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M&A - Banking Exchange
The California giant is planning to refocus on community banking after a string of acquisitions
US banks are less likely to be spending big on acquisitions amid continued economic uncertainty
First National of Nebraska and Renasant Bank have announced deals, while Brookline and United Community Banks have completed acquisitions
Plus: Georgia’s Piedmont Bank buys stake in lender; Texas-based Fidelity to change ownership
Transaction follows Summit’s purchase of four MVB Bank branches last year
San Francisco-based acquisition company in talks to buy a bank holding company
Plus: Middlefield completes Liberty purchase, Farmers National gets green light for Emclaire Financial acquisition
Its exit from Canadian banking is the latest step in a wide-ranging rationalization across the company
The deal will add approximately $500 million in assets to the Virginia-based company
A downturn could be the best time to pick up a good deal – but few banks are positioned to do so
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