CrossFirst Bankshares, a Kansas-based bank holding company, has agreed to acquire Canyon Bancorporation, a bank holding company in Arizona, in a stock and cash deal worth $15.1 million. Canyon Bancorporation is the parent company of Canyon Community Bank, while the Nasdaq-listed CrossFirst Bankshares is the parent company of CrossFirst Bank (CFB Bank). Shareholders of Canyon […]
First Guaranty Bancshare has agreed to acquire Lone Star Bank, a community bank in South Texas, in an all-stock transaction that values the latter at $23.67 per share. Lone Star Bank has four branches, which are expected to increase First Guaranty Bancshare’s footprint and opportunities for growth in Texas. First Guaranty Bancshare is a Louisiana-based […]
US-based Inland Bancorp and its fully-owned subsidiary Inland Bank and Trust will merge with Chicago-headquartered Byline Bancorp in a cash and stock deal valued at around $165 million. As per the terms of the merger agreement, Byline Bancorp will issue nearly 6.4 million of its shares and $22.9 million in cash to Inland Bancorp’s shareholders […]
UNCLE Credit Union has completed the previously announced merger of California-based Moore West Federal Credit Union with the former being the surviving entity. Moore West Federal Credit Union, which was established in 1935, had assets of nearly $11.38 million. It served more than 800 members with its banking services. The merger is the third to […]
Publicly-listed New Jersey-based bank holding companies Provident Financial Services and Lakeland Bancorp have agreed to an all-stock merger deal worth around $1.3 billion. While Provident Financial Services is the parent company of Provident Bank, Lakeland Bancorp is the holding company for Lakeland Bank. The enlarged bank holding company will have over $25 billion in assets […]
Origin Bancorp, the holding company for Louisiana-based Origin Bank, has closed the previously announced $313.5 million worth acquisition of BT Holdings, the holding company for Texas-based BTH Bank. The all-stock deal between the two bank holding companies was announced in February 2022. Drake Mills — Origin Bancorp Chairman, President, and CEO said: “We are excited […]
Civista Bancshares, the parent company of Civista Bank, has wrapped up the previously announced $50.2 million acquisition of Ohio-based bank holding company Comunibanc Corp. and its fully-owned subsidiary, The Henry County Bank. The stock and cash deal was announced in January 2022. As per the terms of the deal, Comunibanc’s shareholders will be issued 1.1888 […]
Columbia Banking System, the parent company of Columbia State Bank, has signed an all-stock merger deal with rival US banking holding company — Umpqua Holdings Corporation, the owner of Umpqua Bank. The deal is aimed at creating a leading banking group on the West Coast with over $50 billion in assets under management. As per […]
Keweenaw Financial, the parent company of Superior National Bank and Trust has agreed to acquire rival Michigan-based bank holding firm North Star Financial and its subsidiary Main Street Bank for $42 million. While Superior National Bank and Trust, which was founded in 1890, holds more than $575 million of assets under management, Main Street Bank […]
First Bancshares acquisition of First Florida Bancorp : As per the latest Bank acquisition news, The First Bancshares, the holding company for The First, A National Banking Association has agreed to acquire First Florida Bancorp (FFB), the parent company of First Florida Bank in a cash-cum-stock deal worth around $85 million. As per the terms […]