Growth strategies

Banco Espirito Santo finds new buyer for Brickell Bank

05/20/19

Banesco USA agreed to buy Brickell more than a year after Banco Espirito tried to sell the Miami bank to a Swiss financier.

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Virginia bank to move headquarters as part of latest acquisition

05/20/19

Blue Ridge Bankshares will be based in Charlottesville, Va., after completing its $43 million purchase of Virginia Community Bancshares.

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Heritage Commerce bulks up in San Francisco with Presidio purchase

05/17/19

Heritage will have 17 branches around San Francisco when it completes the $200 million acquisition.

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Treasury offers minority-owned banks lifeline, and JPMorgan pitches in

05/15/19

Under the Treasury Department's Financial Agent Mentor-Protégé program, JPMorgan Chase is advising two black-owned banks on working with the agency in ways that could boost their fee income.

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Buyer avoids red tape, seller builds on strength in Sound Bank deal

05/10/19

The deals lets a North Carolina group skip the de novo process. West Town, which sold the bank, will use the funds to support a fast-growing business line.

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Southern States in Alabama getting bigger with Small Town Bank deal

05/09/19

The proposed merger will create a bank with more than $1 billion in assets.

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It was a slow month for M&A until ...

05/08/19

Consolidation activity was ho-hum for most of April before a burst of transactions — and notable ones at that — were announced in the month's final week.

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You name it, this fast-growing regional has a plan (just ask)

05/08/19

Pinnacle Bank chief Terry Turner never lacks specifics. He wants to expand inside a triangular zone that connects three Southern and mid-Atlantic cities, aims to enter five particular markets, and speaks bluntly about his plans for hiring alums of BB&T and SunTrust.

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Investor group buys, recapitalizes North Carolina bank

05/07/19

Sound Bank has new management as part of the transaction. It will also get a new name and expand into higher-growth markets.

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Brazilian financial giant to buy BAC Florida Bank for $500 million

05/06/19

Banco Bradesco said it will use the acquired bank to expand its investment offerings in the United States.

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