Theratechnologies received a binding commitment with respect to a non-dilutive term loan with an affiliate of Marathon Asset Management for up to $100 million.
Simmons First National will acquire Spirit of Texas Bancshares and its wholly-owned subsidiary, Spirit of Texas Bank, in a transaction with an aggregate value of approximately $581 million.
BancPlus Corporation, the parent company of BankPlus, and First Trust Corporation, the parent company of First Bank and Trust, signed a definitive merger agreement pursuant to which BancPlus will acquire First Trust Corporation.
Tom DeFilipps has joined Covington & Burling as a partner in the Silicon Valley office and will serve as chair of the West Coast Corporate practice.
Reuters reported H&R Block announced it would sell its bank unit to BofI Federal Bank, generating excess capital of $200 million to $250 million. Goldman Sachs and First Annapolis Consulting were said to be acting as financial advisers to H&R Block.