Banking Deals and Investments
Banking Deals and Investments
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Huntington Bancshares (HBAN) has completed its acquisition of Cadence Bank, expanding its Texas footprint and targeting $400 million in annual pre‑tax synergies. The deal is expected to improve profitability and strengthen coverage of HBAN’s preferred dividend, lowering the preferred equity ratio.
VersaBank announced the sale of its only Minnesota branch assets to Stearns Bank Holdingford. The transaction, approved by the Office of the Comptroller of the Currency, is expected to close in the second quarter of 2026 and will result in...
Afreximbank, together with Access Bank as co‑mandated lead arrangers, has underwritten a five‑year US$2.5 billion term loan for Dangote Industries’ Dangote Refinery, Africa’s largest petroleum complex. The financing consolidates existing debt and supports the refinery’s growth and operational maturity, marking one...
Akbank secured a $700 million sustainability-linked syndicated loan in five tranches, announced on March 26, 2026. The facility includes a $125 million 367-day USD tranche, a $202 million two-year tranche and a $103 million three-year tranche, with the remaining portions...
Klarna announced on Tuesday that it has doubled its existing lending facility with Elliott Investment Management to $2 billion and extended the term to three years. The new agreement allows up to $17 billion in loans by having Elliott purchase Klarna receivables,...
Zions Bancorp announced it will acquire the agency-lending business of Basis Multifamily Finance I, a subsidiary of Basis Investment Group, which includes its Fannie Mae and Freddie Mac multifamily loan lines. The undisclosed-value transaction is pending agency approval but will...
Cincinnati-based Fifth Third Bank has completed a $12.7 billion acquisition of Comerica Bank, expanding its presence in California with 84 branches. The deal makes Fifth Third the ninth‑largest U.S. bank with about $294 billion in assets and sets plans for further branch...
Independent Bank Corp. announced it will acquire HCB Financial Corp. and its subsidiary Highpoint Community Bank in a deal valued at approximately $70.2 million. The acquisition will add seven branches and $590 million in assets to Independent, and is expected to close...
HSBC Holdings Plc sold $2.5bn of Additional Tier 1 perpetual notes, marking the first major‑currency AT1 bond issuance since the Iran conflict began. The two notes, callable in 5.5 and 10 years, will yield 6.75% and 7% respectively.
Jericho‑based Esquire Financial Holdings announced it will acquire Signature Bancorporation in a roughly $348.4 million transaction, creating a $4.8 billion‑asset bank and expanding its presence in Chicago’s commercial‑banking and real‑estate markets. The deal is slated to close in the third quarter of...
Milwaukee‑based Landmark Credit Union announced it will acquire Wisconsin community bank American National Bank‑Fox Cities. Deal terms were not disclosed, and the transaction is expected to close in the second half of 2026, expanding Landmark’s SBA lending capacity and presence...
Dean Bass leads Journey Financial Group in a planned acquisition of Lone Star Bank, a $191 million‑asset community bank in Houston. The deal was announced in a Monday press release, terms were undisclosed, and closing is expected in late Q2 or...
The Federal Reserve Board approved CBS Banc-Corp's notice to acquire TAG Bancshares Inc., which will also indirectly acquire Citizens Bank & Trust, Inc. The regulatory approval confirms the transaction, though financial terms were not disclosed.
UiPath announced the completion of its acquisition of WorkFusion, a provider of AI agents for financial crime compliance. The deal closed in UiPath's first quarter of fiscal 2027, expanding its automation platform with specialized AML, sanctions‑screening, and adverse‑media monitoring capabilities....
Kraken announced the closing of an $800 million funding round that values the crypto exchange at $20 billion. The round included a $200 million investment from Citadel Securities and additional capital from Jane Street and DRW Venture Capital. The funding comes as...
