Community Bank Consolidation Accelerates: Simmons First National in $277M Double Buy in Tennessee
Two community banks snapped by Simmons, while Illinois’ Heartland Bank looks to push into Iowa
Two community banks snapped by Simmons, while Illinois’ Heartland Bank looks to push into Iowa
Meanwhile, TGR Financial to merge with First Foundation and Liberty Bank to acquire Tri-State Bank
Plus: First Bancorp announces Select Bancorp takeover, United Community Banks buys Aquesta, Oconee to merge with Elberton
Plus: Amerant Bank’s mortgage subsidiary makes acquisition; Sterling invests in private credit fintech
Plus: United Community Banks buys wealth manager; Ottawa Savings Bank to convert charter
Pioneer Bancshares acquisition creates combined entity with 60-strong branch network
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