Community banking

Investar ending 2020 with deal for Alabama bank

12/20/19

The Louisiana company sold $30 million in stock to help fund its purchase of Cheaha Financial Group.

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Industrial evolution: Black-owned D.C. bank set to expand in New York

12/20/19

Industrial Bank CEO Doyle Mitchell has spent countless hours in New York since his bank bought the failed City National in November, meeting with existing customers and plotting his growth plans.

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HomeTrust in N.C. sells $160 million in mortgages

12/20/19

The company plans to sell more mortgages in the first quarter, which would bring its loan-to-deposit ratio below 100%.

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Evans Bancorp turns to acquisition to enter a new market

12/20/19

The New York company will enter Rochester as part of its $35 million purchase of FSB Bancorp.

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Small banks turn to subordinated debt to fund growth

12/19/19

Lower interest rates are allowing banks to use the cheaper capital to repay higher-cost debt and prepare for future expansion.

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Cambridge Financial in Mass. to buy neighboring cooperative bank

12/19/19

The company will pay about $58 million in cash for Melrose Bancorp.

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California merger terminated over delayed regulatory approval

12/19/19

The FDIC was reluctant to sign off on the merger of Summit Bancshares and Faciam Holdings because the company planned to serve marijuana-related businesses.

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Pinnacle hires Synovus exec to open first office in Atlanta

12/19/19

The Tennessee company said that Rob Garcia will be in charge of building a commercial banking team in the city.

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Kearny expanding in northern New Jersey with MSB purchase

12/19/19

The company will pay $94 million for a bank with operations in New Jersey's Somerset and Morris counties.

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First Bancshares to enter southern Georgia with acquisition

12/18/19

The Mississippi company will also top $4 billion in assets when it buys Southwest Georgia Financial.

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