Eastern News - Page 2

First American Bank SVP Testifies Before Senate Small Business Committee

Daniel Pische, senior vice president of trade finance at First American Bank, Coral Gables, Fla., was invited to testify before the United States Senate Small Business and Entrepreneurship Committee. Pische, who is based out of Miami, is recognized for his expertise on the SBA’s export programs and trade finance lending. He testified on April 10 during a hearing titled “Reauthorization of the SBA’s International Trade Programs.”


Banesco USA Gets More than $11 Million in Capital to Fuel Growth

Banesco USA has received approximately an $11.9 million capital injection from its shareholders to continue its growth and technological innovations across south Florida in 2019. The increase in capital marks a highly successful year for the local bank.


Indiana’s German American Bancorp to Acquire Citizens First in Kentucky

Jasper, Ind.-based German American Bancorp Inc. and Citizens First Corp. of Bowling Green, Ky., have entered into a definitive agreement to merge Citizens First in German American. Upon completion of the transaction, Citizens First’s subsidiary bank, Citizens First Bank Inc., will be merged into German American’s subsidiary, German American Bank.


BancorpSouth Bank Announces Florida and Texas Acquisitions

Tupelo, Miss.-based BancorpSouth Bank announced definitive agreements to acquire Summit Financial Enterprises Inc., the parent company of Summmit Bank, N.A., in Panama City, Fla., and Van Alstyne Financial Corp., the parent company of Texas Star Bank in Van Alstyne, Texas. Pursuant to the agreement, the two banks will be merged into BancorpSouth Bank.


Union Bankshares Corp. Completes Acquisition of Access National Corp.

Richmond, Va.-based Union Bankshares Corp. announced the completion of its acquisition of Access National Corp., Reston, Va. This transaction strengthens Union’s presence in Virginia’s most populous market in the north.

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