Latest Posts Under: Banking industry news

Provident Financial Services, SB One Bancorp sign $209m merger deal

Provident Financial Services, the parent company of Provident Bank, has signed an all-stock deal worth around $208.9 million with SB One Bancorp, the parent company of SB One Bank. The combined banking organization will have nearly $12 billion in assets and is expected to become the third-largest bank based in New Jersey. The merger is […]

Banco Santander acquires 50.1% stake in Spanish fintech company Mercury TFS

Banco Santander has expanded its global trade platform for companies by acquiring a 50.1% stake in Spanish fintech company Mercury Trade Finance Solutions (Mercury TFS) for €30 million. Mercury TFS is a trade finance digitalization software provider, which specializes in software solutions designed for automating the end-to-end management of trade finance transactions for corporate customers. […]

Oregon Pacific Bank Medford branch to open to serve Jackson County, OR

Oregon Pacific Bank Medford branch opening news: Oregon Pacific Bank (ORPB) has officially opened its new branch in Medford, Oregon, which will mainly focus on offering relationship-based banking services to local professionals, business owners, nonprofit organizations, and commercial real estate investors across the Jackson County area. The bank has been operating as a trust office […]

Wings Financial to acquire Minnesota-based Neighborhood National Bank

Wings Financial Credit Union has agreed to acquire Neighborhood National Bank and its six branches located in Minnesota for an undisclosed price. Also based in Minnesota, Wings Financial Credit Union will add the six branches of Neighborhood National Bank located in Mora, North Branch, Brainerd, Aitkin, and Alexandria. Founded in 1963, Neighborhood National Bank has […]

CenterState, South State merger to create $6bn bank in US Southeast

CenterState, South State merger : CenterState Bank’s parent company CenterState Bank Corporation and South State Bank’s holding company South State Corporation have signed an all-stock merger of equals deal to create the eight largest bank headquartered in the US Southeast with a total market value of nearly $6 billion. According to the terms of the […]

Pacific Premier to acquire California-chartered commercial bank Opus Bank

Pacific Premier acquisition of Opus Bank : California-based Pacific Premier Bancorp, the holding company of Pacific Premier Bank, has signed an all-stock deal worth around $1.0 billion to acquire Opus Bank as per the latest banking acquisition news. The acquisition of the California-chartered commercial bank is expected to help Pacific Premier Bancorp create a banking […]

United Bankshares to buy rival bank holding firm Carolina Financial

United Bankshares acquisition of Carolina Financial : United Bankshares, the parent company of United Bank, has signed a deal worth around $1.1 billion to acquire Carolina Financial, the parent company of CresCom Bank. Carolina Financial, based in Charleston, South Carolina, has approximately $3.9 billion in assets and its subsidiary CresCom Bank has 62 locations in […]

Santander to sell Puerto Rico banking business to FirstBank Puerto Rico

Spanish banking giant Banco Santander has signed a deal to divest its retail and commercial banking franchise in Puerto Rico – Banco Santander Puerto Rico to First BanCorp, the bank holding company of FirstBank Puerto Rico for about $1.1 billion. Considered to be the fourth largest banking franchise in the US territory, Banco Santander Puerto […]

Scroll To Top