Holland & Knight Archives

Summit Financial Group Acquires Provident State Bank

Summit Financial Group and PSB Holding Corp. signed a definitive merger agreement. PSB’s bank subsidiary, Provident State Bank, will be merged with Summit’s bank subsidiary, Summit Community Bank.

Washington Federal and Luther Burbank Enter Definitive Merger Agreement

Washington Federal and Luther Burbank signed a definitive merger agreement pursuant to which Washington Federal will acquire Luther Burbank and its wholly-owned subsidiary, Luther Burbank Savings, in an all-stock transaction valued at approximately $654 million.

Kennedy Joins Holland & Knight as a Partner

Wade Kennedy, a lawyer who focuses on asset-based lending and syndicated financings, has joined Holland & Knight as a partner in the firm’s Chicago office. He will be co-chair of the firm’s asset-based lending team along with Christopher Dillon in Atlanta.

October 14, 2022 Christopher Dillon | Cindy Brazell | Holland & Knight | Jose Sirven | Wade Kennedy Ian Koplin

Fifth Third and Siguler Guff Support Endeavor Fire Protection’s Acquisition of Allegiant Fire Protection

Endeavor Fire Protection, a platform company of the investment firm Building Industry Partners, has acquired Allegiant Fire Protection. Endeavor is a contractor for a wide array of fire protection and safety needs.

Citizens and Truist Lead $300MM Syndicated Revolving Credit Facility for Recreational Realty

Recreational Realty secured a syndicated revolving credit facility led by Truist Securities and Citizens Bank that allows the company to borrow up to $300 million, assuming certain conditions are met.

Regions Financial Acquires Clearsight Advisors

Regions Financial, the parent company of Regions Bank, entered into a definitive agreement to acquire Clearsight Advisors, a mergers and acquisitions firm. Regions Financial plans to incorporate Clearsight Advisors into Regions Bank’s capital markets division.

BofA Leads Funding for $2.7B in Credit Facilities for Plains All American Pipeline

Plains All American Pipeline and Plains GP Holdings renewed and extended its two credit facilities, which have a combined valued of $2.7 billion. Bank of America led the funding for the facilities as administrative agent.

Shore United Bank Enters Merger Agreement with Severn Savings Bank

Shore Bancshares, the holding company of Shore United Bank, and Severn Bancorp, the holding company of Severn Savings Bank, entered into a definitive agreement under which Severn will merge with and into Shore in a stock and cash transaction valued at approximately $146 million.

Enterprise Financial Services Completes Merger With Seacoast Commerce Bank

Enterprise Financial Services, the holding company of Enterprise Bank & Trust (EB&T), completed its merger with Seacoast Commerce Banc Holdings and the merger of EB&T with Seacoast’s wholly-owned subsidiary, Seacoast Commerce Bank.

Pacific Premier Bancorp Completes Acquisition of Opus Bank

Pacific Premier Bancorp, the holding company of Pacific Premier Bank, completed the acquisition of Opus Bank, a California-chartered commercial bank headquartered in Irvine, CA.

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