Bridge Bancorp in Bridgehampton, N.Y., said Tuesday that it has agreed to buy Hamptons State Bank of Southampton, N.Y., for $6.3 million.
The combined bank would have $1.1 billion in assets. Hamptons State shareholders would receive 0.34 shares of Bridge common stock. The deal is expected to close in the third quarter.
The first U.S. bank to offer an exchange-traded product tied to bitcoin saw $34 million in trading on the first day.
Exchange funds could help address some wealthy clients' concentration risks and tax quandaries at the same time.
The addition of Peter Laidlaw to Merrill's offices in San Francisco comes as firm executives aim to engage in "more aggressive recruiting."
A deal is more than just a top-line number and misalignment in culture and communications can cause conflict down the line.
RIA Soltis acquired accounting, tax and advisory firm GDM Private Financial Solutions, the latest example of client demand for integrated wealth and tax planning solutions.
SEC regulators instead take aim at their predecessors in the Biden Administration, saying the outsized fines were partly the result of a desire to "pursue media headlines and run up numbers."
