Merger activity picked up some in 2014, with most of the big deals announced during the second half. Meanwhile, more banks appear to be growing comfortable with the process of getting deals approved by regulators.
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BUYER: CIT Group
SELLER: IMB HoldCo
DEAL VALUE: $3.4 billion
ANNOUNCED: 7/22/14
STATUS: Expected to close in the first or second quarter
Rather than avoid becoming a systemically important financial institution, CIT Group CEO John Thain decided to
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BUYER: BB&T
SELLER: Susquehanna Bancshares
DEAL VALUE: $2.5 billion
ANNOUNCED: 11/12/14
STATUS: Expected to close in the second quarter
BB&T CEO Kelly King surprised some observers by
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BUYER: Banner Corp.
SELLER: AmericanWest Bank
DEAL VALUE: $702 million
ANNOUNCED: 11/5/14
STATUS: Expected to close in the second quarter
Banner's deal for AmericanWest puts it on
BUYER: First Citizens BancShares
SELLER: First Citizens Bancorp.
DEAL VALUE: $676 million
ANNOUNCED: 6/10/14
STATUS: Completed on Oct. 1
First Citizens BancShares in North Carolina
BUYER: Sterling Bancorp
SELLER: Hudson Valley Holding
DEAL VALUE: $538 million
ANNOUNCED: 11/5/14
STATUS: Expected to close in the second quarter
Sterling, seems
BUYER: BB&T
SELLER: Bank of Kentucky Financial
DEAL VALUE: $367 million
ANNOUNCED: 9/8/14
STATUS: Expected to close in the first half of 2015
Kelly King, BB&T's CEO, said that the North Carolina company is
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BUYER: WesBanco
SELLER: ESB Financial
DEAL VALUE: $353 million
ANNOUNCED: 10/29/14
STATUS: Expected to close in the first or second quarter
WesBanco, based in West Virginia, is
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BUYER: Ford Financial Fund
SELLER: Mechanics Bank
DEAL VALUE: $338 million
ANNOUNCED: 9/25/14
STATUS: Expected to close by yearend
The private-equity firm, owned by Texas billionaire Gerald J. Ford,
BUYER: Southside Bancshares
SELLER: OmniAmerican Bancorp
DEAL VALUE: $314 million
ANNOUNCED: 4/29/14
STATUS: Completed on Dec. 17
OmniAmerican, a former credit union, had long been
BUYER: Valley National Bancorp
SELLER: 1st United Bancorp
DEAL VALUE: $314 million
ANNOUNCED: 5/8/14
STATUS: Completed on Oct. 31
Gerald Lipkin, CEO of Valley National in New Jersey,