Press Releases
2017
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News
Strategy Reports
12/12/2017
Luther Burbank Corporation (NASDAQ: LBC; Santa Rosa, CA) Closes $150.2 Million Initial Public Offering of Common Stock
12/12/2017
Peapack-Gladstone Financial Corporation (NASDAQ: PGC; Bedminster, NJ) Closes Offering of $35 Million of Subordinated Notes due 2027
12/1/2017
City National Bank of Florida (Private; Miami, FL) has agreed to acquire TotalBank (Private; Miami, FL)
12/1/2017
The Carlyle Group (NASDAQ: CG) has Agreed to Sell a 24.75% Stake in The TCW Group to Nippon Life Insurance Company
11/28/2017
Narragansett Financial Corp. (Private; No-Stock Mutual Holding Company) Closes Private Placement of $25.0 Million of Subordinated Notes due 2027
11/28/2017
Integrity Bancshares, Inc. (Private; Houston, TX) has agreed to merge with Independent Bank Group, Inc. (NASDAQ: IBTX; McKinney, TX)
11/22/2017
MB Financial, Inc. (NASDAQ: MBFI; Chicago, IL) Closes Offering of $200.0 Million of Noncumulative Perpetual Preferred Stock
11/21/2017
Sterling Bancorp, Inc. (NASDAQ: SBT; Southfield, MI) Closes $180.0 Million Initial Public Offering of Common Stock
11/20/2017
The Carlyle Group has agreed to acquire BenefitMall
11/16/2017
MB Financial Bank, N.A., a Subsidiary of MB Financial, Inc. (NASDAQ: MBFI; Chicago, IL) Closes Offering of $175.0 Million of Subordinated Notes due 2027
11/15/2017
Financial Institutions Inc. (NASDAQ: FISI; Warsaw, NY) Completes $40.0 Million At-the-Market Offering of Common Stock
11/13/2017
East West Bancorp (NASDAQ: EWBC; Pasadena, CA) announces agreement to sell Desert Community Bank branches to Flagstar Bancorp (NYSE: FBC; Troy, MI)
11/13/2017
First Sentry Bancshares, Inc. (OTC Pink: FTSB; Huntington, WV) has agreed to merge with WesBanco, Inc. (NASDAQ: WSBC; Wheeling, WV)
11/9/2017
Meridian Bank (NASDAQ: MRBK; Malvern, PA) Closes $40.0 Million Initial Public Offering of Common Stock
11/7/2017
CBBC Bancorp (OTC PINK: CBBC; West Sacramento, CA) has agreed to merge with Suncrest Bank (OTCQX: SBKK; Visalia, CA)
11/6/2017
1ST Constitution Bancorp (NASDAQ: FCCY; Cranbury, NJ) to acquire New Jersey Community Bank (OTCQB: NJCB; Freehold, NJ)
11/3/2017
Wawel Bank (OTC Pink: WAWL; Garfield, NJ) has agreed to be acquired by Spencer Savings Bank, SLA (Private; Elmwood Park, NJ)
11/1/2017
Clifton Bancorp Inc. (NASDAQ: CSBK; Clifton, NJ) has agreed to merge with Kearny Financial Corporation (NASDAQ: KRNY; Fairfield, NJ)
10/31/2017
Merchants Bancorp (NASDAQ: MBIN; Carmel, IN) Closes $100.0 Million Initial Public Offering of Common Stock
10/26/2017
Triad Financial Services, Inc. Has Agreed to Be Acquired by ECN Capital Corp. (TSX: ECN)
10/24/2017
First Colebrook Bancorp, Inc. (OTCQX: FCNH; Colebrook, NH) has agreed to merge with Bangor Bancorp, MHC (Private; Bangor, ME)
10/19/2017
First Community Holdings Closes Private Placement of $25 Million of Subordinated Notes due 2027
10/19/2017
Gibraltar Private Bank & Trust Co. (Private; Coral Gables, FL) has agreed to merge with IBERIABANK Corporation (NASDAQ: IBKC; Lafayette, LA)
10/18/2017
First Bank (NASDAQ: FRBA; Hamilton, NJ) has agreed to acquire Delanco Bancorp, Inc. (OTC Pink: DLNO; Delanco, NJ)
10/11/2017
Sotherly Hotels Inc. (NASDAQ: SOHO; Williamsburg, VA) Closes $30 Million Preferred Stock Offering
10/10/2017
Center Coast Capital Holdings, LLC has Agreed to be Acquired by Brookfield Asset Management Inc. (NYSE: BAM)
10/2/2017
NexBank Capital, Inc. Closes Private Placement of $54 Million of Subordinated Notes due 2027
9/28/2017
Northpointe Bancshares, Inc. Closes Private Placement of $8.75 Million of Subordinated Notes due 2027
9/28/2017
Ion Financial MHC (Private; Naugatuck, CT) Closes Private Placement of $15.0 Million of Subordinated Notes due 2027
9/27/2017
FSB Financial Services, Inc. (Private; Waterloo, IA) Closes Private Placement of $10.0 Million of Subordinated Notes due 2027
9/19/2017
United Fire Group, Inc. Reaches Definitive Agreement to Sell its Subsidiary United Life Insurance Company to Kuvare US Holdings, Inc.
9/14/2017
National General Holdings Corp. Announces Agreement to Acquire Personal Lines Policy Administration System
9/13/2017
Algomi, Ltd. (Private) Closes a Strategic Investment from S&P Global Inc. (NYSE: SPGI; New York, NY)
9/6/2017
Global Insurance Management Company, Inc. has agreed to be acquired by Coverys
8/18/2017
Ellington Financial LLC (NYSE: EFC; Old Greenwich, CT) Closes Offering of $86.0 Million of 5.25% Senior Notes due 2022
8/14/2017
HCBF Holding Company, Inc. (Private; Fort Pierce, FL) has agreed to merge with CenterState Banks, Inc. (NASDAQ: CSFL; Winter Haven, FL)
8/9/2017
Plaza Bancorp (OTC PINK: PLZZ; Irvine, CA) has agreed to merge with Pacific Premier Bancorp, Inc. (Nasdaq: PPBI; Irvine, CA)
8/8/2017
Anchor Bancorp, Inc. (Private; Saint Paul, MN) has agreed to merge with Old National Bancorp (NASDAQ: ONB; Evansville, IN)
8/7/2017
Investar Holding Corporation (NASDAQ: ISTR; Baton Rouge, LA) has agreed to acquire BOJ Bancshares, Inc. (Private; Jackson, LA)
8/7/2017
MetLife, Inc. (NYSE: MET; New York, NY) completes the spin-off of Brighthouse Financial, Inc. (NASDAQ: BHF; Charlotte, NC)
8/7/2017
SumRidge Partners, LLC Has Completed a Minority Investment from Funds Managed by Stone Point Capital LLC
8/4/2017
The Bank of Princeton (NASDAQ: BPRN; Princeton, NJ) Closes $55.2 Million Follow-On Offering of Common Stock
8/3/2017
Assabet Valley Bancorp (Private; Hudson, MA) Closes Private Placement of $25.0 Million of Subordinated Notes due 2027
7/31/2017
RBB Bancorp (NASDAQ: RBB; Los Angeles, CA) Closes $86.3 Million Initial Public Offering of Common Stock
7/31/2017
Bank of Napa, N.A. (OTCQB: BNNP; Napa, CA) has agreed to merge with Bank of Marin Bancorp (Nasdaq: BMRC; Novato, CA)
7/28/2017
CoastalSouth Bancshares, Inc. (Private; Hilton Head Island, SC) Closes $61.9 Million Offering of Common Stock
7/26/2017
USAmeriBancorp, Inc (OTC Pink: USAB; Tampa, FL) has agreed to merge with Valley National Bancorp, Inc. (NYSE: VLY; Wayne, NJ)
7/26/2017
Community Healthcare Trust Incorporated (NYSE: CHCT; Franklin, TN) Closes $114.6 Million Follow-On Offering of Common Stock
7/26/2017
Puget Sound Bancorp, Inc. (OTCQB: PUGB; Seattle, WA) has agreed to merge with Heritage Financial Corporation (Nasdaq: HFWA; Olympia, WA)
7/25/2017
Atlantic Bay Mortgage Group (Virginia Beach, VA) and Virginia Community Bankshares, Inc. (OTC Pink: VCBS; Louisa, VA) announce strategic combination
7/25/2017
First Financial Bancorp (NASDAQ: FFBC; Cincinnati, OH) and MainSource Financial Group, Inc. (NASDAQ: MSFG; Greensburg, IN) have agreed to merge
7/19/2017
TowneBank (NASDAQ: TOWN; Portsmouth, VA) Closes Offering of $250.0 Million of Subordinated Notes due 2027
7/18/2017
BGC Partners, Inc. (NASDAQ: BGCP; New York, NY) has agreed to acquire Berkeley Point Financial LLC (Private; Bethesda, MD) and invest in a commercial real estate-related finance and investment business
7/13/2017
Avidbank Holdings, Inc. (OTCBB: AVBH; Palo Alto, CA) Announces Successful Completion of a $20 Million Private Offering of Common Shares
7/12/2017
Bridgewater Bancshares, Inc. (Private; Bloomington, MN) Closes Private Placement of $25.0 Million of Subordinated Notes due 2027
7/11/2017
Annaly Capital Management, Inc. (NYSE: NLY; New York, NY) and Bayview Asset Management, LLC (Private; Coral Gables, FL) Announce Purchase by Bayview of Pingora Loan Servicing Platform
7/11/2017
Miami Options Exchange (Private; Princeton, NJ) closes its 2017 Equity Rights Transaction
7/6/2017
John Marshall Bancorp, Inc. (OTCQB: JMSB; Reston, VA) Closes Private Placement of $25.0 Million of Subordinated Notes due 2027
7/5/2017
Archway Technology Partners, LLC (Private; Indianapolis, IN) has agreed to merge with SEI Investments Co. (NasdaqGS: SEIC; Oaks, PA)
6/30/2017
Sun Bancorp, Inc. (NASDAQ: SNBC) has agreed to merge with OceanFirst Financial Corp. (NASDAQ: OCFC)
6/30/2017
Esquire Financial Holdings, Inc. (NASDAQ: ESQ; Jericho, NY) Closes $33.1 Million Initial Public Offering of Common Stock
6/30/2017
Customers Bancorp, Inc. (NYSE: CUBI; Wyomissing, PA) Closes Offering of $100.0 Million of 3.950% Senior Notes due June 30, 2022
6/29/2017
Landmark Bancshares, Inc. (Private; Marietta, GA) Closes Private Placement of $13.0 Million of Subordinated Notes due 2027
6/28/2017
Bank of McKenney (OTC Pink: BOMK) and CCB Bankshares, Inc. (OTC Pink: CZYB) jointly announce the signing of a definitive agreement to combine in a strategic merger
6/27/2017
Four Oaks Fincorp, Inc. (OTCQX: FOFN; Four Oaks, NC) has agreed to merge with United Community Banks, Inc. (NASDAQ: UCBI; Blairsville, GA)
6/27/2017
Entegra Financial Corp. (NASDAQ: ENFC; Franklin, NC) has agreed to acquire Chattahoochee Bank of Georgia (Private; Gainesville, GA)
6/27/2017
Radius Bancorp, Inc. Closes Private Placement of $15.3 Million of Subordinated Notes due 2027
6/15/2017
Community 1st Bancorp (OTC PINK: CFBN; Auburn, CA) has agreed to merge with First Foundation Inc. (NASDAQ: FFWM; Irvine, CA)
6/13/2017
Dime Community Bancshares, Inc. (NASDAQ: DCOM) Closes Offering of $115.0 Million of Subordinated Notes due 2027
6/13/2017
MidSouth Bancorp, Inc. (NYSE: MSL; Lafayette, LA) Closes $55.0 Million Offering of Common Stock
6/8/2017
Astoria Financial Corp. (NYSE: AF; Lake Success, NY) Closes Offering of $200.0 Million of 3.500% Senior Notes due June 8, 2020
6/1/2017
Resurgens Bancorp (Private; Tucker, GA) has agreed to merge with Charter Financial Corporation (NASDAQ: CHFN; West Point, GA)
5/30/2017
First Bank (NASDAQ: FRBA; Hamilton, NJ) Closes $37.5 Million Follow-On Offering of Common Stock
5/26/2017
Heritage Commerce Corp (Nasdaq: HTBK; San Jose, CA) Completes Offering of $40.0 Million of Subordinated Notes
5/25/2017
First Busey Corp. (NASDAQ: BUSE; Champaign, IL) Closes Offering of $60.0 Million of 4.750% Subordinated Notes due May 25, 2017 and $40.0 Million of 3.750% Senior Notes due May 25, 2022
5/25/2017
Berkshire Hills Bancorp, Inc. (NYSE: BHLB; Pittsfield, MA) Closes $160.0 Million Follow-On Offering of Common Stock
5/22/2017
Commerce Bancshares Corp. (Private; Worcester, MA) has agreed to merge with Berkshire Hills Bancorp, Inc. (NYSE: BHLB; Pittsfield, MA)
5/22/2017
Union Bankshares Corporation (NASDAQ: UBSH; Richmond, VA) and Xenith Bankshares, Inc. (NASDAQ: XBKS; Richmond, VA) announce definitive merger agreement
5/22/2017
First Bank (Creve Coeur, MO) has agreed to sell three branches in Missouri to UNICO Bank (Mineral Point, MO)
5/22/2017
First Resource Bank (OTCQX: FRSB; Exton, PA) Closes $4.1 Million Private Placement of Common Stock
5/19/2017
NorthStar Banking Corporation (Private; Tampa, FL) has agreed to merge with Seacoast Banking Corporation of Florida (NASDAQ: SBCF; Stuart, FL)
5/17/2017
AltX, Inc. (Private; San Francisco, CA) has agreed to merge with Addepar, Inc. (Private; Mountain View, CA)
5/16/2017
Sandy Spring Bancorp, Inc. (NASDAQ: SASR; Olney, MD) has agreed to acquire WashingtonFirst Bankshares, Inc. (NASDAQ: WFBI; Reston, VA)
5/12/2017
Bank First National Corporation (OTC Pink: BFNC; Manitowoc, WI) has agreed to acquire Waupaca Bancorporation, Inc (Private; Waupaca, WI)
5/12/2017
Guaranty Bancshares, Inc. (NASDAQ: GNTY; Mount Pleasant, Texas) Closes $62.1 Million Initial Public Offering of Common Stock
5/9/2017
Two Sigma Securities, LLC (Private; New York, NY) has agreed to acquire the U.S. Options-Market-Making Business of Interactive Brokers Group, Inc. (NasdaqGS: IBKR; Greenwich, CT)
5/8/2017
Kalyx Development Inc. (Private; New York, NY) has agreed to merge with and into Atlantic Alliance Partnership Corp. (NASDAQ: AAPC; New York, NY)
5/4/2017
Capital Bank Financial Corp. (NASDAQ: CBF; Charlotte, NC) has agreed to merge with First Horizon National Corporation (NYSE: FHN; Memphis, TN)
5/4/2017
Palm Beach Community Bank (Private; West Palm Beach, FL) has agreed to merge with Seacoast Banking Corporation of Florida (NASDAQ: SBCF; Stuart, FL)
5/2/2017
Southern First Bancshares, Inc. (NASDAQ: SFST; Greenville, SC) Closes $26.4 Million Offering of Common Stock
4/27/2017
TowneBank (NASDAQ: TOWN; Portsmouth, VA) has agreed to acquire Paragon Commercial Corporation (NASDAQ: PBNC; Raleigh, NC)
4/27/2017
Folsom Lake Bank (OTC PINK:FOLB, Folsom, CA) has agreed to merge with Central Valley Community Bancorp (NASDAQ:CVCY, Fresno, CA)
4/26/2017
Atlas Financial Holdings, Inc. (NASDAQ: AFH; Elk Grove Village, IL) Completes Offering of $25.0 Million of 6.625% Senior Notes due 2022
4/25/2017
Elmira Savings Bank (NASDAQ: ESBK) Closes $9.5 Million Private Placement of Common Stock
4/20/2017
Virtu Financial, Inc. (NASDAQ: VIRT; New York, NY) has agreed to acquire KCG Holdings, Inc. (NYSE: KCG; New York, NY)
4/20/2017
PCSB Financial Corporation (NASDAQ: PCSB; Yorktown Heights, NY) has completed its conversion from a mutual holding company to a stock holding company
4/19/2017
Synovus Financial Corp. (NYSE: SNV; Columbus, GA) has announced a strategic transaction with Capital One Financial Corp. (NYSE: COF; McLean, VA) and World’s Foremost Bank, a wholly-owned subsidiary of Cabela’s Inc.
4/19/2017
Private Bancorp of America (OTCQB: PBAM; San Diego, CA) Closes $17.0 Million Private Placement of Common Stock
4/19/2017
Cadence Bancorporation (NYSE: CADE; Houston, Texas) Closes $150.0 Million Initial Public Offering of Common Stock
4/17/2017
Stewardship Financial Corporation (NASDAQ: SSFN; Midland Park, NJ) Closes $20.7 Million Follow-On Offering of Common Stock
4/6/2017
PacWest Bancorp (Nasdaq: PACW; Beverly Hills, CA) has agreed to acquire CU Bancorp (NASDAQ: CUNB; Los Angeles, CA)
4/3/2017
Home BancShares, Inc. (NASDAQ: HOMB; Conway, AR) Closes Offering of $300.0 Million of 5.625% Subordinated Notes due April 15, 2027
3/31/2017
Samuel Lotstein Realty Company, LLC Sells Grocery-Anchored Shopping Center and Portfolio of Triple Net Leased Retail Properties to Urstadt Biddle Properties Inc. (NYSE: UBA) in DownREIT Partnership
3/30/2017
PrivateBancorp, Inc. (NASDAQ: PVTB; Chicago, IL) has entered into an amended merger agreement with CIBC (TSX: CM; NYSE: CM; Toronto, Ontario)
3/29/2017
First Bank (NASDAQ: FRBA; Hamilton, NJ) has agreed to acquire Bucks County Bank (OTC Pink: BKCS; Doylestown, PA)
3/29/2017
Mid Penn Bancorp, Inc. (NASDAQ: MPB; Millersburg, PA) has agreed to acquire Scottdale Bank & Trust Company (OTC Pink: SDLJ; Scottdale, PA)
3/27/2017
HNA Capital US Agrees to Acquire a 24.95% Stake in OM Asset Management plc (NYSE: OMAM) from Old Mutual plc (LSE: OML)
3/21/2017
Hanmi Financial Corporation (NASDAQ: HAFC; Los Angeles, CA) Completes Offering of $100.0 Million of 5.45% Subordinated Notes due 2027
3/13/2017
First Busey Corporation (NASDAQ: BUSE; Champaign, IL) has agreed to acquire Mid Illinois Bancorp, Inc. (Private; Peoria, IL)
3/8/2017
Investar Holding Corporation (NASDAQ: ISTR; Baton Rouge, LA) has agreed to acquire Citizens Bancshares, Inc. (Private; Ville Platte, LA)
3/8/2017
Metropolitan Bank Holding Corp. Closes Private Placement of $25.0 Million of Subordinated Notes due 2027
3/7/2017
Astoria Financial Corporation (NYSE: AF; Lake Success, NY) has agreed to merge with Sterling Bancorp (NYSE: STL; Montebello, NY)
3/1/2017
Banc of California NA, a subsidiary of Banc of California, Inc. (NYSE: BANC; Irvine, CA), has agreed to the Strategic Sale of its Mortgage Banking Division to Caliber Home Loans (Private; Irving, TX)
2/28/2017
The Bank of N.T. Butterfield & Son Limited (NYSE: NTB; Hamilton, Bermuda) Closes $348.9 Million Secondary Offering of Common Stock
2/24/2017
Civista Bancshares, Inc. (NASDAQ: CIVB; Sandusky, OH) Closes $35.0 Million Offering of Common Stock
2/23/2017
Capital Funding Bancorp, Inc. Closes Private Placement of $35.0 Million of Subordinated Notes due 2027
2/23/2017
NexBank Capital, Inc. Closes Private Placement of $80.0 Million of Senior Unsecured Notes due 2026
2/21/2017
Global Bankers Insurance Group to Acquire Pavonia Holdings (US), Inc.
2/21/2017
Seacoast Banking Corporation of Florida (NASDAQ: SBCF; Stuart, FL) Closes $198.3 Million Offering of Common Stock
2/17/2017
First Merchants Corporation (NASDAQ: FRME; Muncie, IN) has agreed to acquire Independent Alliance Banks, Inc. (OTCQX: IALB; Fort Wayne, IN)
2/17/2017
Northpointe Bancshares, Inc. Closes Private Placement of $8.5 Million of Subordinated Notes due 2027
2/16/2017
Opus Bank (NASDAQ: OPB; Irvine, CA) Closes $53.0 Million Private Placement of Common Stock
2/13/2017
Citywide Banks of Colorado, Inc. (Private; Denver, CO) has agreed to merge with Heartland Financial USA, Inc. (NASDAQ: HTLF; Dubuque, IA)
2/8/2017
Malvern Bancorp, Inc. (NASDAQ: MLVF) Completes Private Placement Offering of $25.0 Million of Subordinated Notes due 2027
1/31/2017
Bryn Mawr Bank Corporation (NASDAQ: BMTC; Bryn Mawr, PA) has agreed to acquire Royal Bancshares of Pennsylvania, Inc. (NASDAQ: RBPAA; Bala Cynwyd, PA)
1/31/2017
Kingstone Companies, Inc. (NASDAQ: KINS; Kingston, NY) Closes $35.4 Million Public Offering
1/26/2017
Centrue Financial Corporation (NASDAQ: CFCB; Ottawa, IL) has agreed to merge with Midland States Bancorp, Inc. (NASDAQ: MSBI; Effingham, IL)
1/25/2017
First Merchants Corporation (NASDAQ: FRME; Muncie, IN) has agreed to acquire The Arlington Bank (Private; Upper Arlington, OH)
1/23/2017
Evans Bancorp, Inc. (NYSE MKT: EVBN; Hamburg, NY) Closes $14.0 Million Follow-On Offering of Common Stock
1/23/2017
U & I Financial Corp. (OTC PINK: UNIF; Lynnwood, WA) has agreed to merge with Hope Bancorp, Inc. (NASDAQ: HOPE; Los Angeles, CA)
1/22/2017
BNC Bancorp (NASDAQ: BNCN; High Point, NC) has agreed to merge with Pinnacle Financial Partners, Inc. (NASDAQ: PNFP; Nashville, TN)
1/17/2017
Renasant Corporation (NASDAQ: RNST; Tupelo, MS) has agreed to acquire Metropolitan BancGroup, Inc. (Private; Ridgeland, MS)
1/11/2017
Jeff Davis Bancshares, Inc. (OTC Pink: JDVB) Completes Private Placement Offering of $17.5 Million of Subordinated Notes due 2027
1/10/2017
Northwest Bancshares, Inc. (NASDAQ: NWBI; Warren, PA) has agreed to sell three branches in Central Maryland to Shore Bancshares, Inc. (NASDAQ: SHBI; Easton, MD)