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

SouthState Bank

19/08/2024 11:02

Aug 19 (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. 
    There have been 38 regional bank deals this year, compared
with 29 during the same period in 2023, according to Dealogic
data.
    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 Corp  $2 billion  April
 Financial  HTLF.O        UMBF.O                         29
             First       Renasant Corp       $1.2        July 29
 Bancshares  FBMS.N       RNST.N             billion     
             Premier     WesBanco  WSBC.O    $959        July 26
 Financial  PFC.O                            million     
             Macatawa    Wintrust Financial  $510.3      April
 Bank Corp  MCBC.O        WTFC.O             million     15
             Heartland   German American     $330.2      July 29
 Bancorp  HLAN.PK        Bancorp  GABC.O     million     
             Piedmont    United Bankshares   $267        May 10 
 Bancorp                  UBSI.O             million     
                                                         
             California  Southern            $233.6      Jan 30 
 BanCorp  CALB.O         California Bancorp  million     
                          BCAL.O *                       
 
    * Merger of equals
    Source: Dealogic 
    Note: Data as of Aug 2. 

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