Stephens Archives - ABFJournal

BofA, JPMorgan Chase and TCW Provide $315MM Senior Credit Facility to Corcentric

Corcentric secured a $315 million senior credit facility. The capital raise consists of a $250 million senior secured asset-based loan revolver from Bank of America and JPMorgan Chase and a $65 million term loan from TCW Private Credit Group.

Mid Penn Bancorp Completes Acquisition of Brunswick Bancorp

Mid Penn Bancorp completed its acquisition of Brunswick Bancorp. The combined stock and cash transaction was valued at approximately $43.7 million and will extend Mid Penn’s footprint into Middlesex and Monmouth counties in central New Jersey.

LINKBANCORP and Partners Bancorp to Combine in Transformational Merger of Equals

LINKBANCORP, parent company of LINKBANK, and Partners Bancorp entered into a definitive agreement under which the companies will combine in an all-stock combination, valued at approximately $167.8 million, based on LINK’s 10 day volume-weighted average price of $8.08 as of Feb. 21.

Mid Penn Bancorp to Acquire Brunswick Bancorp for $53.9MM

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.

Stifel Advises Westrock Coffee’s Business Combination with Riverview Acquisition Corporation

Westrock Coffee Company closed its business combination transaction with Riverview Acquisition Corp. In addition, the company entered into a new credit agreement that includes a $175 million senior secured first lien term loan facility and a $175 million senior secured first lien revolving credit facility.

MVB Financial Enters Merger with Integrated Financial Holdings

MVB Financial, the holding company for MVB Bank, entered into a definitive merger agreement pursuant to which MVB will acquire Integrated Financial Holdings (IFH) in an all-stock transaction.

TriCo Bancshares Completes Merger with Valley Republic Bancorp

TriCo Bancshares completed its previously-announced merger with Valley Republic Bancorp. The combined company, operating as TriCo Bancshares with its banking subsidiary, Tri Counties Bank, expects to have total assets of approximately $10.1 billion as a result of the merger.

Simmons First National Acquires Spirit of Texas Bank for $581MM

Simmons First National will acquire Spirit of Texas Bancshares and its wholly-owned subsidiary, Spirit of Texas Bank, in a transaction with an aggregate value of approximately $581 million.

Allegiance Bank and CommunityBank of Texas to Merge

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.

Business First Bancshares Acquires Texas Citizens Bank

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.

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