US EditionBigger Banks: Consolidation Continues
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Bigger Banks: Consolidation Continues
Bank consolidation has intensified, with a pair of bank mergers announced just a day apart: Columbia Banking System, Inc. announced plans to acquire Pacific Premier Bancorp, Inc. for $2 billion and Eastern Bankshares, Inc. intends to merge with HarborOne Bancorp for $99 million. Both deals’ press release tout the “bigger is better” refrain that has become commonplace in the sector: “The acquisition enhances Columbias position as a leading region
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