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Community Bank System and Oneida Financial, both of western New York state, have delayed the closing of their merger after settling a shareholder lawsuit that challenged the deal.
June 11 -
People's Utah Bancorp in American Fork has filed for a $36.3 million initial public offering. The $1.4 billion-asset holding company for Bank of American Fork and Lewiston State Bank plans to sell 2.5 million shares of common stock for $14.50 each.
June 12 -
North Shore Bank in Peabody, Mass., has agreed to merge with Merrimac Savings Bank in Massachusetts.
June 11
Highlands Bancorp in Vernon, N.J., has acquired LCD Mortgage, a residential mortgage originator in Totowa, N.J.
The $282 million-asset Highlands will combine LCD with its existing mortgage business, Secure Lending Solutions, the company said in a news release. Financial terms of the transaction were not disclosed.
Run by the father-and-son team of Lou and Peter D'Angelo, LCD services mortgage financing needs in northern New Jersey. Highlands Bancorp is the holding company for Highlands State Bank.
