MOOREFIELD, W. Va.–(GLOBE NEWSWIRE)–Summit Financial Group, Inc. (“Summit”) (NASDAQ: SMMF) today announces the sale of its insurance agency, Summit Insurance Services (“SIS”) to The Hilb Group (“THG”), effective May 1, 2019. As result of the sale, Summit expects to record an estimated pre-tax gain of $2.06 million in its results of operations for second quarter 2019 and recognize an approximate $0.55 CONTINUE READING >>
Posted In Fund V
JASPER, Ind.–(PRNewswire)–German American Bancorp, Inc. (NASDAQ: GABC) (“German American”) and Citizens First Corporation, Bowling Green, Kentucky (NASDAQ: CZFC) (“Citizens First”), announced today that they have entered into a definitive agreement to merge Citizens First into German American. Upon completion of the transaction, Citizens First’s subsidiary bank, Citizens First Bank, Inc., will be merged into German American’s subsidiary bank, German American CONTINUE READING >>
Heartland Financial USA, Inc. Announces Plan to Expand Presence in Kansas City With Acquisition of Blue Valley Ban Corp.
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
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 >>