Factbox: Top US regional bank deals in 2024 as consolidation gathers pace

Heartland Banccorp

27/08/2024 16:14

(Updates to add latest CrossFirst Bankshares deal)
       Aug 27 (Reuters) - U.S. regional bank mergers have
ticked up this year and are expected to remain robust as the
lenders seek stronger balance sheets to compete better against
larger rivals.   
    Regional lender First Busey  BUSE.O  agreed to buy smaller
rival CrossFirst Bankshares  CFB.O  in a $916.8 million
all-stock deal on Tuesday. 
    Here is an overview of the biggest deals in the space this
year: 
    
 Target                  Acquirer         Deal value  Date 
                         SouthState Corp  $2 billion  May 20 
 Independent Bank Group   SSB.N                       
  IBTX.O                                              
             Heartland   UMB Financial    $2 billion  April 29
 Financial  HTLF.O       Corp  UMBF.O                 
             First       Renasant Corp    $1.2        July 29
 Bancshares  FBMS.N       RNST.N          billion     
             Premier     WesBanco         $959        July 26
 Financial  PFC.O         WSBC.O          million     
             CrossFirst                   $916.8      
 BankShares              First Busey      million      Aug. 27
               CFB.O      BUSE.O                      
                                                      
             Macatawa    Wintrust         $510.3      April 15
 Bank Corp  MCBC.O       Financial        million     
                          WTFC.O                      
             Heartland   German American  $330.2      July 29
 Bancorp  HLAN.PK        Bancorp          million     
                          GABC.O                      
             Piedmont    United           $267        May 10 
 Bancorp                 Bankshares       million     
                          UBSI.O                      
             California  Southern         $233.6      Jan. 30 
 BanCorp  CALB.O         California       million     
                         Bancorp                      
                          BCAL.O *                    
 
    * Merger of equals

 (Reporting by Manya Saini and Niket Nishant in Bengaluru;
Editing by Sriraj Kalluvila and Shinjini Ganguli)
 ((Manya.Saini@thomsonreuters.com; X: manya__saini;))