Mergers / Acquisitions

Eastern Funding Merges with Macrolease

Eastern Funding, a financial lender to laundromats and other businesses, merged operations with Macrolease, a specialized equipment finance and leasing company serving the fitness, wellness and nutrition markets. read more

VersaBank Acquires Stearns Financial Services Subsidiary for $13.5MM

VersaBank, a provider of digital banking and cybersecurity solutions, signed a definitive agreement to acquire Minnesota-based Stearns Bank Holdingford, a privately-held, wholly-owned subsidiary of Stearns Financial Services, for $13.5 million.   read more

Citizens Financial Group Completes Acquisition of DH Capital

Citizens Financial Group completed its acquisition of DH Capital, a private investment banking firm serving companies in the internet infrastructure, software and next generation IT services and communications sectors. read more

Forsee Power Finalizes Acquisition of NEoT Capital Shares from Mitsubishi Corporation

Forsee Power, a provider of smart battery systems for sustainable electromobility, completed its acquisition of NEoT Capital shares from Mitsubishi Corporation. read more

F.N.B. to Acquire UB Bancorp, Union Bank

F.N.B. Corporation and UB Bancorp signed a definitive merger agreement for FNB to acquire UB Bancorp, including its wholly-owned banking subsidiary, Union Bank. read more

First Horizon Shareholders Approve Acquisition by TD Bank

First Horizon received shareholder approval for The Toronto-Dominion Bank (TD Bank) to acquire First Horizon. The transaction is expected to close in Q1/23 subject to U.S. and Canadian regulatory approvals and the completion of other necessary closing conditions. read more

Tellus Equipment Solutions Acquires Clark Tractor and Supply

Tellus Equipment Solutions, the authorized John Deere equipment dealer for central and south Texas, closed an agreement to acquire Clark Tractor and Supply. read more

ARCH Cutting Tools Acquires Diversified Precision Products

ARCH Cutting Tools, acquired Diversified Precision Products, a company that specializes in custom round tools and work rest blades for the automotive, medical, agricultural, heavy equipment and aerospace industries. read more

Brookline Bancorp to Acquire PCSB Financial for $313MM

Brookline Bancorp and PCSB Financial entered into a definitive merger agreement whereby Brookline will acquire PCSB and its wholly-owned subsidiary, PCSB Bank, for approximately $313 million in cash and stock. read more

CommunityBank of Texas and Allegiance Bank to Become Stellar Bank After Merger

Resulting from its previously announced merger of equals CBTX, the parent company of CommunityBank of Texas, and Allegiance Bancshares, the holding company of Allegiance Bank, named the combined company Stellar Bancorp and the combined bank Stellar Bank. read more

Ryder Confirms Receipt of Unsolicited Indication of Interest from HG Vora

Ryder System confirmed that it has received an unsolicited indication of interest from HG Vora Capital Management to acquire all of the outstanding shares of Ryder not currently owned by HG Vora for $86.00 per share in cash. read more

Closing Date of MUFG Union Bank Sale to U.S. Bancorp Moved to H2/22

As the U.S. regulatory approval process continues, the closing of the sale of MUFG Union Bank to U.S. Bancorp has been shifted to the second half of 2022, subject to the receipt of required regulatory approvals and the satisfaction of other closing conditions. read more

Huntington National Bank Acquires Fintech Torana

Huntington National Bank acquired Torana, a business-to-consumer payments financial technology company based in San Francisco. Torana's digital payment solution for Huntington will launch as Huntington ChoicePay. read more

Fifth Third Completes Acquisition of Dividend Finance

Fifth Third Bancorp closed its acquisition of Dividend Finance, a financial technology point-of-sale (POS) lender that provides financing solutions for residential renewable energy and sustainability-focused home improvement. read more

TimePayment Acquires Wheaten Financial

TimePayment, a financial technology company and provider of sales financing for specialty equipment sellers, acquired Wheaten Financial, an equipment finance company primarily focused on commercial vehicles and titled equipment. read more

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