First Citizens Bank’s CIT Bank division completed conversion of its branches to First Citizens’ operations and systems. This conversion integrates CIT Bank branch customer accounts into First Citizens’ products and services. read more
NOV 15, 2022 - 7:07 am
United Rentals entered into an agreement to acquire the assets of the family-owned Ahern Rentals, founded in 1953, for roughly $2 billion in cash. The transaction is expected to close before the end of 2022. read more
NOV 14, 2022 - 7:25 am
White Oak Healthcare Finance acted as sole lender and administrative agent of a senior credit facility to United Dental to finance four acquisitions in Arizona, California, Georgia and Colorado. read more
NOV 11, 2022 - 7:17 am
OceanFirst Financial and Partners Bancorp agreed to terminate the merger agreement announced on Nov. 4, 2021, effective immediately. read more
NOV 10, 2022 - 7:00 am
Ritchie Bros. Auctioneers and IAA entered into a definitive agreement under which Ritchie Bros. will acquire IAA in a stock and cash transaction valued at approximately $7.3 billion, including the assumption of $1 billion of net debt. read more
NOV 8, 2022 - 7:40 am
TIAA entered into a definitive agreement to sell TIAA Bank to new investors with experience in financial services, including Stone Point Capital, Warburg Pincus, Reverence Capital Partners, Sixth Street and Bayview Asset Management. read more
NOV 8, 2022 - 7:38 am
American Lease Insurance (ALI) was sold to American Bankers Insurance Group (ABIG), a $10 billion global insurance provider and publicly traded Fortune 500 company that does business as Assurant. read more
NOV 7, 2022 - 6:54 am
Equitable Bank, a wholly-owned subsidiary of EQB, completed the acquisition of Concentra Bank for a premium of $35.7 million to its $459.7 million book value of common equity, subject to final standard closing purchase price adjustments. read more
NOV 3, 2022 - 7:17 am
According to a new Grant Thornton survey of merger and acquisition professionals, 72% of respondents expect deal volume to increase over the next six months despite rising interest rates threatening access to capital and uncertainty about a potential increase in capital gains taxes. read more
NOV 2, 2022 - 7:09 am
Republic Bancorp, the parent company of Republic Bank & Trust, and Cincinnati-based CBank signed an agreement and plan of merger under which Republic will acquire CBank and its wholly-owned subsidiary, Commercial Industrial Finance. read more
OCT 28, 2022 - 7:18 am
Peoples Bancorp and Limestone Bancorp signed a merger for Peoples to acquire Limestone. Limestone will merge into Peoples and will subsequently merge with Peoples' wholly-owned subsidiary, Peoples Bank, in a transaction valued at approximately $208.2 million. read more
OCT 25, 2022 - 7:09 am
Mitsubishi HC Capital’s executive committee approved the merger of CAI International and Beacon Intermodal Leasing, LLC. The merger will be effective Jan. 1, 2023. read more
OCT 19, 2022 - 7:10 am
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
OCT 19, 2022 - 7:08 am
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
OCT 17, 2022 - 7:07 am
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
OCT 10, 2022 - 7:23 am