- **National Bank Holdings Corporation (NBHC)** has signed a definitive merger agreement to acquire **Vista Bancshares, Inc.**, with the transaction valued at **$369.1 million** based on NBHC’s closing price on September 12, 2025.  **[96223_3b39654de0c14abd803184af5059afa0_1]** **[96223_3b39654de0c14abd803184af5059afa0_2]** 
- Upon completion, the combined company is projected to have approximately **$12.4 billion** in total assets and **$10.4 billion** in total deposits.  **[96223_3b39654de0c14abd803184af5059afa0_0]** **[96223_3b39654de0c14abd803184af5059afa0_1]** 
- The acquisition is expected to be **17% accretive** to NBHC’s earnings, with a tangible book value earn-back in approximately **3 years**.  **[96223_3b39654de0c14abd803184af5059afa0_0]** **[96223_3b39654de0c14abd803184af5059afa0_2]** 
- The deal, which expands NBHC's footprint in the Dallas-Fort Worth metroplex, is anticipated to close in **Q1 2026**.  **[96223_3b39654de0c14abd803184af5059afa0_0]** **[96223_3b39654de0c14abd803184af5059afa0_1]** **[96223_3b39654de0c14abd803184af5059afa0_2]**

National Bank Holdings Corporation announces merger agreement with Vista Bancshares, Inc.

- Corient announced its global expansion by adding **Stonehage Fleming** and **Stanhope Capital Group**.  **[96223_96e99495c2024908b77af797a13887f5_0]** 
- This expansion will create a **$430 billion** independent ultra-high-net-worth wealth manager, making Corient the **world's largest non-bank wealth manager** and **largest multi-family office** focused on ultra-high and high-net-worth clients.  **[96223_96e99495c2024908b77af797a13887f5_0]** 
- Stonehage Fleming and Stanhope Capital will contribute **over $214 billion** in client assets to Corient.  **[96223_96e99495c2024908b77af797a13887f5_0]**  Stonehage Fleming's assets are as of **December 31, 2024**, and Stanhope Capital Group's assets are as of **July 31, 2025**.  **[96223_96e99495c2024908b77af797a13887f5_3]** 
- The acquisitions are expected to close in the **first half of 2026**.  **[96223_96e99495c2024908b77af797a13887f5_3]**

Corient Announces Global Expansion Through Acquisitions

- **Permira**, a British private equity firm, made a preliminary non-binding takeover proposal for **JTC Plc** valuing the London-listed corporate services provider at about **£2 billion ($2.7 billion)**.  **[96223_e7d83fd4cd864c05a247268d7eca0801]** 
- The **JTC board unanimously rejected** this latest offer and an earlier approach, advising shareholders to take no action.  **[96223_e7d83fd4cd864c05a247268d7eca0801]** 
- Following the announcement, **JTC shares surged over 15%** to a record high, increasing its market capitalization to about **£1.9 billion**.  **[96223_e7d83fd4cd864c05a247268d7eca0801]** 
- **Permira** has until **September 26, 2025**, to either make a formal bid or withdraw.  **[96223_e7d83fd4cd864c05a247268d7eca0801]** 
- **JTC's stock is rated as a 'Buy'** with a price target of **£1033.00** and an **'Outperform' rating by TipRanks**, despite concerns over a negative P/E ratio and recent net loss.  **[96223_e7d83fd4cd864c05a247268d7eca0801]**

Jefferies Financial Group (JEF)