Mergers / Acquisitions

PNC Completes Acquisition of BBVA USA

PNC completed its acquisition of BBVA USA Bancshares, including its U.S. banking subsidiary, BBVA USA. Through this transaction, PNC is now the fifth largest U.S. commercial banking organization, with more $560 billion in assets. read more

IDS Completes Acquisition of White Clarke Group

IDS, a provider of enterprise solutions for secured finance, completed the acquisition of White Clarke Group, a provider of retail, fleet, wholesale and asset finance software solutions for the automotive and equipment finance markets. read more

Old National and First Midwest Agree to Merge, Transaction Valued at $6.5B

Old National Bancorp and First Midwest Bancorp entered into a definitive merger agreement to combine in an all-stock merger of equals transaction with a total market value of $6.5 billion to create a bank with $45 billion in combined assets. read more

Ali Group Proposes Acquisition of Welbilt

Ali Group, an international provider of foodservice equipment, submitted a proposal to the board of directors of Welbilt under which it would acquire all of the outstanding shares of Welbilt common stock for $23 per share in cash. read more

United Community Banks Acquires Aquesta Bank, Transaction Valued at $131MM

United Community Banks and Aquesta Financial Holdings entered into a definitive agreement for United to acquire Aquesta, including its wholly-owned subsidiary, Aquesta Bank. The transaction is valued at approximately $131 million. read more

Hanover Bancorp Completes Acquisition of Savoy Bank

Hanover Bancorp completed its previously announced acquisition of Savoy Bank on May 26. As of April 30, the combined entity, on a pro forma basis, had $1.6 billion in total assets, $1.4 billion in loans and $1.1 billion in deposits. read more

Federal Reserve, OCC Approve Merger of Huntington and TCF

The Board of Governors of the Federal Reserve System and the Office of the Comptroller of the Currency approved the proposed merger of Huntington Bancshares and TCF and of Huntington National Bank and TCF National Bank. read more

Hilco Acquires All Assets of Sutton Leasing, Wells Fargo Supports Transaction

Hilco Global’s commercial industrial team acquired all of the assets of Sutton Leasing, a fleet leasing company based in Sterling Heights, MI, in a multi-million-dollar transaction that closed on May 7. Hilco Commercial Industrial aligned with Wells Fargo to close the transaction. read more

United Rentals Completes Acquisition of General Finance Corporation

United Rentals completed its previously announced acquisition of General Finance Corporation. read more

Federal Reserve, OCC Approve PNC’s Acquisition of BBVA

The Board of Governors of the Federal Reserve System and the Office of the Comptroller of the Currency provided regulatory approval of PNC’s previously announced acquisition of BBVA USA Bancshares, including its U.S. banking subsidiary, BBVA USA. read more

AerCap Shareholders Approve Acquisition of GECAS

Shareholders of AerCap approved the previously announced acquisition of GE Capital Aviation Services at the company’s annual general meeting of shareholders. read more

SmartFinancial Acquires Fountain Leasing

SmartBank, the banking subsidiary of SmartFinancial, entered into a definitive agreement to acquire Fountain Leasing. The acquisition of Fountain Leasing will provide SmartBank with a specialty lending platform that offers construction equipment financing to small and medium sized businesses. read more

Farmers & Merchants Bancorp Acquires Ossian Financial Services

Farmers & Merchants Bancorp, the holding company for Farmers & Merchants State Bank, completed the acquisition of Ossian Financial Services, the holding company for Ossian State Bank. read more

NYDIG Acquires Arctos Capital

NYDIG, a provider of technology and investment solutions for Bitcoin, acquired Arctos Capital, a technology-driven commercial lender that provides financing solutions to Bitcoin holders, investors and mining businesses. read more

HPS Investment Partners Enters Agreement to Acquire Marlin Business Services

Marlin Business Services entered into a definitive agreement in which HPS Investment Partners will, through its European Asset Value Funds, acquire all of Marlin’s outstanding shares of common stock in an all-cash transaction for $23.50 per share. read more

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