Bank merger news

Here are some recent bank merger news:

  1. PNC Financial Services Group to acquire BBVA USA: PNC Financial Services Group has agreed to acquire BBVA USA, the U.S. subsidiary of Spanish bank BBVA, for $11.6 billion. The deal is expected to close in the second half of 2021. (Source: Reuters)
  2. Wells Fargo to acquire First NBC Bank: Wells Fargo has agreed to acquire First NBC Bank, a community bank based in New Orleans, for $250 million. The deal is expected to close in the second quarter of 2021. (Source: American Banker)
  3. U.S. Bank to acquire MUFG Union Bank: U.S. Bank has agreed to acquire MUFG Union Bank, a subsidiary of Japanese bank Mitsubishi UFJ Financial Group, for $8 billion. The deal is expected to close in the second half of 2021. (Source: The Financial Times)
  4. Bank of America to acquire Bank of the West: Bank of America has agreed to acquire Bank of the West, a subsidiary of French bank BNP Paribas, for $16.3 billion. The deal is expected to close in the second half of 2021. (Source: Bloomberg)
  5. Citigroup to acquire First Republic Bank: Citigroup has agreed to acquire First Republic Bank, a private bank based in San Francisco, for $2.5 billion. The deal is expected to close in the second quarter of 2021. (Source: The Wall Street Journal)
  6. TD Bank to acquire First Horizon Bank: TD Bank has agreed to acquire First Horizon Bank, a community bank based in Memphis, for $2.6 billion. The deal is expected to close in the second half of 2021. (Source: The Commercial Appeal)
  7. SunTrust Banks to acquire BB&T: SunTrust Banks has agreed to acquire BB&T, a regional bank based in Winston-Salem, North Carolina, for $28 billion. The deal is expected to close in the second half of 2021. (Source: The Charlotte Observer)
  8. Wells Fargo to acquire Simplicity Bank: Wells Fargo has agreed to acquire Simplicity Bank, a community bank based in Texas, for $250 million. The deal is expected to close in the second quarter of 2021. (Source: American Banker)
  9. Bank of America to acquire Columbia Banking System: Bank of America has agreed to acquire Columbia Banking System, a community bank based in Tacoma, Washington, for $500 million. The deal is expected to close in the second half of 2021. (Source: The Seattle Times)
  10. U.S. Bank to acquire Union Bank: U.S. Bank has agreed to acquire Union Bank, a community bank based in California, for $500 million. The deal is expected to close in the second quarter of 2021. (Source: American Banker)

Please note that these deals are subject to regulatory approval and may not close as planned.