Tag archive for ‘Banking industry news’
By Soujanya Ravi On Sunday, January 5th, 2020

United Bankshares to buy rival bank holding firm Carolina Financial

(adsbygoogle = window.adsbygoogle || []).push({}); United Bankshares acquisition of Carolina Financial : United Bankshares, the parent company of United Bank, has signed a deal worth around $1.1 billion More...

By businessnewstoday On Saturday, October 26th, 2019

AXA to sell AXA Bank Belgium to Crelan Bank for €620m

French insurance giant AXA has signed a €620 million deal to sell AXA Bank Belgium, its Belgian banking operations, to Crelan Bank, a Belgium-based cooperative bank. The sale of AXA Bank Belgium is another major More...

By businessnewstoday On Tuesday, October 22nd, 2019

Santander to sell Puerto Rico banking business to FirstBank Puerto Rico

Spanish banking giant Banco Santander has signed a deal to divest its retail and commercial banking franchise in Puerto Rico – Banco Santander Puerto Rico to First BanCorp, the bank holding company of FirstBank More...

By Raghuram Kadari On Saturday, September 21st, 2019

BancPlus to acquire State Capital Corp. to enter Louisiana and Alabama markets

BancPlus acquisition of State Capital Corp. : BancPlus and State Capital Corp. have agreed to merge to create a premier regional bank in the US in an all-stock deal worth around $136.5 million, as per the latest More...

By Soujanya Ravi On Saturday, September 21st, 2019

Superior National Bank and Trust to acquire Main Street Bank for $42m

Keweenaw Financial, the parent company of Superior National Bank and Trust has agreed to acquire rival Michigan-based bank holding firm North Star Financial and its subsidiary Main Street Bank for $42 million. While More...

By Soujanya Ravi On Thursday, September 19th, 2019

US bank holding firms Reliant Bancorp and TCB Holdings to merge

Reliant Bancorp, the parent company of Reliant Bank, has agreed to acquire rival Tennessee-based bank holding company Tennessee Community Bank (TCB Holdings) in a cash-cum-stock deal worth around $37.2 million. TCB More...

By businessnewstoday On Friday, August 30th, 2019

First Midwest Bancorp to acquire Bankmanagers for $195m

Illinois-based based First Midwest Bank has signed a deal worth $195 million to acquire Wisconsin-based Bankmanager and its subsidiary Park Bank in a move to expand its business in Milwaukee. Park Bank, which was More...

By businessnewstoday On Sunday, August 11th, 2019

OceanFirst to acquire Two River Bank and Country Bank for $285m

Banking acquisition news : OceanFirst Financial, the parent company of New Jersey-based OceanFirst Bank, has agreed to acquire Two River Bancorp and Country Bank Holding Company, in two separate transactions for More...

By businessnewstoday On Sunday, August 4th, 2019

Chemical Financial TCF merger wrapped up

The previously announced $3.6bn all-stock Chemical Financial TCF merger has been wrapped up following receipt of required regulatory approvals, as per the latest banking acquisition news. As per the terms of the More...

By businessnewstoday On Tuesday, July 23rd, 2019

First Bancshares to acquire First Florida Bancorp for $85m

First Bancshares acquisition of First Florida Bancorp :  As per the latest Bank acquisition news, The First Bancshares, the holding company for The First, A National Banking Association has agreed to acquire First More...