In a move set to redefine the banking landscape in Upstate New York, NBT Bancorp Inc. (NASDAQ: NBTB) and Evans Bancorp, Inc. (NYSE American: EVBN) have unveiled plans for a definitive merger agreement. This $236 million deal will see Evans Bancorp merge into NBT Bancorp, significantly expanding NBT’s geographic footprint and strengthening its market presence […]
In a significant move set to reshape the commercial banking landscape, First Busey Corporation (“Busey”) (Nasdaq: BUSE) and CrossFirst Bankshares, Inc. (“CrossFirst”) (Nasdaq: CFB) have announced a definitive agreement for a merger. The merger, valued at approximately $916.8 million based on Busey’s closing stock price of $27.39 as of August 26, 2024, will see CrossFirst […]
ELGA Credit Union (“ELGA CU”) and Marine Bancorp of Florida, Inc. (OTCMKTS: MBOF), the parent company of Marine Bank & Trust Company (“Marine Bank”), have announced a definitive agreement under which ELGA CU will acquire Marine Bank in an all-cash transaction valued at $43.75 per share. This strategic move, unanimously approved by the boards of […]
Atlanta Postal Credit Union (APCU), Georgia’s oldest and the largest postal credit union in the United States, alongside its subsidiary Center Parc Credit Union, has entered into a definitive agreement to acquire Affinity Bank, a subsidiary of Affinity Bancshares, Inc. (NASDAQ: AFBI). This strategic acquisition is set to reshape the financial landscape in Atlanta and […]
In a significant expansion move, United Bankshares, Inc. (NASDAQ: UBSI), the parent company of United Bank, has announced a definitive merger agreement with Piedmont Bancorp, Inc., the parent company of The Piedmont Bank. The deal, which is set to enhance United’s position as the 39th largest banking entity in the U.S. based on market capitalization, […]
Burke & Herbert Financial Services Corp. (Nasdaq: BHRB) and Summit Financial Group, Inc. (Nasdaq: SMMF) announced they have secured all necessary regulatory approvals to finalize their merger of equals, previously announced on August 24, 2023. The deal, valued at approximately $371.5 million or $25.20 per share of Summit common stock, is based on the closing […]
Wintrust Financial Corporation (Nasdaq: WTFC) is set to acquire Macatawa Bank Corporation (Nasdaq: MCBC) in an all-stock transaction valued at approximately $510.3 million, or $14.85 per share, marking a strategic expansion into West Michigan’s banking sector. This merger will unite Wintrust’s broad network of community banking services with Macatawa’s strong local presence in Holland, Michigan, […]
In a significant development in the banking sector, Prosperity Bancshares, Inc. (NYSE: PB), the esteemed parent company of Prosperity Bank, announced the successful completion of its merger with Lone Star State Bancshares, Inc. This strategic move, effective as of April 1, 2024, has led to the amalgamation of Lone Star State Bank of West Texas […]
In a significant move that reshapes the banking landscape of the mid-Atlantic region, Atlantic Union Bankshares Corporation has officially completed its merger with American National Bankshares Inc. The deal, which closed on April 1, 2024, was previously announced and has been keenly watched by industry insiders. This merger marks a pivotal step for Atlantic Union, […]