Tag archive for ‘Banking acquisition news’
By Soujanya Ravi On Thursday, January 21st, 2021

Bank Audi sal to sell Egyptian subsidiary to First Abu Dhabi Bank

(adsbygoogle = window.adsbygoogle || []).push({}); Lebanon-based Bank Audi sal has agreed to divest its Egyptian subsidiary – Bank Audi sae to UAE-based First Abu Dhabi Bank (FAB) for an undisclosed More...

By businessnewstoday On Monday, November 16th, 2020

PNC Financial Services to acquire BBVA USA Bancshares for $11.6bn

PNC Financial Services Group has signed an all-cash deal worth $11.6 billion to acquire BBVA USA Bancshares, the US banking arm of Spanish banking giant BBVA. Based in Texas, BBVA USA Bancshares, through its subsidiary More...

By businessnewstoday On Tuesday, November 3rd, 2020

Pinnacle Bankshares wraps up merger with Virginia Bank Bankshares

Pinnacle Bankshares, the holding company for First National Bank, has wrapped up its merger with Virginia Bank Bankshares, the holding company for Virginia Bank and Trust. According to Pinnacle Bankshares, the merger More...

By businessnewstoday On Wednesday, October 28th, 2020

Equity Bancshares acquires Almena State Bank in Kansas

Equity Bancshares has acquired all the deposits and assets of Almena State Bank for an undisclosed price, in a move to expand its presence in Kansas. A purchase and assumption agreement was facilitated by the Federal More...

By businessnewstoday On Tuesday, October 20th, 2020

Michigan-based Community Shores Bank integrates into ChoiceOne Bank

ChoiceOne Financial Services, the parent company of Michigan-based ChoiceOne Bank, has completed consolidation of its previously announced $20.88 million acquisition with Community Shores Bank. Following this, Community More...

By businessnewstoday On Sunday, October 18th, 2020

First Citizens BancShares to acquire rival US bank firm CIT Group

First Citizens BancShares, the parent company of First-Citizens Bank & Trust, has signed a $2.2 billion deal to acquire CIT Group, the parent company of CIT Bank, in a move to create the 19th largest bank in 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...