M&A
M&A
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The Minneapolis company, which previously said it expected the $8 billion acquisition to close in the first half of 2022, has become less firm about that projection.
May 4 -
United Community, which bought Reliant Bancorp in Tennessee earlier this year, would deepen its presence in several Southeastern markets and expand its wealth management business with its deal for Progress Financial.
May 4 -
Long Game, which Truist acquired for an undisclosed sum, allows consumers to set savings goals and earn extra cash by playing casino-style lottery games.
May 3 -
Investors had grown increasingly concerned that Russia’s invasion of Ukraine — and the ensuing financial sanctions thrust upon many of Russia’s largest banks — would thwart Citigroup’s efforts to exit its operations in the country, a push the New York-based lender first announced last year.
May 2 -
Ana Botin, the chair of Banco Santander, called Mexico a “growth engine” for the bank but cautioned that the lender would only seek to buy Citigroup’s retail business in the country if certain requirements are met.
May 2 -
First Century Bancorp has terminated its sale to First Internet Bancorp because the two banks were unable to close the transaction on schedule and failed to agree on terms for an extension.
May 2 -
First Citizens BancShares said its $2.2 billion acquisition of CIT Group, closed in the first quarter after months of regulatory delays, is finally coming together.
April 28 -
The two companies, which have not received government approval to complete their now year-old pending deal, postponed the deadline to Oct. 31 and have decided to make the combined entity a national bank.
April 27 -
LincolnWay Community Bank in Illinois has agreed to be sold to CoVantage in Wisconsin, adding to a trend of bank-credit union deals that has drawn backlash from many small-bank executives.
April 27 -
The Mississippi-based First says the deal would allow it to acquire key talent, bolster its presence in northwest Florida and expand into the Tampa area.
April 27