Acquisition
M&T Bank completes People’s United acquisition to create $200bn entity
US-based M&T Bank has completed its previously announced acquisition of People's United Financial for $8.3bn creating a combined entity with…
Valley National Bancorp wraps up $1.14bn Bank Leumi acquisition
Valley National Bank’s parent, Valley National Bancorp (Valley), has completed the acquisition of the US arm of Bank Leumi Le-Israel.…
Alkami to pay $135m for account and transaction data provider Segmint
American cloud-based digital banking solutions provider Alkami Technology has signed a definitive agreement to buy Segmint for $135m in cash. Segmint, which…
HSBC to offload Greek retail operations to Pancreta Bank
HSBC has announced plans to sell its branch operations in Greece to local peer Pancreta Bank for an undisclosed sum. HSBC Continental…
Scotiabank increases stake in Chilean arm to 99.8%
Canada’s Bank of Nova Scotia (Scotiabank) has brokered a deal to acquire Grupo Said's remaining 16.8% stake in Scotiabank Chile.…
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SoFi signs $1.1bn deal to buy core banking platform Technisys
US-based digital personal finance firm SoFi Technologies has signed a definitive agreement to acquire Technisys, a cloud-native core banking platform. …
Synergy One Lending to acquire certain BBMC Mortgage assets
Mutual of Omaha Bank’s wholly-owned subsidiary Synergy One Lending has agreed to purchase certain assets of BBMC Mortgage, a unit…
First Merchants to acquire MBT Financial for $290.9m
First Merchants, the parent of First Merchants Bank, has agreed to acquire MBT Financial (MBTF). This will take the form…
Russia’s VTB concludes 85% stake acquisition in Vozrozhdenie Bank
Russia’s second-largest lender VTB has completed the acquisition of an 85% stake in smaller rival Vozrozhdenie Bank. VTB in its…
Farmers & Merchants Bancorp to acquire Limberlost Bancshares for $88.8m
Farmers & Merchants Bancorp (F&M), the holding company for Farmers & Merchants State Bank, has signed an agreement to acquire…