Tag: deal

Activity, Corporate Banking

California banks merge in $233.6M deal

January 30, 2024

Via: Banking Dive

Billed as a “merger of equals,” the deal will create a $4.6 billion-asset company with a presence in some of California’s strongest areas for mid-market business banking. “The expanded scale and capabilities we will have as a result of this […]


Pepper Money agrees to buy HSBC’s New Zealand mortgage portfolio

September 6, 2023

Via: FinTech Futures

Subject to approval by the New Zealand Overseas Investment Office, the deal is expected to close in late November, following which the pair will work towards a “smooth and efficient” transition for its customers. On completion, the acquired portfolio is […]

Activity, Retail Banking

Japan’s MUFG to exit U.S. retail banking in $8 billion deal with U.S. Bancorp

September 21, 2021

Via: Yahoo

Mitsubishi UFJ Financial Group (MUFG) is pulling back from U.S. retail banking with the $8 billion sale of MUFG Union Bank (MUB) to U.S. Bancorp as digital technology and industry consolidation squeeze out smaller lenders. The deal includes $5.5 billion […]

Activity, Corporate Banking

Crystal Financial Provides $20MM Term Loan to Intersections

March 22, 2016

Via: ABF Journal

Intersections successfully completed a $20 million term loan financing with Crystal Financial. The company also noted that during the fourth quarter of 2015, it closed a private placement of 3.0 million shares of its common stock, raising gross proceeds of […]