American Banker, August 9, 2024, Bank Buyers Ramp Up In July, Raise Expectations For More M&A
Measured by deal value, five of the 20 largest deals so far this year were announced in July, including Tupelo, Mississippi-based Renasant Corp.’s $1.2 billion, all-stock bid for in-state peer The First Bancshares in Hattiesburg. It was the third-biggest deal of the year. Also in July, Wheeling, West Virginia-based WesBanco inked a $959 million, all-stock deal for Premier Financial in Defiance, Ohio, the fourth-largest M&A transaction of the year.
The biggest deal so far in 2024 was Winter Haven, Florida-based SouthState Corp.’s $2 billion, all-stock plan to acquire Independent Bank Group in McKinney, Texas.
