Michigan State University Federal Credit Union has entered into a definitive purchase and assumption agreement with Algonquin, IL based Algonquin State Bank and its parent holding company, First Algonquin Company.
World Insurance Associates, an insurance brokerage, and funds advised by Goldman Sachs Asset Management, through its private equity and hybrid capital teams, entered into a definitive agreement through which Goldman Sachs will make “a major investment” in World Insurance Associates.
Mid Penn Bancorp completed its acquisition of Brunswick Bancorp. The combined stock and cash transaction was valued at approximately $43.7 million and will extend Mid Penn’s footprint into Middlesex and Monmouth counties in central New Jersey.
Peoples Bancorp completed its acquisition of Limestone Bancorp and Limestone’s wholly-owned subsidiary, Limestone Bank. The completed acquisition included the merger of Limestone Bank into Peoples Bank.
LINKBANCORP, parent company of LINKBANK, and Partners Bancorp entered into a definitive agreement under which the companies will combine in an all-stock combination, valued at approximately $167.8 million, based on LINK’s 10 day volume-weighted average price of $8.08 as of Feb. 21.
Charles Schwab completed its acquisition of TD Ameritrade. The integration of the two companies’ operations is expected to occur over the next 18 to 36 months.
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.