Union, First Interstate, Simmons First: Fall's biggest M&A deals
Across the country, community banks gobbled up local competition in an effort to reach new customers.
Overall, 34 bank acquisitions with an aggregate disclosed value of $3.3 billion have been announced since Sept. 1, based on data compiled by S&P Global Market Intelligence.
Leading all deals struck last month was Union Bankshares' $600 million agreement to buy Access National. The acquisition will strengthen Union’s presence in northern Virginia.
Another deal saw Montana-based First Interstate widening it presence in Idaho, after agreeing to buy Idaho Independent and Community 1st Bank for $200 million.
Here's a wrap-up of recent notable acquisition deals: