Paul Davis

The California company will lease space on three floors of the building, while keeping a branch at the location.

Mid Penn agreed to pay $59 million for Scottdale Bank in a deal that is expected to close in the third quarter.

It took several offers for First Busey to seal a deal to buy First Community Financial Partners, and the details in a recent public filing of the back and forth between the two Illinois banks show how patience in merger negotiations is a must.

Plimoth Investment Advisors, a firm owned by two mutuals in Massachusetts, is buying the business.

Citizens will pay about $40 million in cash and stock for the $269 million-asset Wells in a deal set to close in the third quarter.

The Fed said it will conduct extensive reviews only of deals that create banks with assets of $100 billion, replacing the prior mark of $25 billion. The disclosure was included in the Fed's approval of People's United's purchase of Suffolk Bancorp.

The cuts punctuate the end to a rapid expansion period at the company, which now seems to be prioritizing profitability over growth.

Selling a participation in a line of credit to the Puerto Rico Electric Power Authority reduced the company's nonperforming assets by 9%.

The New Orleans company, which recently sold nine branches and $1.3 billion in loans, was ordered to raise more capital or find a buyer.

Farmers National will pay about $7.8 million in cash and stock for the $43.3 million-asset Monitor in a deal that should close in the second or third quarter.