Tag Archives: Hovde Group

Peoples Bank Acquires Vantage Financial for $54MM

Peoples Bank entered into a definitive agreement to acquire Vantage Financial, a provider of equipment financing headquartered in Excelsior, MN. Peoples Bank will purchase 100% of the equity of Vantage Financial for total cash consideration of $54 million.

Former NewStar Financial Execs Launch New Commercial Finance Company

Clarus Capital launched as a new commercial finance company focused on delivering capital solutions to finance tangible assets for leveraged middle-market companies. The new company was founded by former executives of NewStar Financial.

Seacoast Bank Acquires Sabal Palm Bank and Florida Business Bank

Seacoast Banking Corporation of Florida, the holding company for Seacoast Bank, entered into agreements to acquire Sabal Palm Bancorp, parent company of Sabal Palm Bank, and Business Bank of Florida, parent company of Florida Business Bank.