Location Root Tag

The $4.24 billion-asset Banner said Tuesday it has agreed to buy Home Federal Bancorp (HOME) in Nampa, Idaho, for $197 million in cash and stock.

The $979 million-asset company plans to offer up to 1.4 million shares of common stock at $19 per share, according to a Sept. 12 filing with the Securities and Exchange Commission.

Country Club Bank in Kansas City, Mo., has promoted several executives.

A senior executive at OFG Bancorp (OFG) in San Juan, Puerto Rico, is moving to the top ranks of the Federal Home Loan Bank of New York.

Saddle River Valley Bank, which was bought last year by Center Bancorp, allegedly failed to adequately monitor transactions with currency exchange houses in Mexico and the Dominican Republic.

Valley National Bancorp in Wayne, N.J., is offering to sell up to $125 million of subordinated notes to repay its trust-preferred debt.

Jacksonville Bancorp in Florida has raised $1 million through a rights offering.

Ocwen Financial in Atlanta has retired approximately $159 million of debt held by a private-equity backer.

Managing the royalties of oil and gas landowners could generate big new fee opportunities for well-positioned banks.

Sterling Financial in Spokane, Wash., has gone ahead with rebranding its California operations as Argent Bank despite its recent merger announcement.

Webster Financial in Waterbury, Conn, said Gerald Plush, its president and chief operating officer, will step down at the end of the month.

Investar Bank in Baton Rouge, La., is getting ready to go public.

NewBridge Bancorp (NBBC) in Greensboro, N.C., has received regulatory approval to buy struggling mutual Security Savings Bank in Southport, N.C.

Midland States Bancorp in Effingham, Ill., has agreed to buy Heartland Bank in St. Louis to lower its reliance on interest income, strengthen fee income and improve its chances at going public.

The $552 million-asset company announced the formation of wholly-owned subsidiary Mackinac Commercial Credit in a press release Friday.

Washington Trust Bancorp (WASH) in Westerly, R.I., has hired a veteran banker as its president and chief operating officer.

Cordia Bancorp (BVA) in Midlothian, Va., has hired Mark Severson as chief financial officer.

Wesley A. Brown, a Denver investment banker and member of the Alpine Rescue Team, is trained to save your bank — or you, if you get stuck in the mountains of Colorado. Recent floods there put his skills, and those of his teammates, to the test.

Penns Woods Bancorp (PWOD) in Williamsport, Pa., has picked Robert Glunk to be the next president of Luzerne Bank, a subsidiary it acquired this year.

Two River Community Bank (TRCB) in Tinton Falls, N.J., has hired Anthony Mero as its chief operating officer.