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Hovde Group has a dedicated and experienced group of investment banking professionals focused exclusively on M&A and strategic investment banking advisory services to banks and thrifts in the United States.
Hovde Group is a leading financial services and investment ...ital.
Our M&A practice includes some of the most experienced bank and thrift specialists in the industry. Our firm has been active across the full range of M&A advisory roles in the bank and thrift sector for over 25 years.
Hovde Group has a long and successful track record in...S.
- Chatham, Ill.-based United Community Bancorp Inc. unit United Community Bank has agreed to acquire Hovde’s client, Quincy, Ill.-based Mercantile Bank, from Mercantile Bancorp Inc. for $22.3 million in cash. The transaction is being effectuated under Section 363 of the U.S. Bankruptcy Code, and Mercantile Bancorp Inc. will be dissolved if the court agrees to the deal. United Community Bancorp Inc. will expand in Adams County, Ill., by four branches to be ranked second with a 25.71% share of approximately $1.78 billion in total market deposits. Hovde Group served as the exclusive financial advisor to Mercantile Bancorp, Inc. and Mercantile Bank.