You can find original article here WealthManagement. Subscribe to our free daily WealthManagement newsletters. U.S. banks Fifth Third and Comerica are merging to create the ninth-largest bank in the country, with the resulting company establishing a wealth and asset division that will manage assets exceeding $100 billion. The Cincinnati-based Fifth Third Bank will acquire Dallas-based Comerica in an all-stock transaction totaling $10.9 billion, pending approval by shareholders and regulators. The combined ...

Fifth Third Bank will be the ninth-largest bank in the United States after it acquires Comerica.By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions .Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.The $10.9 billion merger between the lender and the Texas-based region ...

Core Viewpoint - Fifth Third Bancorp has agreed to merge with Comerica Incorporated in an all-stock deal valued at $10.9 billion, which is expected to create the ninth-largest bank in the U.S. with approximately $288 billion in assets [1][3]. Group 1: Merger Details - Comerica shareholders will receive 1.8663 Fifth Third shares for each Comerica share, translating to an offer price of $82.88 per share, representing a 20% premium to Comerica's 10-day volume-weighted average [1]. - The merger will result in Fifth Third investors holding about 73% of the combined entity, while Comerica shareholders will own roughly 27% [3]. - The transaction is anticipated to close by the end of the first quarter of 2026, subject to shareholder approvals and regulatory reviews [2]. Group 2: Market Position and Growth - The combined entity will operate in 17 of the 20 fastest-growing U.S. markets, enhancing its presence in key regions such as the Southeast, Texas, and California, while maintaining leadership in the Midwest [2]. - The merger is expected to be immediately accretive for shareholders, indicating potential for enhanced shareholder value [3]. Group 3: Strategic Benefits - The merger will create two recurring, high-return fee segments, Commercial Payments and Wealth and Asset Management, each valued at $1 billion, which will diversify earnings and support growth initiatives [4]. - Tim Spence, Chairman, CEO, and President of Fifth Third Bank, emphasized that the merger is a natural fit due to Comerica's strong middle market franchise and complementary footprint, positioning the new entity for long-term value delivery [5].

Accessibility StatementSkip Navigation Olympic Bancorp Heritage Financial Corporation (PRNewsFoto/Heritage Financial Corporation) Strategic Expansion for Heritage Bank in the Puget Sound Region OLYMPIA, Wash. and PORT ORCHARD, Wash., Sept. 25, 2025 /PRNewswire/ -- Heritage Financial Corporation ("Heritage"), the holding company for Heritage Bank, (Nasdaq: HFWA) and Olympic Bancorp, Inc. ("Olympic"), the holding company for Kitsap Bank, jointly announced today the signing of a definitive agreement under whic ...

Merger Announcement - First Merchants Corporation and First Savings Financial Group have entered into a definitive merger agreement valued at approximately $241.3 million in an all-stock transaction [1][3] - The merger will result in First Savings Bank merging with First Merchants Bank immediately after the completion of the merger [1] Financial Overview of First Savings - First Savings operates 16 banking centers in southern Indiana with total assets of $2.4 billion, total loans of $1.9 billion, and total deposits of $1.7 billion [2] - For the quarter ended June 30, 2025, First Savings reported a return on average assets of 1.02% and a return on average equity of 13.7% [2] Shareholder Exchange and Valuation - Common shareholders of First Savings will receive 0.85 shares of First Merchants common stock for each share of First Savings common stock owned, translating to an implied merger consideration of $33.60 per share based on First Merchants' closing stock price of $39.53 on September 24, 2025 [3] - First Merchants anticipates an earnings per share accretion of approximately 11% in 2027 and a tangible book value earnback period of 3.0 years [3] Strategic Rationale - The merger is viewed as a significant addition to First Merchants' Indiana deposit network, enhancing growth potential in southern Indiana [4] - The combined company will focus on diversified loan growth through triple net lease financing, first lien HELOCs, and SBA lending [4] Combined Company Profile - Post-merger, the combined assets of First Merchants and First Savings will be approximately $21.0 billion, making First Merchants the second largest financial holding company headquartered in Indiana [5] - The combined entity will operate 127 branches across Indiana, Michigan, and Ohio [5] Leadership and Integration - Larry W. Myers, President and CEO of First Savings, is expected to be appointed to the Board of Directors of First Merchants [5] - The transaction is anticipated to close in the first quarter of 2026, pending shareholder and regulatory approvals, with system integration expected to be completed by the second quarter of 2026 [4][5]

Group 1 - The Italian government will impose conditions on a potential merger between Banco BPM and Credit Agricole Italia, as stated by Economy Minister Giancarlo Giorgetti [1][2] - Banco BPM is actively seeking a merger partner after a failed takeover attempt by UniCredit, with Credit Agricole Italia and state-backed Monte dei Paschi di Siena (MPS) identified as primary options [1][4] - The merger with Credit Agricole Italia is perceived as more feasible due to MPS's involvement in the Mediobanca takeover [2][4] Group 2 - Giorgetti emphasized that he has no political objections to the merger but will enforce existing laws aimed at protecting key assets, known as "golden powers" [2][3] - Banco BPM holds a 9% stake in MPS, while Credit Agricole is the largest investor in Banco BPM, which is Italy's third-largest bank and crucial for financing small businesses [4] - Italy aims to create a third major banking player to compete with Intesa and UniCredit by facilitating a merger between BPM and MPS, a plan that was disrupted by UniCredit's initial takeover attempt [5]

Group 1 - Crédit Agricole is considering a merger of its Italian operations with Banco BPM, with Deutsche Bank and Rothschild advising on the potential deal [1] - Banco BPM's CEO views the merger with Crédit Agricole as the "clearest option" for the bank, which could benefit the Italian economy [1] - Banco BPM is evaluating strategic options after a failed takeover attempt by UniCredit, highlighting ongoing consolidation in Italy's banking sector [1] Group 2 - Crédit Agricole, the largest single shareholder in Banco BPM with over 20% stake, could increase its ownership to 35% post-merger [2] - Any merger would require approval from the Italian government, which has previously blocked UniCredit's bid for Banco BPM on national security grounds [2] - Crédit Agricole has maintained a positive relationship with Italian authorities, which may facilitate the merger process [2] Group 3 - Banco BPM has also considered merging with state-backed Monte dei Paschi di Siena, which is seen as an alternative option [3] - Banco BPM recently acquired a 9% stake in Monte dei Paschi, and the government has historically supported a merger between these two banks [3] - The acquisition of control over merchant bank Mediobanca by Monte dei Paschi complicates the potential for a three-way merger involving Banco BPM [4] Group 4 - Following the Mediobanca transaction, Banco BPM's stake in Monte dei Paschi is expected to fall below 5%, impacting merger dynamics [4]

Core Viewpoint - Italy aims to prioritize the protection of small business lending and domestic savings in the merger between Banco BPM and the local arm of French Credit Agricole, emphasizing that the nationality of the bank is not a primary concern [1] Group 1 - The focus of the merger is on safeguarding small business lending [1] - Domestic savings protection is a key consideration in the merger [1] - The nationality of the banks involved is not deemed an issue [1]

Core Viewpoint - TowneBank is set to acquire Dogwood State Bank, enhancing its market presence in North Carolina and South Carolina, particularly along the Interstate 85 corridor and the Eastern North Carolina coast [1][2]. Group 1: Merger Details - The merger agreement stipulates that Dogwood's common shareholders will receive 0.700 shares of TowneBank common stock for each share of Dogwood, valuing the deal at approximately $476.2 million based on TowneBank's stock price [3]. - The combined entity will have total assets of approximately $22 billion, loans of about $16 billion, and deposits around $19 billion upon completion of the transactions [2]. Group 2: Leadership and Management - Steve Jones, CEO of Dogwood, will take on a key leadership role as President of North Carolina and South Carolina banking operations within TowneBank [4]. - Robin Perkins, a current director at Dogwood, will join TowneBank's Corporate Board of Directors following the merger [6]. Group 3: Strategic Implications - The acquisition is expected to be approximately 8.0% accretive to TowneBank's earnings per share for 2027, with fully phased-in cost savings anticipated [2]. - The merger will expand TowneBank's footprint in key markets, including Raleigh, Greensboro-Winston Salem, Greenville, Charlotte, and along the Eastern North Carolina coast [1]. Group 4: Company Backgrounds - TowneBank, founded in 1999, operates over 55 banking offices and has total assets of $18.26 billion as of June 30, 2025 [8][10]. - Dogwood State Bank, headquartered in Raleigh, North Carolina, has approximately $2.4 billion in total assets and focuses on small business lending [11].

Core Insights - Kvika banki hf. reported strong financial performance in Q2 2025, achieving a post-tax profit from continuing operations of ISK 1,439 million, an increase of 85.2% compared to Q2 2024 [5] - The bank's total assets reached ISK 361 billion at the end of Q2 2025, reflecting a solid growth trajectory [5] - The bank is engaged in merger discussions with Arion Banki and Íslandsbanki, with the aim of enhancing shareholder value and long-term growth [9][10] Financial Performance Highlights - Post-tax profit from continuing operations for Q2 2025 was ISK 1,439 million, up from ISK 777 million in Q2 2024, marking an increase of ISK 662 million or 85.2% [5] - Profit before tax for Q2 2025 was ISK 2,025 million, compared to ISK 1,189 million in Q2 2024, an increase of 70.3% [5] - Net interest income for Q2 2025 was ISK 2,962 million, a 22.0% increase from ISK 2,428 million in Q2 2024 [5] - Net fee and commission income rose to ISK 1,935 million in Q2 2025, up 43.2% from ISK 1,351 million in Q2 2024 [5] - Administrative expenses increased by 9.1% to ISK 2,981 million in Q2 2025 from ISK 2,733 million in Q2 2024 [5] Balance Sheet Overview - Customer deposits at the end of Q2 2025 amounted to ISK 180 billion, a 10.3% increase from ISK 163 billion at year-end 2024 [5] - Loans to customers increased by 14.7% to ISK 172 billion at the end of Q2 2025 from ISK 150 billion at year-end 2024 [5] - The capital adequacy ratio (CAR) was 23.3% at the end of Q2 2025, up from 22.8% at year-end 2024 [5] - Total liquidity coverage ratio (LCR) was 910% at the end of Q2 2025, significantly higher than 360% at year-end 2024 [5] Strategic Developments - Kvika Corporate Finance successfully led the sale of the government's stake in Íslandsbanki and completed its first EUR bond issuance [8] - A new ISK 8 billion institutional credit fund was launched within Kvika Asset Management, and a new mortgage product was introduced under the Auður heima brand [8] - The bank is currently focused on due diligence for the merger process, which is expected to take 9-12 months [10]