Mergers / Acquisitions

HomeStreet Bank Hires Business Lending Team from Silvergate Bank Branch

HomeStreet Bank completed its purchase of the San Marcos, CA deposit branch of Silvergate Bank, including certain related commercial loans. It also hired the branch’s business lending team. read more

Fifth Third Bancorp Completes Merger with MB Financial

Fifth Third Bancorp completed its acquisition of MB Financial. Primary systems and client conversion is expected to occur in early May 2019. read more

BancorpSouth Mergers with Casey & Merchants Receive Regulatory Approval

BancorpSouth Bank received regulatory approvals from the FDIC to complete its proposed mergers with Casey Bancorp and its subsidiary, Grand Bank of Texas, and with Merchants Trust and its subsidiary, Merchants Bank. read more

Rabobank, Mechanics Bank Agree to Merge

Mechanics Bank agreed to acquire Rabobank in a strategic business combination transaction valued at approximately $2.1 billion. The transaction has been approved by each party’s authorizing board of directors. read more

Hilco Acquires Assets of Social Network Tsu

Advisory firm Hilco Streambank acquired the assets of social network Tsu, including the TSU.co domain name, the Tsu trademark, proprietary code, software and its database of registrants. The acquisition comes in the wake of Evacuation Complete’s 2016 bankruptcy. read more

Fifth Third Approved for Merger with MB Financial

Fifth Third Bancorp has received all necessary regulatory approvals for completion of its acquisition of MB Financial as stipulated in the companies’ merger agreement from May 20, 2018. read more

MUFG to Acquire DVB Bank Aviation Finance Business

Mitsubishi UFJ Financial Group entered into an agreement with DVB Bank to purchase the latter’s Aviation Finance division. The deal is expected to close in the second half of 2019. read more

Blue Street Capital to Acquire Numerica Vendor Finance Business

Blue Street Capital acquired the vendor finance business of Numerica Capital. Blue Street plans to retain substantially all existing Numerica employees, along with the seasoned management team. read more

Hitachi Capital America Acquires Global Technology Finance

Hitachi Capital America signed a definitive agreement to purchase the assets of Global Technology Finance, a supply chain financing provider to value added re-sellers in the technology industry. read more

GE Transportation Completes Merger with Wabtec

GE completed the spin-off and subsequent merger of its transportation business with Wabtec. read more

Bankruptcy Court Approves Sale of Waypoint Assets to Macquarie Group

According to a post on Helicoptor Leasing, a bankruptcy judge approved the sale of bankrupt helicopter lessor Waypoint Leasing’s assets – including most of its helicopters – to Macquarie Group and some of its secured lenders. read more

BB&T, SunTrust to Merge in $66B Deal

SunTrust Bank and BB&T signed a definitive agreement to combine in an all-stock merger of equals valued at approximately $66 billion. The combined company will be the sixth-largest U.S. bank based on assets and deposits. read more

Chemical Financial and TCF Financial to Merge

Chemical Financial and TCF Financial signed a definitive agreement under which TCF will merge into Chemical in an all-stock merger of equals transaction. The combined company will operate under the TCF name. read more

Sterling to Acquire Woodforest ABL and Equipment Finance Businesses

Sterling Bancorp, through its principal subsidiary, Sterling National Bank, agreed to acquire the asset-based and equipment finance lending businesses of Woodforest National Bank. read more

VAR Technology Finance Acquired by People’s United, Will Become LEAF Division

People's United Bank acquired VAR Technology Finance, a private, independent leasing and finance company that supports equipment sales through its financing programs within the technology channel. read more

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