Three community banks completed acquisitions Friday.
Tower Bancorp of Harrisburg, Pa., bought the $2.7 billion-asset First Chester County Corp. for $49.5 million. The deal was originally valued at $65 million, but the price was lowered after First Chester's delinquencies increased. The former First National Bank of Chester, which has 49 branches in Pennsylvania and Maryland, will operate as a division of Graystone Tower Bank, under the name 1N Bank.
NBH Holdings Inc. in Boston acquired 38 branches of Bank Midwest in Kansas City, Mo., from Dickinson Financial Corp. NBH will acquire the Bank Midwest name, along with some deposits and performing loans. The companies did not disclose the sale price. The headquarters for the $4.3 billion-asset bank will remain in Kansas City.
BancFirst Corp. in Oklahoma City bought the $146 million-asset Exchange Bancshares of Moore Inc. in Oklahoma.
The price was not disclosed.
