M&A
Mergers, acquisitions, divestitures, and deal-making across the global financial sector.
Vietnam's State Bank Advances Mandatory Transfer of DongA Bank to HDBank
The State Bank of Vietnam has announced the mandatory transfer of DongA Bank to HDBank as part of the SBV's long-running programme to resolve weak institutions under special supervision.
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.
Glacier Bancorp Agrees to Acquire Bank of Idaho for $245 Million in Its 26th Bank Acquisition Since 2000
Glacier Bancorp has agreed to acquire Bank of Idaho Holding for $245.4 million, marking the Montana-based group's 26th bank acquisition since 2000.
CNB Financial Corp to Acquire ESSA Bancorp in $214 Million Pennsylvania Deal
CNB Financial Corp has agreed to acquire ESSA Bancorp in an all-stock deal valued at approximately $214 million, or about $21.10 per ESSA share.
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.
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 acquisition of Banco Sabadell's Mexican bank and its other Mexican subsidiaries on 23 December 2024, as the broader Spain bid remains unresolved.
BNP Paribas and AXA Sign Definitive Agreement for EUR 5.1 Billion Acquisition of AXA Investment Managers
BNP Paribas and AXA have signed a definitive agreement for BNP Paribas to acquire 100% of AXA Investment Managers for EUR 5.1 billion, following exclusive negotiations announced in August.
UniCredit Raises Commerzbank Potential Stake to 28% Through Derivative Instruments
UniCredit lifted its potential Commerzbank stake to 28% — comprising a 9.5% direct holding and roughly 18.5% in derivatives — as CEO Andrea Orcel also pursues Banco BPM.
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 a combined bank with about $65 billion in assets.
Controlling stake in Indonesia's Panin Bank draws interest from regional lenders
ANZ and the Gunawan family were exploring the sale of a controlling stake in Panin Bank valued at about $2.4bn, with OCBC and CIMB reported to have made non-binding offers.
Standard Chartered Explores Sale of Retail Banking in Botswana, Uganda, and Zambia
Standard Chartered has announced plans to explore the sale of retail and wealth banking in Botswana, Uganda, and Zambia as CEO Bill Winters' strategic refocus on higher-return markets continues.