
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 Virginia company said that Carolina State Bank is on pace to open later this month.
The Mississippi company will pay $86 million for seven branches with $318 million in deposits.
Big banks and fintechs are aggressively adding digital capabilities to process applications quickly, creating a sense of urgency for community banks.
The $263 million portfolio has been covered by a loss-share agreement since an investor group bought the failed BankUnited in 2009.
The Missouri company will pay $213 million for the largest bank in Los Alamos, N.M.
Orange County Bancorp has identified two neighboring counties for expansion.
Brad Hanson has been with the South Dakota company since founding its payment services division in 2004.
The $45 million purchase will provide Peoples with eight branches and $244 million in deposits.
ATBancorp had an unusual footprint that included a small bank and a number of fee-based businesses. But it had to slim down before it could find a buyer.
Orrstown will pay $59 million in cash and stock to gain seven branches and $409 million in deposits.