HV Bancorp (HVBC), the holding company for Huntingdon Valley Bank (HVB), will merge with rival US bank holding company Citizens Financial Services (CZFS), the owner of First Citizens Community Bank (FCCB), in a deal worth around $67.4 million. The merger is expected to boost and increase the footprint of Citizens Financial Services in communities situated […]
Relation Insurance Services, an insurance brokerage backed by Aquiline Capital Partners, has acquired the assets of Insley Insurance and Financial Services based in Delaware. The financial terms of the deal were not revealed. Insley Insurance and Financial Services, which is located in Newark, is an independent agency that offers business, life, personal, health, and financial […]
Poly Medicure Limited, an Indian medical devices company, has announced the incorporation of a step-down subsidiary called PolyHealth Medical Inc. in the US. PolyHealth Medical Inc. is a fully-owned subsidiary of Poly Medicure B.V., Netherlands, which in turn is 100% owned by Poly Medicure Limited. Based in Dover, Delaware, PolyHealth Medical Inc. will be engaged […]
Larsen & Toubro (L&T) said that its fully-owned subsidiary Larsen & Toubro International has agreed to acquire a stake of 6.35% in Help Lightning, a Delaware-based B2B software as a service (SaaS) company for $2.5 million in cash. Help Lightning provides a mixed reality platform for enabling virtual collaboration for field service operations. Its cloud-based […]
Citizens Financial Services, the holding company for First Citizens Community Bank (FCCB), has wrapped up its previously announced acquisition of MidCoast Community Bancorp, the parent company for MidCoast Community Bank (MCB). First Citizens Community Bank is a Pennsylvania-chartered commercial bank, while MidCoast Community Bank is a Delaware-chartered commercial bank. As per the terms of the […]
US midstream company Enterprise Products Partners has commissioned its Mentone gas processing plant in Texas built at Loving County. The Mentone gas processing facility, which broke ground in October 2018, has been designed to process 300 million cubic feet per day (MMcf/d) of natural gas, and extract over 40,000 barrels per day (BPD) of natural […]
Whiting Petroleum, a Delaware oil and gas company, announced that it would slash its workforce by 33%, or 254 positions in a restructuring move, as per news on oil and gas jobs in Delaware. Of the total job cuts, 94 positions are executive and corporate positions. Whiting Petroleum expects to record $50 million of annual […]