Citizens Expands M&A Advisory Team with Bowstring Acquisition

Citizens Financial entered a definitive agreement to purchase certain assets of Bowstring Advisors, an Atlanta-based merger and acquisition advisory firm that delivers a range of financial services to commercial and industrial clients nationwide.

BB&T, SunTrust to Merge in $66B Deal

SunTrust Bank and BB&T signed a definitive agreement to combine in an all-stock merger of equals valued at approximately $66 billion. The combined company will be the sixth-largest U.S. bank based on assets and deposits.

United Community Banks to Acquire First Madison Bank & Trust

United Community Banks agreed to acquire First Madison Bank & Trust in a $52 million all-cash transaction. First Madison will subsequently merge with and into United.

Bank of Princeton to Acquire Five Beneficial Bank Branches

The Bank of Princeton entered into a purchase and assumption agreement to acquire five Beneficial Bank branches in Bordentown, Browns Mills, Chesterfield, Deptford, and Sicklerville, NJ.

2019 M&A Outlook: It’s Still a Seller’s Market – For Now

Middle-market companies seeking growth or liquidity have fueled a strong M&A market in recent years, but Citizens Commercial Banking’s annual survey found many companies see a slowdown on the horizon.

Sterling to Acquire Woodforest ABL & Equipment Finance Businesses

Sterling Bancorp, through its principal subsidiary, Sterling National Bank, agreed to acquire the asset-based and equipment finance lending businesses of Woodforest National Bank.

Community Bank to Acquire Kinderhook Bank

Community Bank System entered into a definitive agreement to acquire Kinderhook Bank and its subsidiary National Union Bank of Kinderhook in an all cash transaction valued at approximately $93.4 million.

MUFG to Acquire Supply Chain Finance Platform from GE Capital

MUFG Union Bank will acquire supply chain finance platform Trade Payable Services from GE Capital. The deal marks the third major divestment by GE Capital over the last six months.

PNC Bank to Acquire Ambassador Financial Group

PNC Bank signed a definitive agreement to acquire Ambassador Financial Group, a provider of balance sheet management, investment banking and capital markets services to various financial institutions.

First Citizens Bank to Acquire First South Bancorp

First-Citizens Bank & Trust Company and First South Bancorp signed a definitive merger agreement in which First South will be merged with and into First Citizens Bank in a transaction valued at approximately $37.5 million.