SouthPoint Bancshares Acquires Merchants Financial Services

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.

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.

Merchants & Marine Bancorp Acquires Mississippi River Bank

September 20, 2023

Financial Services

Merchants & Marine Bancorp, Inc. (MNMB) signed a definitive agreement to acquire Mississippi River Bank, a Belle Chasse, Louisiana-based community bank with approximately $127.7 million in assets. Mississippi River Bank will continue to operate under its existing brand as a division of Merchants & Marine Bank; the target's CEO Mike Bush and President/COO Lisa Works will remain in their roles. The acquisition is subject to shareholder and regulatory approvals and is expected to close in Q1 2024.

Mercantile Bank Corporation Completes Merger with Eastern Michigan Financial Corporation

January 2, 2026

Financial Services

Mercantile Bank Corporation (NASDAQ: MBWM) has completed its previously announced merger with Eastern Michigan Financial Corporation, bringing Eastern Michigan Bank under Mercantile's bank holding company. Eastern shareholders will receive $32.32 in cash and 0.7116 shares of Mercantile common stock per Eastern share; the combined organization will have approximately $6.9 billion in total assets and Eastern Michigan Bank will operate alongside Mercantile Bank until planned consolidation in Q1 2027, subject to regulatory approvals.

Bain Capital and ADIA Acquire Merchants Fleet with Management Co-Investment

October 19, 2022

Transportation

Bain Capital and a wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA), together with the Merchants Fleet leadership team, completed the acquisition of Merchants Automotive Group (d/b/a Merchants Fleet and Merchants Auto). The management team will remain in place as co-investors; the transaction provides capital to accelerate Merchants' growth, technology initiatives and fleet electrification efforts and was supported by a $3 billion financing program arranged by Ares and others.

Fiserv Acquires Remaining 49.9% Stake in AIB Merchant Services

September 5, 2025

Payments & Fintech

Fiserv has completed the acquisition of the remaining 49.9% of AIB Merchant Services from AIB Group, taking full ownership of the Ireland-based payments acquirer. The deal supports Fiserv's expansion into the broader European market and enables wider deployment of its Clover point-of-sale platform across the region; AIB will continue to refer businesses needing card acquiring services to Fiserv on an exclusive basis.