Mergers / Acquisitions

US Bank’s MUFG Union Bank Acquisition to Close Dec. 1

Mitsubishi UFJ Financial Group (MUFG) reported that the final required regulatory approvals for the sales of MUFG Union Bank to U.S. Bank have been obtained, with the acquisition now expected to close on Dec. 1. read more

US Bank Receives All Required US Regulatory Approvals for MUFG Acquisition

U.S. Bank has received all required U.S. regulatory approvals to complete its previously announced acquisition of MUFG Union Bank’s core regional banking franchise from Mitsubishi UFJ Financial Group (MUFG). read more

Seacoast Acquires Apollo Bank and Drummond Community Bank

Seacoast Banking of Florida, the holding company for Seacoast National Bank, acquired Apollo Bancshares, parent company of Drummond Community Bank, effective Oct. 7. read more

CIT Serves as Lead Arranger of $58.9MM in Financing for Rethink’s Acquisition of Six Micro-Hospitals

The healthcare finance business of CIT, a division of First Citizens Bank, served as lead arranger of $58.9 million in financing for the acquisition of a portfolio of six micro-hospitals. The buyer is a joint venture directed by an affiliate of Rethink Healthcare Real Estate, formerly Seavest Healthcare Properties. read more

Provident Bank and Lakeland Bank to Combine in $1.3B Merger

Provident Financial Services, the parent company of Provident Bank, and Lakeland Bancorp, the parent company of Lakeland Bank, will combine in an all-stock merger valued at approximately $1.3 billion. read more

CSI LifeCycle Leasing Gmbh Acquires tradefinity GmBH

CSI LifeCycle Leasing GmbH, a wholly-owned subsidiary of CSI Leasing, acquired tradefinity GmbH, a German IT asset disposal (ITAD) company. With this acquisition of tradefinity, CSI Leasing has 20 ITAD facilities worldwide. read more

PNC Financial Services Acquires Linga

PNC Financial Services Group acquired Linga, a point of sale and payments solutions firm providing a cloud-based restaurant operating system. Linga will continue to manage its portfolio of channel partners and clients. read more

US Bancorp and Mitsubishi UFJ Financial Group Extend Purchase Agreement

U.S. Bancorp and Mitsubishi UFJ Financial Group extended the outside termination date of the purchase agreement for U.S. Bank’s acquisition of MUFG from Sep. 30, 2022, to Dec. 31, 2022. read more

Banc of California Acquires Deepstack Technologies

Banc of California acquired the payments platform and technology of Global Payroll Gateway and its wholly-owned subsidiary, Deepstack Technologies, for $24 million in cash and stock. read more

Allegiance and CBTX Receive Federal Reserve Approval for Merger

Allegiance Bancshares, the holding company of Allegiance Bank, and CBTX, the holding company of CommunityBank of Texas, received regulatory approval from the Board of Governors of the Federal Reserve System to complete their merger of equals. read more

TimePayment Acquires QuickSpark Financial

TimePayment acquired QuickSpark Financial, including the purchase of all active leases held by QuickSpark’s subsidiaries. read more

BankFirst to Acquire Mechanics Bank

BankFirst Capital, parent of BankFirst Financial Services, signed a merger agreement with Mechanics Banc Holding Company, the parent company of Mechanics Bank, under which BankFirst will acquire Mechanics and Mechanics Bank for all-cash consideration.  read more

Ryder Acquires Logistics Technology Startup Baton

Ryder acquired Baton, a San Francisco-based startup known for the development of a proprietary logistics technology focused on optimizing transportation networks. read more

ECN Capital Sells Kessler Group Business to Stone Point Capital

ECN Capital entered into a definitive agreement with funds managed by Stone Point Capital to sell all of the issued and outstanding equity interests in ECN Kessler Holdco, a wholly-owned, indirect subsidiary of the ECN through which ECN operates the Kessler Group business. read more

Gulf Coast Bank & Trust Company Acquires KLC Financial

Gulf Coast Bank & Trust Company acquired the assets of KLC Financial and KLC Capital Partners, with KLC continuing as a subsidiary of Gulf Coast Bank & Trust Company. The acquisition became effective on Aug. 10. read more

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