M&A
Mergers, acquisitions, divestitures, and deal-making across the global financial sector.
ODNB Financial and National Capital Bancorp announce merger of equals in Washington DC
ODNB and NACB agreed a merger of equals to create a top-tier Washington DC community bank with roughly $2.4 billion in assets, renamed National Capital Bancorp.
UniCredit wins support for Commerzbank takeover using Andrea Orcel’s tender tactics
FT reported that UniCredit won shareholder support for its lowball bid for Commerzbank after employing tender offer tactics devised by chief executive Andrea Orcel in a 21-month takeover battle.
BancFirst agrees to buy SpiritBank and expand its Tulsa area footprint
Oklahoma-based BancFirst agreed to acquire SpiritBank for an undisclosed sum, a transaction set to close in the fourth quarter that would further increase the bank's presence in the Tulsa market.
Isabella Bank agrees $54.6 million deal to buy Michigan rival Grand River Commerce
The cash-and-stock acquisition would create a Michigan lender with about $2.8 billion in assets and 33 locations, with completion expected in the fourth quarter of 2026.
Barclays agrees to acquire UK business of children's fintech GoHenry from Acorns
Barclays will buy the UK arm of children's debit-card and money-app provider GoHenry from US fintech Acorns, with completion expected in the fourth quarter of 2026.
Adyen agrees to acquire Orb for US$335 million to boost billing
Adyen agreed to acquire enterprise-billing specialist Orb for US$335 million, funding the deal from available cash, subject to customary closing conditions, with Orb to become an indirect wholly owned subsidiary.
Figure agrees to buy Kiavi in $717 million U.S. real estate deal
Figure agreed to acquire AI-powered real estate lender Kiavi for $717 million, while investment firm Sixth Street joined a venture that agreed to buy loans off Kiavi's balance sheet as part of the transaction.
Nuvei is in advanced talks to acquire Payoneer for US$2.7 billion
Nuvei was in advanced discussions to buy cross-border payments firm Payoneer for about US$2.7 billion, a proposed deal reported by Reuters that would combine merchant payments with global payouts.
Intesa Sanpaolo submits €30.6bn bid for Monte dei Paschi in Italy
Italy’s largest bank, Intesa Sanpaolo, submitted a €30.6bn takeover proposal for Monte dei Paschi di Siena, saying the deal would generate significant cost savings, in a move that upended a rival merger proposal from Banco BPM.
Finastra sells US mid-market banking unit to CORA Group
Finastra sold its US mid-market banking business to CORA Group, transferring core banking, digital banking, analytics and content management products used by US banks and credit unions.
Airwallex acquires Leapfin to expand financial data automation
Airwallex acquired Leapfin to integrate the startup's financial data automation technology into its platform, and plans to launch new reconciliation, revenue recognition and record-to-report capabilities in the coming months.
Grab-backed GXS Bank takes 7.22% stake in Indonesia's Superbank as Grab moves to consolidate lender
GXS Bank bought 2.44 billion Superbank shares and Grab affiliate A5-DB Holdings added 47.23 million more, taking Grab's combined exposure to 23.5% as it prepares to consolidate the Indonesian digital lender.