Banks

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S&T Bancorp Inc and Integrity Bancshares Inc announce completion of merger

Wednesday, 4 Mar 2015 05:00pm EST

S&T Bancorp Inc:Says closing of its acquisition of Integrity Bancshares Inc.merger between S&T Bancorp, Inc. and Integrity Bancshares, Inc. was completed as of on March 4.Effective as of closing , Integrity Bank became wholly-owned subsidiary of S&T expanding S&T's geographic footprint eastward across Pennsylvania to include Cumberland, Dauphin, Lancaster and York counties.Integrity Bank will be merged into S&T Bank as soon as practicable.S&T anticipates the bank merger as well as the information technology and data processing systems conversion to be completed in Q2 of 2015.After bank merger, S&T Bank intends to operate bank branches in markets currently served by Integrity Bank using name Integrity Bank - A division of S&T Bank.

Triumph Bancorp Inc acquires Doral Money and Assumes Management of Doral CLO Portfolio

Tuesday, 3 Mar 2015 05:20pm EST

Triumph Bancorp Inc:Says that it, through its wholly owned subsidiary Triumph Capital Advisors, LLC, has acquired all equity of Doral Money, Inc. (Doral Money).And acquired certain related assets in connection with Federal Deposit Insurance Corporation's (FDIC) auction process for Doral Bank.

Howard Bancorp Inc and Patapsco Bancorp to merge

Tuesday, 3 Mar 2015 10:01am EST

Howard Bancorp Inc:Says the company and and Patapsco Bancorp, Inc, jointly announced that they have entered into an agreement to merge.Under the merger agreement, Patapsco will merge into Howard, in a part stock, part cash transaction having an aggregate fixed value of $10.053 million.Patapsco shareholders will receive $5.09 per share in cash (20 pct of total consideration) or shares of Howard common stock (80 pct of total consideration), at their election, subject to an allocation and proration process.Howard can elect to change the stock/cash mix from 80pct/20 pct to up to 50 pct/50 pct at its election, subject to certain conditions.Patapsco has the right to terminate the transaction if Howard's 20 day average closing price is less than $7.20 per share and certain other conditions are met.Transaction is subject to customary conditions, including regulatory and stockholder approval.Merger is expected to close in the third or early in the fourth quarter of 2015 and has been approved by the boards of both institutions.

Howard Bancorp Inc and Patapsco Bancorp to merge

Tuesday, 3 Mar 2015 10:01am EST

Howard Bancorp Inc:Says the company and and Patapsco Bancorp, Inc, jointly announced that they have entered into an agreement to merge.Under the merger agreement, Patapsco will merge into Howard, in a part stock, part cash transaction having an aggregate fixed value of $10.053 million.Patapsco shareholders will receive $5.09 per share in cash (20 pct of total consideration) or shares of Howard common stock (80 pct of total consideration), at their election, subject to an allocation and proration process.Howard can elect to change the stock/cash mix from 80pct/20 pct to up to 50 pct/50 pct at its election, subject to certain conditions.Patapsco has the right to terminate the transaction if Howard's 20 day average closing price is less than $7.20 per share and certain other conditions are met.Transaction is subject to customary conditions, including regulatory and stockholder approval.Merger is expected to close in the third or early in the fourth quarter of 2015 and has been approved by the boards of both institutions.

Wintrust Financial Corp announces plans to acquire Community Financial Shares Inc

Monday, 2 Mar 2015 05:05pm EST

Wintrust Financial Corp:Says signing of definitive agreement to acquire Community Financial Shares Inc (CFIS).CFIS is the parent company of Community Bank-Wheaton/Glen Ellyn (CBWGE), an Illinois-state chartered bank, which operates four banking locations in Wheaton and Glen Ellyn, Illinois.Subject to possible adjustment, aggregate purchase price will about $42.375 mln.Shares of CFIS common stock outstanding at the time of the merger, including from the conversion of all CFIS preferred stock, will be converted into the right to receive merger consideration paid in combination of about 50 pct cash and 50 pct shares of Wintrust common stock.Transaction is expected to close in Q2 of 2015 and is not expected to have material effect on Wintrust's 2015 earnings per share.

Glacier Bancorp Inc. completes acquisition of Community Bank, Inc. in Ronan, Montana

Monday, 2 Mar 2015 01:21pm EST

Glacier Bancorp Inc:Completion of its acquisition of Montana Community Banks, Inc. and its subsidiary, Community Bank, Inc., a community bank based in Ronan, Montana.Community Bank provides banking services to individuals and businesses in western Montana, with eight banking offices located in Missoula, Polson, Ronan, and Pablo.The branches of Community Bank have merged into Glacier Bank and become part of the Glacier Bank and First Security Bank banking divisions.At Dec. 31, 2014 Community Bank had total assets of $175 million.

State Bank Financial Corp and Trust Company creates insurance division with acquisition

Monday, 2 Mar 2015 09:00am EST

State Bank Financial Corp:Has launched an insurance division to offer State Bank customers a full range of personal and commercial insurance products.State Bank enters insurance business through acquisition of substantially all of assets of Boyett Agency, LLC, privately owned, 61-year-old independent insurance agency based in Dalton, Georgia.Terms of transaction were not disclosed.

Sterling Bancorp acquires Damian Services Corporation

Monday, 2 Mar 2015 08:30am EST

Sterling Bancorp:Completes acquisition of Damian Services Corporation.Terms of the transaction were not disclosed.

Nordjyske Bank A/S Signs merger plan with Nørresundby Bank on March 1

Monday, 2 Mar 2015 08:15am EST

Nordjyske Bank A/S:Signed merger plan with Nørresundby Bank on March 1.

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