Latest Corporate News
Pinnacle Financial Completes $117B Merger with Synovus
Pinnacle Financial Partners merged with Synovus, forming a $117.2B bank with $95.7B deposits and $80.4B loans; new PNFP shares started NYSE trading January 2. CEO Kevin Blair highlighted the union of legacies for growth and client focus, with systems integration planned for early 2027.
The deal, announced in July 2025, enhances Pinnacle's scale as the fastest-growing regional bank.
First Financial Bancorp Acquires Chicago's BankFinancial
First Financial completed its all-stock acquisition of BankFinancial, adding 18 Chicago financial centers and boosting assets to $22B. CEO Archie Brown emphasized growth opportunities in consumer and commercial services.
BankFinancial branches operate under their name until June 2026 conversion.
Rayonier Schedules Shareholder Vote on PotlatchDeltic Merger
Rayonier Inc. set a January 27 special meeting for shareholders to vote on its merger of equals with PotlatchDeltic Corp., aiming for Q1 2026 completion. The deal follows negotiations after Rayonier's New Zealand timber sale, with new HQ in Atlanta.
Both companies hold concurrent virtual meetings.
Equity Bancshares Merges with Frontier Bank, Enters Nebraska
Equity Bancshares completed its merger with Frontier Holdings, parent of Frontier Bank, effective January 1, expanding into Nebraska. This strengthens Equity's regional presence in the Midwest.
The NYSE-listed EQBK now integrates Frontier's operations.
MetLife Closes Acquisition of PineBridge Investments
MetLife Investment Management acquired PineBridge Investments, managing a combined $734.7B in assets globally. The deal, aligning with MetLife's New Frontier strategy, adds PineBridge's international footprint, excluding private equity and China JV.
CFO John McCallion noted enhanced capabilities for market challenges.
First Financial Bancorp's $142M BankFinancial Deal Closes
First Financial Bancorp finalized its $142M all-stock purchase of Chicago-based BankFinancial, enhancing Midwest commercial and consumer banking. This builds on recent expansions in Ohio, Michigan, and Illinois.
Client services remain uninterrupted during integration.
Permira and Warburg Pincus to Acquire Clearwater Analytics
Permira and Warburg Pincus announced a merger to acquire Clearwater Analytics, with a 'go-shop' period until January 23. The deal targets the investment data platform's growth in asset management.
Clearwater can solicit alternative offers during this phase.
Michelin Announces Acquisitions of Cooley Group and Tex Tech
Michelin reached agreements to acquire Cooley Group, specialist in coated fabrics, and Tex Tech Industries for polymer composite solutions. These moves over the past two months reinforce Michelin's advanced materials business.
The projects aim to bolster industrial applications.
Comply365 Acquires Aviation Training Provider MINT Software
Comply365 announced the acquisition of MINT Software Systems, a provider of aviation training management solutions. This enhances Comply365's offerings in aviation compliance and operations.
The deal supports digital transformation in the sector.