Mergers & Acquisitions

Average turnover for nonofficer and office positions reduced significantly

Plus: SmartBank sells Richmond assets to First Bank

Latest acquisition is valued at $82.8m

Moody’s say that the extension will leave the banks ‘in limbo’

Plus: Dupaco Community Credit Union and Home Savings Bank partner and First Citizens and CIT extend merger

Lake City Banks, Empire State Bank, BCB Bancorp, Citizens Financial Group have all made announcements

Amalgamated Bank and Colombia State Bank have also announced separate merger agreements

Bank of Marin, Fifth Third Bank, Merchants & Marine Bank, Texas Capital Banshares and Patriot National Bancorp have all made announcements

California-based Friendly Hills acquired three offices from Bank of Southern California, while Mississippi-headquartered BankFirst opened another office in the state

Acquisition strengthens US Bank’s existing West Coast franchise