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September 1, 2023
NexTier, Inc. and Mars Bancorp, Inc. Announce Merger
NexTier, Inc., the holding company of NexTier Bank, N.A., and Mars Bancorp, Inc., the holding company of Mars Bank, jointly announced the parties have entered into a definitive agreement for NexTier...
By Dan Pender
June 9, 2023
Fifth Third Bancorp bid for First Republic before sale to JPMorgan
Fifth Third Bancorp was one the banks that submitted final bids for First Republic Bank before it was sold to JPMorgan Chase & Co, people familiar with the matter said. PNC Financial Services Group...
By Dan Pender
May 26, 2023
Fifth Third Announces Acquisition of Rize Money, Inc.
Fifth Third Bancorp announced the acquisition of Rize Money, Inc., an embedded payments platform that provides payment infrastructure and risk management capabilities to fintechs and other technology...
By Dan Pender
April 6, 2023
Presta Raises $3.3 Million Pre-Seed Funding
Presta, an end-to-end digital lending platform that modernizes and accelerates the loan origination process, announced its launch after raising $3.3 million in oversubscribed pre-seed fundraise. Led...
By Dan Pender
March 3, 2023
Buckeye State Bank To Acquire Rockhold Bank
Buckeye State Bancshares, Inc., parent company of Buckeye State Bank, and Rockhold Bancshares, Inc., parent company of Rockhold Bank announced the signing of a definitive merger agreement to which...
By Dan Pender
October 7, 2022
PNC Acquires Fintech Firm Linga
The PNC Financial Services Group, Inc. has acquired Linga, a point of sale (POS) and payments solutions firm providing a cloud-based restaurant operating system. The acquisition of Linga and its...
By Dan Pender
October 7, 2022
Civista Bancshares, Inc. to Acquire Vision Financial Group, Inc.
Sandusky, Ohio-based Civista Bancshares, Inc. announced the signing of a definitive stock purchase agreement pursuant to which Civista will acquire all of the issued and outstanding shares of...
By Dan Pender
October 7, 2022
There’s a Bumpy Road Ahead In M&A
C. Forrest Tefft, head of corporate finance at Northwest Bank, has, over more than four decades in investment banking, raised more than $14 billion in bank capital and was the originator of more than 70 transactions. Tefft discusses some of the hurdles businesses face in a near post-pandemic world and the things they should consider before making any M&A transactions. ...
By Dan Pender
June 8, 2020
Wintrust’s Paul Carlisle: Investors Who Weather Pandemic Will Find Deal Opportunities On Other Side
Paul Carlisle discusses how investors view the current deal market and what business owners can do to prepare for the second half of the year....
By Dustin S. Klein & Mark Scott
May 11, 2020
PNC intends to sell BlackRock investment
The PNC Financial Services Group Inc. plans to sell its investment in BlackRock Inc. through a registered offering and related buyback by BlackRock. PNC currently holds shares that represent 22.4 percent ownership....
By Jayne Gest
April 23, 2020
Greg Achten: Strategic Tips On How To Manage Your Investments In The Wake Of Economic Crisis
Liquidity is often an elusive goal in the wake of an economic downturn. As business owners and investors try to collect themselves in the wake of the COVID-19 pandemic, Greg Achten has found that many of his clients at UBS are in decent shape....
By Dustin S. Klein & Mark Scott
April 8, 2020
Heartland Completes Purchase of Kentucky's Victory Community Bank
Whitehall-based Heartland BancCorp has completed its acquisition of Ft. Mitchell, Ky.-based Victory Community Bank for 58,934 shares of Heartland common stock and $35.5 million in cash....
By Michael Marzec
March 4, 2020
Chemical Bank’s Jim Robinson: Family Offices On The Rise As Entrepreneurs Look To Deal
The dealmaking environment in Detroit is alive and well, says Chemical Bank’s Jim Robinson. Family offices are one trend driving increased M&A activity....
By Mark Scott
January 20, 2020
First Federal Bank, Home Savings Bank Merger Gets Fed Approval
The transaction was announced on September 9, 2019, and is expected to close on Jan. 31, pending the satisfaction of all closing considerations....
By Mark Scott
January 7, 2020
Geauga Savings Bank, Farmers National Bank Complete Merger
Canfield-based Farmers now has $2.7 billion in banking assets, over $1.3 billion in trust assets and operates 41 branches in Northeast Ohio and Western Pennsylvania....
By Mark Scott
January 3, 2020
Level One Bancorp, Ann Arbor Bancorp Complete Merger
The size of the combined company is approximately $1.8 billion in assets, $1.4 billion in loans and $1.5 billion in deposits, based on information as of Sept 30, 2019....
By Mark Scott
December 19, 2019
WesBanco to repurchase stock
WesBanco Inc., a diversified, multi-state bank holding company headquartered in Wheeling, West Virginia, has authorized the adoption of a new stock repurchase plan for the purchase of up to an additional 1.7 million shares of WesBanco common stock representing approximately 2.5 percent of outstanding shares on the open market....
By Jayne Gest
December 9, 2019
Fidelity Savings and Loan, Washington Savings Bank, William Penn Bancorp to merge
When combined, William Penn Bank will be the second-largest mutual institution in Eastern Pennsylvania with 11 branches, $663 million in assets, $475 million in deposits, and equity of approximately $98 million....
By Adam Burroughs
December 3, 2019
Westfield Bank’s Jon W. Park: How To Turn ‘Not For Sale’ Into ‘Sold’
Don’t let a potential seller get away because you failed to realize what was going on behind the scenes....
By Jon W. Park
December 2, 2019
Heartland Bank to buy Cincy’s Victory Community Bank
Whitehall-headquartered Heartland BancCorp has agreed to merge Victory Community Bank, a federal savings association with its main office in Ft. Mitchell, Kentucky, into Heartland Bank, in a transaction valued at approximately $41.1 million....
By Jayne Gest
November 22, 2019
WesBanco completes Old Line purchase
Wheeling, West Virginia-headquartered WesBanco Inc. has closed its acquisition of Old Line Bancshares Inc., which was announced in July. The transaction creates a multi-state bank holding company of approximately $15.7 billion in total assets....
By Jayne Gest
November 20, 2019
Community Bank repurchases stock
CB Financial Services Inc., the holding company for Community Bank, plans to repurchase up to $5 million of the Washington, Pennsylvania, company’s outstanding common stock, which represents approximately 3.2 percent of outstanding shares....
By Jayne Gest
October 29, 2019
Northwest Bank to enter Indiana through MutualFirst merger
Northwest Bancshares Inc. has agreed to acquire MutualFirst, the Muncie, Indiana-based holding company and parent of MutualBank, in an all-stock transaction valued at $39.89 per share, or approximately $346 million. The transaction is expected to increase Northwest’s standalone earnings per share and give the bank access to an attractive new region of prospective customers....
By Jayne Gest
October 28, 2019
CFBank parent announces $25M capital raise
Central Federal Corp., the parent of CFBank, has agreed to issue up to $25 million in common and convertible preferred stock in a private placement to institutional and other accredited investors. The company intends to use the proceeds to fund organic growth of Worthington-headquartered CFBank, to support CFBank’s capital ratios and for general corporate purposes....
By Jayne Gest
October 9, 2019
Middlefield Banc Corp. Declares Two-For-One Stock Split
Each shareholder of record at the close of business on Oct. 25 will receive one additional share for every outstanding share held on the record date. The additional shares are payable on Nov. 8....
By Mark Scott
October 1, 2019
PNC Bank’s franchise finance sale closes
Maryland-headquartered MidCap Financial has closed its acquisition of substantially all of PNC Bank’s franchise finance loan portfolio. The transaction further establishes MidCap Financial’s strong position in the middle market lending space....
By Jayne Gest
October 1, 2019
ChoiceOne Bank Completes Acquisition of Lakestone Bank
The combined holding company is traded on the OTC Pink Open Market under the symbol COFS....
By Michael Marzec
September 23, 2019
FNB announces $150M stock repurchase
F.N.B. Corp.’s board has authorized a stock repurchase program for the repurchase of up to an aggregate of $150 million of its common stock....
By Jayne Gest
September 17, 2019
S&T Bancorp share repurchase plan
The board of S&T Bancorp Inc., the holding company for S&T Bank with locations in Pennsylvania, Ohio and New York, authorized a new share repurchase plan at its regular meeting Sept. 16, 2019. This new repurchase authorization, effective through March 31, 2021, permits S&T to repurchase up to $50 million in shares of S&T’s common stock through open market and privately negotiated repurchases....
By Jayne Gest
September 9, 2019
First Commonwealth closes Santander Bank deal
First Commonwealth Financial Corp.’s banking subsidiary, First Commonwealth Bank has completed the purchase of 14 central Pennsylvania retail banking locations from Santander Bank, N.A. This transaction expands First Commonwealth’s presence into the markets of State College, Lock Haven, Williamsport and Lewisburg....
By Jayne Gest
September 6, 2019
The Savings Bank buys Helpbringer Mortgage
The Savings Bank of Circleville completed its purchase of Helpbringer Mortgage Services Inc. on Aug. 31, 2019. The acquisition of the Worthington-based mortgage company marks The Savings Bank’s first business venture in Franklin County....
By Jayne Gest
September 3, 2019
Monroe Bank & Trust, First Merchants Bank Complete Merger
Since its founding in 1858, Monroe Bank & Trust grew to one of the largest community banks in the state with total assets of $1.3 billion, total loans of $769 million, and total deposits of $1.2 billion (96% of which are core) as of June 30....
By Mark Scott
August 30, 2019
Farmers National Banc, Maple Leaf Financial to merge
Farmers National Banc Corp., the holding company for The Farmers National Bank of Canfield, and Maple Leaf Financial Inc., the holding company for Geauga Savings Bank, are merging....
By Adam Burroughs
August 28, 2019
First Midwest To Buy Park Bank In $195M Deal
Park Bank is one of the largest independent commercial banks in Milwaukee with approximately $1 billion of total assets, $815 million of deposits — of which approximately 85% are core deposits — and $700 million of loans....
By Mark Scott
August 13, 2019
Level One Bancorp To Merge With Ann Arbor Bancorp In $67.8M Deal
Upon completion of the merger, the combined company will operate under the Level One name and have over $1.8 billion in assets, $1.4 billion in loans and $1.5 billion in deposits, based upon financials as of June 30....
By Mark Scott
August 1, 2019
Chemical, TCF deal closes
CF Financial Corp. has closed its previously announced merger of equals in which legacy TCF Financial Corp. merged into Chemical Financial Corp., with Chemical as the surviving company. Upon the closing, Chemical was renamed TCF Financial Corp., and its common shares will trade on The NASDAQ Stock Market under the symbol “TCF.”...
By Jayne Gest
July 25, 2019
Wintrust To Buy Countryside Bank In $90.5M Deal
Countryside has $594 million in assets and six branches in the Chicagoland area....
By Mark Scott
July 9, 2019
CIBC Agrees To Buy Milwaukee-based Cleary Gull
CIBC is based in Toronto, with its U.S. headquarters in Chicago. The company has 10 million personal banking, business, public sector and institutional clients....
By Mark Scott
June 17, 2019
Associated completes acquisition of Huntington’s Wisconsin branches
Associated Banc-Corp closed its acquisition of the Wisconsin branch banking operations of The Huntington National Bank for approximately $34 million....
By Jayne Gest
June 14, 2019
Consumers Bancorp to buy Peoples Bancorp
As of March 31, Peoples Bank had approximately $79 million in assets, $53 million in loans and $70 million in deposits....
By Adam Burroughs
June 6, 2019
S&T Bank to acquire DNB First for $206M in stock
Following the deal that expands S&T Bank’s footprint into Southeastern Pennsylvania, the bank will have approximately $8.4 billion in total assets....
By Jayne Gest
April 3, 2019
FNB’s Boyd Pethel: How to invest with a flat yield curve, low interest rates
The economy may be slowing, but there’s good news for investors who are worried about rising interest rates, says First National Bank’s Boyd Pethel....
By Mark Scott
April 3, 2019
KeyBank wraps up Laurel Road acquisition
The acquisition of Laurel Road, is part of the bank's strategy to build targeted scale against defined client segments such as health care professionals, lawyers, and graduate students....
By Adam Burroughs
April 1, 2019
Park National Corp., CAB Financial Corp. merge
Park National Corp. and CAB Financial Corp. have completed their merger, which folds CAB’s banking subsidiary in as a community banking division of The Park National Bank....
By Adam Burroughs
March 26, 2019
'Merger of equals' will create $1.3B banking institution
ChoiceOne Financial Services, the parent company of ChoiceOne Bank, and County Bank, the parent company of Lakestone Bank & Trust, are merging to form the 12th-largest bank holding company in Michigan....
By Adam Burroughs
March 26, 2019
University Lending Group buys assets of Huron Valley Financial
University Bancorp Inc. subsidiary University Lending Group has acquired certain assets of Huron Valley Financial Inc., a privately held mortgage banking firm also based in Ann Arbor, Michigan....
By Adam Burroughs
