Peoples Bancshares of TN in Madisonville, Tennessee, has applied to buy First Peoples Bancorp in Jefferson City, Tennessee. Peoples Bancshares, the holding company for the $456.1 million-asset Peoples Bank of East Tennessee, submitted its application on Sept. 18. It expects to buy the parent of the $219.5 million-asset First Peoples Bank of Tennessee by early next year.
Valley National Bancorp in New York has agreed to buy fintech Bluevine in Jersey City, New Jersey. The $66 billion-asset Valley said in a press release that it will pay $340 million in cash and stock for Bluevine. The deal is expected to close early next year.
M&A News is reported by Paul Davis and reprinted with permission as an adaptation of the material from TheBankSlate.com.









