Hope Bancorp Completes Merger With Territorial Bancorp

Territorial Bancorp Merger With Hope Bancorp Contested by Yakira Capital and Competing Blue Hill Advisors Offer

October 10, 2024

Financial Services

Territorial Bancorp is pursuing a pending merger with Hope Bancorp, but Yakira Capital Management—an approximately 1.23% shareholder—urged Territorial’s board to reconsider and engage with a competing acquisition proposal from an investor consortium led by Blue Hill Advisors. Yakira argues Blue Hill’s proposal offers higher value (up to $12.50 per share, ~25% above the Hope deal) and is potentially more likely to close.

Heritage Financial Corporation Completes Acquisition of Olympic Bancorp, Inc. (and Kitsap Bank)

January 31, 2026

Financial Services

Heritage Financial Corporation completed its previously announced merger of Olympic Bancorp, Inc. with and into Heritage, effective January 31, 2026. As part of the transaction, Kitsap Bank merged with and into Heritage Bank and the acquired branches continued operating under the Kitsap Bank name.

Renasant to Merge With The First Bancshares

October 22, 2024

Financial Services

Renasant Corporation and The First Bancshares announced they have received all necessary regulatory approvals to complete the proposed merger. The companies expect to close the transaction on April 1, 2025, following shareholder approval previously obtained in October 2024.

Equity Bancshares Completes Merger with Frontier Holdings

January 1, 2026

Financial Services

Equity Bancshares, Inc. completed its merger with Frontier Holdings, LLC, the parent company of Frontier Bank, effective January 1, 2026. The deal expands Equity’s footprint into Nebraska by adding seven Frontier Bank locations, with systems consolidation expected in February 2026.

Heritage Bancshares to Acquire Fidelity State Bank and Trust Company

December 13, 2024

Financial Services

Heritage Bancshares, Inc. (Heritage Bank) and Fidelity Kansas Bankshares, Inc. jointly announced the signing of a stock purchase agreement under which Heritage Bancshares will acquire Fidelity State Bank and Trust Company. Following closing, Fidelity will be merged into Heritage Bank as the surviving entity, which is expected in Q2 2025 subject to customary approvals.

Colony Bankcorp to Acquire TC Bancshares (TC Federal Bank)

July 23, 2025

Financial Services

Colony Bankcorp, Inc. agreed to acquire 100% of the common stock of TC Bancshares, Inc. in a combined stock-and-cash transaction valued at approximately $86.1 million. The merger is intended to create a stronger community banking franchise focused on enhanced customer service and expanded capabilities and is expected to close on or about December 1, 2025 after approvals.