The company plans to use the new capital to pursue growth opportunities.
Alliance Bank Central Texas may have found a way around National Credit Union Administration regulations that make it difficult for banks to buy credit unions.
The Montana company agreed to buy Heritage Bancorp for $241 million.
The first quarter has been sluggish for overall merger activity. Still, hear are the notable deals announced in March.
Bonnie Lee will succeed C.G. Kum, who is retiring as CEO next month.
Lenders argue that the move is premature, citing record-low charge-offs in the agency's 7(a) program.
The Illinois company will pay about $10 million, and redeem $23.5 million in trust-preferred stock, as part of the deal.
The Massachusetts mutual hired two former bankers from Blue Hills Bancorp, which was recently sold to Independent Bank.
New banks need to add loans to turn a profit. The problem for many is finding the lenders necessary to make that happen.
The company plans to sell its third-party origination channel to Renasant. It has also lined up a deal to sell its correspondent channel.
