This website is using a security service to protect itself from online attacks. Excluding 2020, bankingM&A volume in 2022 slumped to its lowest level in six years. Clearsight also delivers strategic financial advisory and consulting capabilities. WebFind Litigation - Mergers and Acquisitions Lawyers in Brea, CA Welcome to the U.S. News Lawyer Directory powered by Best Lawyers . We revisit the idea with our board every year and just come to the conclusion that we can generate a top return for shareholders by focusing on our plan, he said. Regional Bank Mergers Face New Hurdles From U.S. Regulators, Cowen Says. To do this, the board needs an awareness of where the institution fits into the marketplace and who some likely targets or buyers might be. Since mid- February, the bank's price has soared 15%. Regions will maintain Clearsights headquarters office in McLean, as well as business offices in New York City and Dallas, Texas. Economic conditions for U.S. banks havent improved as much as investors and analysts had hoped. BIRMINGHAM, Ala.--(BUSINESS WIRE)--Regions Financial Corp. (NYSE:RF), the parent company of Regions Bank, on Friday announced it has entered into a definitive agreement to acquire Clearsight Advisors, Inc., a leading-edge mergers and acquisitions firm serving clients in the technology, professional services, data and information services, and digital and technology-enabled services industries. 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The most common acquirer mentioned amid the current speculation is Wachovia Corp., which has long been rumored to be eyeing the $14 billion- asset company. But First Bank ran into Significantly, average deal value fell nearly in half from $716 million in 2021 to $348 million in 2022, a 51.4% decrease. Brookfield Bancshares, Inc., Brookfield, Illinois; to become a bank holding company by acquiring the voting shares of First National Bank of Brookfield, Brookfield, Illinois. Now more than ever, players rightly see themselves as multi-faceted entrepreneurs, and seek ways to leverage their brands in everything from real estate to venture capital. Factors that could cause Regions Financials actual results to differ from those described in the forward-looking statements herein include: expected synergies, cost savings, and other financial or other benefits of the Clearsight transaction might not be realized within the expected timeframes or might be less than projected; difficulties in integrating Clearsights business; the continued or potential effects of the COVID-19 pandemic and related variants and mutations on Regions Financials business, financial condition, and results of operations; and risks identified in Regions Financials Annual Report on Form 10-K for the year ended December 31, 2020, and subsequent filings with the Securities and Exchange Commission. WebAccording to S&P Global Market Intelligence, 208 bank and thrift mergers with an aggregate deal value of $77.5 billion had surfaced through December 20, 2021, up from $28.1 billion in 2020 (when most banking activity stalled due to the pandemic) and $58.4 billion in 2019. Dec 09, 2022. The merger of Columbia and Umpqua has created a $52 billion-asset bank rooted in the Pacific Northwest. Athletes' ambitions don't end when they leave the field of play. *If you are having any difficulty accessing your account, please contact us at, Disclaimer and a note about Find a Lawyer and Legal Advice . The action you just performed triggered the security solution. Capital City Bank Group, Inc., Tallahassee, Florida; through its subsidiary bank, Capital City Bank, Tallahassee, Florida, to indirectly acquire an equity interest in SOLCAP 2022-1 LLC, Las Vegas, Nevada, and thereby engage in extending credit and servicing loans and more. Terms of the acquisition were not disclosed. New York Community Bancorp, Inc., which struck a deal for Flagstar Bancorp, Inc. for $2.6 billion in April 2021, finally closed the transaction in December 2022a total of nearly 19 months. Over the last decade, Clearsight has built a solid reputation as a comprehensive M&A firm serving business clients in the high-growth global knowledge economy. NationsBank rose $2.375 to $78.50, after increasing 87.5 cents Monday. 2023 banking and capital markets M&A outlook: Volatility seeds opportunity has been saved, 2023 banking and capital markets M&A outlook: Volatility seeds opportunity has been removed, An Article Titled 2023 banking and capital markets M&A outlook: Volatility seeds opportunity already exists in Saved items. Live from New York and Hong Kong, bringing you the essential stories from the close of the U.S. markets to the open of trading across Asia. Bloomberg Daybreak Asia. Joy A. Nelson Trust dated March 12, 2020, Joy A. Nelson, as trustee; Jamie Razum, individually and as custodian for a minor; and more, all of Geneva, Illinois; and more; to join the Nelson Family Control Group, a group acting in concert, to retain voting shares of Geneva Bancshares, Inc., and thereby indirectly retain voting shares of The State Bank of Geneva, both of Geneva, Illinois. Regions Bank Launches Business Travel Solution for Corporate Banking Clients, Regions Next Step Survey Finds Many Americans Arent Prepared for Medical Expenses, Regions Bank Launches Multi-Assets Solutions Group, Combining Investment Research Strengths of Regions and Highland Associates, Regions Bank Introduces Tuition-Free Education Benefits to All Associates through Guild, Regions Bank Named Military Friendly Employer and Military Spouse Friendly Employer, Expanding Financial Inclusion: Regions Bank Announces ATM Agreement with Community Development Financial Institutions, Regions Financial Scheduled to Participate in Goldman Sachs U.S. Financial Services Conference, Are Not Insured by Any Federal Government Agency, Are Not a Condition of Any Banking Activity. Regions does not monitor the linked website and has no responsibility whatsoever for or control over the content, services or products provided on the linked website. Terms were not disclosed. Cambray Mutual Holding Company and Gouverneur Bancorp, Inc. both of Gouverneur, New York; to become a mutual savings and loan company and stock subsidiary holding company of a mutual holding company, respectively, pursuant to section 10(e) of the Home Owners Loan Act, and more. But Mr. Coffey, noting that Regions' and Wachovia's territories do not overlap significantly, thinks a merger between the Alabama bank and Atlanta's SunTrust Banks Inc. makes more sense. It could be worthwhile to have a plan just in case. The words future, anticipates, assumes, intends, plans, seeks, believes, predicts, potential, objective, estimates, expects, targets, projects, outlook, forecast, would, will, may, might, could, should, can, and similar expressions often signify forward-looking statements. Do not delete! Youre about to leave Regions to use an external site. In fact, a record low number of transactions, and 2021 has seen a massive spike in transactions. Regions executives continue to look for opportunities to make an acquisition, potentially in corporate finance or wealth management, though prices for some companies are quite high, Chief Financial Officer David Turner said in an interview Friday. We share Clearsights innovative, client-driven focus on meeting complex financial needs through deep market knowledge, strong collaboration with our business partners, and a clear emphasis on providing an optimal client experience.. In connection with this application, BAWAG Group The merger of Columbia and Umpqua has created a $52 billion-asset bank rooted in the Pacific Northwest. The bank ended 2020 with more than $147 billion in assets. Similar to KeyCorp, its returns are not bad, but the bank has had very little loan growth over the last five years. Prior to the pandemic, Regions had seen its total deposit volume shrink between 2016 and 2019. Clearsight combines deep market insights across software, services and data. As a result, the year ahead likely will present stellar opportunities for traditional banks and payment processors unafraid to make bold, proactivealbeit well-consideredmoves. What Could Elon Musk Possibly Be Thinking? Regions will maintain Clearsights headquarters office in McLean, Virginia, as well as business offices in New York City and Dallas, Texas. By welcoming the experience and insights of Clearsight and its exceptional team, Regions Bank is further positioned to build on the holistic, consultative approach to service that we deliver to clients seeking to build on their growth and advance their business strategies, said Joel Stephens, head of Capital Markets for Regions Bank. Regions Financial Corporation (NYSE:RF), with $156 billion in assets, is a member of the S&P 500 Index and is one of the nations largest full-service providers of consumer and commercial banking, wealth management, and mortgage products and services. 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