First Merchants in Muncie, Ind., has agreed to buy Arlington Bank in Upper Arlington, Ohio.
The deal comes on the heels of Simmons’ agreement to buy Southwest Bancorp in Oklahoma.
CEOs at several regionals have decided to sit on the sidelines so they can digest recent big acquisitions, while others are contemplating going for more deals provided they find lower-risk opportunities.
The Cleveland company also had a record quarter for its investment banking business.
