(Reuters) -U.S. regional banks are ramping up mergers, fueled by expectations of a lighter regulatory approach under the Trump administration and the quest for bigger balance sheets that will help compete better against larger lenders amid economic and operational pressures.
On Monday, in the biggest U.S. bank deal this year, Fifth Third Bancorp agreed to buy regional lender Comerica in an all-stock deal for $10.9 billion, creating the ninth-largest lender in the country.
Here is an overview of the biggest deals in the space this year:
Target Acquirer Deal Value Date
Announced
Pinnacle Financial $8.6 24-Jul
Synovus Partners billion
Financial*
PNC Financial $4.1 8-Sep
FirstBank billion
Columbia Banking $2 billion 23-Apr
Pacific Premier System
Bancorp
Huntington $1.9 14-Jul
Veritex Bancshares billion
Seacoast Banking $710.8 29-May
Villages Corporation of million
Bancorporation Florida
Commerce $585 16-Jun
Finemark Bancshares million
Eastern Bankshares $490 24-Apr
HarborOne Bancorp million
Dogwood State TowneBank $476.2 19-Aug
Bank million
Guaranty Glacier Bancorp $476.2 24-Jun
Bancshares million
Southern States FB Financial $381 31-Mar
Bancshares million
Vista Bancshares National Bank $369.1 15-Sep
Holdings million
Westfield Bancorp First Financial $325 23-Jun
Bancorp million
American Bank Prosperity $321.5 18-Jul
Bancshares million
Bank of Idaho Glacier Bancorp $245.4 13-Jan
million
ESSA Bancorp CNB Financial $214 10-Jan
million
Provident Bancorp NB Bancorp $211.8 5-Jun
million
First IC MetroCity $206 17-Mar
Bankshares million
Old Point TowneBank $203 3-Apr
Financial million
* Merger of equals
Source: LSEG, Reuters compilation
(Reporting by Arasu Kannagi Basil, Ateev Bhandari and Pritam Biswas in Bengaluru; Editing by Sriraj Kalluvila)