Mergers / Acquisitions

Versabank Receives Approval to Acquire Stearns Bank Holdingford

Stearns Financial Services (SFSI) has received approval from the Federal Reserve for the acquisition of one of its affiliate locations, Stearns Bank Holdingford, by Canada-based VersaBank. read more

EnPowered Acquires LED.Finance

EnPowered, a provider of access to financing for commercial clean energy hardware projects, completed its acquisition of LED.Finance, an energy financing company with over 30 years of experience supporting contractors, manufacturers and distributors across the United States. read more

National Bankshares Completes Acquisition of Frontier Community Bank

National Bankshares completed its acquisition of Frontier Community Bank effective June 1, 2024. Following the transaction, valued at approximately $16.07 million, National Bankshares now operates 27 full-service offices along with two loan production offices. read more

Wayne Savings Bancshares and Main Street Financial Services Complete Merger

Wayne Savings Bancshares, the holding company of Wayne Savings Community Bank, and Main Street Financial Services, the holding company of Main Street Bank, closed their previously-announced merger. read more

Rental Equipment Investment Acquires Indian Peaks Rental

Rental Equipment Investment (REIC), a portfolio company of Kinderhook Industries, acquired Indian Peaks Rental, representing REIC’s eighth add-on acquisition under Kinderhook’s ownership and the company’s 20th since its inception. read more

Atlantic Union Bank Completes Integration of American National Bank

Atlantic Union Bank has successfully completed the integration of American National Bank branches and operations, unifying the bank across its footprint. read more

Tinicum Acquires KGM in Partnership with Management

Tinicum and affiliated funds managed by Tinicum Incorporated has acquired a controlling interest in KGM from Compass Group Equity Partners. Management shareholders have retained a significant interest in the company. The financial terms of the transaction were not disclosed. read more

DLL Intends to Acquire elf Leasing GmbH

DLL has signed a share purchase agreement with Bankhaus Bauer AG to acquire elf Leasing GmbH, a German provider of leasing services based in Essen and Hannover. The transaction is expected to close end of 2024, subject to approval of the German BaFin. read more

Centra Acquires LeaseQ Restaurant and Franchise Team, Launches Centra Culinary Finance

Centra Funding acquired the LeaseQ restaurant and franchise team and its associated equipment finance platform from TimePayment. Partners and customers can expect a seamless transition with the same level of service and commitment from LeaseQ’s restaurant and franchise team. read more

SVB Financial Group Enters Agreement to Sell Investment Platform Business

SVB Financial Group entered into a definitive agreement under which a newly created entity affiliated with Pinegrove Capital Partners will acquire SVB Capital, SVB Financial Group’s investment platform business. read more

H&E Equipment Services Acquires Lewistown Rental and Affiliated Companies

H&E Equipment Services completed its acquisition of Lewistown Rental and three of its affiliated companies. The acquisition adds a comprehensive mix of equipment with an original equipment cost of approximately $28.5 million. read more

UMB to Acquire Heartland Financial in $2B All-Stock Transaction

UMB Financial and Heartland Financial entered into a definitive merger agreement under which UMB will acquire Heartland Financial in an all-stock transaction valued at approximately $2 billion. read more

Fulton Bank Acquires Assets and Deposits of Republic First Bank from the FDIC

Fulton Bank acquired substantially all of the assets and assumed substantially all of the deposits of Republic First Bank, doing business as Republic Bank, from the Federal Deposit Insurance Corporation. read more

b1BANK to Acquire Oakwood Bank for $85.7MM

Business First Bancshares, the holding company for b1BANK, entered into a definitive agreement to acquire Oakwood Bancshares and its wholly-owned bank subsidiary, Oakwood Bank, in an all-stock transaction for total consideration value of approximately $85.7 million. read more

MidFirst Bank to Acquires 6 Houston Banking Locations of Amerant Bank

MidFirst Bank entered into a definitive agreement to acquire the Houston banking locations of Amerant Bank, the main subsidiary of Amerant Bancorp. MidFirst will will gain Amerant’s Houston client relationships totaling approximately $576 million in deposits and $529 million in loans. read more

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