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Like it or not, COVID-19 has had an economic downturn leaving many mergers and acquisitions (M&A) in a state of uncertainty
Specialist financial services investor FJ Capital says the economic recovery and ultra-low interest rates make for ideal merger and acquisition conditions
Deal to create top-20 US bank is scheduled to complete in the first half of 2021
The rules governing bank mergers and acquisitions have not been updated since 1995
The US’s oldest mutual bank is going public on the Nasdaq market as of October 14
Merchants & Marine is expanding in Mississippi, while Woodforest National Bank is growing in North Carolina
California-based tech company is the first such firm to be approved for a bank acquisition and plans a new product launch imminently
Plus: FirstBank Puerto Rico completes Santander purchase, and Farmers and Merchants Bank is approved for community bank merger
Plus: New York-based community banks to combine; Virginia’s Blue Ridge and Bay Banks plan merger
CEO Brian Mauntel has resigned from his position, Heartland Bank announced this week
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