M&T Bank to acquire People’s United Financial in $7.6bn all-stock deal

Pallavi Madhiraju- February 28, 2021 0

M&T Bank Corporation has signed an all-stock deal worth around $7.6 billion to acquire rival US bank holding company People's United Financial. Headquartered in Bridgeport, ... Read More

Union Bank of India wraps up IT integration of Andhra Bank

Pallavi Madhiraju- January 26, 2021 0

Union Bank of India (UBI) said that the IT integration of all erstwhile Andhra Bank’s branches have been wrapped up. It can be recalled that ... Read More

Bank Audi sal to sell Egyptian subsidiary to First Abu Dhabi Bank

Soujanya- January 21, 2021 0

Lebanon-based Bank Audi sal has agreed to divest its Egyptian subsidiary - Bank Audi sae to UAE-based First Abu Dhabi Bank (FAB) for an undisclosed ... Read More

PNC Financial Services to acquire BBVA USA Bancshares for $11.6bn

Pallavi Madhiraju- November 16, 2020 0

PNC Financial Services Group has signed an all-cash deal worth $11.6 billion to acquire BBVA USA Bancshares, the US banking arm of Spanish banking giant ... Read More

Pinnacle Bankshares wraps up merger with Virginia Bank Bankshares

Pallavi Madhiraju- November 3, 2020 0

Pinnacle Bankshares, the holding company for First National Bank, has wrapped up its merger with Virginia Bank Bankshares, the holding company for Virginia Bank and ... Read More

Equity Bancshares acquires Almena State Bank in Kansas

Pallavi Madhiraju- October 28, 2020 0

Equity Bancshares has acquired all the deposits and assets of Almena State Bank for an undisclosed price, in a move to expand its presence in ... Read More

Michigan-based Community Shores Bank integrates into ChoiceOne Bank

Pallavi Madhiraju- October 20, 2020 0

ChoiceOne Financial Services, the parent company of Michigan-based ChoiceOne Bank, has completed consolidation of its previously announced $20.88 million acquisition with Community Shores Bank. Following ... Read More

First Citizens BancShares to acquire rival US bank firm CIT Group

Pallavi Madhiraju- October 18, 2020 0

First Citizens BancShares, the parent company of First-Citizens Bank & Trust, has signed a $2.2 billion deal to acquire CIT Group, the parent company of ... Read More

Crédit Agricole CIB sells remaining stake in Banque Saudi Fransi for €332m

Soujanya- October 1, 2020 0

Crédit Agricole Corporate & Investment Bank (Crédit Agricole CIB) has completed the sale of its remaining 4% stake in Banque Saudi Fransi (BSF) for SAR1.45 ... Read More

First Mid Bancshares to acquire Providence Bank owner First Mid Bank & Trust

Pallavi Madhiraju- September 29, 2020 0

First Mid Bancshares, the parent company of First Mid Bank & Trust, has agreed to acquire LINCO Bancshares, the holding company for Missouri-based Providence Bank, ... Read More