Posted In Fund V

MVB Bank to Sell Four WV Eastern Panhandle Banking Centers to Summit Community Bank

  • Posted 11/22/2019
  • Castle Creek
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FAIRMONT, W.Va.–(GLOBE NEWSWIRE)–MVB Bank, Inc., a wholly-owned subsidiary of MVB Financial Corp. (“MVB” “MVB Financial”) (NASDAQ: MVBF), announced today the signing of a definitive agreement under which Summit Community Bank, Inc., a subsidiary of Summit Financial Group, Inc. (“Summit”) (NASDAQ: SMMF), will acquire three MVB Bank locations in Berkeley County (651 Foxcroft Ave., Martinsburg; 231 Aikens Center, Martinsburg; and 5091 CONTINUE READING >>

Summit Financial Group, Inc. to Acquire Cornerstone Financial Services, Inc. and Its Wholly-Owned Subsidiary, Cornerstone Bank, Inc.

  • Posted 09/17/2019
  • Castle Creek
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MOOREFIELD, W.Va. and WEST UNION, W.Va.–(GLOBE NEWSWIRE)–Summit Financial Group, Inc. (“Summit”) (NASDAQ: SMMF) and Cornerstone Financial Services, Inc. (“Cornerstone”) announce the signing of a definitive merger agreement between Summit and Cornerstone. Pursuant to the terms of the merger agreement, Summit will acquire all of the outstanding shares of common stock of Cornerstone in exchange for cash in the amount of CONTINUE READING >>

Heartland Financial USA, Inc. Completes Acquisition of Blue Valley Ban Corp.

  • Posted 05/13/2019
  • Castle Creek
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DUBUQUE, Iowa and OVERLAND PARK, Kan., May 13, 2019 (GLOBE NEWSWIRE) — Dubuque, Iowa-based Heartland Financial USA, Inc. (NASDAQ: HTLF) (“Heartland”) announced today the completion of its acquisition of Blue Valley Ban Corp. (OTCQX: BVBC) (“BVBC”) and its wholly-owned subsidiary, Bank of Blue Valley, headquartered in Overland Park, Kansas, at the close of business on May 10, 2019. BVBC was merged with CONTINUE READING >>

Summit Financial Group, Inc. Announces Sale of Summit Insurance Services

  • Posted 05/3/2019
  • Castle Creek
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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 >>