Valley National Bank agreed to acquire Bluevine for $340 million, adding $2.1 billion in deposits that will transfer from partner bank Coastal Community Bank to the $66 billion-asset lender in the first half of 2027. Bluevine's 1.44% cost of deposits compares with Valley's 2.28%, and the deal brings about 180 R&D employees plus an AI-heavy platform that resolves roughly 80% of inbound inquiries automatically.
Irvine, California-based Nano Banc was closed Friday by state regulators, with the FDIC appointed receiver and Sandy, Utah-based Sunwest Bank agreeing to assume most of its assets, deposits and loans. Nano's single branch reopened Monday as a Sunwest location. Regulators cited deteriorating finances, a multi-year pattern of executive mismanagement and a $75.3 million net loss.
Peoples Bancorp received all necessary regulatory approvals for its merger with Citizens National Corporation and its Citizens Bank of Kentucky subsidiary; Citizens shareholders approved the deal in August.
World Insurance Associates acquired the business of Hingham, Massachusetts-based American Insurance Agency, expanding its greater Boston presence. Terms were not disclosed.
S-Bank Plc said 32,088,337 shares were validly tendered in its voluntary recommended public cash tender offer for Oma Savings Bank Plc, representing about 96.58% of all issued and outstanding shares and votes, excluding treasury shares. The offer, announced July 9 and open from July 17, expired September 25. S-Bank will confirm the final result on or about September 30.
Valley National Bancorp has agreed to acquire Bluevine, a nationwide digital banking platform for small businesses founded in 2013. The deal brings Valley $2.1 billion of low-cost, digitally sourced deposits, roughly 175,000 active small business customers, and an integrated suite of banking, payments and lending products. Bluevine's platform deposits have grown at about a 35% compound annual rate since 2023, with roughly 99% coming from non-borrowing customers.
California regulators closed Irvine-based Nano Banc on September 25 and the FDIC handed the franchise to Sunwest Bank, which assumed roughly $605 million of deposits and $227 million of loans. Customers keep immediate access to their money, and branches reopen under the Sunwest name on Monday. It is the sixth FDIC-assisted acquisition for Sunwest, a privately held bank with more than $5 billion in assets.
CAPTRUST Financial Advisors added New York-based Compass Advisors and Long Island Wealth Management, bringing seven professionals and a combined $1.2 billion in assets.
Dubai-founded Huspy acquired Italian credit company Integra Finance as the first step of a planned USD 86 million investment in Italy's mortgage and real estate market.
MoonPay signed a definitive merger agreement to acquire private-markets infrastructure and brokerage platform North Capital, which will become a wholly owned subsidiary.
Cerity Partners announced plans to merge with the Contant-Leit and Wacht Groups of Shufro Rose & Co., New York wealth advisory practices managing roughly $1.4 billion in assets.
Merit Financial Advisors acquired the Deerfield, Illinois practice of veteran advisor Tim Brennan, which oversees roughly $888 million in client assets.
Cerity Partners will merge with West Des Moines-based wealth manager Gilbert & Cook, which contributes roughly $2 billion in assets, effective end of September.
FFI Solutions and Oakledge Advisors announced intent to combine under a newly formed parent company, subject to definitive agreements and customary closing conditions.
S&P Global entered an agreement to acquire OpenZeppelin, a provider of onchain security assessments and smart contract libraries; terms were not disclosed.
Bank7 Corp. agreed to acquire 100% of Century Financial Services Corporation, parent of Santa Fe-based Century Bank, creating a company with about $3.3 billion in total assets.
BNCCORP stockholders approved its cash-and-stock sale to OppFi, under which holders receive $19.375 per share plus 1.9 OppFi Class A shares; closing awaits regulatory approvals.
Arthur J. Gallagher & Co. acquired Englewood, Colorado-based McMillan Insurance & Bonding, dba Innovise Business Consultants; terms were not disclosed.
Creative Planning signed a definitive agreement to acquire RVK, a Portland-based institutional investment consulting firm advising about 200 clients with roughly $4.3 trillion in assets.