
Paul Davis
Founder, Bank SlatePaul Davis is the founder of Bank Slate, a financial strategy and research firm. He previously led community bank coverage at American Banker.
Paul Davis is the founder of Bank Slate, a financial strategy and research firm. He previously led community bank coverage at American Banker.
The companies said the merger will provide scale and help them update technology more efficiently.
The bank will buy First State Bank of Mobeetie.
The New Jersey company will pay $284 million for Two River Bancorp and Country Bank Holding.
The company will pay $13 million for the parent of Western Bank of Wolf Point.
Consolidation heated up in recent weeks after a tepid start this year. Here is an overview of noteworthy deals announced in June and July.
The company will pay $43 million in cash for a bank with seven branches and $209 million in deposits.
The Arkansas company will pay $434 million for Landrum Co., which also has branches in Oklahoma and Texas.
The Louisiana company will pay $15 million in cash for Bank of York.
To combat the notion that regional banks’ tech offerings are inferior, the combined BB&T-SunTrust will have to go “toe-to-toe” with big banks, BB&T chief Kelly King said ahead of shareholder approval of the deal Tuesday.
First Financial Banc will gain nearly $300 million in liquidity when it acquires First National Corp. of Wynne.