credit quality fall precipitously. CapitalSource's previous attempt to acquire deposits fell through when TierOne Corporation 's TONE loan book experienced an unexpected downturn in credit quality. While the structure of the participation
CapitalSource CSE and TierOne TONE announced March 21 that the companies have decided to terminate their merger agreement. With the deal in question since mid
comment specifically on its pending acquisition of TierOne Corporation TONE , but it reiterated an intention to pursue deposit-based funding. While the outcome of the TierOne deal remains somewhat uncertain, we think CapitalSource
away from its pending acquisition of TierOne TONE following a Feb. 17 deadline in the ..... keeping our fair value estimate unchanged. TierOne , a Nebraska-based thrift, took large ..... as recently as Jan. 31. Since then, TierOne announced a $50 million increase in
TierOne TONE announced Thursday that its shareholders ..... merger agreement contains language allowing TierOne 's board to seek additional consideration ..... providing additional consideration to TierOne shareholders. That said, we believe
John Delaney reaffirmed his belief that the acquisition of TierOne TONE will close. We think deposit funding will provide an enormous ..... CapitalSource, and we will be closely monitoring the results of the TierOne shareholder vote later this month.
CapitalSource CSE and TierOne TONE released their merger prospectus this ..... agreement contains a clause that allows TierOne to terminate or renegotiate the terms ..... given recent stock price behavior. TierOne announced its intention to seek additional
fickle repurchase market, relying instead on a broader mix of funding sources. The company plans to close its acquisition of TierOne TONE in the fourth quarter, allowing it to gain access to low-cost bank deposits and further strengthening its funding base
it has entered into an agreement to acquire TierOne TONE , the holding company for TierOne Bank, a federally chartered savings bank with headquarters in Nebraska. Given TierOne 's relatively small size, we think this is