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Bad CRA Score May Put Brakes on BBVA Compass' Growth

August 25, 2014
American Banker

BBVA Compass Bancshares might be the latest financial institution to have its M&A aspirations stunted by compliance shortcomings, but it could be a bit of a blessing in disguise for the foreign-owned bank. In that regard, BBVA Compass' executives find themselves in perhaps a better situation than others; management is being told by regulators to fix issues while its M&A plans are still conceptual. It is unclear if the company had any deals lined up, but investment bankers said BBVA Compass was interested in M&A, but had been rather selective. "I'd say it is much better to figure this out now while you're thinking about M&A than to find a deal and then have egg on your face when regulators find issues," said Daniel Bass, a managing director of Performance Trust Capital Partners.

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Acquisition Could Portend Another Big IPO in Texas

August 8, 2014
American Banker

Another Texas bank's public offering is coming - eventually. Rather than rush immediately to pursue an initial public offering, Martinez reached another deal late last month. Allegiance's agreement to buy the $540 million-asset Farmers & Merchants Bancshares in Houston will push the IPO timeline back a bit. The acquisition is expected to give Allegiance double-digit earnings improvement, Martinez said, largely by cost-cutting opportunities. The seller's Enterprise Bank unit had an efficiency ratio of 63% at March 31, compared to 66% at Allegiance. Enterprise's loan growth was held back by its size and its board's decision avoid a dilutive capital raise, said Daniel Bass, a managing director of Performance Trust Capital Partners, which represented Farmers & Merchants.

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