M&A

Movement Mortgage, which is looking to ramp up lending, recently recapitalized First State Bank in Danville, Va.

The city is booming thanks to its rising population, revitalized downtown and diverse economy, attracting bank buyers and de novo interest.

CEO Kelly King also did not rule out a return to bank M&A now that BB&T has completed the integration of Susquehanna Bancshares and National Penn Bancshares.

The company agreed to pay $162 million to buy First South Bancorp in Washington, N.C. It is the fifth time this year that a bank in North Carolina has agreed to sell to a buyer from another state.

Here are 10 banks the investment banking firm KBW says are ripe M&A targets because they are in hot markets, face various growth challenges that make them vulnerable or have private-equity owners looking to cash out.