First Merchants Corporation, a financial services holding company in Central Indiana, has signed a merger deal worth around $323.5 million with Michigan-based bank holding company Level One Bancorp. Post-merger, Level One Bank, the banking subsidiary of Level One Bancorp, will merge with and into First Merchants Bank, the banking subsidiary of First Merchants Corporation. Level […]
BancFirst Corporation, a state chartered bank in Oklahoma, has agreed to acquire Texas-based Worthington National Bank for an undisclosed price. Worthington National Bank is an Office of the Comptroller of the Currency (OCC) chartered bank. As of 30 September 2021, the bank had nearly $462.6 million in total assets, loans of $269 million, and deposits […]
BancorpSouth Bank and Cadence Bancorporation, the parent company of Cadence Bank, have secured the final approval for their previously announced merger, which has come from the US Federal Deposit Insurance Corporation (FDIC). The approval from FDIC follows approvals by the Mississippi Department of Banking and Consumer Finance and shareholders of both the bank holding companies. […]
German American Bancorp, an Indiana-based bank holding company, has signed a merger deal worth around $154 million with Citizens Union Bancorp of Shelbyville (CUB). The deal was announced in late September 2021. Based in Kentucky, Citizens Union Bancorp of Shelbyville is the bank holding company for Citizens Union Bank of Shelbyville. The bank’s branch offices […]
Peoples Bancorp, an Ohio-based financial services holding company, has wrapped up its previously announced $292.3 million acquisition of Premier Financial Bancorp, a West Virginia-based bank holding company. The all-stock merger deal was announced in March 2021. The combined company, which will operate as Peoples Bancorp, has nearly $6.7 billion in total assets, total loans of […]
National Australia Bank Limited (NAB) has agreed to acquire the Australian consumer business of Citigroup for AUD 1.2 billion ($880 million). Citi’s Australian consumer bank business includes residential mortgages of AUD 7.9 billion, deposits of AUD 9 billion, and unsecured lending of AUD 4.3 billion, which will be transferred to National Australia Bank along with […]
Bank of Marin Bancorp, the parent company of Bank of Marin, has wrapped up its previously announced $125 million acquisition of American River Bankshares, the owner of American River Bank. Both the bank holding companies are based in California. Bank of Marin is a business and community bank in the San Francisco Bay Area with […]
New York Community Bancorp’s previously announced $2.6 billion acquisition of Flagstar Bancorp has been approved by shareholders of both banks. The all-stock deal, which was announced in April 2021, is anticipated to be finalized during the fourth quarter. It remains to be subject to the meeting of some closing conditions and regulatory approvals. Sandro DiNello […]
POSTD Merchant Banque said that it has acquired a controlling stake in Banco PyME de la Comunidad SA., a South American banking group, for an undisclosed price. Banco PyME is engaged in funds, trusts, and other financial instruments, and other commercial services. With more than 400 employees, the South American bank operates offices and branches […]
Danske Bank has agreed to sell its international private banking activities in Luxembourg operating as Danske Bank International (DBI) to Switzerland-based Union Bancaire Privée (UBP). The Danish banking group expects the sale to give it a one-off gain of nearly DKK 250 million ($39.89 million). Danske Bank said that the transaction represents its efforts to […]