
Trading Halted for Five Banks Ahead of Major Merger
Share trading for five Islamic banks in Bangladesh has been suspended following a central bank declaration of non-viability, initiating a major merger process.
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Share trading for five Islamic banks in Bangladesh has been suspended following a central bank declaration of non-viability, initiating a major merger process.

Huntington Bank has agreed to acquire Cadence Bank for $7.4 billion, a deal that expands its operations into 21 states across the South and Texas.

Nicolet National Bank has agreed to acquire MidWestOne Bank in an all-stock transaction valued at $864 million, creating a combined bank with $15 billion in assets.

Fifth Third Bank has announced a major U.S. expansion strategy following its $11 billion acquisition of Comerica, including plans to add 150 new branches in Texas.

Fifth Third Bank is acquiring Comerica for approximately $11 billion, creating the ninth-largest U.S. bank. The deal reflects industry consolidation and aims for significant Texas expansion.

Heritage Bank is acquiring Kitsap Bank, merging Washington's fifth and thirteenth largest banks by assets. This move expands Heritage Bank's market reach and enhances services.

Bangladesh Bank has outlined a repayment plan for depositors of five merging Islamic banks, prioritizing individuals with an insured payout of up to Tk2 lakh.