Community Financial System Agrees to Acquire ClearPoint Federal Bank & Trust for $40 Million

LPL Financial Adds Clear Pointe Wealth Management (Utah) to Its Wealth Platform

September 25, 2026

Wealth Management

LPL Financial added the financial advisors of Clear Pointe Wealth Management, a Salt Lake City-area wealth management practice. The advisors joined LPL’s broker-dealer, registered investment advisor, and custodial platforms while planning to retain their separate business identity and operate with a shared office.

Independent Bank Corporation Acquires HCB Financial Corp. (Highpoint Community Bank) for $70.2 Million

March 20, 2026

Financial Services

Independent Bank Corporation entered into a definitive merger agreement to acquire HCB Financial Corp., the parent of Highpoint Community Bank, in a cash-and-stock transaction valued at approximately $70.2 million. The deal is designed to expand Independent Bank’s presence across a key Michigan growth corridor between Grand Rapids and Lansing and strengthen its funding and product capabilities.

Franklin BSP Realty Trust Acquires NewPoint Holdings JV L.L.C.

July 1, 2025

Financial Services

Franklin BSP Realty Trust, Inc. (FBRT) has closed its acquisition of NewPoint Holdings JV L.L.C. (NewPoint) for $425 million. The deal expands FBRT's multifamily and agency lending capabilities, adding NewPoint's commercial real estate lending platform to FBRT's debt origination and servicing business.

TowneBank to Acquire Old Point Financial Corporation in $203 Million Merger

April 7, 2025

Financial Services

TowneBank and Old Point Financial Corporation announced an agreement and plan of merger in which TowneBank will acquire Old Point and Old Point National Bank. The all-cash or stock consideration values the deal at approximately $203 million based on Old Point’s outstanding common stock, and the transaction is expected to close in late 2025 subject to customary conditions.

Stone Point Capital Makes Growth Investment in ClearPoint Health

January 8, 2024

Healthcare Services

Stone Point Capital has announced a strategic growth investment in ClearPoint Health, a Columbia, South Carolina-based medical stop-loss captive platform that helps small and mid-sized employers and benefit advisors implement transparent, affordable employee health benefit programs. The capital will be used to accelerate ClearPoint's national expansion, scale its captive platform and deepen its advisor-first, clinically integrated stop-loss and benefits solutions.

Flexpoint Ford Acquires Majority Stake in Clearstead Advisors

October 8, 2021

Financial Services

Flexpoint Ford has agreed to acquire a majority stake in Clearstead Advisors, a Cleveland-based registered investment advisor with approximately $29 billion in assets under management and advisement. The investment, which will see current investor Rosemont Investment Partners exit its minority stake, is intended to accelerate Clearstead's organic growth and strategic acquisitions and is expected to close by year-end subject to regulatory approval.