Bank of Hope to Acquire the Commercial Banking Unit of SMBC MANUBANK

U.S. Bancorp to Acquire MUFG Union Bank’s Core Regional Banking Franchise

September 16, 2022

Financial Services

U.S. Bancorp agreed to acquire MUFG Union Bank's core regional banking franchise from Mitsubishi UFJ Financial Group. The deal is designed to deepen U.S. Bank’s West Coast footprint, expand customer access to technology and services, and includes a five-year $100 billion community benefits plan. U.S. Bancorp has received all required U.S. regulatory approvals and expects to close before the end of 2022, pending Japanese regulatory approval and other closing conditions.

Prosperity Bancshares To Acquire American Bank Holding Corporation (American Bank)

January 1, 2026

Financial Services

Prosperity Bancshares, Inc. agreed to acquire American Bank Holding Corporation and American Bank, N.A. in an all-stock transaction valued at approximately $321.5 million. The merger was initially expected to close in late 2025 or early 2026, and it was ultimately completed effective January 1, 2026.

CBB Bancorp Acquires Ohana Pacific Bank

July 1, 2021

Financial Services

CBB Bancorp, Inc., the holding company of Commonwealth Business Bank, has completed its acquisition of Ohana Pacific Bank, adding two branch locations in Honolulu, Hawaii. The deal expands CBB's geographic footprint into Hawaii and is expected to provide new sources of core deposit and loan growth while Ohana continues to operate as a division under its existing leadership.

Republic Bancorp Acquires CBank (and subsidiary Commercial Industrial Finance)

October 27, 2022

Financial Services

Republic Bancorp, Inc. agreed to acquire Cincinnati-based CBank and its wholly owned leasing subsidiary, Commercial Industrial Finance, Inc. (CIF), in an all-cash merger valued at approximately $51 million. The deal expands Republic Bank's Cincinnati footprint and significantly broadens its equipment leasing capabilities and national leasing footprint; the transaction closed after customary approvals and integration planning.

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.

Cathay General Bancorp Acquires HSBC's West Coast Retail Banking Business

February 7, 2022

Financial Services

Cathay General Bancorp (through Cathay Bank) completed the purchase of HSBC Bank USA, N.A.'s West Coast mass retail consumer banking and retail business banking business, adding 10 retail branches in California and associated loans and deposits. The deal expands Cathay's branch network and consumer/business banking footprint on the U.S. West Coast.