B. Riley Financial Acquires FocalPoint Securities for $175MM
B. Riley Financial agreed to acquire FocalPoint Securities, an independent investment bank based in Los Angeles, for total consideration of up to $175 million.
B. Riley Financial agreed to acquire FocalPoint Securities, an independent investment bank based in Los Angeles, for total consideration of up to $175 million.
On Jan. 1, Robert J. Giuffra Jr. and Scott Miller became the co-chairs of law firm Sullivan & Cromwell. Giuffra and Miller have served as vice chairs of the firm since January 2021. They succeeded Joseph C. Shenker, the firm’s chair since 2010.
Patriot National Bancorp will acquire digital banking company American Challenger Development via a reverse subsidiary merger, with American Challenger surviving as a wholly-owned subsidiary of Patriot.
Raymond James Financial and TriState Capital Holdings entered into a definitive agreement under which Raymond James will acquire TriState Capital in a combination cash and stock transaction valued at approximately $1.1 billion.
Columbia Banking System, the parent company of Columbia State Bank, and Umpqua Holdings Corporation, the parent company of Umpqua Bank, entered into a definitive agreement under which the companies will join together in an all-stock combination.
Citizens Financial Group and Investors Bancorp entered into a definitive agreement and plan of merger under which Citizens will acquire all of the outstanding shares of Investors for a combination of stock and cash.
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.
Old National Bancorp and First Midwest Bancorp entered into a definitive merger agreement to combine in an all-stock merger of equals transaction with a total market value of $6.5 billion to create a bank with $45 billion in combined assets.
The U.S. Bankruptcy Court for the Southern District of New York confirmed Garrett Motion’s plan of reorganization, positioning the company to complete the implementation of the plan, which will be led by funds managed by Centerbridge Partners and Oaktree Capital Management.
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.