West Virginia

Pinnacle Financial Partners closed in on $20 billion in assets by buying BNC. It now has to integrate the North Carolina bank, while finding ways to boost profit and adapt to increased regulatory burden.

Belpre Savings Bank and Doolin Security Savings Bank are planning to create a mutual with nearly $100 million in assets.

The West Virginia company sold the mortgages to Residential Funding and ResCap Liquidating Trust between 2003 and 2007.

City Holding in Charleston, W.Va., is looking to raise up to $55 million in a stock offering.

The $14.3 billion-asset company said in a press release Thursday that it will sell about 4.3 million shares of common stock.

Citizens Bank of West Virginia in Elkins boosts morale by having employees deliver surprise gifts of thousands of dollars each year to residents of its hardscrabble town (pop. 7,000).

Popular among employees: Citizens Bank of West Virginia provides monthly "smile" lunch, surprise or other fun activity, ranging from tailgates to ice cream socials.

United Bankshares in West Virginia has quietly become a $14 billion-asset player in its region thanks to the M&A strategy of its highly respected leader, Richard Adams, who has a way of establishing a rapport with community bank chiefs. One recent seller is a repeat customer.

United Bankshares in Charleston, W.Va., has agreed to buy Cardinal Financial in Tysons Corner, Va.

Costs associated with its acquisition of Bank of Georgetown contributed to a reduction in second-quarter profit at United Bankshares in Charleston, W.Va.

MVB Financial in Fairmont, W.Va., has sold most of its insurance business to USI Insurance Services in Valhalla, N.Y.

First Sentry Bancshares in Huntington, W.Va., said it will pay $7.4 million in cash and stock to buy the $75 million-asset Rock Branch Community Bank in Nitro, W.Va.

Jefferson Security Bank in Shepherdstown, W.Va., has promoted Cynthia Kitner from chief financial officer to chief executive.

Summit Financial Group in Moorefield, W.Va., has agreed to buy Highland County Bankshares in Monterey, Va., for $21.8 million in cash. The deal is expected to close early in the third quarter.

United Bankshares in Charleston, W.Va., reported an uptick in fourth-quarter profit as lower expenses offset lower average yields on earning assets.

City Holding in Charleston, W.Va., will be looking to name a new chairman, after Philip McLaughlin said he will resign at the end of the year.

The $12.6 billion-asset United said in a press release Monday that it will pay $269 million, or $37 a share, in stock for the $1.2 billion-asset Bank of Georgetown.

United Bankshares in Charleston, W.Va., recorded profit growth in the third quarter on higher average earning assets.

Premier Financial Bancorp in Huntington, W.Va., has hired a former BB&T executive as its bank president and chief executive.

Banks are seeing steady growth in consumer loan demand nationwide, particularly in auto loans and mortgages, according to a report released Wednesday by the Federal Reserve Board.