Turnaround complete, Bank Leumi seeks U.S. expansion
The Israeli-owned company, which spent the last half-decade addressing stagnation, is open to acquisitions or going public. ... Read full article
News Topic: Capital
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Merchants Bancorp acquiring deposit-rich bank in Illinois
The Indiana bank would add nearly $100 million in deposits with its purchase of FM Bancorp. ... Read full article
Speed worked to CenterState's advantage in Atlanta deal
Charter One wanted to sell itself quickly because it feared valuations had peaked, and CenterState was able to beat other potential suitors to the punch. ... Read full article
Southern Missouri Bancorp makes small deal in its home turf
The company will gain 10 branches and $145 million in loans after it buys Gideon Bancshares. ... Read full article
Midwest shopping spree continues for Equity in Kansas
The company, which has completed eight acquisitions since 2015, agreed to buy City Bank and Trust in Oklahoma. ... Read full article
First Mid-Illinois to boost fee income with SCB Bancorp acquisition
Nearly a third of the company's revenue will come from noninterest income after it buys SCB, which owns a large insurance and farmland management business. ... Read full article
Pennsylvania insurers to sell bank to Northwest Bancshares
Donegal Group and Donegal Mutual Insurance are selling the holding company for Union Community Bank in Lancaster County. ... Read full article
Blue Ridge Bankshares files FDIC application to form N.C. bank
The Virginia bank has submitted the paperwork for Carolina State Bank, adding to the list of groups looking to open the state's first de novo since 2009. ... Read full article
Seacoast makes big Orlando push with First Green acquisition
Seacoast's deposits in the central Florida city will increase by 49% after it completes the $133 million acquisition. ... Read full article
CapStar to expand in southeastern Tenn. with Athens Bancshares deal
The company will pay $114 million to gain 10 branches and $482 million in assets. ... Read full article
First Internet to raise $50M to support growth
First Internet Bancorp in Fishers, Ind., which went public in 2013, could also use the capital for acquisitions and other investments. ... Read full article
What made a Georgia bank pivot from IPO to sale?
Brand Group in Georgia was mulling a public offering but it opted to test the waters as a seller first. That decision led to one of the biggest deals announced this year. ... Read full article
Business First expanding in northern La. with Richland State deal
The company will gain $305 million in assets after completing the $51 million acquisition. ... Read full article
Va. bank faces pressure to return more capital to investors
Hilton Capital Management wants National Bankshares to buy back stock or declare a special dividend. ... Read full article
Orrstown locks down small acquisition in Pennsylvania
The company agreed to pay $32 million for Mercersburg Financial. ... Read full article
Alabama de novo raises $48M in initial capital
Organizers of CommerceOne Bank are one step closer to a planned opening this summer. ... Read full article
De novo bank in California is already a seller
Blue Gate Bank, which opened in January 2017, is being sold to Big Poppy Holdings. ... Read full article
De novo survivors on why they made the cut
More than a third of banks formed from 2006 to 2008 no longer exist. Leaders of three banks still in business share their tips on how they have remained open — and relevant. ... Read full article
When M&A challenges a bank’s comfort zone (in a good way)
Independent Bank had no intention of expanding outside Texas until it gained a few stray branches in a neighboring state. ... Read full article
Groups aims to open first post-crisis bank in Arizona
Organizers of Scottsdale Community Bank plan to raise a minimum of $16 million. ... Read full article