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Blucora agrees to acquire HK Financial Services for $160m

Blucora expects the acquisition of HK Financial Services to add around $4.4bn to its total client assets, taking its total to over $72bn S-based tax-smart financial solutions provider Blucora signed an agreement to acquire HK Financial Services (HKFS), a privately-held...

Aozora Bank to acquire 15% stake in Vietnamese lender OCB Bank

The Japanese bank, through the alliance with OCB Bank, plans to promote new investment banking and on-line banking operations in Vietnam. Aozora Bank, a Japanese commercial bank, is set to acquire a stake of 15% in Vietnamese mid-sized bank Orient...

WesBanco completes acquisition of Old Line Bancshares

Diversified financial services company WesBanco has completed its previously announced acquisition of Old Line Bancshares, the parent company of Old Line Bank, a chartered commercial bank. Under the terms of the transaction, the branches of Old Line will be operated...

RBB Bancorp to acquire Chicago-based Pacific Global Bank for £26m

Pacific Global Bank has £180m in total assets, £136m in total loans and total deposits of £196m as of this June RBB Bancorp (RBB) has agreed to acquire PGB Holdings and its subsidiary Pacific Global Bank for a value of...

First Data, Visa and Samsung unveil SoftPOS contactless payment solution

The new SoftPOS solution is designed to enable mobile devices to be used for contactless transactions of any amount without any additional equipment Fiserv’s First Data, Visa and Samsung Electronics have joined forces to unveil a new contactless payment terminal...

First Defiance to acquire United Community Financial for £383m

The combination of First Defiance and United Community is expected to have nearly $6.1bn (£4.95bn) in assets, $5bn (£4.05bn) in loans and $4.9bn (£3.97bn) in deposits, based on financial information as of 30 June 2019 First Defiance Financial has agreed...

US Bank acquires Palo Alto-based software company talech

The acquisition of talech could help US Bank increase its digital expertise to increase value of technology which interacts with customers. Minnesota-based US Bank has completed the acquisition of talech, a California-based software company that offers point-of-sale solution to small...

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