Tag: Banking industry news

Provident Financial Services and Lakeland Bancorp to merge in $1.3bn deal

businessnewstoday- September 28, 2022

Publicly-listed New Jersey-based bank holding companies Provident Financial Services and Lakeland Bancorp have agreed to an all-stock merger deal worth around $1.3 billion. While Provident ... Read More

Infosys helps Suryoday SFB upgrade to modern digital banking platform

businessnewstoday- August 26, 2022

Infosys said that its digital banking solutions were deployed by Suryoday Small Finance Bank (SSFB), an Indian small finance bank, for its digital transformation. As ... Read More

McDonald’s takes down its Irish i...
McDonald’s takes down its Irish insurance company in move to Bermuda

Origin Bancorp closes $313m acquisition of Texas-based BT Holdings

businessnewstoday- August 3, 2022

Origin Bancorp, the holding company for Louisiana-based Origin Bank, has closed the previously announced $313.5 million worth acquisition of BT Holdings, the holding company for ... Read More

TD Bank to acquire American investment banking company Cowen for $1.3bn

businessnewstoday- August 2, 2022

Toronto-Dominion Bank (TD Bank Group) has agreed to acquire Cowen Inc., a publicly-listed American investment banking company, in an all-cash deal worth $1.3 billion or ... Read More

Persistent Systems helps Monument Bank build digital banking platform

businessnewstoday- August 2, 2022

Persistent Systems said that it was selected by Monument Bank, a UK-based neo bank, to develop a customized, cloud-native digital banking platform for lending and ... Read More

First Bancshares to acquire Heritage Southeast Bancorporation for $207m

businessnewstoday- July 29, 2022

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 ... Read More

Bank First Corporation to acquire rival Hometown Bancorp for $124m

businessnewstoday- July 27, 2022

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 ... Read More

HomeTrust Bancshares to acquire Quantum Capital Corp. for $67.6m

businessnewstoday- July 26, 2022

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. ... Read More

ICICI Bank Q1 2023 core operating profit up by 19% to Rs 102.7bn

businessnewstoday- July 25, 2022

ICICI Bank has reported a core operating profit of INR 10,273 crores ($1.3 billion) for the first quarter of the fiscal year 2023 (Q1 2023) ... Read More

HDFC Bank allots 2.58 million equity shares under ESOP

businessnewstoday- July 25, 2022

HDFC Bank said that it has allotted 2.58 million equity shares to its employees pursuant to exercising options under its employees stock options scheme (ESOS). ... Read More