Tag: Banking acquisition news

NexTier to acquire Mars Bancorp to create $2.6bn Western PA community bank powerhouse

businessnewstoday- August 31, 2023

NexTier, Inc., the holding company of NexTier Bank, N.A., has agreed to acquire Mars Bancorp, Inc., the holding company of Mars Bank, in a significant ... Read More

Burke & Herbert, Summit Financial to merge in $371.5m all-stock deal

businessnewstoday- August 27, 2023

Burke & Herbert Financial Services Corp. ("Burke & Herbert") (Nasdaq: BHRB) and Summit Financial Group, Inc. ("Summit") (Nasdaq: SMMF) have made headlines by announcing a ... Read More

Savile Capital Group to acquire Farmers State Bankshares and Wyoming Bank & Trust

businessnewstoday- August 5, 2023

Wyoming-based Savile Capital Group has signed a stock purchase agreement with Farmers State Bankshares, Inc., the parent company of Wyoming Bank & Trust, for an ... Read More

California business banking to benefit from Banc of California, PacWest Bancorp merger

businessnewstoday- July 26, 2023

Banc of California, Inc. and PacWest Bancorp have entered into a definitive agreement to merge in an all-stock deal. Both boards unanimously approved the agreement, ... Read More

Oconee Federal Financial set to merge with Mutual Savings Bank in asset boost deal

businessnewstoday- July 20, 2023

Oconee Federal Financial Corp., the holding company for Oconee Federal Savings and Loan Association, and its subsidiary Oconee Federal, MHC, have announced an agreement to ... Read More

Republic Bancorp closes $51m acquisition of CBank and Commercial Industrial Finance

businessnewstoday- July 5, 2023

Republic Bancorp, the parent company of Republic Bank & Trust Company, has wrapped up the previously announced $51 million acquisition of CBank and its fully-owned ... Read More

United Community Banks completes acquisition of First Miami Bancorp

businessnewstoday- July 3, 2023

United Community Banks, Inc. (NASDAQ: UCBI), based in Blairsville, Georgia, has finalized its $115.9 million acquisition of the bank holding company, First Miami Bancorp, creating ... Read More

SVB Financial Group to sell SVB Securities to management-led group

businessnewstoday- June 18, 2023

SVB Financial Group is set to sell its investment banking business, SVB Securities, to a management team led by CEO and founder Jeff Leerink, and ... Read More

Mizuho Financial to acquire US-based M&A advisory firm Greenhill for $550m

businessnewstoday- May 24, 2023

Mizuho Financial Group (MHFG), one of the largest financial institutions in Japan, has reached an agreement to acquire Greenhill, an investment banking and merger and ... Read More

First Commonwealth Federal, Bellco Federal Credit Union to merge

businessnewstoday- May 16, 2023

Pennsylvania-based credit unions First Commonwealth Federal Credit Union (FCFCU) and Bellco Federal Credit Union have announced their intention to merge. The financial terms of the ... Read More