Ohio

The Charlotte, N.C., company will open 500 new branches and hire 5,400 employees as it continues to expand in midsize cities across the country.

The two Lima, Ohio-based CUs will combine to create a $44 million-asset institution.

The company, which is planning to sell at least $25 million in stock, said in a presentation tied to the offering that it is well positioned for M&A.

Burned by a 2007 deal in Florida, Park National in Ohio had several years to reflect on lessons learned before agreeing to buy NewDominion Bank in Charlotte, N.C.

An economic correction is long overdue, the Ohio company says in explaining why now is the wrong time for long-term entanglements like mergers.

NewDominion, which has completed an improbable turnaround, is the last community bank based in Charlotte, N.C.

The results also included a large one-time benefit tied to recently passed tax reform.

Merger- and tax-related charges took a bite out of fourth-quarter profits at the Cleveland company, but its CEO emphasized that a recent deal and tax reform are promising for growth.

The activist investor, which has pressured the company in the past to find a buyer, fell short in an attempt last year to gain representation.

If Congress doesn’t take the lead on protecting consumers from data breaches, states are more than ready to offer their own fixes. Bankers will also be keeping close tabs on bills related to marijuana, PACE loans and elder financial abuse.

The company, which agreed to pay $58 million for Foundation's parent, will gain five branches in Cincinnati.

After a six-month transition period, Mark Midkiff will succeed Bill Hartmann later this year.

The acquisition will give LCNB its first branch and deposits in the Columbus, Ohio, market.

Fifth Third said it will give a bonus or raise to about three-quarters of its employees while Wells Fargo raised its minimum hourly pay in the wake of Congress' passing a tax reform bill.

American Share Insurance is moving into Big Sky Country, the 10th state to permit private share insurance.

Richard Cordray, whose resignation as director of the Consumer Financial Protection Bureau sparked a battle over the agency's leadership, plans to announce on Tuesday he's running for Ohio governor as a Democrat.

Ancora Advisors has a history of pressing banks and thrifts to find buyers.

The Ohio company's CRA rating took a hit after it inadvertently overcharged some customers.

While disappointed with the CFPB's actions in recent years, bankers said they want to see a campaign platform before making a decision on the agency's director.

The Indiana company's board knew what it wanted from a potential buyer, and that helped it as it negotiated one of this year's biggest bank deals.