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M&A - Banking Exchange
Farmer’s & Merchants Bancorp is to acquire Perpetual Federal Savings Bank of Urbana as the banking sector continues to see M&A activity
The deal attracted criticism from a major Boston Private investor
The activist investor has been targeting an overhaul of the company
Investor claims SVB previously indicated a higher value bid was possible
Also: Southern California Bancorp is to buy Bank of Santa Clarita for $56 million
NYCB is to acquire Flagstar in an all-stock merger scheduled to complete later this year
SVB Financial won’t pay more for Boston Private despite opposition from one vocal investor
Independent Bank Corp has announced its acquisition of Meridian Bancorp and Colony Bankcorp seals merger deal with SouthCrest Financial Group
HoldCo Asset Management says shareholders should vote against deal following ISS report
Plus: BMO sells asset management arm; Western Alliance completes AmeriHome acquisition
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