Mechanics Bank was close to buying Rabobank's U.S. unit last year, but pressed pause when the seller ran into serious legal troubles.
The deal will give Janney greater access to the community banking sector.
Mechanics, owned by a fund tied to investor Gerald J. Ford, will pay $2 billion for Rabobank in California.
Just nine bank merger pacts were announced in February, down from 17 in January. But they included the biggest deal in years and some other interesting storylines.
United Community, Synovus, Cadence and others stand to gain lenders and customers even if BB&T flawlessly integrates the $28 billion acquisition.
The company will close a dozen branches, including eight in Colorado.
Regional and community banks are eager to buy branches and hire top performers from the merging companies.
Hometown Financial will merge Abington Bank into Pilgrim Bank. The combined bank will be run by Andrew Raczka, Abington's CEO.
Bank of Princeton will also buy $190 million in deposits as part of the deal.
The Lake Mary, Fla.-based credit union has agreed to buy Fidelity Bank of Florida for an undisclosed amount.
