PROVEN Investments Acquires Fidelity Bank (Cayman) Limited

Fidelity Bank Plc to Acquire Union Bank UK

August 30, 2022

Financial Services

Fidelity Bank Plc has entered into a binding agreement to acquire 100% of Union Bank United Kingdom Limited (Union Bank UK), subject to approval from the UK Prudential Regulation Authority. The Central Bank of Nigeria has issued a letter of no objection; the deal represents Fidelity's first international expansion to broaden its trade and diaspora banking services.

Aviva Acquires Probitas Holdings (Bermuda) Limited

July 10, 2024

Insurance

Aviva plc has completed the acquisition of Probitas Holdings (Bermuda) Limited for £249 million, following regulatory approvals. The deal returns Aviva to the Lloyd’s/ specialty insurance market and expands its underwriting capabilities in property, casualty and specialty reinsurance markets.

Citizens Financial Group Acquires Investors Bancorp

April 7, 2022

Financial Services

Citizens Financial Group, Inc. has completed its acquisition of Investors Bancorp, Inc., merging Investors and Investors Bank into Citizens and Citizens Bank, National Association respectively. The deal adds more than 200 branches and over 1,600 employees, strengthening Citizens' retail and commercial banking presence across the New York City and Philadelphia metropolitan areas and throughout New Jersey.

Further Global Capital Management Acquires Majority Stake in Progeny

October 29, 2021

Wealth Management

US-based private equity firm Further Global Capital Management has acquired a majority stake in UK financial planning firm Progeny; financial terms were not disclosed. The investment is intended to accelerate Progeny's organic and inorganic growth, support its acquisition strategy, and fund investments in technology, learning and development, marketing and an advisor academy; Progeny's senior management will remain in place and the firm employs roughly 230 people.

Fulton Financial Corporation Acquires Prudential Bancorp, Inc.

May 23, 2022

Financial Services

Fulton Financial Corporation completed its acquisition of Prudential Bancorp, Inc., merging Prudential into Fulton in a stock-and-cash transaction and pledging $2.0 million to community causes in Philadelphia. The deal, which received required regulatory approvals, will ultimately merge Prudential Bank into Fulton Bank and expands Fulton’s presence in the Philadelphia market; Prudential shareholders received 0.7974 shares of Fulton plus $3.65 in cash per Prudential share.

Business First Bancshares Acquires Progressive Bancorp and Progressive Bank

January 5, 2026

Financial Services

Business First Bancshares, Inc. (the holding company for b1BANK) completed its acquisition of Progressive Bancorp, Inc. and its wholly owned subsidiary Progressive Bank. The deal expands b1BANK's presence across North Louisiana, adding nine locations and increasing Business First's total assets to approximately $8.7 billion.