VersaBank, a provider of digital banking and cybersecurity solutions, signed a definitive agreement to acquire Minnesota-based Stearns Bank Holdingford, a privately-held, wholly-owned subsidiary of Stearns Financial Services, for $13.5 million.
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.
Northleaf Capital Partners and AVALT acquired AMAROK, a provider of contracted perimeter security infrastructure solutions in the United States. Golub Capital provided debt financing for the transaction.
Independent Bank Corp., parent of Rockland Trust Company, closed its acquisition of Meridian Bancorp, parent of East Boston Savings Bank.
Allegiance Bancshares, the holding company of Allegiance Bank, and CBTX, the parent company of CommunityBank of Texas, will merge to create a combined company with an equity market capitalization of $1.5 billion.
OceanFirst Financial and Partners Bancorp entered into a definitive agreement and plan of merger pursuant to which Partners will merge into OceanFirst, with OceanFirst surviving.
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.
SouthState Corporation and Atlantic Capital Bancshares signed a definitive agreement pursuant to which Atlantic Capital will merge with and into SouthState in an all-stock transaction with an aggregate value of approximately $542 million.
Monroe Capital Corporation closed a public offering of $130 million aggregate principal amount of 4.75% notes due 2026. Raymond James & Associates acted as book-running manager for this offering.