Investors Bancorp, the parent company of Investors Bank, has wrapped up its previously announced stock cum cash acquisition worth $63.6 million of New York-based Gold Coast Bancorp, the parent company of Gold Coast Bank. Announced in July 2019 the acquisition was taken up by the New Jersey-based Investors Bancorp to expand its Long Island franchise. […]
Provident Financial Services, the parent company of Provident Bank, has signed an all-stock deal worth around $208.9 million with SB One Bancorp, the parent company of SB One Bank. The combined banking organization will have nearly $12 billion in assets and is expected to become the third-largest bank based in New Jersey. The merger is […]
Banco Santander has expanded its global trade platform for companies by acquiring a 50.1% stake in Spanish fintech company Mercury Trade Finance Solutions (Mercury TFS) for €30 million. Mercury TFS is a trade finance digitalization software provider, which specializes in software solutions designed for automating the end-to-end management of trade finance transactions for corporate customers. […]
Wings Financial Credit Union has agreed to acquire Neighborhood National Bank and its six branches located in Minnesota for an undisclosed price. Also based in Minnesota, Wings Financial Credit Union will add the six branches of Neighborhood National Bank located in Mora, North Branch, Brainerd, Aitkin, and Alexandria. Founded in 1963, Neighborhood National Bank has […]
CenterState, South State merger : CenterState Bank’s parent company CenterState Bank Corporation and South State Bank’s holding company South State Corporation have signed an all-stock merger of equals deal to create the eight largest bank headquartered in the US Southeast with a total market value of nearly $6 billion. According to the terms of the […]
Pacific Premier acquisition of Opus Bank : California-based Pacific Premier Bancorp, the holding company of Pacific Premier Bank, has signed an all-stock deal worth around $1.0 billion to acquire Opus Bank as per the latest banking acquisition news. The acquisition of the California-chartered commercial bank is expected to help Pacific Premier Bancorp create a banking […]
United Bankshares acquisition of Carolina Financial : United Bankshares, the parent company of United Bank, has signed a deal worth around $1.1 billion to acquire Carolina Financial, the parent company of CresCom Bank, as per the latest banking acquisition news. The merger between the two US bank holding companies will create a major community bank […]
French insurance giant AXA has signed a €620 million deal to sell AXA Bank Belgium, its Belgian banking operations, to Crelan Bank, a Belgium-based cooperative bank. The sale of AXA Bank Belgium is another major step taken by AXA in the execution of its Ambition 2020 strategy. The French insurer is looking to focus on […]
Spanish banking giant Banco Santander has signed a deal to divest its retail and commercial banking franchise in Puerto Rico – Banco Santander Puerto Rico to First BanCorp, the bank holding company of FirstBank Puerto Rico for about $1.1 billion. Considered to be the fourth largest banking franchise in the US territory, Banco Santander Puerto […]
BancPlus acquisition of State Capital Corp. : BancPlus and State Capital Corp. have agreed to merge to create a premier regional bank in the US in an all-stock deal worth around $136.5 million, as per the latest banking acquisition news. While BancPlus is the parent company of BankPlus, State Capital Corp. is the holding company […]