Financing

Hanover Bancorp, the parent company of Hanover Community Bank, has signed an agreement with Savoy Bank for a merger in a stock and cash transaction valued around $63m. Under the terms of the agreement, Savoy Bank will be merged into...

American Express has agreed to acquire substantially all of Kabbage, a US data and technology company engaged in online lending, for an undisclosed price. The Atlanta-based fintech company caters to small businesses in the US through its cash flow management...

Quadient, a leader in helping businesses create meaningful customer connections through digital and physical channels, announces the acquisition of YayPay, a best-in-class and rapidly growing company at the forefront of SaaS accounts receivable (AR) automation solutions. The acquisition of...

Australian buy now, pay later (BNPL) services provider Zip Co has agreed to acquire its American rival QuadPay, expanding its reach to more than 3.5 million customers and 26,000 merchant partners worldwide. Through the deal, Zip Co aims to create...

Arizona Bank & Trust (AB&T), a subsidiary of Iowa-based Heartland Financial USA, announced that it will acquire certain operations of Johnson Bank in Arizona, from Johnson Financial, for an undisclosed amount. AB&T will acquire certain assets, and assume substantially all...

Texas Capital Bancshares and Independent Bank Group have mutually scrapped their previously announced $5.5bn merger deal owing to the impact of the Covid-19 pandemic on global markets. The Texan bank holding companies also said that the pandemic has a significant...

IHS Markit, a world leader in critical information, analytics and solutions, announced the acquisition of Catena Technologies (Catena), a global regulatory trade reporting firm based in Singapore. “The acquisition of Catena is a logical extension of IHS Markit’s strategy to...