Banking acquisition news : Chemical Financial, the Michigan-based bank holding company which owns the Chemical Bank has signed an all-stock deal worth $3.6 billion to acquire Minnesota-based TCF Financial, the parent company of TCF Bank. TCF will merge into Chemical Financial, as per the terms of the deal. The enlarged bank holding company and bank […]
Bank acquisition news : First-Citizens Bank & Trust, the owner of First Citizens Bank, has agreed to acquire Spartanburg-based First South Bancorp, the holding company of First South Bank, for $37.5 million. Established in 1996, First South Bank through four branch locations in Spartanburg, East Spartanburg, Greenville and Bluffton/Hilton Head offers banking services in South […]