Key insight: Fifth Third and Comerica's shareholders both blessed the companies' proposed merger, but the two banks are still embroiled in a legal battle with an activist investor.What's at stake: If the deal crosses the finish line, it will be one of the largest bank mergers of the last decade.Forward look: The banks still need approval from the Federal Reserve Board to close their $10.9 billion deal.Fifth Third Bancorp and Comerica each won near-unanimous shareholder approval for their proposed $10.9 bill ...

Core Viewpoint - Synovus Financial has successfully merged with Pinnacle Financial Partners in an all-stock deal valued at $8.6 billion, aiming to create the highest-performing regional bank in the Southeast [1][6] Group 1: Merger Details - The merger was announced in July and has resulted in a combined holding company with $117.2 billion in assets, $95.7 billion in deposits, and $80.4 billion in loans as of September 30 [1] - The new holding company will be headquartered in Atlanta, Georgia, while the bank's operations will be based in Nashville, Tennessee, with plans to consolidate under the Pinnacle brand by early 2027 [2] Group 2: Shareholder Structure - The merger involved a fixed exchange ratio of 0.5237 Synovus shares for each Pinnacle share, translating to a Synovus share value of $61.18, resulting in Synovus shareholders owning approximately 48.5% and Pinnacle shareholders about 51.5% of the merged entity [3] Group 3: Leadership and Vision - Kevin Blair, the former CEO of Synovus, is now the president and CEO of the merged group, while Terry Turner, the former CEO of Pinnacle, chairs the board [4] - The leadership team aims to position the merged entity as the fastest-growing and most profitable regional bank in the nation, emphasizing the importance of long-term relationships and purposeful growth [5]

Creates a scaled, high performing regional bank with $23 billion in assets strategically located in attractive New Jersey, Long Island and New York markets Meaningfully enhances profitability metrics with estimated EPS accretion of 16%, ROATCE of 13% and ROAA of 1.00% by 2027 $225 million equity raise, priced at-the-market, is fully committed at a fixed price after extensive investor due diligence by Warburg Pincus1 RED BANK, NJ AND UNIONDALE, NY / ACCESS Newswire / December 29, 2025 / OceanFirst Financial ...

Key insight: A few days after the OCC approved Comerica's blockbuster sale to Fifth Third, the seller made an amended regulatory disclosure that provides more details about how the deal came together.What's at stake: The $10.9 billion deal is the largest bank acquisition announced in 2025.Forward look: The deal still needs approval from the two banks' shareholders, the Federal Reserve Board and the Texas Department of Banking.Comerica aimed high in its whirlwind negotiations to be acquired, the Dallas bank ...

Key Takeaways ASB agrees to acquire American National in a $604M all-stock deal, expected to be closed in Q2 2026.The merger strengthens ASB's Midwest scale with low-cost deposits and 79,000 added accounts.ASB expects cost savings, 2027 EPS accretion and improved capital and efficiency measures.Associated Banc-Corp (ASB) entered into a definitive merger agreement to acquire American National Corporation and its wholly-owned subsidiary, American National Bank. The all-stock transaction is valued at roughly $ ...

Key insight: Banks are seeking scale by inking merger agreements, despite investor concerns about tangible book value dilution.What's at stake: So far, 2025 is on track to be the biggest year for bank deals since before the pandemic.Supporting data: The stock prices of banks that shrink their share counts are likely to outperform their peers over time, according to a Truist Securities analysis.All banks are "opportunistic."At least, when asked about whether they plan to ink a merger deal, most bank leaders ...

Core Viewpoint - Fulton Financial Corporation is acquiring Blue Foundry Bancorp in an all-stock transaction valued at approximately $243 million, enhancing Fulton's presence in the northern New Jersey market and expected to be accretive to earnings and tangible book value [2][3][4]. Group 1: Transaction Details - The merger agreement stipulates that each share of Blue Foundry common stock will be exchanged for 0.6500 shares of Fulton common stock, valuing Blue Foundry at $11.67 per share based on Fulton's share price of $17.96 as of November 21, 2025 [2]. - The transaction is anticipated to close in the second quarter of 2026, pending regulatory approvals and stockholder approval from Blue Foundry [4]. Group 2: Strategic Implications - This acquisition is part of Fulton's strategy to accelerate growth in the attractive northern New Jersey market, with expectations of over 5% accretion to first full-year earnings and immediate accretion to tangible book value per share [3]. - The merger aims to combine the strengths of both community-focused banks, enhancing customer service and expanding the range of banking solutions available to a larger customer base [5]. Group 3: Community Commitment - Fulton will contribute $1.5 million to the Fulton Forward Foundation to support nonprofit community organizations in New Jersey as part of the transaction [5]. Group 4: Company Backgrounds - Fulton Financial Corporation is a $32 billion asset financial holding company providing various financial services across multiple states, including Pennsylvania, Maryland, Delaware, New Jersey, and Virginia [7]. - Blue Foundry Bancorp operates Blue Foundry Bank, serving communities in New Jersey with a commitment to innovative banking solutions and a history of over 145 years [9].

Core Points - MetroCity Bankshares, Inc. has received all necessary regulatory approvals and shareholder consent to merge with First IC Corporation, with the merger expected to finalize on December 1, 2025 [1][2]. Company Overview - MetroCity Bankshares, Inc. is headquartered in Doraville, Georgia, and operates Metro City Bank with 20 banking offices across seven states, holding $3.6 billion in assets as of September 30, 2025 [4]. - First IC Corporation, also based in Doraville, operates First IC Bank with ten banking locations and two loan production offices across several states, holding $1.2 billion in assets as of September 30, 2025 [5]. Advisory Information - Hillworth Bank Partners served as the financial advisor for MetroCity, providing a fairness opinion to its board, while Stephens Inc. acted as the financial advisor for First IC [3].

Transaction Overview - Nicolet will acquire MidWestOne in a 100% stock transaction with a fixed exchange ratio of 03175x Nicolet shares for each MidWestOne share[13] - The aggregate consideration is valued at $8641 million, or $4137 per MidWestOne share, representing a 452% market premium[13] - Pro forma ownership will be approximately 691% for Nicolet and 309% for MidWestOne[13] Financial Impact - The transaction is expected to be ~37% accretive to Nicolet's fully-phased 2026E GAAP EPS[9] - Nicolet anticipates a fully-phased 2026E ROATCE of ~23%[9] - The pro forma CET1 ratio at closing is projected to be 106%, requiring no additional capital to support the transaction[9] - The transaction is expected to result in approximately 1% tangible book value per share dilution, with a very short earnback period of ~01 year[9, 25] Strategic Rationale - The acquisition will create a ~$15 billion+ asset bank, enhancing scale and positioning the company for significant growth across the Upper Midwest region[9] - The combined company is expected to enhance existing top quartile/decile financial operating metrics versus peers[9] - Nicolet will immediately solidify its position as a top 5 bank by deposit market share across the state of Iowa and accelerates growth trajectory in Minneapolis-St Paul MSA by adding $1 billion+ of deposits to existing network[9] - The acquisition adds ~$34 billion+ of wealth management AUA across new markets, resulting in $9 billion+ AUA for the combined company[9] Pro Forma Financials - At closing, the pro forma company is expected to have $157 billion in total assets, $113 billion in total loans, $133 billion in total deposits, and $28 billion in market capitalization[12]

Core Viewpoint - Fifth Third Bancorp has agreed to acquire Comerica in an all-stock transaction valued at $10.9 billion, creating the ninth largest bank in the US with approximately $288 billion in assets [1][2]. Group 1: Transaction Details - Comerica stockholders will receive 1.8663 Fifth Third shares for each share they hold, equating to $82.88 per share based on Fifth Third's closing stock price on October 3, 2025, which represents a 20% premium to the ten-day volume-weighted average stock price of Comerica [1]. - Post-merger, Fifth Third shareholders will own about 73% of the merged entity, while Comerica shareholders will hold 27% [2]. Group 2: Strategic Rationale - The merger is expected to be "immediately accretive" to shareholders and aims to enhance efficiency, return on assets, and return on tangible common equity ratios [3]. - By combining Fifth Third's retail banking and digital capabilities with Comerica's middle market banking franchise, the merged entity seeks to strengthen its position in high-growth markets, operating across 17 markets including the Southeast, Texas, and California [3][4]. Group 3: Future Projections and Leadership - By 2030, over half of Fifth Third's branches are projected to be located in the Southeast, Texas, Arizona, and California [4]. - The merger will create two $1 billion recurring and high return fee businesses: commercial payments and wealth and asset management, with Comerica's chief banking officer leading the wealth & asset management business [4]. - Three Comerica Board members will join Fifth Third's board after the transaction closes [4]. Group 4: Timeline and Strategic Goals - The merger is expected to be finalized by the end of the first quarter of 2026, pending shareholder and regulatory approvals [5]. - Fifth Third Bank's leadership views this combination as a pivotal moment to accelerate their strategy in high-growth markets and deepen commercial capabilities [5].