Latest Posts Under: General business 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. […]

World Insurance Associates acquires Virginia Insurance Partners

New Jersey-based insurance agency World Insurance Associates (WIA) has acquired Virginia Insurance Partners, based in Virginia, for an undisclosed price, as per the latest insurance acquisition news. Virginia Insurance Partners (VIP) is an independent insurance agency that caters to its clients with personal, commercial, farm, life, and benefits policies across Virginia. The insurance agency is […]

Boston Omaha acquires rural broadband provider AireBeam Communications

Boston Omaha Corporation has acquired AireBeam Communications, a rural broadband fiber and fixed wireless internet service provider, to foray into the telecommunications services business. Financial terms of the deal were not disclosed. Until the acquisition, Boston Omaha, which is a public holding company, has majority-owned businesses engaged in outdoor advertising and surety insurance. AireBeam Communications […]

Aon to acquire Willis Towers Watson in $30bn all-stock deal

Aon acquisition of Willis Towers Watson : Aon has signed an all-stock deal worth around $30 billion to acquire Willis Towers Watson in what will be one of the biggest insurance acquisitions ever. The Aon, Willis Towers Watson merger is set to create the largest insurance broker in the world with an implied combined equity […]

Tinubu Square acquires surety underwriting automation platform eSURETY

Tinubu Square acquisition of eSURETY : France-based Tinubu Square, which provides enterprise software solutions to credit and surety insurers, has acquired US-based premier surety underwriting automation platform eSURETY for an undisclosed price. eSURETY marks the first corporate acquisition in the US for Tinubu Square and is said to fully integrate the two firms’ expertise in the […]

Hub International acquires Harris, Madden, Powell, Stallings & Brown

Global insurance brokerage Hub International has acquired the assets of Harris, Madden, Powell, Stallings & Brown (HMP), a commercial, surety, employee benefits and personal lines agency in Memphis, Tennessee, for an undisclosed price. HMP said to bring a unique industry focus on construction,  manufacturing, distribution, and healthcare, and also alternative risk solutions, which will strengthen […]

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 […]

Medicare Advantage provider Alignment Healthcare raises $135m in Series C round

Alignment Healthcare, a Medicare Advantage insurance company, has secured $135 million funding in a Series C round to bring its model for enhanced care to more seniors. The funding came from Fidelity Management & Research Company, Durable Capital Partners, and funds and accounts advised by T. Rowe Price Associates. The new capital partners join Alignment […]

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