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

FNB Corporation to Acquire UB Bancorp (Union Bank) in All-Stock Merger

July 21, 2022

Financial Services

UB Bancorp, parent of Union Bank, announced that it has signed a definitive merger agreement under which FNB Corporation will acquire UB Bancorp in an all-stock transaction. The deal is contemplated to close during the fourth quarter of 2022, subject to regulatory approval and UB Bancorp and FNB shareholder approvals.

BMO Financial Group to Acquire Bank of the West for $16.3 Billion

December 20, 2021

Financial Services

BMO Financial Group, together with its subsidiary BMO Harris Bank N.A., signed a definitive agreement to purchase Bank of the West and its subsidiaries from BNP Paribas. The $16.3 billion cash deal is expected to close by the end of calendar 2022, subject to customary regulatory approvals, and will expand BMO’s U.S. presence—especially in California.

First Financial Bancorp to Acquire BankFinancial Corporation

January 1, 2026

Financial Services

First Financial Bancorp agreed to acquire Chicago-based BankFinancial Corporation in an all-stock transaction valued at approximately $142 million. The deal is intended to expand First Financial’s presence in the Chicago market, adding 18 financial centers and BankFinancial’s consumer, trust/wealth management, and selected commercial lending capabilities.

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.

UMB Financial Corporation Acquires Heartland Financial USA, Inc.

April 29, 2024

Financial Services

UMB Financial Corporation completed its previously announced all-stock acquisition of Heartland Financial USA, Inc., creating a larger regional bank with approximately $68 billion in assets and expanded operations across 13 states. The deal (announced at an implied value of about $2.0 billion and using a 0.55 share exchange ratio) increases UMB's private wealth AUM by roughly 31–32%, adds more than 100 branches and ATMs, and brings HTLF operations onto UMB platforms before full brand conversion.

U.S. Bancorp to Acquire BTIG in up to $1 Billion Bolt-On Deal

January 12, 2026

Financial Services

U.S. Bancorp announced it has signed a definitive agreement to acquire BTIG, a privately held investment bank and brokerage firm, in a bolt-on transaction valued at up to $1 billion. The deal is designed to expand U.S. Bancorp’s capital markets capabilities, including institutional equity sales and trading, equity capital markets, electronic equity trading, and M&A advisory.