Company Statements
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...
Americas
RBB Bancorp to acquire Chicago-based Pacific Global Bank for ยฃ26m
Pacific Global Bank has ยฃ180m in total assets, ยฃ136m in total loans and total deposits of ยฃ196m as of this June
RBB Bancorp (RBB) has agreed to acquire PGB Holdings and its subsidiary Pacific Global Bank for a value of...
Americas
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
Fiservโs First Data, Visa and Samsung Electronics have joined forces to unveil a new contactless payment terminal...
Asset Management
First Defiance to acquire United Community Financial for ยฃ383m
The combination of First Defiance and United Community is expected to have nearly $6.1bn (ยฃ4.95bn) in assets, $5bn (ยฃ4.05bn) in loans and $4.9bn (ยฃ3.97bn) in deposits, based on financial information as of 30 June 2019
First Defiance Financial has agreed...
Financing
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...
Americas
BIDV chooses Surecomp for digital trade finance transformation
Finance trade partner Surecomp has formed an agreement with Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV) to implement a new end-to-end trade finance solution.
US-based Surecompโs DOKA-NG and allNETT solutions will support the ongoing growth and...
Financing
Indiana based FCN Banc signs merger deal with DSA Financial
FCN Bank has signed a merger deal with rival Indiana-based bank holding company DSA Financial to create a major community bank in the south-eastern part of the US state.
Financial terms of the merger were not disclosed.
Based in Brookville, FCN...
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