ELGA Credit Union (“ELGA CU”) and Marine Bancorp of Florida, Inc. (OTCMKTS: MBOF), the parent company of Marine Bank & Trust Company (“Marine Bank”), have announced a definitive agreement under which ELGA CU will acquire Marine Bank in an all-cash transaction valued at $43.75 per share. This strategic move, unanimously approved by the boards of […]
Atlanta Postal Credit Union (APCU), Georgia’s oldest and the largest postal credit union in the United States, alongside its subsidiary Center Parc Credit Union, has entered into a definitive agreement to acquire Affinity Bank, a subsidiary of Affinity Bancshares, Inc. (NASDAQ: AFBI). This strategic acquisition is set to reshape the financial landscape in Atlanta and […]
In a significant development within the banking sector of the Pacific Northwest, Gesa Credit Union, headquartered in Richland, Washington, has entered into a definitive agreement to acquire substantially all assets and liabilities of Security State Bank, a subsidiary of Security State Corporation based in Centralia, Washington. The transaction, expected to complete in 2025, is subject […]
In a significant move within the UK banking sector, Coventry Building Society (CBS) has announced its acquisition of Co-operative Bank for a total of £780 million in an all-cash transaction. This strategic purchase includes major shareholders who collectively hold nearly 88% of the A shares and 100% of the B shares of the London Stock […]
In a significant development in the Danish banking sector, Sydbank A/S has officially announced its acquisition of Coop Bank A/S, which will now operate as a wholly owned subsidiary of Sydbank A/S. This acquisition not only broadens Sydbank’s customer base but also reinforces its service offerings across Denmark. The acquisition agreement includes a cash purchase […]
SouthState Corporation (NYSE: SSB) has entered into a definitive agreement to acquire Independent Bank Group, Inc. (NASDAQ: IBTX), based in McKinney, Texas, in an all-stock transaction valued at approximately $2 billion. This strategic move will significantly expand SouthState’s market presence, combining with Independent Bank Group’s substantial operations in key Texan markets and the Colorado Front […]
CBC Bancorp, the parent company of Commercial Bank of California (CBC), has announced a definitive agreement to acquire Bay Community Bancorp (OTC Pink: CBOBA), which owns Community Bank of the Bay (CBB). The transaction, valued at $14.00 per common share, represents a strategic consolidation of two significant banking entities in California. This merger will bring […]
West Coast Community Bancorp (OTCQX: “SCZC”), headquartered in Santa Cruz, California, and 1st Capital Bancorp (OTCQX: “FISB”), headquartered in Salinas, California, have announced a merger agreement valued at approximately $63 million. The all-stock transaction will see 1st Capital Bancorp merge into West Coast Community Bancorp, exchanging each FISB share for 0.36 SCZC shares, based on […]
In a significant expansion move, United Bankshares, Inc. (NASDAQ: UBSI), the parent company of United Bank, has announced a definitive merger agreement with Piedmont Bancorp, Inc., the parent company of The Piedmont Bank. The deal, which is set to enhance United’s position as the 39th largest banking entity in the U.S. based on market capitalization, […]
Heartland Group Holdings Limited (NZX/ASX: HGH), known for its significant presence in the financial services sector, has confirmed the completion of Heartland Bank Limited’s acquisition of Challenger Bank Limited from Challenger Limited (ASX: CGF). This acquisition marks a historic move as Heartland Bank becomes the first New Zealand registered bank to acquire an Australian authorised […]