trending Market Intelligence /marketintelligence/en/news-insights/trending/IVCkChfoaSJuYuK2XcD_1w2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us
In This List

Meridian Bank plans holdco formation

Banking Essentials Newsletter December Edition Part 2

Banking Essentials Newsletter - November Edition

University Essentials | COVID-19 Economic Outlook in Banking: Rates and Long-Term Expectations: Q&A with the Experts

Estimating Credit Losses Under COVID-19 and the Post-Crisis Recovery

Meridian Bank plans holdco formation

Malvern, Pa.-based Meridian Bank has applied to form a holding company — a restructuring that its board expects will provide financing flexibility, protection from hostile takeovers and ability to engage in nonbanking activities.

The reorganization is subject to regulatory approvals. The bank's shareholders on May 25 voted 77.16% of shares in favor of Meridian's merger into an interim entity as part of the reorganization process.

The proposed holding company will be named Meridian Corp.