Paul Davis

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.

CBTX in Houston must develop policies and procedures, along with a training program, to address deficiencies in its bank's compliance with the Bank Secrecy Act.

Kennebec Savings Bank will have $1.3 billion in assets after it absorbs Kennebec Federal Savings and Loan Association of Waterville.

The Delaware company said it received $22 million in net proceeds after selling 360,000 class B shares.

Eastern Bank in Boston could raise as much as $1.7 billion to spend on acquisitions and technology investments that it says will be necessary to respond to customers' increasing preference for digital tools.

Delmarva Bancshares, which was on the brink of failure during the financial crisis, will be sold to BV Financial for $54 million.

The Los Angeles company said Commerce Mortgage, founded by former bank CEO Steven Sugarman, wasn't a shareholder by the record date for its annual meeting, even though the firm reported a 9.7% stake earlier this year.

Chuck Shaffer will take the helm in December, becoming the first leader outside of the Hudson family since the bank's formation in 1926.

The last bank where he was CEO, Opus Bank, ran into trouble largely because it made too many acquisitions in too short a time span. This time around, Gordon will take a more methodical approach.

The Oregon company tapped Tory Nixon to serve as president of its bank.

Organizers of Coastal Community Bank withdrew their application after the pandemic disrupted efforts to raise capital.