M&A

Peoples in Ohio to expand eastward with Premier acquisition

03/29/21

Peoples Bancorp will pay $292 million for the West Virginia company. It also announced it's buying a leasing company in Vermont.

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Maine credit unions call off merger

03/25/21

A planned combination of Maine State Credit Union in Augusta and Midcoast Federal Credit Union in Freeport has been nixed despite receiving approval from regulators.

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Seacoast’s new CEO takes M&A baton and runs with it

03/24/21

Four months into the job, Charles Shaffer has struck a deal for Legacy Bank of Florida and is eyeing more acquisitions. His predecessor, Dennis Hudson III, built Seacoast with more than a dozen buyouts across the Sunshine State.

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Wells Fargo selling trust unit to Computershare for $750 million

03/24/21

Wells Fargo, disposing of units to simplify operations, agreed to sell its corporate trust business to Australia’s Computershare Ltd. for $750 million.

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What sold Banc of California on buying Pacific Mercantile

03/23/21

The $235 million acquisition will bring CEO Jared Wolff's company a trove of cheap deposits and the chance to slash costs without having to significantly change its business model.

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Seacoast lines up another bank acquisition in South Florida

03/23/21

The company agreed to buy Legacy Bank of Florida for $102 million.

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Business First in Louisiana agrees to buy investment adviser

03/23/21

Smith Shellnut Wilson has managed Business First's investment portfolio since the bank was formed 15 years ago.

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Banc of California will buy Pacific Mercantile, ending M&A drought

03/22/21

Banc of California, which last bought a bank in 2013, has agreed to pay $235 million in stock in this in-state deal.

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Bank of Tampa lines up first-ever acquisition

03/18/21

The Florida bank will expand to the east with its pending purchase of Hillsboro Bank.

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What’s driving nonbanks to buy banks? Cheap deposits

03/18/21

Like the fintechs SoFi and LendingClub, DLP Real Estate Capital is acquiring a community bank largely to lower the cost of funding loans.

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