(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 agreed to buy smaller rival CrossFirst Bankshares 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
Heartland UMB Financial $2 billion April 29
Financial Corp
First Renasant Corp $1.2 July 29
Bancshares billion
Premier WesBanco $959 July 26
Financial million
CrossFirst $916.8
BankShares First Busey million Aug. 27
Macatawa Wintrust $510.3 April 15
Bank Corp Financial million
Heartland German American $330.2 July 29
Bancorp Bancorp million
Piedmont United $267 May 10
Bancorp Bankshares million
California Southern $233.6 Jan. 30
BanCorp California million
Bancorp*
* Merger of equals
(Reporting by Manya Saini and Niket Nishant in Bengaluru; Editing by Sriraj Kalluvila and Shinjini Ganguli)
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