Rabobank’s Roseville operations to be acquired by Mechanics Bank
Mechanics Bank said Friday that it's agreed to buy most of Rabobank N.A.’s Roseville-based California operations for $2.1 billion and a 9.9 percent stake in the combined bank.
The deal makes Walnut Creek-based Mechanics Bank (OTC: MCHB) a much larger bank, with assets jumping from about $6 billion to more than $17 billion. That means the combined bank will have much greater lending capacity and the ability to spread the fixed cost of technology over larger operations.
The combined bank will continue…
Not fooling around: Maggie Dorn talks about investing and Buffalo
Maggie Dorn’s first exposure to The Motley Fool came in a 2002 economics class at Nardin Academy in Buffalo.
Fast-forward through a bachelor’s degree from Ithaca College, a D.C.-based job as a web marketing analyst, enrolling in a graduate program at Johns Hopkins University (at one of its D.C.-based satellite programs) and a stint in the business innovations department for the digital entity that oversaw websites such as The Washington Post, Newsweek and Slate Magazine.
Around 2010 an acquaintance…
FC Cincinnati wins first MLS match in home opener: PHOTOS
FC Cincinnati officially brought Major League Soccer to the University of Cincinnati’s Nippert Stadium with a bang on Sunday.
FCC recorded its first MLS win against the Portland Timbers in front of a sold out crowd of more than 32,250 with a score of 3-0.
The sellout was fueled in part by season ticket sales, which have surpassed 20,000.
FC Cincinnati broke the United Soccer League attendance record in each of the club’s three seasons in existence. It averaged 25,717 fans per game last season…
5 good reads: News you can take to the bank or to the mall or restaurant
We’ll start this week’s list of suggested reads with a couple of items that showcase James Dornbrook’s bank coverage. His experience on the beat allows him to jump on news of new players coming to town, such as a story this week on one of the nation’s largest banks planning to establish branches in Kansas City. It also shows in his analysis, including a listing of the area’s strongest small banks.
From banks, let’s shift to a quick rundown of where the wealth lives in the Kansas City…
Fedders Lofts up for planning board review
Work on $23 million Tonawanda Street project could start this spring.
It was long. It was disruptive. But Arlington just passed its Amazon incentive package.
After a daylong meeting where Amazon.com Inc. officials fled midtestimony and police carried away one man, the Arlington County Board unanimously voted to approve a $23 million incentive package to bring the tech behemoth's second headquarters to Northern Virginia.
As the board voted around 7 p.m. Saturday after more than six hours of testimony and deliberation, members of a group known as For Us, Not Amazon jeered and shouted “shame, shame, shame.”
In their closing remarks, the five board…
WeWork headlines $200 million plan for 30-acre campus
WeWork's parent company, artificial intelligence company OpenAI and the World Economic Forum have teamed up on a proposal to redevelop and renovate the 22 barracks and buildings of the Presidio's Fort Scott campus.
A development team led by Equity Community Builders submitted a joint proposal for the historic Fort Scott site on Friday morning, and it would include WeWork leasing and designing about 135,000 square feet of collaborative office space across nine buildings, according to the proposal.…
University of South Alabama lands $5M gift for football stadium
The University of South Alabama has received a $5 million gift for its new football stadium.
USA said the playing field at the new Hancock Whitney Stadium will be called Abraham A. Mitchell Field in recognition of Mitchell's $5 million challenge gift toward the project.
The gift will be structured as a challenge gift, and Mitchell will match, on a one-to-one basis, any donation to the stadium project from a minimum of $500 to a maximum of $250,000 per donor.
“It is my hope that others will…
Irgens to buy 25 acres of Innovation Campus in Wauwatosa for offices
Milwaukee real estate firm Irgens signed a contract to buy 25 acres at the University of Wisconsin-Milwaukee Innovation Campus in Wauwatosa for an extensive new office park development.
Experts weigh in on what Panthers HQ — and naming rights for it — could be worth
The Carolina Panthers are likely to generate millions of dollars per year by selling corporate naming rights to a proposed training headquarters.