Atlantic Coast Bank, one of last locally owned banks, acquired for $145 million

(Courtesy of Jacksonville Business News) Ameris Bancorp (Nasdaq: ABCB), the parent company of Ameris Bank, announced Friday an agreement to acquire Atlantic Coast Financial Corporation (Nasdaq: ACFC), parent company of Jacksonville-based Atlantic Coast Bank. Atlantic Coast operates 12 banking locations across Jacksonville; Waycross, Georgia and Douglas Georgia. The bank held $1.5 billion in deposits. Ameris … Continue reading Atlantic Coast Bank, one of last locally owned banks, acquired for $145 million

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Vale megadeal puts Morgan Stanley, Bradesco at the top of Brazil M&A

(Courtesy of Reuters.com) Morgan Stanley (MS.N) and Banco Bradesco BBI SA topped Brazil's mergers and acquisitions rankings in the first quarter, buoyed by advisory roles in the $21 billion corporate reorganization of Vale SA (VALE5.SA), the world's No.1 iron ore producer. New York-based Morgan Stanley and Bradesco BBI, the investment-banking arm of Brazil's No. 3 … Continue reading Vale megadeal puts Morgan Stanley, Bradesco at the top of Brazil M&A