Mergers / Acquisitions

Ritchie Bros. and IAA Amend Merger Agreement

Ritchie Bros. and IAA amended the terms of their previously announced merger agreement. The amended agreement shifts the consideration makeup to a cash/stock mix of approximately 29% cash and 71% stock from the previous mix of 22% cash and 78% stock. read more

BMO Receives Final Regulatory Approvals for Bank of the West Acquisition

BMO Financial Group has received all required regulatory approvals to complete its acquisition of Bank of the West from BNP Paribas and expects the acquisition to close on Feb. 1, subject to the satisfaction of customary closing conditions. read more

Columbia Banking and Umpqua Holdings Announce FDIC Approval for Combination

Columbia Banking System, the parent company of Columbia Bank, and Umpqua Holdings Corporation, the parent company of Umpqua Bank, jointly announced that the Federal Deposit Insurance Corporation approved the previously announced combination of the two companies. read more

Citizens M&A Outlook Optimistic Despite Headwinds

Citizens’ 2023 M&A Outlook revealed both upbeat expectations for company performance and high desire for growth in a low-growth world in the coming year. read more

Ritchie Bros. Acquires Controlling Stake in VeriTread

Ritchie Bros. acquired a controlling stake in VeriTread, a transportation technology and services company. read more

Material Handling Group USA Acquires Liftec

Fraza’s sister company, Material Handling Group USA (MH Group USA), acquired Liftec as a new dealer/location on the East Coast. Liftec is a dealer for Linde Material Handling, Baoli, Doosan and UniCarriers. read more

Greenbrier Acquires 100% Interest in GBX Leasing Joint Venture

Greenbrier Companies, an international supplier of equipment and services to global freight transportation markets, acquired a 100% interest in its GBX Leasing joint venture with The Longwood Group. read more

Brookline Bancorp Receives Approvals for PCSB Financial Acquisition

Brookline Bancorp received the requisite regulatory approvals to complete the acquisition of PCSB Financial. read more

Great Western Trailer Acquires Southwest Trailer & Equipment

Great Western Trailer acquired Oklahoma City, OK-based Southwest Trailer & Equipment, a full-service trailer dealership providing new and used equipment sales as well as repair, maintenance and parts solutions.  read more

Ritchie Bros. and IAA Receive Regulatory Clearance for Proposed Acquisition

The waiting period for the proposed acquisition of IAA by Ritchie Bros. under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 has expired, while the entities received a no-action letter from the Canadian Commissioner of Competition. read more

Wilmington Trust Sells Collective Investment Trust Business to Madison Dearborn Partners

Wilmington Trust, a wholly-owned subsidiary of M&T Bank, agreed to sell its Collective Investment Trust (Cit) business to Madison Dearborn Partners, a private equity firm based in Chicago. read more

TowneBank and Farmers Bank Expect to Close Merger in January

TowneBank and Farmers Bankshares, the parent company of Farmers Bank, expect to complete their merger in early January as originally scheduled. read more

FNB Corporation Completes Acquisition of UB Bancorp and Union Bank

F.N.B. Corporation completed its acquisition of Greenville, NC-based UB Bancorp, including its wholly-owned banking subsidiary, Union Bank. read more

The First Bank and Heritage Southeast Bank Receive Regulatory Approval for Merger

The First Bancshares, parent company of The First Bank, and Heritage Southeast Bancorporation, parent company of Heritage Southeast Bank, received regulatory approval from the board of governors of the Federal Reserve to complete their previously announced merger. read more

Summit Financial Group Acquires Provident State Bank

Summit Financial Group and PSB Holding Corp. signed a definitive merger agreement. PSB’s bank subsidiary, Provident State Bank, will be merged with Summit’s bank subsidiary, Summit Community Bank. read more

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