Mississippi-based First Bancshares has agreed to acquire rival American bank holding company Heritage Southeast Bancorporation in an all-stock deal worth around $207 million. First Bancshares is the parent company of The First Bank, while Heritage Southeast Bancorporation owns the Heritage Southeast Bank, based in Jonesboro, Georgia. The deal is expected to deepen the footprint of […]
Bank First Corporation has agreed to acquire rival Wisconsin-based bank holding company Hometown Bancorp in a stock and cash deal worth around $124 million. While Bank First Corporation is the holding company of Bank First, a nationally-chartered community bank based in Manitowoc, Hometown Bancorp is the parent company of Hometown Bank, a state-chartered bank based […]
HomeTrust Bancshares, a North Carolina-based bank holding company, has signed a stock and cash deal worth around $67.6 million to acquire Atlanta-based Quantum Capital Corp. Quantum Capital Corp. is the parent of Quantum National Bank, a $660 million asset bank that has three locations in the Atlanta metro region. Presently, Quantum National Bank operates as […]
Emclaire Financial Corp., a Pennsylvania-based bank holding company, has secured shareholder approval for the previously announced $105 million merger deal with Ohio-based Farmers National Banc Corp. Over 98% of Emclaire Financial shareholders’ votes were cast in favor of approving the deal that was announced in March 2022. Emclaire Financial, which is the parent company of […]
The First Bancshares said that it has secured all the necessary regulatory approvals for closing the previously announced $116.7 million acquisition of Beach Bancorp, the holding company for Florida-based Beach Bank. According to the Mississippi-based holding company, the all-stock deal is expected to close on 1 August 2022. It will be contingent on customary closing […]
Fulton Financial Corporation has completed the previously announced $142.1 million acquisition of Prudential Bancorp, a Philadelphia-based bank holding company. The stock and cash transaction was announced in March 2022. In June 2022, it was approved by shareholders of Prudential Bancorp. Prudential Bank, which is the subsidiary of Prudential Bancorp, will operate as an independent subsidiary […]
Jyske Bank has signed a deal to acquire Handelsbanken Denmark, the Danish subsidiary of Svenska Handelsbanken, a Swedish consumer banking company. As per the terms of the deal, Jyske Bank will pay a cash consideration, which will be decided at closing for the assets and liabilities of Handelsbanken Denmark along with DKK 3 billion ($426 […]
Ohio-based Farmers & Merchants Bancorp has agreed to acquire Peoples-Sidney Financial Corporation (PPSF) in a stock and cash deal worth $27 million. Peoples-Sidney Financial owns Peoples Federal Savings and Loan Association, which offers financial products and services. Peoples Federal Savings and Loan Association is based in Sidney, Ohio. As of 31 March 2022, Peoples-Sidney Financial […]
Fulton Financial Corporation said that shareholders of Prudential Bancorp have voted to approve the former’s previously announced $142.1 million acquisition of the latter and its subsidiary. The stock and cash deal was announced in March 2022. Located in Philadelphia, Prudential Bancorp secured over 98% of the votes in favor of the deal. E. Philip Wenger […]
Jyske Bank, a Denmark-based banking company, has confirmed market rumors that it is in talks to acquire the Danish operations of Swedish consumer banking company Svenska Handelsbanken. According to Jyske Bank, no agreement on the potential deal has been reached by the parties. Svenska Handelsbanken, which has also confirmed about the discussions, on its website, […]