M&A
Mergers, acquisitions, divestitures, and deal-making across the global financial sector.
UMB Financial Completes $2 Billion Acquisition of Heartland Financial, Expanding Presence to 13 States
UMB Financial has closed its $2 billion acquisition of Heartland Financial USA, lifting total assets to approximately $68 billion and expanding its footprint from 8 to 13 states.
Vietnam's State Bank Directs HDBank to Acquire DongA Bank in Mandatory Transfer
Vietnam's State Bank has ordered HDBank to absorb Dong A Commercial Joint Stock Bank through a mandatory transfer, part of a simultaneous dual-bank restructuring announced on 17 January.
Vietnam's State Bank Directs VPBank to Acquire GPBank in Mandatory Transfer
Vietnam's State Bank has ordered VPBank to take over Global Petro Bank under a mandatory transfer, making GPBank a wholly owned subsidiary as part of the country's banking restructuring.
Banca Monte dei Paschi di Siena Launches Unsolicited €13 Billion All-Share Bid for Mediobanca
Monte dei Paschi di Siena has launched an unsolicited all-share offer valuing Mediobanca at roughly €13 billion, contingent on approval from at least two-thirds of shareholders.
CNB Financial Corp Acquires ESSA Bancorp in $209 Million Pennsylvania Deal
CNB Financial Corp has agreed to acquire ESSA Bancorp for $209.3 million, ranking the deal among the 20 largest US bank transactions since the start of 2024.
Scotiabank Transfers Colombian, Costa Rican, and Panamanian Operations to Davivienda for 20% Equity Stake
Scotiabank has agreed to hand its banking operations in Colombia, Costa Rica, and Panama to Colombia's Davivienda in exchange for roughly a 20% equity interest, booking a C$1.4 billion impairment.
SouthState Corporation Completes $2 Billion Merger With Independent Bank Group on 1 January 2025
SouthState Corporation closed its $2.0 billion all-stock acquisition of Independent Bank Group on 1 January 2025, creating a combined bank with approximately $65 billion in assets.
UniCredit Builds Commerzbank Stake to 26% as Italian Bank Pursues German Expansion
UniCredit has raised its Commerzbank holding to around 26% through derivatives and physical settlement, pending ECB approval to exceed 9.9% beneficial economic exposure.
Vietnam's State Bank Advances Mandatory Transfer of DongA Bank to HDBank
Vietnam's State Bank has proposed a mandatory transfer of DongA Bank to HDBank as part of the SBV's long-running programme to resolve weak institutions under special supervision.
Mexico's COFECE Clears BBVA's Acquisition of Sabadell's Mexican Operations Amid Contested Spain Takeover Bid
Mexico's competition regulator COFECE cleared BBVA's indirect control of Sabadell's Mexican retail and commercial banking units on 23 December 2024, as the broader Spain bid remains unresolved.
Federal Reserve and OCC Approve SouthState Corporation's Acquisition of Independent Bank Group
The Federal Reserve and OCC both issued approvals on 13 December 2024 for SouthState's acquisition of Independent Bank Group, creating one of the largest banks in the southeastern US.
ANZ Explores Sale of Minority Stake in Indonesia's Panin Bank, Drawing Interest from Southeast Asian Lenders
ANZ is exploring the sale of its significant minority stake in Indonesia's Panin Bank, with DBS, OCBC, and Bangkok Bank among the regional lenders reportedly assessing the asset.