This week's editors' picks include a Data Dispatch on de novo bank filings and a deal profile for Blue Ridge Bankshares' acquisition of Virginia Community Bankshares.
Clover Partners exits 5 bank stakes, adds 6 in Q1
Dallas-based Clover Partners LP added six bank stocks to its portfolio in the first quarter of 2019, according to the firm's latest Form 13F.
BB&T cutting more branches than SunTrust in overlapping markets
BB&T Corp. and SunTrust Banks Inc. have closed a combined 116 branches since announcing the deal Feb. 7, according to S&P Global Market Intelligence data. BB&T branches made up about 74% of those closures.
De novo banks class of 2019 — Houston-based Gulf Capital Bank files
Houston-based Gulf Capital Bank filed to form a new bank, marking the eighth de novo application of 2019 and the first application in Texas this year.
Blue Ridge Bankshares to acquire Virginia Community Bankshares in $42.5M deal
Luray, Va.-based Blue Ridge Bankshares Inc. agreed to acquire Louisa, Va.-based Virginia Community Bankshares Inc. in a deal valued at about $42.5 million.
Fintech M&A Deal Tracker — Total deal values drop 97% YOY in April
The fintech industry conducted about $6.75 billion in deals in 2019 as of April 30, a steep drop from $37.62 billion as of the same date in 2018.