US regional banking franchises are still getting plenty of attention from would-be acquirors. On December 20, 2021, Canada’s Bank of Montreal announced its acquisition of Bank of the West from BNP Paribas for $16.3 billion in cash.
Among others under way is US Bancorp’s $8 billion acquisition of most of MUFG Union Bank, announced in late September.
The deals follow a string of mergers involving regional banks that was kicked off by the purchase of BBVA’s US banking network by PNC Financial Services in an eye-catching $11.6
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