United Bankshares to Acquire Piedmont Bancorp

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.

Atlantic Union Bankshares Acquires American National Bankshares

April 1, 2024

Financial Services

Atlantic Union Bankshares Corporation completed its merger with American National Bankshares Inc., effective April 1, 2024, in a stock-for-stock transaction valued at approximately $507 million. The deal expands Atlantic Union's footprint across Central, Western and Southern Virginia and provides entry into North Carolina's Piedmont Triad and Raleigh markets.

M&T Bank Corporation to Acquire People’s United Financial in $7.6 Billion All-Stock Deal

February 22, 2021

Financial Services

M&T Bank Corporation will acquire People’s United Financial in an all-stock transaction valued at approximately $7.6 billion. Under the definitive agreement, People’s United shareholders will receive 0.118 shares of M&T common stock for each share they own, and the combined company is expected to create a community-focused banking franchise across 12 states plus Washington, D.C.

Banc of California Acquires Pacific Mercantile Bancorp

March 22, 2021

Financial Services

Banc of California, Inc. entered into a definitive all-stock merger agreement to acquire Pacific Mercantile Bancorp in a deal valued at approximately $235 million. The acquisition was designed to expand Banc of California’s Southern California business banking franchise and create EPS accretion.

First Bancorp Acquires GrandSouth Bancorporation

January 1, 2023

Financial Services

First Bancorp (parent of First Bank) completed its acquisition of GrandSouth Bancorporation (the parent of GrandSouth Bank) effective January 1, 2023 in an all-stock merger (0.91 shares of First Bancorp per GrandSouth share). The deal expands First Bank's presence in South Carolina by adding GrandSouth's eight branches and is expected to accelerate First Bancorp's South Carolina growth, creating a combined company with approximately $12 billion in assets and 118 branches.

King Insurance Acquires Piedmont Insurance Associates

December 23, 2021

Insurance

King Insurance, a Gainesville, Florida-based full-service insurance brokerage, acquired Piedmont Insurance Associates, an independent insurance agency with offices in Covington and Newnan, Georgia. The acquisition is King's first expansion outside Florida and continues its roll-up strategy following a partnership with investor BHMS Investments, LP.