Beacon Credit Union Acquires Mid-Southern Savings Bank, FSB

Michigan State University Federal Credit Union Acquires Algonquin State Bank

August 31, 2023

Financial Services

Michigan State University Federal Credit Union (MSUFCU) has entered into a definitive purchase and assumption agreement to acquire substantially all assets and assume substantially all liabilities of Algonquin State Bank and its parent, First Algonquin Company. The transaction, which is subject to customary regulatory and shareholder approvals and expected to close in late Q1 2024, expands MSUFCU’s presence in the Chicago market and increases its Illinois footprint to 10 branches (35 branches across two states) and contributes to a combined institution with roughly $8.3 billion in assets.

Berkshire Hills Bancorp and Brookline Bancorp Merge To Form Beacon Financial Corporation (Beacon Bank)

September 2, 2025

Financial Services

Berkshire Hills Bancorp and Brookline Bancorp completed a merger of equals to form Beacon Financial Corporation, the parent of the newly branded Beacon Bank, headquartered in Boston. The combined regional bank has roughly $24 billion in assets, more than 145 branches across New England and New York, and expanded commercial, consumer, and wealth-management capabilities.

Southern Missouri Bancorp Acquires Citizens Bancshares for $140M

September 20, 2022

Financial Services

Southern Missouri Bancorp Inc., the parent of Southern Bank, agreed to acquire Kansas City–based Citizens Bancshares Co. in a stock-and-cash transaction valued at approximately $140 million. The deal, unanimously approved by both boards, gives Citizens shareholders a choice of shares or $53.50 cash per share, will add 14 branches in Missouri and is expected to be accretive to Southern Missouri Bancorp's EPS over the following fiscal years, subject to customary approvals.

United Bankshares Acquires Community Bankers Trust Corporation (Essex Bank)

December 3, 2021

Financial Services

United Bankshares, Inc. completed its acquisition of Community Bankers Trust Corporation, the parent company of Essex Bank, adding an organization with approximately $1.7 billion in assets and headquarters in the greater Richmond, Virginia region. The deal expands United’s Mid‑Atlantic footprint into additional Virginia and Maryland markets; former Community Bankers Trust President and CEO Rex L. Smith III was retained as a Regional President for the former Essex Bank locations.

DFCU Financial Acquires MidWestOne Bank's Florida Operations

June 10, 2024

Financial Services

DFCU Financial completed the acquisition of MidWestOne Bank's Florida operations, adding branches and customers in the Naples-Marco Island and Cape Coral–Fort Myers MSAs. The move expands DFCU's field of membership into Lee, Collier and Charlotte counties and brings MidWestOne’s Florida customers and employees into DFCU.

FB Financial Acquires Southern States Bancshares

June 30, 2025

Financial Services

FB Financial Corporation (parent of FirstBank) completed its merger with Southern States Bancshares, Inc., with Southern States shareholders receiving 0.800 shares of FB Financial common stock per share. The transaction implies an approximate equity value of $368.4 million and expands FB Financial's footprint into Alabama and Georgia; Southern States reported $2.9 billion in total assets as of March 31, 2025.