TD Bank Group has completed the previously announced $1.3 billion acquisition of Cowen, an American investment banking company listed on Nasdaq. The all-cash deal was announced by the Canadian banking group in August 2022 in an effort to expand its investment banking business and capabilities in the US. According to TD Bank Group, the acquisition […]
Freedom Holding Corp., an American company providing financial services, has signed a binding agreement to purchase Maxim Group LLC and its registered investment advisory (RIA) affiliate Maxim Financial Advisors in a cash and stock transaction valued at up to $400 million. The consideration includes deferred payments along with retention incentives. Based in New York, Maxim […]
Kotak Mahindra Bank (KMBL) has agreed to acquire Sonata Finance Private Limited (SFPL), an Indian non-banking finance company, from existing shareholders for about INR 537 crores in cash. Headquartered in Lucknow, Sonata Finance provides micro finance loans to economically weak people and especially to ladies via joint liability group (JLG) and individual lending (IL) mode. […]
Southern Missouri Bancorp, the Missouri-based holding company for Southern Bank, has completed its previously announced $140 million acquisition of Citizens Bancshares, the parent company of Citizens Bank & Trust Company. At the time of announcing the stock and cash deal in September 2022, Citizens Bank & Trust Company operated 14 banking centers across greater Kansas […]
Farmers National Banc Corp., an Ohio-based bank holding company, has closed the previously announced $105 million acquisition of Emclaire Financial Corp., a Pennsylvania-based bank holding company. The deal was announced by the bank holding companies in March 2022. As per the terms of the deal, Emclaire Financial, which is the parent company of the Farmers […]
Twig has acquired Vybe Technologies, a teen banking services provider in the UK, in a move to increase its market reach. The financial terms of the deal were not revealed by the London-based, new-generation fintech company. The latest transaction comes close on the heels of the acquisitions of UK businesses Loopster and Mobi.market. The acquisition […]
Mid Penn Bancorp, the parent company of Mid Penn Bank, has agreed to acquire Brunswick Bancorp, a holding company of Brunswick Bank & Trust, in a cash and stock deal valued at around $53.9 million, to expand its footprint into the central New Jersey market. As part of the agreement, half of Brunswick Bancorp’s common […]
The Community Financial Corporation (TCFC), the holding company of Community Bank of the Chesapeake, will merge with and into Shore Bancshares, the holding company of Shore United Bank, in an all-stock deal valued at around $254.4 million. The transaction between the two Nasdaq-listed firms is expected to create a bank holding company with around $6 […]
NBT Bancorp has agreed to acquire rival Nasdaq-listed rival bank holding company Salisbury Bancorp in an all-stock deal worth around $204 million. Salisbury Bancorp is a Connecticut-based community bank franchise, which had $1.51 billion in assets, $1.33 billion in deposits, and $1.18 billion in net loans as of 30 September 2022. Its main subsidiary is […]
French banking group Crédit Agricole said that it effectively divested the first tranche of 63.7% of the stake it has in Crédit du Maroc to Holmarcom, a Moroccan group. As per the agreement, Crédit Agricole will offload the second tranche of the remainder 15% to the Holmarcom group in a time period of 18 months. […]