
Paul Davis
Founder, Bank SlatePaul Davis is the founder of Bank Slate, a financial strategy and research firm. He previously led community bank coverage at American Banker.
Paul Davis is the founder of Bank Slate, a financial strategy and research firm. He previously led community bank coverage at American Banker.
The deal will create an $11 billion-asset banking company with operations in a number of markets around New York City.
Mesaba, which is also based in Minnesota, is the parent of American Bank of the North and Lake Bank.
Investar Holding called off its deal to buy Cheaha Financial in Alabama.
CB Financial Services, Mercantile Bank and Nicolet Bankshares said they would shutter a total of 12 branches.
Southwest Bancshares in San Antonio will have assets of $1.5 billion when it absorbs two affiliated banking companies in nearby cities.
Bank consolidation has been stagnant since the pandemic hit, and the outlook for the rest of the year is bleak.
The company said it had cut 20 positions and found a way to shed 35,000 square feet of office space by the end of 2020.
Arbor Bancorp and FNBH Bancorp said the pandemic had created uncertainty about the regulatory process for securing approval for the deal.
The companies said the "meaningful impacts" of the coronavirus pandemic led them to terminate the $2.7 billion deal.
The agencies said late Friday that they will provide information on small businesses that received $150,000 or more from the Paycheck Protection Program.