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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 financial sector has always had a target on its back
From rule-based systems to explainable AI, financial institutions continue to advance their fraud prevention systems
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
The OCC has conditionally approved Paxos National Trust for a banking charter
NYCB is to acquire Flagstar in an all-stock merger scheduled to complete later this year
Updates provided in bank’s second annual ESG report
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