Mergers / Acquisitions

FDIC Approves Merger of BancorpSouth and Cadence Bank

BancorpSouth Bank and Cadence Bancorporation, the parent company of Cadence Bank, received final FDIC approval to merge. The FDIC approval follows recent approvals from the Mississippi Department of Banking and Consumer Finance from shareholders. read more

Capital One Acquires TripleTree

Capital One entered into a definitive agreement to acquire TripleTree, an investment banking advisory platform serving healthcare companies. TripleTree will join Capital One Commercial Bank’s capital markets group. read more

BankFirst to Acquire Citizens Bank of Fayette

BankFirst Capital, the parent company of BankFirst Financial Services, signed a definitive merger agreement with F.B.H. Corporation and The Citizens Bank of Fayette under which BankFirst will acquire The Citizens Bank of Fayette.  read more

Columbia State Bank and Umpqua Bank to Combine

Columbia Banking System, the parent company of Columbia State Bank, and Umpqua Holdings Corporation, the parent company of Umpqua Bank, entered into a definitive agreement under which the companies will join together in an all-stock combination. read more

PNC Completes Conversion of BBVA Branches as Part of Acquisition

PNC Financial Services Group completed the conversion of 2.6 million customers, 9,000 employees and nearly 600 branches across seven states from BBVA USA to PNC Bank. read more

Libra Group Acquires KKR’s Interest in LCI Helicopters

Libra Group, the parent company of aviation leasing company LCI, acquired the minority interested in LCI Helicopters held by KKR. read more

Herc Rentals Acquires Rapid Equipment Rental

Herc Holdings, a North American equipment rental supplier operating as Herc Rentals, entered a purchase agreement to acquire Toronto-based Rapid Equipment Rental. The transaction is subject to customary closing conditions with a plan to close in the Q4/21. Terms were not disclosed. read more

Banc of California and Pacific Mercantile Receive Final Regulatory Approval for Merger

Banc of California and Pacific Mercantile Bank received all required regulatory approvals for the merger of Pacific Mercantile into Banc of California. Subject to the satisfaction of the remaining closing conditions, the transaction is scheduled to close on or about Oct. 18. read more

Manitowoc Completes Acquisition of the Crane Business of H&E Equipment Services

The Manitowoc Company, a manufacturer of cranes and lifting solutions, closed the acquisition of the crane business of H&E Equipment Services, a rental equipment company, for approximately $130 million, subject to the finalization of net working capital and other transaction adjustments. read more

First Citizens and CIT Extend Merger Agreement

First Citizens BancShares, the parent company of First-Citizens Bank & Trust, and CIT Group, the parent company of CIT Bank, agreed to extend their merger agreement from Oct. 15, 2021, to March 1, 2022. read more

BankPlus Acquires First Bank and Trust

BancPlus Corporation, the parent company of BankPlus, and First Trust Corporation, the parent company of First Bank and Trust, signed a definitive merger agreement pursuant to which BancPlus will acquire First Trust Corporation. read more

Ritchie Bros. Acquires SmartEquip for $175MM

Ritchie Bros. entered into a definitive agreement to acquire SmartEquip for approximately $175 million. read more

Eastern Bankshares and Century Bancorp Receive Regulatory Approvals for Merger

Eastern Bankshares, the stock holding company for Eastern Bank, and Century Bancorp, the stock holding company for Century Bank and Trust Company, received the necessary regulatory approvals to complete their proposed merger. read more

Boxwheel Trailer Leasing Acquires Prime Trailer Leasing

Boxwheel Trailer Leasing, a provider of semi-trailer rentals, leases and sales with physical rental locations in Denver and Phoenix, acquired Prime Trailer Leasing, expanding Boxwheel’s footprint into the Salt Lake City and Reno, NV, semi-trailer rental and leasing markets. read more

U.S. Bancorp Enters Agreement to Acquire MUFG Union Bank

U.S. Bancorp entered into a definitive agreement to acquire MUFG Union Bank’s core regional banking franchise from Mitsubishi UFJ Financial Group. Under the terms of the agreement, U.S. Bancorp will purchase MUFG Union Bank for approximately $8 billion. read more

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