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SouthCrest Financial Group Exits FDIC Loss Share Agreement

  • Posted: 10/22/2018
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ATLANTA, Ga.–(GLOBE NEWSWIRE)–Brian D. Schmitt, Chief Executive Officer of SouthCrest Financial Group, Inc. (SCSG:PK) announced today that the Company has executed an agreement with the FDIC to exit the loss share agreement associated with a prior failed bank purchase.  The financial impact to SouthCrest as a result of the termination was marginally negative, and was accrued for in the third CONTINUE READING >>

German American to Complete Acquisition of First Security, Inc. and First Security Bank, Inc.

  • Posted: 10/15/2018
  • Castle Creek
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JASPER, Ind.–(GLOBE NEWSWIRE)–German American Bancorp, Inc. (NASDAQ:GABC) announced today that it has completed its previously announced acquisition of First Security, Inc., the parent company of First Security Bank, Inc. of Owensboro, Kentucky, effective as of October 15, 2018. Immediately following the merger of First Security, Inc. into German American Bancorp, Inc., First Security Bank, Inc. merged with and into German CONTINUE READING >>

First Merchants Corporation and MBT Financial Corporation Announce the Signing of a Definitive Merger Agreement

  • Posted: 10/10/2018
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MUNCIE, Ind. and MONROE, Mich.–(GLOBE NEWSWIRE)–First Merchants Corporation (NASDAQ: FRME) and MBT Financial Corporation (NASDAQ: MBTF) today announced they have executed a definitive agreement whereby MBT Financial Corporation will merge with and into First Merchants Corporation in a 100% stock transaction valued at approximately $290.9 million.  Upon completion of the merger, Monroe Bank & Trust, will merge with and into CONTINUE READING >>

Bridgewater Bancshares, Inc. Named to Esteemed Sandler O’Neill Sm-All Stars Class of 2018

  • Posted: 10/2/2018
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BLOOMINGTON, Minn.–(BUSINESS WIRE)–Bridgewater Bancshares, Inc. (“Bridgewater”) (Nasdaq: BWB), the parent company of Bridgewater Bank, is pleased to announce it has been named to the prestigious Sandler O’Neill Sm-All Stars Class of 2018. Bridgewater was one of 30 publicly traded banks and thrifts – and the only bank headquartered in Minnesota and the Upper Midwest – to be recognized. According to CONTINUE READING >>