
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 company, based in Charleston, S.C., will buy Carolina Trust in western North Carolina for $100 million.
Ribbon-cuttings for de novos have become more common as regulators have warmed up to the idea of granting new charters. These are the banks that have opened this year, along with more that are on track to do so.
The $60 million acquisition will allow ACNB, which is based in Pennsylvania, to enter a new market.
The deal comes less than a week after the Louisiana company raised nearly $11 million.
The $550 million purchase will include a branch in the U.S. Virgin Islands.
Valley, which had focused on Florida in recent years, will double its market share in Bergen County with the $740 million acquisition.
Ken Lehman recently bought a block of shares in Village Bank & Trust Financial.
The deal with Frandsen Financial is the 12th bank M&A transaction this year involving a seller in Wisconsin.
Shore Community Bank, which has five branches in Ocean County, will sell for $53 million.
Sterling Bancorp must enhance its BSA policies and hire an outside firm to review its account activity.