Moniepoint Acquires Sumac Microfinance Bank to Enter Kenya

Nicolet Bankshares Acquires Mackinac Financial Corporation (mBank)

April 12, 2021

Financial Services

Nicolet Bankshares, Inc. agreed to acquire Mackinac Financial Corporation and its wholly owned subsidiary mBank in a transaction valued at approximately $248 million. The deal, consisting of roughly 80% stock and 20% cash, expands Nicolet's community banking footprint into Northern Michigan and is expected to close in Q3 2021 subject to regulatory and shareholder approvals.

CrossCountry Mortgage Acquires Summit Funding

March 20, 2026

Financial Services

CrossCountry Mortgage entered into an agreement to acquire Summit Funding, a privately held mortgage banker and servicer headquartered in Sacramento, California. The companies say the combination will expand scale and geographic reach while giving Summit Funding’s loan originators more tools, technology, and growth opportunities.

Flutterwave Acquires Mono to Expand Open Banking Infrastructure Across Africa

January 5, 2026

Payments & Fintech

Flutterwave has acquired Mono, a Lagos-based open banking infrastructure provider, to deepen its bank-based and authenticated payment capabilities across African markets. Mono will continue to operate independently while its APIs for financial data access, identity verification, and account-to-account payments are integrated into Flutterwave's payments ecosystem to improve onboarding, reduce fraud, and enable richer bank-enabled payment flows.

Banco Macro S.A. Acquires Banco Sáenz S.A.

March 20, 2026

Financial Services

Banco Macro S.A. entered into a stock/share purchase agreement to acquire 100% of Banco Sáenz S.A. from the named sellers, with closing subject to Central Bank approval in Argentina. The deal is part of Banco Macro’s expansion into the digital ecosystem and is expected to position Banco Sáenz as a banking platform for digital wallet growth.

SouthPoint Bancshares Acquires Merchants Financial Services

January 6, 2022

Financial Services

SouthPoint Bancshares, Inc. completed a strategic merger with Merchants Financial Services, Inc., with SouthPoint as the surviving entity. Merchants Bank of Alabama was merged into SouthPoint Bank as a division, creating a combined organization with over $1.0 billion in assets, approximately $0.9 billion in deposits and 10 branches, extending SouthPoint’s franchise along the I‑65 corridor into Cullman, Hanceville and Arab, Alabama.

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.