Bank M&A Deals Get Sewn Up

A handful of banking companies wrapped up M&A deals over the weekend.

Mackinac Financial in Manistique, Mich., completed its acquisition of First National Bank of Eagle River in Eagle River, Wis., on Friday. First National was immediately consolidated into Mackinac unit mBank.

Emclaire Financial in Emlenton, Pa., completed its $14 million purchase of United-American Savings Bank in Pittsburgh on Saturday. Emclaire has said that it expects the deal to be immediately accretive to earnings.

NCAL Bancorp in Irvine, Calif., closed its acquisition of Commercial Bank of California in Los Angeles. The company will operate under Commercial Bank's brand.

OceanFirst Financial in Toms River, N.J., completed its acquisition of Cape Bancorp in Cape May Court House, N.J. Cape Bank will operate as a division of OceanFirst Bank until operating systems are integrated by October.

Royal Financial in Chicago completed its acquisition of local rival Park Bancorp on Sunday and projects the integration of computer systems by September.