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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
American Express is to acquire cash flow management solutions provider Kabbage to help the global payments firm increase its offering to small businesses in the US
Megalith Financial Acquisition Corp plans to take the ‘banking as a service’ provider public through a listing on NYSE
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