Press Releases
2019
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News
Strategy Reports
11/20/2019
MetaBank, a wholly-owned subsidiary of Meta Financial Group, Inc. (NASDAQ: CASH; Sioux Falls, SD), has agreed to sell its community bank division to Central Bank (Private; Storm Lake, IA)
11/20/2019
Bank First Corporation (NASDAQ: BFC; Manitowoc, WI) has agreed to acquire Tomah Bancshares, Inc. (Private; Tomah, WI), parent company of Timberwood Bank
11/19/2019
Seacoast Banking Corporation of Florida (NASDAQ: SBCF; Stuart, FL) has agreed to acquire First Bank of the Palm Beaches (Private; West Palm Beach, FL)
11/18/2019
United Bankshares, Inc. (NASDAQ: UBSI; Charleston, WV) has agreed to acquire Carolina Financial Corporation (NASDAQ: CARO; Charleston, SC)
11/8/2019
Veritex Holdings, Inc. (NASDAQ: VBTX; Dallas, TX) Completes Private Placement of $75.0 Million of Subordinated Notes due 2029
11/7/2019
Volunteer State Bancshares, Inc. (Private; Portland, TN) Completes Private Placement of $40.0 Million of Subordinated Notes due 2029
11/1/2019
Fidelity Federal Bancorp (Private; Evansville, IN) Closes Private Placement of $23.5 Million of Subordinated Notes due 2029
10/31/2019
Central Federal Corporation (NASDAQ: CFBK; Worthington, OH) Closes Private Placement of $25.0 Million of Common Stock and Convertible Preferred Stock
10/25/2019
Empire Bancorp, Inc. (OTCQX: EMPK; Islandia, NY) has agreed to merge with Flushing Financial Corporation (NASDAQ: FFIC; Uniondale, NY)
10/16/2019
Provident Bancorp, Inc. (NASDAQ: PVBC; Amesbury, MA), the holding company for The Provident Bank, announced the completion of its second-step conversion from the mutual holding company form of organization to the stock holding company form of organization
10/15/2019
Arbor Realty Trust, Inc. (NYSE: ABR; Uniondale, NY) Closes Private Placement of $110.0 Million of Senior Unsecured Notes due 2024
10/15/2019
Docking Bancshares, Inc. (Private; Arkansas City, KS) has agreed to acquire Midland Financial Corporation (Private; Newton, KS)
10/11/2019
Southfield Capital Sells Spectrum Automotive Holdings Corp.
10/9/2019
First Waterloo Bancshares, Inc. (Waterloo, IL) has agreed to acquire Best Hometown Bancorp, Inc. (OTC Pink: BTHT; Collinsville, IL)
10/7/2019
Bay Banks of Virginia, Inc. (OTCQB: BAYK; Richmond, VA) Closes Private Placement of $25 Million of 5.625% Subordinated Notes due 2029
10/1/2019
Cowen Inc. (NASDAQ: COWN; New York, NY) Closes Private Placement of $25.0 Million of Senior Notes due 2024
9/30/2019
Southern First Bancshares, Inc. (NASDAQ: SFST; Greenville, SC) Closes $23.0 Million of Subordinated Notes due 2029
9/27/2019
LSG Insurance Partners Enters into Agreement to be Acquired by Arthur J. Gallagher & Co.
9/25/2019
City National Bank of Florida (Private; Miami, FL) has agreed to acquire Executive Banking Corporation (Private; Miami, FL)
9/24/2019
Revere Bank (OTCQX: REVB; Rockville, MD) has agreed to merge with Sandy Spring Bancorp, Inc. (NASDAQ: SASR; Olney, MD)
9/24/2019
Community Financial Holding Company, Inc. (Private; Duluth, GA) has agreed to merge with First Citizens BancShares, Inc. (NASDAQ: FCNC.A; Raleigh, NC)
9/20/2019
Midland States Bancorp, Inc. (NASDAQ: MSBI; Effingham, IL) Closes Private Placement of $72.75 Million of 5.00% Subordinated Notes due 2029 and $27.25 Million of 5.50% Subordinated Notes due 2034
9/17/2019
AVANA Capital Closes Offering of $65.0 Million of Senior Secured Notes due 2024
9/12/2019
F&M Financial Corporation (Private; Clarksville, TN) Completes Private Placement of $50.0 Million of Subordinated Notes due 2029
9/11/2019
Pinnacle Financial Partners, Inc. (NASDAQ: PNFP; Nashville, TN) Completes Offering of $300.0 Million of Subordinated Notes due 2029
9/9/2019
United Community Financial Corp. (NASDAQ: UCFC; Youngstown, OH) has agreed to merge with First Defiance Financial Corp. (NASDAQ: FDEF; Defiance, OH)
9/9/2019
Northpointe Bancshares, Inc. (Private; Grand Rapids, MI) Completes Private Placement of $20.0 Million of Subordinated Notes due 2029
8/29/2019
DSA Financial Corporation (OTC Pink: DSFN; Lawrenceburg, IN) has agreed to merge with FCN Banc Corp. (OTC Pink: FBVI; Brookville, IN)
8/28/2019
First Midwest Bancorp, Inc. (NASDAQ: FMBI; Chicago, IL) has agreed to acquire Bankmanagers Corp. (Private; Milwaukee, WI), parent company of Park Bank
8/16/2019
Bancorp of New Jersey, Inc. (NYSEAM: BKJ; Fort Lee, NJ) has agreed to merge with ConnectOne Bancorp, Inc. (NASDAQ: CNOB; Englewood Cliffs, NJ)
8/15/2019
Grant Bancshares, Inc. (Private; Natchitoches, LA) Closes Private Placement of $16.5 Million of 5.625% Subordinated Notes due 2029
8/14/2019
HarborOne Bancorp, Inc. (Nasdaq: HONE; Brockton, MA), the holding company for HarborOne Bank, announced the completion of its second-step conversion from the mutual holding company form of organization to the stock holding company form of organization
8/13/2019
Ann Arbor Bancorp, Inc. (Private; Ann Arbor, MI) has agreed to merge with Level One Bancorp, Inc. (NASDAQ: LEVL; Farmington Hills, MI)
8/13/2019
Peoples Bankshares, Incorporated (OTC Pink: PBVA; Montross, VA) has agreed to merge with C&F Financial Corporation (NASDAQ: CFFI; Toano, VA)
8/9/2019
Country Bank Holding Company, Inc. (OTC Pink: CYHC; New York, NY) has agreed to merge with OceanFirst Financial Corp. (NASDAQ: OCFC; Toms River, NJ)
7/29/2019
First Long Island Investors Has Sold a Minority Stake to Kudu Investment Management
7/29/2019
Sierra, MCC and MDLY Amend Merger Agreements Which Would Create Leading Internally Managed BDC with Enhanced Scale, Diversified Credit Investment Platform and $4.7 Billion In Assets Under Management
7/25/2019
SBC, Incorporated (Private; Countryside, IL), parent company of Countryside Bank, has agreed to merge with Wintrust Financial Corporation (NASDAQ: WTFC; Rosemont, IL)
7/23/2019
WinFirst Bank (Private; Winchester, KY) has agreed to merge with First South Financial Credit Union (Private; Bartlett, TN)
7/22/2019
Ready Capital Corporation (NYSE: RC; New York, NY) Closes Offering of $57.5 Million of Senior Unsecured Notes due 2026
7/17/2019
Pioneer Bancorp, Inc. (Nasdaq: PBFS; Albany, NY), the holding company for Pioneer Bank, announced the completion of its minority (MHC) stock offering
7/15/2019
Carolina Financial Corporation (NASDAQ: CARO; Charleston, SC) has agreed to acquire Carolina Trust Corporation (NASDAQ: CART; Lincolnton, NC)
7/15/2019
United Financial Bancorp, Inc. (NASDAQ: UBNK; Hartford, CT) has agreed to merge with People's United Financial, Inc. (NASDAQ: PBCT; Bridgeport, CT)
7/12/2019
Aflac Incorporated (NYSE: AFL) has announced the acquisition of Argus Holdings, LLC
7/2/2019
Frederick County Bancorp, Inc. (OTC Pink: FCBI; Frederick, MD) has agreed to merge with ACNB Corporation (NASDAQ: ACNB; Gettysburg, PA)
7/2/2019
Central Financial Holdings, Inc. (Private; Tampa, FL) Closes offering of $5.0 Million of 7.00% Senior Unsecured Notes due 2024
6/28/2019
Private Bancorp of America, Inc. (OTCQX: PBAM; La Jolla, CA) Closes Private Placement of $10.0 Million of Common Stock
6/26/2019
Cadence Bancorporation (NYSE: CADE; Houston, TX) Closes offering of $85 Million of 4.750% Subordinated Notes due 2029
6/25/2019
German American Bancorp, Inc. (NASDAQ: GABC; Jasper, IN) Closes Private Placement of $40.0 Million of Subordinated Notes due 2029
6/20/2019
Central Bancshares, Inc. (Private; Houston, TX) Closes Private Placement of $17.5 Million of 5.750% Subordinated Notes due 2029
6/18/2019
CoastalSouth Bancshares, Inc. (OTCQX: COSO; Hilton Head Island, SC) Closes $20.0 Million Offering of Common Stock
6/14/2019
Consumers Bancorp, Inc. (OTCQX: CBKM; Minerva, OH) and Peoples Bancorp of Mt. Pleasant, Inc. (Private: Mt. Pleasant, OH) to Merge
6/7/2019
Stewardship Financial Corporation (NASDAQ: SSFN; Midland Park, NJ) has agreed to merge with Columbia Financial, Inc. (MHC) (NASDAQ: CLBK; Fair Lawn, NJ)
6/3/2019
Texas State Bankshares, Inc. (Private; Harlingen, TX) Closes Private Placement of $35.0 Million of 5.750% Subordinated Notes due 2029
6/3/2019
Northpointe Bancshares, Inc. (Private; Grand Rapids, MI) Closes Private Placement of $25.0 Million of Common Equity
5/28/2019
Lighthouse Bank (OTC Pink: LGHT; Santa Cruz, CA) has agreed to merge with Santa Cruz County Bank (OTC Pink: SCZC; Santa Cruz, CA)
5/20/2019
First Southwest Corporation (Private; McComb, MS) Closes Private Placement of $10 Million of 6.350% Subordinated Notes due 2029
5/17/2019
Miami International Holdings, Inc. (Private; Princeton, NJ) Partners with Leading Equities Firms to Launch Cash Equities Exchange
5/16/2019
Presidio Bank (OTC PINK: PDOB; San Francisco, CA) has agreed to merge with Heritage Commerce Corp (NASDAQ: HTBK; San Jose, CA)
5/15/2019
Tectonic Financial, Inc. (NASDAQ: TECTP; Dallas, TX) Closes $15.0 Million Initial Public Offering of Non-Cumulative Perpetual Preferred Stock
5/15/2019
Continental National Bank (Private; Miami, FL) Has Agreed to Merge with First American Bank (Private; Elk Grove, IL)
5/14/2019
Virginia Community Bankshares, Inc. (OTC Pink: VCBS; Louisa, VA) has agreed to merge with Blue Ridge Bankshares, Inc. (OTC Pink: BRBS; Luray, VA)
5/14/2019
United Bancorp, Inc. (NASDAQ: UBCP; Martins Ferry, OH) Closes Private Placement Offering of $20 Million of 6.00% Subordinated Notes due 2029
5/14/2019
South Plains Financial, Inc. (NASDAQ: SPFI; Lubbock, TX) Closes $59.2 Million Initial Public Offering of Common Stock
5/9/2019
Employers Mutual Casualty Company has agreed to acquire all of the outstanding shares of EMC Insurance Group Inc. that it does not currently own for $36.00 per share in cash
5/7/2019
Sound Bank (Private; Morehead City, North Carolina) Completes $100 Million Recapitalization
5/6/2019
Cowen Inc. (NASDAQ: COWN; New York, NY) Closes Private Placement of $53.0 Million of Senior Notes due 2024
5/6/2019
BAC Florida Bank (Private; Coral Gables, FL) has Agreed to Merge with Banco Bradesco S.A. (BSP: BBDC4, NYSE: BBD; Sao Paulo, BR)
5/6/2019
Gateway First Bank (Private; Jenks, OK) Closes Offering of $40.0 Million of Common Stock
4/30/2019
MidSouth Bancorp, Inc. (NYSE: MSL; Lafayette, LA) has agreed to merge with Hancock Whitney Corporation (NASDAQ: HWC; Gulfport, MS)
4/25/2019
Private Bancorp of America, Inc. (OTCQX: PBAM; La Jolla, CA) Closes Private Placement of $18.0 Million of Subordinated Notes due 2029
4/24/2019
Dominion Bancshares (Private; Dallas, Texas) Closes Offering of Over $40 Million of Common Stock
4/24/2019
Entegra Financial Corp. (NASDAQ: ENFC; Franklin, N.C.) has agreed to merge with First Citizens BancShares, Inc. (NASDAQ: FCNC.A; Raleigh, N.C.)
4/18/2019
Sotherly Hotels Inc. (NASDAQ: SOHO; Williamsburg, VA) Closes $27.0 Million Preferred Stock Offering
4/15/2019
Admirals Bancorp, Inc. Announces Successful Completion of $26.5 Million Recapitalization
4/10/2019
The Carlyle Group & Co-Investors Announce Sale of Athena Art Finance Corp. to YieldStreet
4/9/2019
Tradeweb Markets, Inc. (NASDAQ: TW: New York, NY) Closes $1.2 Billion Initial Public Offering of Common Stock
4/4/2019
CBX Corporation (Private; Carrollton, IL) Closes Private Placement of $18.0 Million of Subordinated Notes due 2029
3/28/2019
Merchants Bancorp (NASDAQ: MBIN; Carmel, IN) Closes Offering of $50.0 Million of Non-Cumulative Perpetual Preferred Stock
3/26/2019
Medallion Financial Corp. (NASDAQ: MFIN; New York, NY) Closes Private Placement of $30.0 Million of Senior Notes due 2024
3/25/2019
Webster Financial Corporation (NYSE: WBS; Waterbury, CT) Closes Offering of $300 Million of 4.10% Senior Notes due 2029
3/22/2019
Arbor Realty Trust, Inc. (NYSE: ABR; Uniondale, NY) Closes Private Placement of $90.0 Million of Senior Unsecured Notes due 2024
3/19/2019
Grand Bank, National Association (Private; Hamilton Square, NJ) has agreed to merge with First Bank (NASDAQ: FRBA; Hamilton, NJ)
3/15/2019
Independent Bank Corp. (NASDAQ: INDB, Rockland, MA) Closes Offering of $50.0 Million of 4.75% Subordinated Notes due 2029
3/15/2019
McGraw Hill Federal Credit Union has agreed to merge with Pentagon Federal Credit Union
3/13/2019
Oaktree Capital Management to sell 62% stake to Brookfield Asset Management
2/26/2019
1347 Property Insurance Holdings Announces the Sale of its Homeowners’ Insurance Operations to FedNat Holding Company
2/21/2019
Relation Insurance Services Enters into Agreement to be Acquired by Aquiline Capital Partners
2/21/2019
German American Bancorp, Inc. (NASDAQ: GABC; Jasper, IN) has agreed to acquire Citizens First Corporation (NASDAQ: CZFC; Bowling Green, KY)
2/14/2019
Green Square Wealth Management Partners with HighTower
2/14/2019
F.N.B. Corporation (NYSE: FNB, Pittsburgh, PA) Closes Offering of $120.0 Million of 4.950% Subordinated Notes due 2029
2/12/2019
Pedcor Bancorp (Private; Carmel, IN) Closes Private Placement of $8.0 Million of Subordinated Notes due 2029
2/12/2019
U.S. Risk Insurance Group Enters into Agreement to be Acquired by USI Insurance Services
2/11/2019
American Trust & Savings Bank Agrees to Sell American Trust Retirement to First Mercantile Trust, a Subsidiary of EdgeCo Holdings
2/6/2019
OTC Markets Group Inc. (OTCQX: OTCM; New York, NY) has acquired Qaravan Inc. (Private; Chevy Chase, MD)
2/1/2019
Aquesta Financial Holdings, Inc. (OTC Pink: AQFH) Announces Private Placement of $15.2 Million of Equity Capital
1/31/2019
Lewis & Clark Bank (OTC Pink: LWCL; Oregon City, OR) has agreed to acquire Clatsop Community Bank (OTC Pink: CLAT; Seaside, OR)
1/23/2019
Bank First National Corporation (NASDAQ: BFC; Manitowoc, WI) has agreed to acquire Partnership Community Bancshares, Inc. (Private; Cedarburg, WI)
1/18/2019
Centurion American Development Group, LLC Closes Private Placement of $31.9 Million Senior Secured Notes due 2024
1/16/2019
Rhinebeck Bancorp, Inc. (Nasdaq: RBKB; Poughkeepsie, NY), the holding company for Rhinebeck Bank, announced the completion of its minority (MHC) stock offering
1/16/2019
FNB Bancorp (Private; Layton, UT) has agreed to merge with Glacier Bancorp, Inc. (NASDAQ: GBCI; Kalispell, MT)
1/15/2019
Heartland Financial USA, Inc. Announces Sale of Consumer Finance Subsidiary Citizens Finance
1/7/2019
HopFed Bancorp, Inc. (NASDAQ: HFBC; Hopkinsville, KY) has agreed to merge with First Financial Corporation (NASDAQ: THFF; Terre Haute, IN)
1/4/2019
Safety National Casualty Corporation Acquires Midlands Management Corporation