VyStar Credit Union Acquires Heritage Southeast Bank

Southern Bancorp, Inc. Acquires Ozarks Heritage Financial Group and Legacy Bank & Trust

January 5, 2026

Financial Services

Southern Bancorp, Inc. has closed its acquisition of Ozarks Heritage Financial Group, Inc. and its wholly owned subsidiary Legacy Bank & Trust, a $1.9 billion asset CDFI headquartered in Springfield, Missouri. The deal creates a nearly $5 billion asset community development financial institution and expands Southern Bancorp’s branch footprint across Arkansas, Missouri, Mississippi, Oklahoma, and Texas.

VersaBank Acquires Stearns Bank Holdingford N.A.

September 3, 2024

Financial Services

VersaBank completed the acquisition of Stearns Bank Holdingford N.A. (SBH) from Stearns Financial Services, renaming the bank VersaBank USA N.A. The US$14.0 million cash deal (approximately CAD$19.3M) gives VersaBank an OCC‑chartered U.S. banking platform to launch its Receivable Purchase Program (RPP) in the U.S. market.

Beacon Credit Union Acquires Mid-Southern Savings Bank, FSB

January 26, 2024

Financial Services

Beacon Credit Union (BCU) entered a definitive purchase and assumption agreement to acquire substantially all assets and assume substantially all liabilities of Mid-Southern Savings Bank, FSB (MSB). The deal — BCU's first community bank acquisition — expands Beacon's footprint in southern Indiana; it is subject to MSB shareholder and regulatory approvals and is expected to close in Q3 or Q4 2024. MSB leadership will transition into roles at BCU and BCU intends to keep MSB branches and loan production offices open following completion.

Seacoast Banking Corporation of Florida Acquires Legacy Bank of Florida

March 23, 2021

Financial Services

Seacoast Banking Corporation of Florida (Seacoast) signed a definitive agreement to acquire Legacy Bank of Florida, merging Legacy into Seacoast Bank to expand Seacoast’s presence in Broward and Palm Beach counties. Legacy Bank operates five branches with approximately $432 million in deposits and $482 million in loans as of December 31, 2020; Legacy shareholders will receive Seacoast stock in the transaction.

EverBank Financial Corp Acquires Sterling Bank and Trust, F.S.B.

March 31, 2025

Financial Services

EverBank Financial Corp (through EverBank, N.A.) completed the acquisition of Sterling Bank and Trust, F.S.B. from Sterling Bancorp, Inc., acquiring 25 branches, approximately $900 million of loans and about $2.0 billion in deposits. Sterling Bancorp received a fixed purchase price of $261 million and will file a certificate of dissolution as Sterling Bank is merged into EverBank effective April 1, 2025.

Citizens Financial Group Acquires 80 HSBC East Coast Branches and National Online Deposit Business

February 22, 2022

Financial Services

Citizens Financial Group has closed its acquisition of 80 East Coast branches and the national online deposit business from HSBC Bank U.S.A., N.A., adding more than 800,000 customer accounts and rebranding the branches as Citizens. The deal expands Citizens' physical presence in the New York City metro, Mid-Atlantic and Southeast Florida markets and brings more than 500 former HSBC employees to Citizens as part of the conversion.