Tag archive for ‘Banking acquisition news’
By businessnewstoday On Sunday, October 18th, 2020

First Citizens BancShares to acquire rival US bank firm CIT Group

(adsbygoogle = window.adsbygoogle || []).push({}); First Citizens BancShares, the parent company of First-Citizens Bank & Trust, has signed a $2.2 billion deal to acquire CIT Group, the parent More...

By Soujanya Ravi On Thursday, October 1st, 2020

Crédit Agricole CIB sells remaining stake in Banque Saudi Fransi for €332m

Crédit Agricole Corporate & Investment Bank (Crédit Agricole CIB) has completed the sale of its remaining 4% stake in Banque Saudi Fransi (BSF) for SAR1.45 billion (€332m) to a couple of Saudi Arabian government-related More...

By businessnewstoday On Tuesday, September 29th, 2020

First Mid Bancshares to acquire Providence Bank owner First Mid Bank & Trust

First Mid Bancshares, the parent company of First Mid Bank & Trust, has agreed to acquire LINCO Bancshares, the holding company for Missouri-based Providence Bank, in a cash-cum-stock deal worth around $144.9 More...

By businessnewstoday On Saturday, August 29th, 2020

Hanover Bancorp to acquire NY City-based commercial bank Savoy Bank

Hanover Bancorp, the parent company of Hanover Community Bank, has agreed to acquire New York City-based commercial bank Savoy Bank in a stock-cum-cash deal worth around $63 million. As per the terms of the deal, More...

By businessnewstoday On Saturday, August 29th, 2020

360 Finance gets approval for Kincheng Bank of Tianjin deal

360 Finance, a Chinese digital consumer finance platform, said that one of its affiliates 360 Group has secured approval from the China Banking and Insurance Regulatory Commission to wrap up its previously announced More...

By businessnewstoday On Friday, August 21st, 2020

Enterprise Financial Services, Seacoast Commerce Banc sign merger deal

US bank holding companies Enterprise Financial Services (EFSC) and Seacoast Commerce Banc (SCBH) have signed a $156 million worth deal to create a leading small business administration lender (SBA lender) in the More...

By businessnewstoday On Thursday, July 2nd, 2020

Bridge Bancorp, Dime Community Bancshares announce $489m merger deal

Bridge Bancorp, Dime Community merger : Bridge Bancorp has signed an all-stock merger deal worth about $489 million with rival New York State bank holding company Dime Community Bancshares. The merger deal is being More...

By Soujanya Ravi On Wednesday, June 3rd, 2020

Oppenheimer to acquire California-based investment bank Brandis Tallman

Oppenheimer & Co. has reached an agreement to acquire San Francisco-based investment bank Brandis Tallman for an undisclosed price in a move to fast track growth of its public finance investment banking business. Brandis More...

By businessnewstoday On Wednesday, May 27th, 2020

COVID-19 forces Texas Capital, Independent Bank to call off $5.5bn merger

The prevailing coronavirus pandemic has forced US bank holding companies Texas Capital Bancshares and Independent Bank Group to terminate their previously announced all-stock merger of equals worth $5.5 billion. Both More...

By businessnewstoday On Tuesday, April 28th, 2020

HSA Bank to acquire State Farm Bank’s health saving accounts

HSA Bank, a division of Webster Bank and Webster Financial, the holding company for Webster, has agreed to acquire the existing health savings accounts (HSAs) of State Farm Bank, a subsidiary of State Farm Mutual More...