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, […]
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 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 […]