Alston & Bird

The First Bancshares, Inc. and Heritage Southeast Bancorporation, Inc. Announce Proposed Merger Transaction

Retrieved on: 
Wednesday, July 27, 2022
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Upon the completion of the acquisition, Heritage Southeast Bank will merge with and into The First Bank.

Key Points: 
  • Upon the completion of the acquisition, Heritage Southeast Bank will merge with and into The First Bank.
  • "Heritage Southeast Bank is a true community bank with an experienced, well respected team of local bankers invested in the communities they serve.
  • Heritage Southeast Bancorporation, Inc. serves as the holding company for Heritage Southeast Bank, which is headquartered in Jonesboro, GA and operates under the names Heritage Bank, The Heritage Bank, and Providence Bank in its various markets.
  • The Company will also file other documents with the SEC with respect to the proposed merger, pursuant to SEC reporting requirements.

Bank First Corporation Signs Definitive Agreement to Acquire Hometown Bancorp, Ltd

Retrieved on: 
Tuesday, July 26, 2022
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MANITOWOC, Wis. and FOND DU LAC, Wis., July 26, 2022 /PRNewswire/ -- Bank First Corporation (Nasdaq: BFC) ("Bank First" or "the Company"), the holding company of Bank First, N.A., announced today the signing of an Agreement and Plan of Merger with Hometown Bancorp, Ltd. ("Hometown"), parent company of Hometown Bank, a Wisconsin state-chartered bank, under which Bank First has agreed to acquire 100% of the common stock of Hometown in a combined stock-and-cash transaction.

Key Points: 
  • Tim McFarlane, President & CEO of Hometown, to join Bank First as President and will join the Board of Directors of Bank First, N.A.
  • MANITOWOC, Wis. and FOND DU LAC, Wis., July 26, 2022 /PRNewswire/ -- Bank First Corporation (Nasdaq: BFC) ("Bank First" or "the Company"), the holding company of Bank First, N.A., announced today the signing of an Agreement and Plan of Merger with Hometown Bancorp, Ltd. ("Hometown"), parent company of Hometown Bank, a Wisconsin state-chartered bank, under which Bank First has agreed to acquire 100% of the common stock of Hometown in a combined stock-and-cash transaction.
  • Bank First Corporation is a bank holding company headquartered in Manitowoc, Wisconsin with total assets of approximately $2.9 billion.
  • Its principal activities are the ownership and management of its wholly owned subsidiary, Hometown Bank.

BAI Communications accelerates US growth with agreement to acquire digital infrastructure provider ZenFi Networks

Retrieved on: 
Tuesday, July 26, 2022
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NEW YORK, July 26, 2022 /PRNewswire/ -- BAI Communications (BAI), a global shared communications infrastructure provider, has agreed to acquire ZenFi Networks , an East coast based provider of digital infrastructure solutions and innovator in small cell deployment, offload & roaming services, fibre connectivity and network edge colocation.

Key Points: 
  • NEW YORK, July 26, 2022 /PRNewswire/ -- BAI Communications (BAI), a global shared communications infrastructure provider, has agreed to acquire ZenFi Networks , an East coast based provider of digital infrastructure solutions and innovator in small cell deployment, offload & roaming services, fibre connectivity and network edge colocation.
  • This agreement represents a significant growth opportunity for BAI in North America, building upon its existing connected infrastructure capability and operations in the region driven by BAI Group companies Mobilitie and Transit Wireless .
  • Igor Leprince,Group CEO of BAI Communications, said: "ZenFi Networks is a long established and high performing player in the wireless infrastructure sector.
  • Commenting on the agreement, Ray LaChance, Co-Founder and CEO of ZenFi Networks, said: "We are very excited about this acquisition and joining the BAI Group.

BAI Communications accelerates US growth with agreement to acquire digital infrastructure provider ZenFi Networks

Retrieved on: 
Tuesday, July 26, 2022
BAI, Champion Bay Group, Group, Acquisition, CPP, LinkNYC, ZenFi Networks, United Kingdom, Appetite, Great Bay Community College, CPP Investment Board, Twitter, Alston & Bird, Telecommunication, CEO, Government, Solution, J.P. Morgan & Co., Sustainability, Alberta Investment Management Corporation, City, Architecture, Leadership, Mobile network operator, YouTube, Senior, LinkedIn, Head, Aimco, Transit Wireless, Investment, Entrepreneurship, IOT, Growth, Renewable energy, Retail, Financial adviser, Mobile phone

NEW YORK, July 26, 2022 /PRNewswire/ -- BAI Communications (BAI), a global shared communications infrastructure provider, has agreed to acquire ZenFi Networks , an East coast based provider of digital infrastructure solutions and innovator in small cell deployment, offload & roaming services, fibre connectivity and network edge colocation.

Key Points: 
  • NEW YORK, July 26, 2022 /PRNewswire/ -- BAI Communications (BAI), a global shared communications infrastructure provider, has agreed to acquire ZenFi Networks , an East coast based provider of digital infrastructure solutions and innovator in small cell deployment, offload & roaming services, fibre connectivity and network edge colocation.
  • This agreement represents a significant growth opportunity for BAI in North America, building upon its existing connected infrastructure capability and operations in the region driven by BAI Group companies Mobilitie and Transit Wireless .
  • Igor Leprince,Group CEO of BAI Communications, said: "ZenFi Networks is a long established and high performing player in the wireless infrastructure sector.
  • Commenting on the agreement, Ray LaChance, Co-Founder and CEO of ZenFi Networks, said: "We are very excited about this acquisition and joining the BAI Group.

Lido Advisors Announces Acquisition of Enterprise Trust & Investment Company to Further Expand its Wealth Management Platform

Retrieved on: 
Wednesday, June 15, 2022
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Lido Advisors, LLC (Lido), a leading wealth management firm for high-net-worth individuals, announced today the key strategic acquisition of Enterprise Trust & Investment Company (ETIC).

Key Points: 
  • Lido Advisors, LLC (Lido), a leading wealth management firm for high-net-worth individuals, announced today the key strategic acquisition of Enterprise Trust & Investment Company (ETIC).
  • ETIC is a leading California-based trust company providing private trustee services and investment management to high-net-worth individuals and families, local foundations, and endowments.
  • The acquisition will enable Lido to expand its comprehensive wealth planning process designed to grow, protect, and maximize clients' wealth.
  • Enterprise Trust & Investment Company is a California-chartered trust company headquartered in Los Gatos, California, with approximately $800 million in assets under management.

Prologis to Combine with Duke Realty in $26 Billion All-Stock Transaction

Retrieved on: 
Monday, June 13, 2022
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SAN FRANCISCO and INDIANAPOLIS, June 13, 2022 /PRNewswire/ -- Prologis, Inc. (NYSE: PLD) and Duke Realty Corporation (NYSE: DRE) today announced that the two companies have entered into a definitive merger agreement by which Prologis will acquire Duke Realty in an all-stock transaction, valued at approximately $26 billion, including the assumption of debt. The respective board of directors for Prologis and Duke Realty have unanimously approved the transaction.

Key Points: 
  • The respective board of directors for Prologis and Duke Realty have unanimously approved the transaction.
  • Prologis plans to hold approximately 94% of the Duke Realty assets and exit one market.
  • Under the terms of the agreement, Duke Realty shareholders will receive 0.475x of a Prologis share for each Duke Realty share they own.
  • These forward-looking statements are based on current expectations, estimates and projections about the industry and markets in which Prologis and Duke Realty operate as well as beliefs and assumptions of Prologis and Duke Realty.

Alera Group Wealth Services Acquires Wharton Business Group

Retrieved on: 
Wednesday, June 8, 2022
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Alera Group Wealth Services, a division of Alera Group, a top independent, national insurance and wealth services firm, today announced the acquisition of Wharton Business Group (WBG), an employee-owned wealth services firm in Pennsylvania that manages more than $3.5 billion in assets for business owners and institutions.

Key Points: 
  • Alera Group Wealth Services, a division of Alera Group, a top independent, national insurance and wealth services firm, today announced the acquisition of Wharton Business Group (WBG), an employee-owned wealth services firm in Pennsylvania that manages more than $3.5 billion in assets for business owners and institutions.
  • This acquisition significantly increases AUM for Alera Group Wealth Services.
  • Wharton Business Group has more than 30 years of experience serving clients and is an exciting addition to our national wealth services platform, said Alan Levitz, CEO of Alera Group.
  • Alera Group Wealth Services, a division of Alera Group, is dedicated to enhancing the financial security of clients through a holistic suite of services to address the financial planning, investment and wealth management needs of individuals and families.

New Ownership for Central Flying Service

Retrieved on: 
Wednesday, May 25, 2022
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Arkansas oldest aviation firm, Central Flying Service (Central or the Company) of Little Rock, is under new management.

Key Points: 
  • Arkansas oldest aviation firm, Central Flying Service (Central or the Company) of Little Rock, is under new management.
  • Central Flying Service is an FAA authorized and licensed Maintenance, Repair and Overhaul (FAA Part 145) services provider as well as avionics repairs and installation services and aircraft painting.
  • Central Flying Service will maintain its headquarters at Bill and Hillary Clinton National Airport in Little Rock, Arkansas.
  • Simmons Bank of Little Rock provided debt funding and will remain Central Flying Services banking partner.

Colony Bankcorp Completes $40 Million Subordinated Note Offering

Retrieved on: 
Monday, May 23, 2022
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Colony Bankcorp, Inc. (NASDAQ: CBAN) (Colony or the Company), the parent company of Colony Bank, announced today the completion of its private placement of $40 million in fixed-to-floating rate subordinated notes due 2032 (the Notes) on May 20, 2022.

Key Points: 
  • Colony Bankcorp, Inc. (NASDAQ: CBAN) (Colony or the Company), the parent company of Colony Bank, announced today the completion of its private placement of $40 million in fixed-to-floating rate subordinated notes due 2032 (the Notes) on May 20, 2022.
  • We also view this raise as an appropriate addition to the capital stack after our common equity raise in February.
  • Performance Trust Capital Partners, LLC served as the sole placement agent for the offering.
  • Colony Bankcorp, Inc. is the bank holding company for Colony Bank.

SMART DATA SOLUTIONS HOSTS 2022 CUSTOMER SYMPOSIUM

Retrieved on: 
Friday, May 13, 2022
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ST. PAUL, Minn., May 13, 2022 /PRNewswire/ -- Smart Data Solutions (SDS), a leading provider of data management, claim routing and workflow solutions to Health Plans and TPAs, has successfully completed their sixteenth Customer Symposium, the first since 2018.

Key Points: 
  • ST. PAUL, Minn., May 13, 2022 /PRNewswire/ -- Smart Data Solutions (SDS), a leading provider of data management, claim routing and workflow solutions to Health Plans and TPAs, has successfully completed their sixteenth Customer Symposium, the first since 2018.
  • As in previous years, the Symposium was hosted by Smart Data Solutions' Co-CEOs, Pat Bollom and John Prange, who also spoke at the event.
  • Smart Data Solutions has focused on creating innovative solutions specifically to meet the needs of the healthcare market.
  • For more information about Smart Data Solutions please visit our website at www.sdata.us or contact us at 651.894.6400.