Midfed Acquisition Corp. Acquires Midland Capital Holdings Corporation (Midland Federal)

The Marygold Companies Acquires 7.95% Stake in Midland Capital Holdings Corporation

October 24, 2024

Financial Services

The Marygold Companies, Inc. (NYSE American: MGLD) purchased a 7.95% ownership position in Delaware-based Midland Capital Holdings Corporation (MCHC) for $1.8 million, and also received warrants to buy additional shares. MCHC's principal operating entity is Midland Federal Savings and Loan Association, headquartered in Bridgeview, Illinois; Marygold says the investment supports its strategy of expanding in financial services/fintech and will help enhance the bank's offerings and technology.

Midwest Growth Partners Acquires Incorp Holdings

December 18, 2020

Industrial Services

Midwest Growth Partners led a transaction to acquire Incorp Holdings, LLC, with subordinated debt and equity provided by NewSpring Mezzanine (NewSpring Capital), Parkway Capital (Calvert Street), Lowe Capital, Spring Capital, Pete Vrettakos, and Incorp's senior management team. Incorp, an Evansville, Indiana-based specialty contractor providing insulation, scaffolding and multi-craft industrial services, will use the proceeds to expand service lines and geographic coverage to support organic and acquisitive growth.

First Mid Bancshares Acquires Delta Bancshares and St. Louis Loan & Deposit Portfolio

July 29, 2021

Financial Services

First Mid Bancshares, Inc. (NASDAQ: FMBH) agreed to acquire Delta Bancshares Company, the parent of Jefferson Bank and Trust, in a transaction valued at approximately $106.3 million in aggregate consideration (cash and stock). In a separate agreement, First Mid also agreed to acquire approximately $225 million in loans and $280 million in deposits plus the relationship team from a separate St. Louis-area financial institution, expanding First Mid's presence in the St. Louis market.

First Mid Bancshares Acquires Blackhawk Bancorp

March 21, 2023

Financial Services

First Mid Bancshares, Inc. will acquire 100% of Blackhawk Bancorp, Inc. in a stock-for-stock merger in which Blackhawk shareholders will receive 1.15 shares of First Mid common stock for each share of Blackhawk common stock (aggregate consideration of approximately $90.3 million based on First Mid's March 20, 2023 share price). The transaction expands First Mid's footprint with Blackhawk's 10 branches in Wisconsin and Illinois, is expected to close in the second half of 2023 subject to regulatory and shareholder approvals, and is projected to be accretive to EPS with significant cost savings and liquidity benefits.

Mid Penn Bancorp Acquires William Penn Bancorporation

April 30, 2025

Financial Services

Mid Penn Bancorp, Inc. completed its all-stock acquisition of William Penn Bancorporation on April 30, 2025 in a transaction valued at approximately $120 million. The merger combines William Penn Bank into Mid Penn Bank, expands Mid Penn’s footprint into the Greater Philadelphia and Southern New Jersey regions, and results in consolidated assets of about $6.3 billion; William Penn’s CEO Kenneth J. Stephon joins Mid Penn’s board and senior leadership.

Hub International Acquires Midland Agency Insurance Corporation

March 11, 2022

Insurance

Hub International Limited has acquired the assets of Midland Agency Insurance Corporation, a Columbia, South Carolina-based insurance agency that specializes in agribusiness insurance. The deal (terms undisclosed) will integrate Midland's team into Hub Carolinas and strengthen Hub's agribusiness and specialty insurance capabilities in the region.