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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