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.
City Holding Company, the parent company of City National Bank of West Virginia, signed a definitive merger agreement in which City will acquire Citizens Commerce Bancshares, the parent company of Citizens Commerce Bank, Versailles, KY.
Provident Financial Services, the parent company of Provident Bank, and Lakeland Bancorp, the parent company of Lakeland Bank, will combine in an all-stock merger valued at approximately $1.3 billion.
Brookline Bancorp and PCSB Financial entered into a definitive merger agreement whereby Brookline will acquire PCSB and its wholly-owned subsidiary, PCSB Bank, for approximately $313 million in cash and stock.
H.I.G. Capital signed an agreement to sell its portfolio company, Valtris Specialty Chemicals, to an affiliate of funds managed by SK Capital Partners.
Piper Sandler added Andrew Deming as a managing director in its Minneapolis office. Deming’s hire comes on the heels of recent hires Michael Milewski and Frank Hammond as vice president and managing director, respectively.
Harbor Custom Development, a real estate company involved in all aspects of the land development cycle, closed a senior secured revolving credit facility with BankUnited.
Webster Financial and Sterling Bancorp completed their previously announced merger. The combined company is a financial institution with a funding base that includes HSA Bank as well as consumer and commercial banking businesses.
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.