News

Colorado-based InBankshares completes $5M stock offering

  • Posted: 06/3/2021
  • Jennifer Lian
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Greenwood Village, Colo.-based InBankshares Corp. on June 2 reported the sale of $5 million worth of its common stock. The offering was not made in connection to any business combination transaction, such as a merger, acquisition or exchange offer. According to the filing, 40 investors participated in the offering. This article was published by S&P Global Market Intelligence and not by S&P CONTINUE READING >>

United Community Banks, Inc. and Aquesta Financial Holdings, Inc., the Parent of Aquesta Bank, Announce Merger Agreement

  • Posted: 05/27/2021
  • Jennifer Lian
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GREENVILLE, S.C., May 27, 2021 (GLOBE NEWSWIRE) — United Community Banks, Inc. (NASDAQ: UCBI) (United) and Aquesta Financial Holdings, Inc. (OTC Pink: AQFH) (Aquesta) announced today a definitive agreement for United to acquire Aquesta, including its wholly-owned subsidiary, Aquesta Bank. Follow this link to continue reading this news story

AmeriServ Financial, Inc. and Riverview Financial Corporation Complete Previously Announced Branch Purchase Transaction

  • Posted: 05/24/2021
  • Jennifer Lian
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JOHNSTOWN, Pa., May 24, 2021 /PRNewswire/ — AmeriServ Financial, Inc. (NASDAQ: ASRV), the parent company of AmeriServ Financial Bank, and Riverview Financial Corporation (NASDAQ: RIVE), the parent company of Riverview Bank and its operating divisions, jointly announced today the completion of their previously announced transaction providing for AmeriServ’s acquisition of Citizens Neighborhood Bank’s (CNB), an operating division of Riverview Bank, branch and deposit customers in Meyersdale, as well as the deposit CONTINUE READING >>

West Virginia-based Summit Financial Group issues additional preferred shares

  • Posted: 05/3/2021
  • Jennifer Lian
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Moorefield, W.Va.-based Summit Financial Group Inc. sold in a private placement an additional $5.3 million, or 530 shares, of its 6.0% fixed-rate series 2021 noncumulative perpetual preferred stock. The company initially issued 970 shares of the new series of preferred stock on April 15 and extended the offering period until April 30. Due to higher demand for the preferred shares, the company CONTINUE READING >>