Bastion Management, a private investment firm focused on asset-based lending in the specialty finance sector, agented a senior debt investment of $50 million in Cashco Financial to refinance an existing senior lender and fund future growth of its Canadian consumer lending portfolio.
Peoples Financial Services and FNCB Bancorp entered into a definitive agreement under which Peoples and FNCB will combine in an all-stock strategic merger valued at approximately $129 million.
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 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, 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 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.
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, 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 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 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.