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 […]
Karnataka Bank has reported an annual net profit of INR 482.57 crores for FY 2020-21, an 11.76% growth compared to last year’s net profit of INR 431.78 crores. The public sector commercial banking company had a net profit of INR 31.36 crores for the fourth quarter ended March 2021, which is a 14.83% increase compared […]
Glacier Bancorp, a Montana-based commercial banking company, has agreed to acquire Altabancorp, the holding company for Utah-based community bank Altabank for $933.5 million. Headquartered in American Fork, Altabank offers banking services to individuals and businesses across Utah and southern Idaho. It has 25 branches located from Preston, Idaho to St. George in Utah. As of […]
Fidelity D & D Bancorp has agreed to acquire rival Pennsylvania-based bank holding company Landmark Bancorp in a cash-cum-stock deal worth $43.4 million. Landmark Bancorp is the holding company of Landmark Community Bank, a community bank based in Pittston. Landmark Community Bank offers commercial banking services via five bank centers in Luzerne and Lackawanna counties. […]
Shivalik Small Finance Bank (SSFB) has secured a commercial banking license from the Reserve Bank of India (RBI) to operate as a small finance bank (SFB) in India. Headquartered in Saharanpur, Uttar Pradesh, Shivalik Small Finance Bank said that the license represents the successful completion of the last key step in its transition from Shivalik […]