Collins Community Credit Union has agreed to buy First Savanna Savings Bank.
Tri County Financial will pay an undisclosed amount for H.F. Gehant Bancorp.
The company could raise as much as $158 million by selling shares to the public.
FWBank would be led by Marianne Markowitz, former acting SBA director. Amy Fahey, a former JPMorgan Chase executive, would serve as chairman.
Nearly a tenth of the industry’s deals this year were connected to the state, which boasts a good number of sought-after small banks.
Both banks focus on the Chinese-American community.
Asset Recovery Associates told borrowers that it could sue them, garnish their wages and place liens against their homes, according to a consent order by the consumer bureau.
The company will pay $195 million for its first retail operations in the city.
The company has agreed to buy Albany Bancshares, which has four branches near the Iowa border.
The Iowa company will pay QCR Holdings about $59 million for Rockland Bank and Trust.
