Regions Bank Acquires Sabal Capital Partners

Regions Bank Acquires EnerBank USA

October 1, 2021

Financial Services

Regions Bank (a subsidiary of Regions Financial Corporation) has completed its acquisition of Salt Lake City-based home improvement lender EnerBank USA from CMS Energy Corporation. EnerBank — a specialized point-of-sale lender serving homeowners and contractors with digital and contractor-delivered lending solutions and roughly 485 employees — will join Regions' Consumer Banking Group and continue operating from Salt Lake City as it transitions into the Regions brand.

Regions Bank Acquires Ascentium Capital

April 1, 2020

Financial Services

Regions Bank (Regions Financial Corporation) has completed the acquisition of Ascentium Capital, an equipment finance lender that provides technology-enabled financing solutions to small businesses. The deal (previously owned by Warburg Pincus) expands Regions' commercial lending and equipment finance capabilities to better serve small-business and commercial customers.

Seacoast Acquires Sabal Palm Bancorp and Business Bank of Florida

August 23, 2021

Financial Services

Seacoast Banking Corporation of Florida entered into definitive agreements to acquire Sabal Palm Bancorp, Inc. (parent of Sabal Palm Bank) and Business Bank of Florida, Corp. (parent of Florida Business Bank). The two community banks will be merged into Seacoast Bank, expanding Seacoast's footprint in Sarasota and Brevard County and adding roughly $600 million in assets; the deals are expected to be accretive to earnings in 2022/2023.

Regions Financial Acquires Clearsight Advisors

December 31, 2021

Financial Services

Regions Financial Corporation has completed the acquisition of Clearsight Advisors, an M&A and capital-raising advisory firm. The deal brings Clearsight into Regions Bank’s Capital Markets division to expand Regions’ M&A advisory and technology-sector capabilities; Clearsight will retain its McLean, Virginia headquarters and existing offices in New York and Dallas.

Meridian Capital Group and Barings Form JV to Acquire Barings Multifamily Capital

January 27, 2021

Financial Services

Meridian Capital Group and Barings have formed a joint venture to acquire the assets and liabilities of Barings Multifamily Capital (BMC) and create a standalone agency lending platform led by David Brickman. Meridian will hold majority control of the new platform, and Stone Point Capital has entered a strategic partnership with Meridian to support the firm's growth; the deal is subject to regulatory approvals.

LendingClub Acquires Radius Bancorp (Radius Bank)

February 1, 2021

Financial Services

LendingClub Corporation completed the acquisition of Radius Bancorp, Inc. and its digital banking subsidiary Radius Bank, combining LendingClub’s online lending marketplace with Radius’s award-winning digital deposit and banking-as-a-service platform. The transaction (announced in February 2020 and closed in February 2021) gives LendingClub a full-spectrum fintech marketplace bank, expands low-cost deposit funding sources, and enhances the company’s ability to offer integrated banking products and BaaS capabilities.