On November 17, 2016, First Interstate BancSystem, Inc. (“First Interstate”), Billings, Montana, and Cascade Bancorp (“Cascade”), Bend, Oregon, entered into a definitive merger agreement pursuant to which Cascade will merge with and into First Interstate, with First Interstate as the resulting company for total merger consideration of approximately $589.0 million.
Read More...On November 17, 2016, Abington Bank (“Abington”), Abington, Massachusetts, and Holbrook Cooperative Bank, (“Holbrook”), Holbrook, Massachusetts, jointly announced that Holbrook will merge with and into Abington with the Holbrook location being operated as “Holbrook Cooperative Bank, an Affiliate of Abington Bank.”
Read More...On November 8, 2016, Heartland Financial USA, Inc., a Dubuque, Iowa-based bank holding company with over $8.0 billion in assets, completed a $50.0 million public offering of 1,379,690 shares of its common stock.
Read More...On October 5, 2016, Georgetown Bancorp, Inc. (“Georgetown Bancorp”), Georgetown, Massachusetts, and Salem Five Bancorp (“Salem Five Bancorp”), Salem, Massachusetts, entered into a definitive merger agreement pursuant to which Salem Five Bancorp will acquire Georgetown Bancorp for approximately $49.2 million in cash.
Read More...On September 9, 2016, Northwest Bank, Warren, PA, the wholly-owned subsidiary of Northwest Bancshares, Inc. (“Northwest”), completed its acquisition of 18 bank branches from First Niagara Bank, Buffalo, NY, the wholly-owned subsidiary of First Niagara Financial Group, Inc., which were divested by First Niagara Bank as part of KeyCorp’s acquisition of First Niagara Financial Group, Inc.
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