Growth strategies

The California company has not established a time or pricing for the IPO.

The deal will see the $16 million-asset Georgetown FCU join the $258 million-asset PAHO/WHO. The combined institution will serve more than 7,500 members.

With its deal for Century Bancorp, Eastern will significantly boost its deposit share in greater Boston while gaining an entrée into several new business lines, including cannabis banking.

Regulators have approved the credit union's request to add 477 underserved census tracts to its field of membership, allowing it to reach roughly 2.5 million consumers.

The announcement comes about six months after Boston-based Eastern raised $1.7 billion through an initial public offering.

Longstanding familiarity with each other and years of informal talks helped the companies negotiate their $7.6 billion merger in just two months.

The Oklahoma regional bank said Steven Bradshaw plans to retire in March 2022.

While competitors are turning to traditional mergers and acquisitions to build market share and boost profits, Cleveland-based KeyBank is betting it can keep pace by rolling out a digital bank for affluent doctors and dentists.

The Illinois company would gain its first two branches in Winnebago County as part of the deal.

Organizers of the Florida de novo will need to raise $17 million in capital before opening.

The California company will gain $4 billion of low-cost deposits with its $250 million acquisition of the homeowners association services division.

United Neighbors Federal Credit Union holds just $4.4 million of assets, but the addition will help broaden SeaComm's branch network and expand its member base.

Sam Sidhu, whose father is CEO Jay Sidhu, will become president and chief executive of Customers Bank in July.

Peoples Bancorp will pay $292 million for the West Virginia company. It also announced it's buying a leasing company in Vermont.

Four months into the job, Charles Shaffer has struck a deal for Legacy Bank of Florida and is eyeing more acquisitions. His predecessor, Dennis Hudson III, built Seacoast with more than a dozen buyouts across the Sunshine State.

Capital One Financial led a $170 million investment in the startup Hopper as the financial giant seeks to make a deeper push into travel.

Some institutions have experimented with cash-based rewards to kick-start membership growth, but it's unclear whether the strategy will be widely adopted.

The $235 million acquisition will bring CEO Jared Wolff's company a trove of cheap deposits and the chance to slash costs without having to significantly change its business model.

The company agreed to buy Legacy Bank of Florida for $102 million.

Smith Shellnut Wilson has managed Business First's investment portfolio since the bank was formed 15 years ago.