Piper Sandler named Dustin Avey and Jeremy Gerber co-heads of public finance. Avey and Gerber will report to Deb Schoneman, president of Piper Sandler. Frank Fairman, the firm’s current head of public finance, will remain with the firm in an advisory capacity into 2024.
Cape Cod 5, headquartered in Hyannis, MA, and Fidelity Bank, headquartered in Leominster, MA, have reached an agreement to merge their respective mutual holding companies under one multi-bank holding company, Mutual Bancorp, subject to regulatory approval.
Piper Sandler hired Brent Robbins and Alan Brodsky as managing directors in equity sales and trading. Robbins will lead the firm’s London equity office and focus on expanding research sales internationally. Brodsky will be based in New York and focus on trading with UK and European clients.
Banc of California signed a definitive merger agreement with PacWest Bancorp. The combined holding company and bank will operate under the Banc of California name and brand following closing of the transaction.
Atlantic Union Bankshares and American National Bankshares entered into a definitive merger agreement for Atlantic Union to acquire American National in an all-stock transaction valued at $416.8 million.
Lifesize, a provider of video conferencing and omnichannel contact center solutions, entered into an asset purchase agreement (APA) with Enghouse Systems, a vertical enterprise software solutions company. To effectuate the sale, the company filed for reorganization under Chapter 11 in the U.S. Bankruptcy Court for the Southern District of Texas, Laredo Division.
Convergent Dental entered into a new credit facility of $40 million with Trinity Capital. Convergent Dental drew $20 million at closing and has the option to draw an additional $20 million, subject to the conditions under the agreement.
City Holding Company completed its acquisition of Citizens Commerce Bancshares, the parent company of Citizens Commerce Bank, headquartered in Versailles, KY. The acquisition became effective as of the close of business on March 10.
Mid Penn Bancorp and Brunswick Bancorp signed a definitive merger agreement pursuant to which Mid Penn will acquire Brunswick in a transaction valued at approximately $53.9 million.
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.