Posted In Fund V

Heartland Financial USA, Inc. Announces Plan to Expand Presence in Kansas City With Acquisition of Blue Valley Ban Corp.

  • Posted 01/16/2019
  • Castle Creek
  • No comments

DUBUQUE, Iowa, and OVERLAND PARK, Kan., Jan. 16, 2019–(GLOBE NEWSWIRE)–Dubuque, IA-based Heartland Financial USA, Inc. (“Heartland”) (NASDAQ: HTLF) and Blue Valley Ban Corp. (“BVBC”) (OTCQX; BVBC) jointly announced today that they have entered into a definitive merger agreement, pursuant to which, Heartland will acquire BVBC and its wholly-owned subsidiary, Bank of Blue Valley, headquartered in Overland Park, Kansas. Founded in CONTINUE READING >>

Summit Financial Group, Inc. Completes Its Acquisition of Peoples Bankshares, Inc. and Subsidiary, First Peoples Bank

  • Posted 01/2/2019
  • Castle Creek
  • No comments

MOOREFIELD, W. Va.–(GLOBE NEWSWIRE)–Summit Financial Group, Inc. (“Summit”) (NASDAQ: SMMF) announces completion, effective January 1, 2019, of the acquisition by its subsidiary Summit Community Bank, Inc. of Peoples Bankshares, Inc. and its subsidiary, First Peoples Bank, headquartered in Mullens, West Virginia. The former First Peoples’ offices will continue to operate under that name until close of business on Friday, April CONTINUE READING >>

SouthCrest Financial Group Exits FDIC Loss Share Agreement

  • Posted 10/22/2018
  • Castle Creek
  • No comments

ATLANTA, Ga.–(GLOBE NEWSWIRE)–Brian D. Schmitt, Chief Executive Officer of SouthCrest Financial Group, Inc. (SCSG:PK) announced today that the Company has executed an agreement with the FDIC to exit the loss share agreement associated with a prior failed bank purchase.  The financial impact to SouthCrest as a result of the termination was marginally negative, and was accrued for in the third CONTINUE READING >>

German American to Complete Acquisition of First Security, Inc. and First Security Bank, Inc.

  • Posted 10/15/2018
  • Castle Creek
  • No comments

JASPER, Ind.–(GLOBE NEWSWIRE)–German American Bancorp, Inc. (NASDAQ:GABC) announced today that it has completed its previously announced acquisition of First Security, Inc., the parent company of First Security Bank, Inc. of Owensboro, Kentucky, effective as of October 15, 2018. Immediately following the merger of First Security, Inc. into German American Bancorp, Inc., First Security Bank, Inc. merged with and into German CONTINUE READING >>