Tag: Banking acquisition news

Crédit Agricole sells 63.7% stake in Crédit du Maroc to Holmarcom

businessnewstoday- December 8, 2022

French banking group Crédit Agricole said that it effectively divested the first tranche of 63.7% of the stake it has in Crédit du Maroc to ... Read More

Eurobank to increase stake in Hellenic Bank to 26% in €70m deal

businessnewstoday- December 4, 2022

Eurobank S.A., a subsidiary of Eurobank Ergasias Services and Holdings (Eurobank Holdings), has agreed to acquire a 13.41% stake in Hellenic Bank Public Company, a ... Read More

U.S. Bancorp closes $8bn acquisition of MUFG Union Bank

businessnewstoday- December 4, 2022

U.S. Bancorp has wrapped up the previously announced $8 billion acquisition of the core regional banking franchise of MUFG Union Bank from Mitsubishi UFJ Financial ... Read More

HSBC to divest HSBC Canada to Royal Bank of Canada for $10bn

Raghuram Kadari- November 30, 2022

HSBC Holdings, through its wholly-owned subsidiary HSBC Overseas Holdings (UK), has agreed to sell HSBC Canada to the Royal Bank of Canada (RBC) for a ... Read More

First Community Bankshares to acquire North Carolina-based Surrey Bancorp

Raghuram Kadari- November 22, 2022

Virginia-based First Community Bankshares has agreed to acquire Surrey Bancorp, a bank holding company in North Carolina and its banking subsidiary, Surrey Bank & Trust ... Read More

Washington Federal to acquire Luther Burbank in $654m deal

Raghuram Kadari- November 14, 2022

Seattle-based Washington Federal, the holding company for Washington Federal Bank, has agreed to acquire California-based Luther Burbank and its fully-owned subsidiary, Luther Burbank Savings, in ... Read More

Republic Bancorp to acquire Commercial Industrial Finance owner CBank

Raghuram Kadari- October 29, 2022

US-based Republic Bancorp, the holding company of Republic Bank & Trust (Republic Bank), has agreed to acquire CBank and its fully-owned subsidiary Commercial Industrial Finance ... Read More

HV Bancorp to merge with Citizens Financial Services in $67m deal

Raghuram Kadari- October 20, 2022

HV Bancorp (HVBC), the holding company for Huntingdon Valley Bank (HVB), will merge with rival US bank holding company Citizens Financial Services (CZFS), the owner ... Read More

Seacoast Banking acquires Apollo Bank and Drummond Community Bank

BNT Reporter- October 10, 2022

Seacoast Banking Corporation of Florida has completed the $304 million acquisition of the parent companies of Apollo Bank and Drummond Community Bank. The transaction, which ... Read More

Home Federal Bancorp to acquire Louisiana rival Northwest Bancshares

BNT Reporter- October 7, 2022

Louisiana-based Home Federal Bancorp, the holding company of Home Federal Bank, has signed an agreement to acquire Northwest Bancshares, the holding company of the First ... Read More