NBT Bancorp and Evans Bancorp announce $236m merger to enhance Western New York presence

NBT Bancorp and Evans Bancorp announce $236m merger to enhance Western New York presence

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 […]

Chicago’s financial landscape set to transform as Mutual Federal Bank and Pulaski Savings Bank announce merger

Chicago’s financial landscape set to transform as Mutual Federal Bank and Pulaski Savings Bank announce merger

Mutual Federal Bank, a prominent federally-chartered savings association, and Pulaski Savings Bank, an esteemed Illinois-chartered mutual savings bank, have jointly announced a strategic merger that is set to reshape the banking landscape in Chicago. The merger, anticipated to finalize in the first quarter of 2025, will see Mutual Federal Bank emerge as the surviving institution, […]

First National and Touchstone Bankshares secure final approvals

First National and Touchstone Bankshares secure final approvals

First National Corporation and Touchstone Bankshares, Inc. have successfully obtained the necessary regulatory approvals from the Federal Reserve Bank of Richmond and the Virginia Bureau of Financial Institutions for their planned all-stock merger. This approval paves the way for Touchstone Bank to be seamlessly integrated into First Bank immediately following the merger. Targeted for completion […]

ELGA Credit Union to acquire Marine Bank in $43.75 per share all-cash deal

ELGA Credit Union to acquire Marine Bank in $43.75 per share all-cash deal

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 […]

LINKBANCORP to divest New Jersey operations to enhance focus on core markets

LINKBANCORP to divest New Jersey operations to enhance focus on core markets

LINKBANCORP, Inc. (NASDAQ: LNKB), a notable name in community banking, has announced a pivotal transaction involving its wholly owned subsidiary, LINKBANK. Under a definitive purchase and assumption agreement, American Heritage Federal Credit Union, based in Philadelphia, Pennsylvania, will acquire LINKBANK’s operations in New Jersey, including three branches that house approximately $105 million in deposits and […]

Burke & Herbert Financial Services completes merger with Summit Financial Group

Burke & Herbert Financial Services completes merger with Summit Financial Group

Burke & Herbert Financial Services Corp. (Nasdaq: BHRB) today announced the successful completion of its merger with Summit Financial Group, Inc. (Nasdaq: SMMF), marking a significant milestone in the history of both companies. Effective May 3, 2024, Summit Financial Group has merged with and into Burke & Herbert, including the merger of Summit Community Bank, […]

Fulton Financial Corporation acquires assets and deposits of Republic Bank

Fulton Financial Corporation acquires assets and deposits of Republic Bank

Fulton Financial Corporation (NASDAQ: FULT), through its subsidiary Fulton Bank, N.A., has completed a significant transaction involving the acquisition of substantially all assets and the assumption of nearly all deposits of Republic First Bank, known as Republic Bank, from the Federal Deposit Insurance Corporation (FDIC). This major deal, which has received all necessary regulatory approvals […]

Burke & Herbert Financial Services and Summit Financial Group inch towards closing merger deal

Burke & Herbert Financial Services and Summit Financial Group inch towards closing merger deal

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 […]

First Federal Bank to acquire Watson Mortgage Corp. to enhance customer service and expand operations

First Federal Bank to acquire Watson Mortgage Corp. to enhance customer service and expand operations

First Federal Bank has announced its acquisition of Watson Mortgage Corp., a move that is poised to significantly enhance its mortgage service capabilities and customer reach. The deal, whose financial details were not disclosed, will see First Federal Bank integrate Watson Mortgage’s operations and customer base into its extensive network. This strategic acquisition merges two […]