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Want to buy a bank? Beware of this common oversight

March 23, 2015
Houston Business Journal

Banks in Houston are definitely revving up to make some deals this year. While wheeling and dealing, there is one component of negotiations that industry players say is often overlooked and can represent quite an expense to the buyer: data processing contracts. "I've seen too many deals break up over huge DP (data processing) contract cancellation fees," said Dan Bass, managing director at Performance Trust Capital Partners LLC.

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Cadence Bancorp finds investors even as energy casts shadow

March 17, 2015
Houston Chronicle

Houston's Cadence Bancorp went looking for capital to pay for growth initiatives and was able to reel in $50 million, despite fears from some investors that low oil prices will hammer banks in markets with a strong energy industry presence. "We really didn't have any trouble finding investors," Paul Murphy, CEO and president of Houston-based Cadence Bancorp, said in an interview. Dan Bass, managing director of investment banking for bank advisory firm Performance Trust Capital Partners, said the $50 million is a good sign for the bank.

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Chicago's Gamble on Disclosure

March 17, 2015
Bond Buyer

Chicago took a gamble by voluntarily laying out in stark terms the fiscal threats that could lead to further credit erosion and the impact on its swap and liquidity contracts, market participants said. Brian Battle, director of trading at Performance Trust Capital Partners, called the voluntary disclosure "shrewd and prudent" and "the right thing to do."

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While you were sleeping: European stocks, bonds rally

March 6, 2015
The National Business Review

European stocks climbed, while the euro dropped to the lowest level in more than 11 years, after the European Central Bank said it will start wider asset purchases next week. A report showed initial jobless claims increased to 320,000 in the latest week, up from 313,000 in the prior week, and exceeding the 295,000 forecast. That heightened expectations for Friday's jobs report, which is expected to show payrolls rose by 235,000 last month while the jobless rate declined to 5.6 percent. "We're kind of tapping our foot for tomorrow's non-farm payroll," Brian Battle, director of trading at Performance Trust Capital Partners, in Chicago, told Reuters. "The Federal Reserve made it very clear they're going to raise rates but its going to be data dependent. It's one of the benchmark numbers they're looking at."

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US STOCKS-Wall St little changed after 2-day drop, data

March 5, 2015
Reuters

U.S. stocks were little changed on Thursday, after two days of declines on the S&P 500, as economic data did little to alter expectations on the timing of an interest rate hike by the Federal Reserve. Investors were looking ahead to the jobs report due out on Friday to help them assess the timing of the Fed's first interest rate hike in years, said Brian Battle, director of trading at Performance Trust Capital Partners, in Chicago.

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