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Market Resilience or Investors In Denial? A Mid-year Assessment for 2023!

Musings on Markets

I am not a market prognosticator for a simple reason. I am just not good at it, and the first six months of 2023 illustrate why market timing is often the impossible dream, something that every investor aspires to be successful at, but very few succeed on a consistent basis.

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ConnectOne Bancorp, Inc. to Expand on Long Island Through Merger with The First of Long Island Corporation

Benzinga

Based on S&P Capital IQ Pro data as of June 30, 2023, First of Long Island is ranked #4 in Nassau County and #5 in Suffolk County in deposit market share among banks under $100 billion of assets. "We Tangible book value per share dilution is projected at 12%, with an earnback period of approximately 2.9 billion of deposits.

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Ready Capital and United Development Funding IV Announce Definitive Agreement for Ready Capital to Acquire United Development Funding IV

Benzinga

Adds scale and extends Ready Capital's core platform with UDF IV's proven land development lending platform Diversifies Ready Capital's portfolio and offers land development solution to borrowers and investors Expected to be accretive to Ready Capital's earnings and book value in 2025 UDF IV shareholders may receive up to $5.89

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United Community Banks, Inc. and ANB Holdings, Inc., the Parent of American National Bank, Announce Merger Agreement

Benzinga

This transaction strengthens our presence in the greater Miami market," said Lynn Harton, Chairman and Chief Executive Officer of United. "We We made an investment in this market with our acquisition of First National Bank of South Miami in 2023 and currently have an experienced and expanding team in place.

Banking 45
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Equity Bancshares, Inc. Adds to Missouri Franchise, Will Acquire Bank of Kirksville

Benzinga

Our teams continue to work diligently to add customers, colleagues, and market locations within our four-state footprint, and we're pleased to enter Kirksville and serve a vibrant customer base." "We percent accretive, to earnings per share in 2025 and expects the tangible book value earn back to be approximately 1.3

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Capital Bancorp, Inc. Announces Acquisition of Integrated Financial Holdings, Inc.

Benzinga

IFH's expertise originating and servicing USDA and SBA loans fits well with our strategic objectives and will allow us to serve a market with substantial need and growth potential." "We We are excited for this partnership with Capital and for the benefits that it brings to both banks. and Capital Bank.

Banking 40
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TAXES AND TERMS IN A BUSINESS SALE: PRE-SALE (Part 1 of 3)

IBG Business

A wise business seller understands that price is just one of multiple factors that determine, after the dust has settled, the actual value of their deal. In most business sales, it’s natural for the seller to focus on the price as the defining measure of their company’s market value and their satisfaction with the sale.