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The third quarter had fewer deals compared to the second quarter, but three fundamental attributes of normalized M&A appeared: bigger players, shorter regulatory approvals times and interest from more buyers.
October 10 -
NewBridge Bancorp in Greensboro, N.C., has agreed to buy Premier Commercial Bank in Greensboro.
October 9 -
Kyle Waters and Andy Bower announced the creation of Loan Evaluation Services this week. The firm will provide independent loan portfolio reviews for community and regional banks that are planning to make acquisitions or have a need for third-party loan portfolio reviews.
October 9
HCBF Holding in Fort Pierce, Fla., the parent company of Harbor Community Bank, has
The financial terms were not announced for the deal, which is expected to close in the second quarter of next year.
The acquisition would expand the $695 million-asset Harbor's presence along the western coast of Florida. The $266 million-asset First America operates five branches around Sarasota.
Dan Hager, First America's chairman and chief executive, is expected to join HCBF as its Florida west coast market president.
HCBF has recently been an aggressive acquirer in Florida. The bank
Harbor Community Bank has 37 locations, primarily on the eastern side of the state.