M&A

An effort to oust two directors at the Seattle company was nullified after the investor failed to seek the required approval from the bank's state regulator.

Sageworks, a financial services software firm that provides institutions with lending and risk solutions, is being sold to Silicon Valley-based Accel-KKR.

The company said the move would help it become more efficient at a time when clients are making greater use of digital channels.

Michael Fitzgerald, who was selected to lead United Bank, was CEO of Bank of Georgetown for 11 years before it was sold to United.

When potential sellers are skittish, a merger pitch from a peer who’s been through it can make the difference.