ConnectOne Bancorp, Inc. (Nasdaq: CNOB), the parent company of ConnectOne Bank, announced a definitive merger agreement with The First of Long Island Corporation (Nasdaq: FLIC), the parent company of The First National Bank of Long Island. This merger will enable ConnectOne Bancorp to significantly expand its footprint on Long Island and the greater New York […]
Mutual Federal Bank, a prominent federally-chartered savings association, and Pulaski Savings Bank, an esteemed Illinois-chartered mutual savings bank, have jointly announced a strategic merger that is set to reshape the banking landscape in Chicago. The merger, anticipated to finalize in the first quarter of 2025, will see Mutual Federal Bank emerge as the surviving institution, […]
First National Corporation and Touchstone Bankshares, Inc. have successfully obtained the necessary regulatory approvals from the Federal Reserve Bank of Richmond and the Virginia Bureau of Financial Institutions for their planned all-stock merger. This approval paves the way for Touchstone Bank to be seamlessly integrated into First Bank immediately following the merger. Targeted for completion […]
PeoplesBank and Cornerstone Bank have officially declared their intent to merge their holding companies in a definitive agreement that will see the formation of a new, consolidated entity known as PeoplesBancorp, MHC. This merger is set to combine the strengths of both institutions to create one of the largest mutual multi-bank holding companies in the […]
National Bank of Canada (TSX: NA) has reached a definitive agreement to acquire Canadian Western Bank (TSX: CWB) in a transformative C$5 billion transaction that promises to reshape the Canadian banking landscape. This strategic move not only enhances National Bank’s footprint across Canada but also solidifies its commitment to providing comprehensive financial services on a […]
UBS Group AG has officially announced the completion of its merger with Credit Suisse AG, marking a significant consolidation in the global banking sector. This strategic move was finalized within the anticipated timeline, thanks to robust support from global regulators. Merger Details and Implications As of today, Credit Suisse AG has been deregistered from the […]
Shareholders of Dogwood State Bank (OTC: DSBX) and Community First Bancorporation (OTC: CFOK) have overwhelmingly approved the merger between Community First and Dogwood. The transaction, expected to close early in the third quarter of 2024, will significantly strengthen the combined entity’s market position with assets totaling approximately $2.13 billion. Strategic Implications of the Merger The […]
Burke & Herbert Financial Services Corp. (Nasdaq: BHRB) today announced the successful completion of its merger with Summit Financial Group, Inc. (Nasdaq: SMMF), marking a significant milestone in the history of both companies. Effective May 3, 2024, Summit Financial Group has merged with and into Burke & Herbert, including the merger of Summit Community Bank, […]
Burke & Herbert Financial Services Corp. (Nasdaq: BHRB) and Summit Financial Group, Inc. (Nasdaq: SMMF) announced they have secured all necessary regulatory approvals to finalize their merger of equals, previously announced on August 24, 2023. The deal, valued at approximately $371.5 million or $25.20 per share of Summit common stock, is based on the closing […]
In a landmark decision, shareholders of Peoples Financial Services Corp. (“Peoples”) (Nasdaq: PFIS) and FNCB Bancorp, Inc. (“FNCB”) (Nasdaq: FNCB) have given their nod to the proposed merger, a strategic move that promises to reshape the regional banking landscape. The approval, granted at special meetings of their respective shareholders, paves the way for FNCB to […]