Business First Bancshares, Inc. (NASDAQ: BFST), the holding company for b1BANK, has entered into a definitive agreement to acquire Oakwood Bancshares, Inc., and its wholly-owned subsidiary, Oakwood Bank, in an all-stock transaction valued at approximately $85.7 million. This transaction, based on Business First’s closing share price of $21.57 on April 22, 2024, marks a significant […]
Coventry Building Society, a prominent financial institution based in England, has announced its intention to acquire British banking company Co-operative Bank in an all-cash transaction valued at £780 million. This significant financial move is underpinned by an agreement on non-binding heads of terms between the two entities. Financial Structure of the Deal The deal’s structure […]
Wintrust Financial Corporation (Nasdaq: WTFC) is set to acquire Macatawa Bank Corporation (Nasdaq: MCBC) in an all-stock transaction valued at approximately $510.3 million, or $14.85 per share, marking a strategic expansion into West Michigan’s banking sector. This merger will unite Wintrust’s broad network of community banking services with Macatawa’s strong local presence in Holland, Michigan, […]
HSBC Latin America B.V., a subsidiary of HSBC Holdings plc, has finalized the sale of its Argentine operations to Grupo Financiero Galicia, marking a significant transaction in the banking sector. The deal, valued at $550 million, involves the complete transfer of HSBC’s Argentine business, including banking, asset management, and insurance sectors, along with $100 million […]
Capital Bancorp, Inc. (“CBNK”), a notable entity in the financial services sector, headquartered in Rockville, Maryland, and Integrated Financial Holdings, Inc. (“IFH”), based in Raleigh, North Carolina, have officially announced their merger under a definitive agreement. This agreement stipulates that CBNK will acquire IFH in a sophisticated cash and stock transaction valued at approximately $66 […]
Wayne Savings Bancshares, Inc. (OTCQX: WAYN) and Main Street Financial Services Corp. (OTCPK: MSWV), in a landmark announcement, have received the green light from the Federal Reserve Bank, the Federal Deposit Insurance Corp., the Ohio Division of Financial Institutions, and the West Virginia Board of Banking and Financial Institutions for a merger that is set […]
Bank of Georgia Group PLC (“BOGG”) has officially announced its plan to acquire 100% of Ameriabank CJSC, a leading Armenian bank, for approximately $303.6 million. This strategic move is poised to significantly bolster BOGG’s footprint and growth prospects in the fast-evolving and promising Armenian market. The acquisition, subject to shareholder and regulatory approvals, marks a […]
In a significant move within the banking sector, Hometown Financial Group, Inc., the esteemed holding company for bankESB, bankHometown, and Abington Bank, has entered into a strategic agreement with North Shore Bancorp, the parent company of North Shore Bank. This merger is poised to significantly enhance the banking landscape in Massachusetts and southern New Hampshire, […]
Tesco, a dominant force in the UK’s retail landscape, has entered into a definitive long-term strategic partnership with Barclays, a leading name in UK banking. This landmark agreement, initially set for a 10-year period, aims to revolutionize the provision of Tesco-branded banking products and services, leveraging both companies’ strengths to offer unparalleled value to customers. […]
Jefferies Financial Group Inc. (NYSE: JEF), in line with its vision to become the premier independent global Investment Banking and Capital Markets firm, has entered into an agreement for the sale of OpNet S.p.A’s operations to Wind Tre S.p.A, a subsidiary of CK Hutchison Group Telecom Holdings Ltd. (CKHGT). This significant transaction, valued at €485 […]