The deal, set to close in the third quarter, values the Seattle lender at $300 million. The offer comes about four months after HomeStreet’s proposed tie-up with FirstSun collapsed.
Under the terms of the agreement, HomeStreet Bank will be merged with Mechanics Bank and be renamed as Mechanics Bancorp by Q3 2025.
The banking and lending company HomeStreet plans to undergo an all-stock reverse merger with the privately held Walnut Creek, Calif., bank. The deal carries an estimated equity value of $300 million ...
TowneBank (Nasdaq: TOWN) announced today the completion of its merger with Village Bank and Trust Financial Corp. and its subsidiary, Village Bank. The merger enhances TowneBank’s continued and ...
BankFirst of Columbus (Mississippi) has announced the signing of a merger agreement with Magnolia State Bank of Bay Springs.
Listen to this article Suffolk-based TowneBank has completed its acquisition of Midlothian’s Village Bank and its parent company Village Bank and Trust Financial, the bank announced Tuesday. When the ...
The Luther Burbank merger improved WaFd's loan to deposit ratio. Read why WAFD's preferred stock, WAFDP, is attractive for ...
Shares of Cadence Bank climbed after the company said it received all regulatory approvals to complete its proposed merger with FCB Financial, the bank holding company for First Chatham Bank.
The Federal Deposit Insurance Corporation's board of directors approved a proposal Monday to roll back a Biden-era policy that ramped up the scrutiny of large bank mergers, the agency said in a ...
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