On Jan. 1, United Community Banks completed its merger with Reliant Bancorp, including its wholly-owned subsidiary, Reliant Bank, which was merged with and into United’s bank subsidiary, United Community Bank, and will now operate under the United brand.
Business First Bancshares, the holding company for b1BANK, and Texas Citizens Bancorp signed a definitive agreement under which Business First will acquire Texas Citizens Bancorp and its wholly-owned bank subsidiary, Texas Citizens Bank.
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.
Peoples Bancorp, parent company of Peoples Bank, completed its acquisition of Premier Financial Bancorp and Premier’s wholly-owned subsidiaries, Premier Bank and Citizens Deposit Bank & Trust. The acquisition became effective as of the close of business on Sept. 17.
GTT Communications entered into a restructuring support agreement with key stakeholders, including holders of a majority of its secured and unsecured debt and I Squared Capital, to implement a restructuring of the company’s remaining balance sheet.
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.
Bridge to Life, a global supplier of organ preservation solutions and organ perfusion technologies, closed a growth financing deal totaling $56 million and led by Perceptive Advisors, a life sciences investment firm.
Bessemer Investors, a New York-based investment firm, acquired a stake in Legacy Restoration, a provider of exterior restoration and remodeling services. Tree Line Capital Partners and Bridge Bank, a division of Western Alliance Bank, provided debt financing for the transaction.
Newtek Business Services, an internally managed business development company, entered into an agreement to acquire National Bank of New York City for $20 million in cash. The acquisition is part of a plan to reposition Newtek as a bank holding company.
Citizens Financial Group and Investors Bancorp entered into a definitive agreement and plan of merger under which Citizens will acquire all of the outstanding shares of Investors for a combination of stock and cash.