Commercial Credit Group Closes $75MM Senior Unsecured Notes Offering
Commercial Credit Group, an independent commercial equipment finance company, closed a private placement of $75 million aggregate principal amount of senior unsecured notes.
Commercial Credit Group, an independent commercial equipment finance company, closed a private placement of $75 million aggregate principal amount of senior unsecured notes.
The boards of directors of Webster Financial and Sterling Bancorp unanimously approved a definitive agreement under which the two companies will combine in an all-stock merger of equals transaction with a total market value of approximately $10.3 billion.
BancorpSouth Bank and Cadence Bancorporation, the parent company of Cadence Bank, entered into a merger agreement under which the companies will combine in an all-stock merger with a total market value of more than $6 billion.
Eastern Bankshares, the stock holding company for Eastern Bank, and Century Bancorp, the stock holding company for Century Bank and Trust Company, entered into a definitive all-cash merger agreement with an aggregate transaction value of $642 million.
Banc of California and Pacific Mercantile Bancorp, the holding company of Pacific Mercantile Bank, entered into a definitive agreement and plan of merger under which Pacific Mercantile will merge into Banc of California in an all-stock transaction valued at approximately $235 million.
Shore Bancshares, the holding company of Shore United Bank, and Severn Bancorp, the holding company of Severn Savings Bank, entered into a definitive agreement under which Severn will merge with and into Shore in a stock and cash transaction valued at approximately $146 million.
U.S.-based investment management company M360 Advisors closed a private placement of $100 million aggregate principal amount of 6.75% senior unsecured notes due 2023. Piper Sandler acted as placement agent for this offering.
First Citizens BancShares, the parent company of First-Citizens Bank & Trust Company, and CIT Group, the parent company of CIT Bank, will combine in an all-stock merger of equals to create the 19th largest bank in the United States based on assets.