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Mergers & Acquisitions

Two Bank Mergers and Its Effect on a State’s Economy

Two Bank Mergers and Its Effect on a State’s Economy

M&T’s merger with People’s United could potentially disrupt the state of Connecticut’s economy
Patriot Bank Announces $119m Merger with American Challenger

Patriot Bank Announces $119m Merger with American Challenger

Combined firm will form the largest digital bank in the US
Wells Fargo Veteran Moves to Middle Market banking

Wells Fargo Veteran Moves to Middle Market banking

Sutton Bank, Oak Ridge, Middlefield and the Digital Dollar Project also make appointments
ABA elects Zions Bank CEO as chair

ABA elects Zions Bank CEO as chair

Election was held recently in Tampa, Florida
US Banks Combined Market Cap Jumps to Nearly $1.4 trillion

US Banks Combined Market Cap Jumps to Nearly $1.4 trillion

80% increase year-on-year as US economy begins to “roar back to life”
Banks Experience Lowest Employee Turnover in Years

Banks Experience Lowest Employee Turnover in Years

Average turnover for nonofficer and office positions reduced significantly
First Financial Accelerates Branch Optimization Plans to Meet Customer Preferences

First Financial Accelerates Branch Optimization Plans to Meet Customer Preferences

Plus: SmartBank sells Richmond assets to First Bank
Community Bank Acquires Elmira Savings Bank to Boost New York Presence

Community Bank Acquires Elmira Savings Bank to Boost New York Presence

Latest acquisition is valued at $82.8m
First Citizens and CIT Bank Extend Merger After “Unusually Long” Fed Delay

First Citizens and CIT Bank Extend Merger After “Unusually Long” Fed Delay

Moody’s say that the extension will leave the banks ‘in limbo’
Southern Missouri Bancorp and Fortune Financial Announce Merger; BankPlus Acquires First Trust Corporation

Southern Missouri Bancorp and Fortune Financial Announce Merger; BankPlus Acquires First Trust Corporation

Plus: Dupaco Community Credit Union and Home Savings Bank partner and First Citizens and CIT extend merger
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