Intesa Sanpaolo Acquires First Bank (Romania) from J.C. Flowers

J.C. Flowers & Co. Acquires Insurance Broker Caleas Srl

July 31, 2025

Financial Services

Investment vehicles affiliated with J.C. Flowers & Co. have acquired Milan-based insurance brokerage Caleas Srl. The founders/management will retain a minority stake; the deal is part of J.C. Flowers' roll-up strategy in the Italian insurance market to expand its SME and corporate insurance capabilities.

J.C. Flowers Acquires wefox Italia

June 16, 2025

Financial Services

J.C. Flowers & Co., a private investment firm focused on financial services, has completed the acquisition of wefox Italia, an Italian insurtech and managing general agent. The company will continue to operate independently under its existing leadership, with a focus on technological innovation and growth in the Italian insurance market; terms were not disclosed.

PNC Financial Services Acquires FirstBank Holding Company for $4.1 Billion

January 6, 2026

Financial Services

PNC Financial Services Group has agreed to acquire FirstBank Holding Company (parent of FirstBank) for about $4.1 billion in a cash-and-stock transaction. The deal expands PNC’s footprint in Colorado and Arizona, with FirstBank’s 95 branches expected to increase PNC’s presence to about 120 branches in Colorado and more than 70 in Arizona.

J.C. Flowers Acquires Pepper Advantage from Pepper Global

November 5, 2024

Financial Services

Pepper Advantage, a global credit management firm, has agreed to be sold by its owner Pepper Global to J.C. Flowers & Co., subject to regulatory approvals and customary closing conditions. The transaction is expected to complete in the first quarter of 2025, with Pepper Advantage continuing to operate as an independent entity under its existing management team.

Fulton Bank (Fulton Financial) Acquires Assets and Deposits of Republic First Bank from the FDIC

April 26, 2024

Financial Services

Fulton Financial Corporation’s bank subsidiary, Fulton Bank, N.A., has acquired substantially all of the assets and assumed substantially all of the deposits of Republic First Bank (d/b/a Republic Bank) from the Federal Deposit Insurance Corporation. The FDIC-assisted transaction adds approximately $6.0 billion of assets and roughly $4.0 billion of deposits to Fulton and significantly expands Fulton’s presence in the Philadelphia market.

First Financial Bancorp to Acquire BankFinancial Corporation

January 1, 2026

Financial Services

First Financial Bancorp agreed to acquire Chicago-based BankFinancial Corporation in an all-stock transaction valued at approximately $142 million. The deal is intended to expand First Financial’s presence in the Chicago market, adding 18 financial centers and BankFinancial’s consumer, trust/wealth management, and selected commercial lending capabilities.