News

First Merchants, Monroe Bank & Trust Finalize Merger

  • Posted: 09/3/2019
  • Castle Creek
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MUNCIE, Ind.–First Merchants Corporation (NASDAQ: FRME) and MBT Financial Corporation (NASDAQ: MBTF) have finalized a merger of the two companies. Following regulatory approvals last month, the companies consummated their legal closing through a 100% stock transaction effective September 1, 2019. As previously announced in late 2018, Monroe Bank & Trust will also merge with and into First Merchants Bank. Headquartered CONTINUE READING >>

Bank of Idaho Holding Company Announces Private Placement

  • Posted: 07/23/2019
  • Castle Creek
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Copyright © 2019, The Times-News IDAHO FALLS, Idaho—Bank of Idaho Holding Co., the parent company of Bank of Idaho, has announced that it has completed a $15 million private placement of its capital stock. The investor in the private placement is an affiliate of Castle Creek Capital LLC, an institutional investor that specializes in the community banking sector. Proceeds from CONTINUE READING >>

Northpointe Bank Parent Company Raises $25 Million from PE firm

  • Posted: 06/3/2019
  • Castle Creek
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GRAND RAPIDS — Northpointe Bancshare Inc. raised $25 million in capital through a private placement of common stock with Castle Creek Capital LLC, a private equity firm based in Rancho Santa Fe, Calif., north of San Diego. The Grand Rapids-based parent company of Northpointe Bank plans to use proceeds from the capital raise to support further growth and “other general corporate purposes,” the company said. CONTINUE READING >>

OTC Markets Group Welcomes Tri County Financial Group Inc. to OTCQX

  • Posted: 05/21/2019
  • Castle Creek
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NEW YORK, May 21, 2019 /PRNewswire/ — OTC Markets Group Inc. (OTCQX: OTCM), operator of financial markets for 10,000 U.S. and global securities, today announced Tri County Financial Group Inc. (OTCQX: TYFG), the holding company for First State Bank, has qualified to trade on the OTCQX® Best Market.  Tri County Financial Group upgraded to OTCQX from the Pink® market. Tri County Financial Group begins trading today on OTCQX under CONTINUE READING >>