Topic: Bank M&A

Davis Polk advising on Regions Bank acquisition in US

Alabama-based Regions Bank has agreed to purchase financial services firm Sabal Capital Partners, as it aims to increase its presence in the commercial mortgage-backed securities loan market.

11 October 2021

Cuatrecasas advising on Andorran bank sale

Advised by Cuatrecasas Gonçalves Pereira, US investment firm JC Flowers is selling the Andorran bank it bought out of a bad bank-good bank scheme in 2016, shrinking the country’s bank population by a quarter.

30 September 2021

Wachtell Lipton and Davis Polk advising on latest US foreign bank sell-off

Tel Aviv-based Bank Leumi has agreed to sell its US arm to Valley National, the second time in the course of a week a regional US lender purchased the local operations of a foreign-owned bank.

27 September 2021

SullCrom and Simpson Thacher advising as MUFG sells US entity

Minneapolis-based US Bancorp has agreed to buy MUFG Union Bank, months after US president Joe Biden issued a sweeping executive order encouraging federal banking regulators to review current merger practices.

22 September 2021

PNC-BBVA deal approved amid calls for merger review

The United States Federal Reserve has approved Pittsburgh-based PNC’s purchase of Spanish bank BBVA’s US subsidiary, as Fed governor Lael Brainard calls for a “broader review” of the country’s merger review framework.

17 May 2021

ECB guidelines “facilitating” Spanish bank M&A as Unicaja and Liberbank merge

Portugal’s Novo Banco has divested its Spain-based businesses, while Spanish lenders Unicaja and Liberbank have won shareholder approval for their merger.

06 April 2021

Santander targets total ownership of Mexican unit, with Cleary advising

Spain’s Banco Santander is launching a bid to reacquire the remaining stake in the Mexican unit it sold almost a decade ago.

29 March 2021

Sullivan & Cromwell and Simpson Thacher advising on first Biden-era bank merger

New York-based M&T Bank has agreed to acquire People’s United in a US$7.6 billion deal – the first bank merger agreed since the Biden administration took office.

24 February 2021

Darrois Villey advising as BPCE seeks Natixis squeeze-out

French bank BPCE has filed with French regulators to take total control of its investment banking subsidiary Natixis.

10 February 2021

Baker McKenzie advising on three-way shariah bank merger

The three Islamic finance subsidiaries of Indonesia’s largest state-owned banks have merged to create Indonesia’s largest shariah financial institution.

02 February 2021

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