This year has already been the busiest since the financial crisis for US bank mergers; and it’s not over yet. September saw Citizens add to its already busy roster with the $149 million purchase of JMP Group, while at the other end of the scale, US Bancorp announced an $8 billion acquisition of most of MUFG Union Bank.
Earlier in the year Citizens announced the acquisitions of Investors Bancorp and HSBC’s east coast branch network and national online deposits platform, and closed its deal to buy valuation consulting firm Willamette Management Associates.
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