-
First Interstate BancSystem in Billings, Mont., has agreed to buy Absarokee Bancorp. in Absarokee, Mont.
March 26 -
Southern Missouri Bancorp in Poplar Bluff has filed to sell $20 million in preferred stock it issued to the Treasury Department as part of the Small Business Lending Fund.
March 25 -
Atlantic Capital Bancshares in Atlanta has agreed to buy First Security Group in Chattanooga, Tenn.
March 25
Two investors in Central Pacific Financial are planning to sell 7.6 million shares in the Honolulu company.
Central Pacific said in a press release Friday that affiliates of Carlyle Group and Anchorage Capital have priced a secondary offering that was announced earlier this week. The investors could raise roughly $178 million from the offering, based on details provided by Central Pacific.
Each of the private-equity firms will reduce their ownership in the $4.7 billion-asset company to 13.5% from 23.3%.
Central Pacific said in its release that it plans to buy back about 3.2 million shares, spending roughly $75 million, as part of the offering.
This repurchase is in addition to Central Pacific's February 2014 buyback of $56.2 million in stock from those investors.
