Scotiabank Agrees to Acquire 14.9% Equity Stake in KeyCorp

Colony Bankcorp to Acquire TC Bancshares (TC Federal Bank)

July 23, 2025

Financial Services

Colony Bankcorp, Inc. agreed to acquire 100% of the common stock of TC Bancshares, Inc. in a combined stock-and-cash transaction valued at approximately $86.1 million. The merger is intended to create a stronger community banking franchise focused on enhanced customer service and expanded capabilities and is expected to close on or about December 1, 2025 after approvals.

Warburg Pincus Acquires Majority Stake in Keystone Agency Partners; Bain Capital Reinvests

July 16, 2025

Financial Services

Warburg Pincus will acquire a majority stake in Keystone Agency Partners through a private transaction. Bain Capital, which originally launched Keystone in 2020, will retain a minority position via a new investment from Bain Capital Insurance, and the deal is expected to close in Q3 2025 subject to regulatory approvals.

KeyBank Acquires XUP Payments

November 22, 2021

Financial Services

KeyBank National Association (KeyCorp) has acquired XUP Payments, a Charlotte-based B2B payments and Banking-as-a-Service platform. KeyBank will integrate XUP's onboarding, integrations, and payments technology to enhance its commercial payments capabilities and advance its embedded banking strategy.

Keweenaw Financial Corp (Superior National Bank) Acquires North Star Financial Holdings and Main Street Bank

February 20, 2020

Financial Services

Keweenaw Financial Corp., parent of Superior National Bank and Trust, completed the acquisition of North Star Financial Holdings, Inc. and its subsidiary Main Street Bank on February 4, 2020, in an all-cash transaction in which North Star shareholders received $42 million. The deal expands Superior National's geographic footprint into Southeast Michigan, increases overall assets and lending capacity, and broadens product offerings including mortgage capabilities.

KKR Acquires Chase Corporation for $1.3 Billion

November 15, 2023

Manufacturing

KKR, through an affiliate of investment funds, agreed to acquire Chase Corporation for $127.50 per share in an all-cash transaction valued at approximately $1.3 billion (including assumed debt). The deal is focused on supporting Chase’s growth and innovation, including an employee equity ownership program after close. The acquisition was successfully completed, and Chase common stock ceased trading on the NYSE American.

CIVC Partners Invests in KeyData Associates

July 21, 2021

Cybersecurity

CIVC Partners has made a growth equity investment in KeyData Associates to support the Toronto-headquartered identity security specialist’s expansion across adjacent cybersecurity services and to fund strategic add-on acquisitions. KeyData’s founder and CEO Rosa Caputo remains a significant stakeholder and will continue to lead the business as the firm scales its advisory, systems-integration and managed identity services across North America.