How does a community bank whose bread and butter was mortgage lending make the business sustainable in a time when mortgages have increasingly moved to the nonbank sector?
Browsing: Mergers and acquisitions
LINKBANCORP in Camp Hill, Pennsylvania, has agreed to buy Partners Bancorp in Salisbury, Maryland. The deal is expected to close in the third quarter.
Main Street Financial Services in Wheeling, West Virginia, has agreed to buy Wayne Savings Bancshares in Wooster, Ohio.
Buckeye State Bancshares in Powell, Ohio, has agreed to buy Rockhold Bancshares in Bainbridge, Ohio.
Citizens Alliance Bank in Clara City, Minnesota, has agreed to buy Granite Mountain Bank in Butte, Montana.
Federal regulators need to build a better mousetrap to ensure that “healthy” bank mergers get approved while “unhealthy” mergers are rejected, an OCC official said this week during an agency symposium on the topic.
Vista Bancshares in Dallas has agreed to buy Charis Holdings in Justin, Texas.
The OCC this week announced that registration is open for its symposium on bank mergers, which will be held Feb. 10 at its headquarters in Washington, D.C.
Mid Penn Bancorp in Harrisburg, Pennsylvania, has agreed to buy Brunswick Bancorp in New Brunswick, New Jersey. The deal is expected to close in the second quarter.