LINKBANCORP, Inc. (NASDAQ: LNKB), the parent company of LINKBANK, has wrapped up the previously announced merger with Partners Bancorp (NASDAQ: PTRS). This strategic move, effective November 30, 2023, marks a significant expansion for LINKBANCORP in the Mid Atlantic banking sector. New Leadership and Regions under LINKBANK The merger sees the integration of The Bank of […]
Banc of California, Inc. has successfully completed its transformative merger with PacWest Bancorp, combining two significant financial entities. The merger has resulted in the creation of a combined bank operating under the Banc of California name and brand. Financial Details of the Merger The merger deal involved PacWest merging into Banc of California, with the […]
First Busey Corporation (NASDAQ:BUSE), the holding company for Busey Bank, and Merchants and Manufacturers Bank Corporation (M&M), the holding company for Merchants & Manufacturers Bank (M&M Bank), jointly announced a definitive agreement for Busey to acquire M&M Bank. The merger is set to enhance Busey’s presence in the suburban Chicago market, specifically in DuPage and […]
Eurobank S.A., under its parent company Eurobank Ergasias Services and Holdings S.A., has officially concluded the sale of Eurobank Direktna, its Serbian subsidiary, to AIK Banka a.d. Beograd. This significant transaction, finalized on November 2, 2023, followed the acquisition of all necessary regulatory approvals. The financial contours of the deal place the cash consideration for […]
GBank, operating under GBank Financial Holdings Inc. (OTCQX: GBFH), with assets totaling approximately $729.3 million as of September 30, 2023, announced its Board’s initiative to potentially merge with BankCard Services, LLC (“BCS”). A special subcommittee of four disinterested directors is assigned to assess this merger, focusing on delivering an impartial review and procuring a third-party […]
Deutsche Bank AG, a major player in the international banking arena, has triumphantly concluded its acquisition of the prestigious Numis Corporation Plc. With an intent to amalgamate the stellar reputations and strengths of both brands both locally and on a global scale, the merger proudly ushers in ‘Deutsche Numis’. This entity is gearing up to […]
Safra New York Corporation, which oversees Safra National Bank of New York, has consummated its acquisition of Delta North Bankcorp and its subsidiary, Delta National Bank and Trust Company. This acquisition is not merely a transaction; it signals a substantial milestone in Safra National Bank’s persistent journey of expansion in the realm of private banking […]
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 move set to reshape Western Pennsylvania’s banking landscape. This monumental merger will forge Western Pennsylvania’s top locally-owned and operated community bank, boasting assets surpassing $2.6 billion. The imminent merger will […]
Burke & Herbert Financial Services Corp. (“Burke & Herbert”) (Nasdaq: BHRB) and Summit Financial Group, Inc. (“Summit”) (Nasdaq: SMMF) have made headlines by announcing a definitive all-stock merger agreement. The merger, which values the deal at approximately $371.5 million or $25.20 per share of Summit Financial Group common stock, is set to create a bank […]
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 undisclosed price. Implications for the Future Operations of Wyoming Bank & Trust Wyoming Bank & Trust, organized in 1919, has total assets of $295 million and two locations in Cheyenne […]