News

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 >>

Southern California Bancorp to Acquire Bank of Santa Clarita

  • Posted: 04/27/2021
  • Jennifer Lian
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San Diego and Santa Clarita, Calif., April 27, 2021 – Southern California Bancorp (OTC Pink: BCAL), the holding company for Bank of Southern California, N.A. (the “Bank”), and Bank of Santa Clarita (OTC: BSCA) jointly announce the signing of a definitive merger agreement pursuant to which Southern California Bancorp will acquire Bank of Santa Clarita through the merger of Bank of CONTINUE READING >>

Enterprise Financial Services Corp to Acquire First Choice Bancorp

  • Posted: 04/26/2021
  • Jennifer Lian
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ST. LOUIS & CERRITOS, Calif.–(BUSINESS WIRE)–Enterprise Financial Services Corp (Nasdaq: EFSC) (the “Company,” “EFSC,” or “Enterprise”), the holding company of Enterprise Bank & Trust (“EB&T”), and First Choice Bancorp (Nasdaq: FCBP) (“FCBP”), the holding company of First Choice Bank (“First Choice”), announced today that EFSC, EB&T, FCBP and First Choice have entered into a definitive merger agreement pursuant to which CONTINUE READING >>

MVB Bank to Sell Four Banking Centers to Summit Community Bank

  • Posted: 04/23/2021
  • Jennifer Lian
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FAIRMONT, W.Va.–(BUSINESS WIRE)–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 substantially all of MVB Bank’s Southern West Virginia community banking operations, including its full service banking centers CONTINUE READING >>