whose formation was announced last week, says it will combine the personal trust and private...

E-Trade Sees RV Lending Paving the Way to Growth.(recreational vehicles)
August 4, 2003... E-Trade Group Inc. is hoping its foray into recreational vehicle and marine lending not only diversifies revenues but provides new customers for its growing list of financial products. Last December the McLean, Va., company bought Ganis...

Correction.(Correction Notice)
August 4, 2003... In Thursday's paper, "FHLB Strife: The Roots Lie Partly in a Dual Mission" on page 1 incorrectly stated how joint and several liability for the Home Loan Bank System's debt was created. The Federal Home Loan Bank Act created it. Under former...

In Brief: Morgan Chase Plucks a Citi Banker.(Steve Rehm appointed managing director)(Brief Article)
August 4, 2003... J.P. Morgan Chase & Co., which is refocusing its financial institutions practice, snared a senior Citigroup Inc. banker. Steve Rehm joined Morgan Chase last week as managing director in its North American investment client management group,...

In Brief: Home Loan Rejections Fell Again in 2002.(Brief Article)
August 4, 2003... The percentage of Americans who were denied conventional home loans fell for the fourth consecutive year in 2002, according to data published Friday by federal financial services regulators. The annual release of data collected under the...

In Brief: IndyMac Reports 20% Earnings Increase.(IndyMac Bancorp Inc.)(Brief Article)
August 4, 2003... IndyMac Bancorp Inc. said second-quarter earnings rose 20%, to $41.4 million. Per-share earnings for the $10.7 billion-asset Pasadena, Calif., thrift were 73 cents, a penny better than the consensus. Revenues jumped 25%, to $173 million,...

CEO of everbank Drawing from Web-Only History.(Frank O. Trotter III)
August 4, 2003... Way back in the Stone Age of the Internet -- 1995, to be precise -- Frank O. Trotter 3d was at the center of what was then considered among the most forward-looking payments projects around: a Web site, hosted by the bank he worked for, that...

Citi: Fewer SPE Assets Going to Sheet.(Citigroup Inc. makes changes due to new accounting rules)
August 5, 2003... Citigroup Inc.'s plan to put back on its balance sheet $5 billion it had offloaded to special-purpose entities will likely be the first of many announced by banking companies in response to a new accounting rule. But analysts said the...

Risk Management Chief Helping to Reshape B of A.(Bank of America Corp. chief risk officer Amy Woods Brinkley leads the company's focus on profits)
August 5, 2003... Amy Woods Brinkley has been at the center of Bank of America Corp.'s recent shift in focus away from acquisitions and toward squeezing profits from a leaner, more tightly integrated set of businesses. Now the $769 billion-asset Charlotte...

Why State Banks Pass On Wild Card.(banking legislation)
August 5, 2003... By now most states have passed so-called wild-card legislation that gives state-chartered banks and thrifts parity with their federally chartered counterparts. But as illustrated by debates in New Jersey over lenders' right to charge...

Today's News.
August 5, 2003... WASHINGTON Regulators released a proposal for the U.S. implementation of new international bank capital rules. Page 4 A look at federal regulators' latest financial disclosure statements. Page 4 COMMUNITY BANKING Wintrust of...

Put Up or Pay Up, Visa Tells Debit Issuers.(banks are trying to figure out how to market debit cards)
August 5, 2003... Since the Wal-Mart settlement, some banks have been reconsidering how hard to market debit cards, but recently Visa check card issuers have learned that any retreat will come at a price. William A. Cooper, TCF Financial Corp.'s chairman and...

In Brief: Regulators Issue Basel II Proposal.(the U.S. plans new international bank capital rules)(Brief Article)
August 5, 2003... Federal financial services regulators on Monday released a proposal for the limited U.S. implementation of new international bank capital rules. In all, three documents concerning the rules were published in the Federal Register. The first...

In Brief: FDIC to Hold Parley on Failures.(the Federal Deposit Insurance Corp. plans a symposium for 10/24/03)(Brief Article)
August 5, 2003... The Federal Deposit Insurance Corp. is planning a symposium Oct. 24 to discuss the lessons learned from recent bank failures. The agency said that the failures since 1997, involving institutions with $6.2 billion of assets, had been...

In Brief: ICBA Installs State-Regional Exec.(the Independent Community Bankers of America promotes Paul McGuire to vice president)(Brief Article)
August 5, 2003... The Independent Community Bankers of America has promoted Paul McGuire to vice president for state and regional operations. The group said Mr. McGuire is responsible for oversight of all regional recruiters and for developing new...

Regulators Put Their Millions to Offbeat Uses.
August 5, 2003... Like everyday investors, federal financial regulators have been hunting for a place to put their personal assets other than the stock market. But the regulators' latest financial disclosures showed that their larger-than-average balance...

Wintrust Shopping For More Small, Feisty Start-Ups.
August 5, 2003... Wintrust Financial Corp. of Lake Forest, Ill., which has struck the first bank acquisition deal in its 12-year history, has others in its sights, according to its chief operating officer. Until now the $4.1 billion holding company has grown...

In Brief: Imaging Cuts Through Fog for Bremer.(Brief Article)
August 5, 2003... Branch image-capture technology has accelerated check clearing at Bremer Financial Corp. of St. Paul, easing some deadline pressure and improving performance in foggy weather, an executive says. And having completed a yearlong rollout in...

In Brief: First Financial Stops Security Leak.(Brief Article)
August 5, 2003... First Financial Credit Union of West Covina, Calif., has tightened its e-mail security by blocking employee messages that contain sensitive account information or excerpts from restricted documents. The blocking software, PortAuthority from...

In Brief: iTech Using Web-Tailored Unisys Mainframe.(Brief Article)
August 5, 2003... A bank data processor in Montana may be the first user of a new Unisys Corp. mainframe computer designed for Web services and real-time data access. iTech Corp., the technology subsidiary of First Interstate BancSystem Inc. in Billings, Mont.,...

InteliData Lowers Revenue Sights.
August 5, 2003... Though its sales have gained slightly, the Internet banking software vendor InteliData Technologies Corp. has scaled back its revenue forecast for the year, citing the economy and uncertainty about its agreement with Fidelity Information...

Deal-a-Year Pace Likely To Continue for Mellon Unit.
August 5, 2003... Mellon Financial Corp. hardly sounds done making acquisitions to expand its private wealth management unit. Craig R. Sutherland, national director for the Pittsburgh banking company's private wealth management group, said in an interview...

In Brief: BB&T Arm to Buy Cooper Love of Tenn.(Brief Article)
August 5, 2003... BB&T Insurance Services has agreed to buy the Nashville insurance agency Cooper, Love & Jackson Inc. The Raleigh unit of BB&T Corp. already owns the BB&T-Thornton & Harwell agency in nearby Brentwood, Tenn. Together the two agencies would...

In Brief: PMI Leads Group Buying GE Unit.(Brief Article)
August 5, 2003... General Electric Co. an-nounced Monday that it had agreed to sell the bond insurer Financial Guaranty Insurance Co. for $2.16 billion to a four-member consortium led by PMI Group Inc. Financial Guaranty is a New York company that provides...

In Brief: Banknorth in Deal For Field & Quimby.(Brief Article)
August 5, 2003... Banknorth Group Inc. of Portland, Maine, is buying Field & Quimby Inc., a community insurance agency in Belfast, Maine. The deal was announced Thursday. Field & Quimby, primarily a personal property/casualty insurance agency, will...

FGIC Expects to Expand After Being Sold by GE.(Brief Article)
August 5, 2003... As its rivals in the bond insurance business expanded into asset-backed securities, Financial Guaranty Insurance Co. has mostly stuck to its role as a guarantor of municipal bonds. An agreement announced Monday by General Electric Co. to...

In Brief: Lehman Can Keep First Alliance Funds.
August 5, 2003... We are not authorized to publish this article provided by Bloomberg News. Copyright 2003 Thomson Media Inc. All Rights Reserved. http://www.thomsonmedia.com http://www.americanbanker.com

In Brief: Moody's Downgrades Outnumber Upgrades.(Brief Article)
August 5, 2003... Moody's Investors Service Inc. downgraded more securities backed by commercial mortgage in the second quarter than it upgraded, it said a press release Monday. Among already junk-rated classes of commercial mortgage securitizations, it...

In Brief: S&P: Commercial Delinquency Up.(Brief Article)
August 5, 2003... The delinquency rate on securitized commercial mortgages tracked by Standard & Poor's rose in the second quarter, ending at 1.69%. The figure was 13 basis points more than at the end of the previous quarter and 5 more than a year earlier....

In Brief: Providian Closes Subprime Sale.(Brief Article)
August 5, 2003... Providian Financial Corp. announced Monday that it had closed on the sale of an $859 million loan portfolio to a joint venture of CompuCredit Corp. and Merrill Lynch & Co. Providian said the sale of 435,000 subprime credit card accounts...

In Brief: A Profit at Electronic Clearing House.(Brief Article)
August 5, 2003... The electronic payments provider Electronic Clearing House Inc. swung to a profit in its June quarter on sharply higher revenue attributed to demand for Visa U.S.A's point of sale check service. Revenue for the three months through June,...

In Brief: Bank of Internet Earnings Drop.(Brief Article)
August 5, 2003... Bank of Internet USA in San Diego said Monday that its net income in the June quarter fell 34% from a year earlier, to $517,000. Pretax net income for the quarter, the fourth of its fiscal year, rose 43%, to $801,000. It was the eighth...

In Brief: Commerce: Securities Offering in Works.(Brief Article)
August 5, 2003... Commerce Bancorp Inc. said Monday that it expects to register a securities offering before yearend to deal with continued stronger-than-expected deposit growth. The Cherry Hill, N.J., company had indicated in previous quarters that the...

In Brief: Lincoln National to Lay Off 800 to 1,000.(Brief Article)
August 5, 2003... Lincoln National Corp. announced Monday that it will lay off 800 to 1,000 employees, most of them by yearend. Spokeswoman D'Arcy Rudnay said the cuts will be primarily in the life and annuity businesses, two lines that Lincoln said in June...

In Brief: Mortgage-Backeds Put Off R&G Investors.(Brief Article)
August 5, 2003... R&G Financial Corp. became the latest stock-market victim of the recent jump in interest rates and weakening mortgage-backed securities on Monday, when its shares fell 6%. The San Juan, Puerto Rico, company, which has branches in New York...

Editor's Note.(Editorial)
August 5, 2003... It's been going on for more than a year: The market has deal hunger pangs, but there are only crumbs to provide sustenance. Bankers say conditions may finally be changing. After several quarters of slumping revenues, some banks have...

More Deals - and Bigger Ones - May Be Coming.
August 5, 2003... Big-bank mergers are as much a part of financial history as ticker tape and green eyeshades. Might they make a comeback? Repeating a trend that started in 2000, smaller deals and smaller banks dominated bank and thrift merger...

The Evolution of a BB&T Deal (and Strategy).
August 5, 2003... Bank merger and acquisition activity looked like it would take off this year after BB&T Corp.'s January announcement that it would buy First Virginia Banks Inc., the state's largest independent banking company, for $3.4 billion. But this...

Frequent Buyers Worried About SEC Proposal.
August 5, 2003... Banks that have traditionally expanded through acquisition may soon be facing a tough choice: purchase companies or purchase their own stock. The Securities and Exchange Commission has been working since December on an overhaul of its...

4 Hot Markets: Dallas, Boston, Philadelphia, NYC.
August 5, 2003... Wondering where the next big bank merger will be? Don't overlook Dallas, Boston, southeastern Pennsylvania, or New York City. Though deal activity is increasing all over the country, many analysts and investment bankers say those markets...

Bank and Thrift Merger Deals Announced in First Half @SH#Ranked by price.(Illustration)
August 5, 2003... (part 1 of 4) Buyer 1 BB&T Corp. Winston-Salem, N.C. 2 New York Community Bancorp Inc. Westbury 3 Wells Fargo & Co. San Francisco 4 Mercantile Bankshares Corp. Baltimore 5 Cathay...

Top Lead Legal Advisers: Primary advisers in domestic bank and thrift merger deals announced in the first half*.(Illustration)
August 5, 2003... Rank Rank by value of deals Deal value Deals 1 Wachtell, Lipton, Rosen & Katz 5143.2 3 2 Arnold & Porter 3389.4 1 3 Womble Carlyle Sandridge...

Top Lead Financial Advisers: Primary advisers in domestic bank and thrift merger deals announced in the the first half*.(Illustration)
August 5, 2003... Rank Rank by value of deals Deal value Deals (millions) 1 Keefe, Bruyette & Woods Inc. 5301.9 13 2 Sandler O'Neill & Partners LP ...

Top Bank and Thrift Mergers Completed in the First Half: Ranked by completion price.(Illustration)
August 5, 2003... (part 1 of 4) Buyer 1 M&T Bank Corp. Buffalo 2 Banknorth Group Inc. Portland, Maine 3 Citizens Financial Group Inc. Providence, R.I. 4 Chittenden Corp. Burlington, Vt. 5 FNB Corp....