Sycamore Acquires Kano-Based Microfinance Bank to Secure MFB Licence
Nigerian fintech Sycamore completed the acquisition of an undisclosed Kano‑based microfinance bank, securing a microfinance bank licence and enabling it to mobilise deposits. The deal marks Sycamore’s transition from digital lending to a broader regulated financial services group, targeting a deposit base of up to ₦50 billion ($36.4 million).
Standard Bank Backs Valterra Platinum's Debut Bond Issuance with R2.5bn Bridge Facility
Standard Bank, Africa's largest bank, supplied a R2.5 billion bridge facility and acted as joint arranger for Valterra Platinum's R10 billion DMTN programme, leading to a successful inaugural bond auction that raised R2 billion across three notes. The auction attracted R5.8 billion of bids...
Grainger Secures $675M Banking Facility Extension
UK residential landlord Grainger has agreed to extend its banking facility by $675M as part of its deleveraging strategy, securing improved lending terms. The extension improves the company's liquidity and supports its ongoing debt reduction efforts.
Cambridge Financial Group to Acquire First Seacoast Bancorp for $80.9M
Cambridge Financial Group, the holding company of Cambridge Savings Bank, announced an all‑cash agreement to acquire New Hampshire‑based First Seacoast Bancorp for $80.9 million. The deal, pending regulatory and shareholder approval, is expected to close in Q3 2026, expanding Cambridge’s presence in...
Emirates NBD to Acquire 74% of RBL in $3B Deal, Marking Largest Foreign Investment in Indian Banking
Dubai’s Emirates NBD Bank PJSC announced a $3 billion acquisition of a 74% stake in India’s private bank RBL after securing RBI approval and clearing the Competition Commission. The deal, the largest foreign direct investment in India’s banking sector, includes an...
OCBC to Acquire HSBC's Indonesia Retail and Wealth‑management Operations
Singapore's OCBC announced it will acquire HSBC's retail and wealth‑management operations in Indonesia via its subsidiary PT Bank OCBC NISP Tbk. The agreement was reached on Monday, expanding OCBC's presence in the Indonesian market. Financial terms of the transaction were...
Santander Completes Near £3bn Acquisition of TSB
Santander has completed its acquisition of TSB in a near £3bn deal, adding five million customers, £34bn in mortgages and £35bn in deposits to its UK portfolio. The merger lifts Santander to the third largest UK retail bank for current...
Banner Corp. To Acquire Pacific Financial Corp. In $177M All‑Stock Deal
Washington‑based Banner Corp. announced it will acquire peer Pacific Financial Corp. in an all‑stock transaction valued at $177 million. The deal, approved by both boards, will combine the banks' assets to $18 billion and is expected to close in the third quarter...
BayFirst Financial Raises $80M in Capital and Appoints New CEO Al Rogers
BayFirst Financial announced an $80 million equity capital raise, disclosed on Thursday, and named Al Rogers as its new CEO. The raise, aimed at bolstering the bank’s balance sheet amid SBA loan losses, involved local investors and was overseen by Rogers....
Anchor Bank Acquires Deposits and Assets of Failed Community Bank and Trust – West Georgia in FDIC‑Arranged Deal
The FDIC announced the closure of Community Bank and Trust – West Georgia and arranged a purchase‑and‑assumption transaction with Anchor Bank, which will assume the failed bank’s insured deposits and select assets. Anchor Bank will take on $268 million in deposits...
First Horizon Raises $400M Through Series H Preferred Stock Issuance
First Horizon (FHN) completed a $400 million issuance of Series H preferred stock in Q1 2026, boosting its Tier 1 capital ratio by 44 basis points to 11.95%. The capital raise supports the bank's capital management strategy and provides additional...
Axos Financial to Acquire $2.3B of Genius Bank Deposits
Axos Financial announced regulatory approval to acquire approximately $2.3 billion in online savings deposits from Genius Bank, with the transaction expected to close next month. The acquisition will boost Axos’s deposit base and support its loan growth strategy. The deal was...
Interra Credit Union to Acquire The Hicksville Bank
Interra Credit Union of Indiana announced it will acquire Ohio‑based The Hicksville Bank in an all‑cash transaction. Terms were not disclosed, and the deal awaits regulatory and shareholder approval, with closing expected by late fall 2026.
EBID and BNDE Sign $33M Credit Line to Boost SME Financing in Senegal
On 30 April 2026, the ECOWAS Bank for Investment and Development (EBID) and Senegal’s Banque Nationale pour le Développement Economique (BNDE) signed a loan agreement establishing a 20 billion CFA franc ($33 million) credit line dedicated to SME financing. The new facility builds on...
NatWest to Acquire Evelyn Partners for $3.4B
NatWest has agreed to acquire wealth manager Evelyn Partners in a deal valued at £2.7bn (≈$3.4bn). The acquisition, one of the largest WealthTech transactions in recent memory, is part of a broader trend of high street banks re-entering the financial...