US-based bank holding companies VyStar Credit Union and Heritage Southeast Bancorporation (HSBI) have mutually agreed to scrap their previously announced merger deal owing to regulatory hurdles. VyStar Credit Union is a Florida-based credit union, while Heritage Southeast Bancorporation is the holding company for Heritage Southeast Bank, a Georgia-based state-chartered bank. Under the deal that was […]
Rhode Island-based Citizens Financial Group has wrapped up the previously announced acquisition of private investment banking firm DH Capital. The financial terms of the deal announced in December 2021 were not disclosed. Based in New York City, DH Capital caters to companies in the software, internet infrastructure, and next generation IT services, and communications sectors. […]
Middlefield Banc has signed a merger deal worth $64.4 million with rival Ohio-based bank holding company Liberty Bancshares. While Middlefield Bancis the bank holding company for The Middlefield Banking Company, Liberty Bancshares is the parent of Liberty National Bank. Middlefield Banc will be the surviving bank holding company and Middlefield Banking will be the surviving […]
First Bank of Alabama has agreed to acquire the Heflin and Ranburne branches of Southern States Bank in Alabama for an undisclosed price. Through the deal, First Bank of Alabama will gain the physical locations and most of the loan and deposit accounts related to the two Southern States Bank branches. Southern States Bank is […]
Oma Savings Bank Plc (OmaSp), a Finnish savings bank, said that it has started talks to acquire the bank business of Liedon Säästöpankki (Liedon Savings Bank) and merge it into its fold. The merger is likely to take place during the coming 12 months, said Oma Savings Bank, which mainly focuses on retail banking through […]
First Bancshares, the Mississippi-based holding company for The First Bank, has agreed to acquire Beach Bancorp (BBI), the parent company of Florida-based Beach Bank in an all-stock deal worth around $116.7 million. The deal is expected to expand the footprint of The First Bank in the Florida panhandle. It will also enable an entry into […]
SoFi Technologies has wrapped up the previously announced $22.3 million acquisition of California-based bank holding company Golden Pacific Bancorp and its fully-owned subsidiary Golden Pacific Bank, National Association. The deal was announced by the digital personal finance company in March 2021. Virginia Varela — Golden Pacific Bank President and CEO said: “This new partnership will […]
Singapore Telecommunications (Singtel) has acquired a stake of around 16.26% in Bank Fama International, an Indonesian bank, for IDR 500 billion ($35 million). The transaction was carried out by its fully-owned subsidiary — Singtel Alpha Investments by purchasing 2.4 billion new shares issued by the Indonesian bank. According to Singtel, the cash consideration was determined […]
Simmons First National Corporation, the owner of Simmons Bank, has agreed to acquire smaller rival US bank holding company Spirit of Texas Bancshares, the owner of Spirit of Texas Bank SSB, in a deal worth around $581 million. Based in Texas, Spirit of Texas Bancshares operates 37 locations mainly in Dallas-Fort Worth, Houston, San Antonio […]
Allegiance Bancshares, the holding company of Allegiance Bank, and CBTX, the parent company of CommunityBank of Texas, have signed an all-stock merger of equals. The deal is expected to create a combined bank holding company with an equity market capitalization of around $1.5 billion, which will also have the 17th largest deposit market share in […]