Branch deals

The Canadian bank plans to sell the branches, which are mostly in the Midwest and Great Plains, to First Citizens Bank in North Carolina. At the same time, it plans to build 150 branches over the next five years in markets with longer-term growth prospects.

Asheville, North Carolina-based HomeTrust Bancshares is pulling back from the region, selling its two Knoxville branches for an undisclosed sum. Apex will assume the branches' deposits, valued at an estimated $42 million.

The Sandy, Utah-based credit union opted to part with its two New Mexico branches to focus on other geographies. At least one expert expects an uptick in branch sales as more credit unions seek to "right-size" their networks.

The $23 million cash transaction boosts Old Second's presence in its home Windy City market, while marking Muncie, Indiana-based First Merchants' exit from Illinois.

Berkshire Hills Bancorp declined to detail the savings it expects from the downsizing, though one analyst estimated it could shave $3 million from the company's annual noninterest expenses.

Truity Credit Union in Oklahoma is selling its only branch in the state.

The North Carolina-based credit union, which purchased the vacant bank branch last summer, serves some members across the state line but has not had a brick-and-mortar presence there until now.

The U.K. banking giant is reportedly mulling an exit from retail banking in the United States. It could attract more interest if it tries to sell its network in pieces instead of looking for a single buyer, analysts say.

The Massachusetts company, which had a big second-quarter loss after writing down the goodwill tied to past acquisitions, will sell eight branches to Investors Bancorp and shutter 16.

The deal will expand the credit union's brick-and-mortar footprint to more than 30 locations across Illinois and California.

The sales are part of ConnectOne's strategy to replace traditional retail branches with banking hubs backed by technology.

The deal will expand the credit union's reach into western Michigan at a time when a growing number of banks are trimming their networks.

The Liberty Lake, Wash.-based credit union has agreed to buy four branches from the Roseburg, Ore.-based bank.

The deal continues Sound's push into markets north of its Tacoma headquarters.

The South Carolina-based credit union will buy two locations from Arkansas-based Bank OZK as it moves to exit the Palmetto State.

The Arkansas bank is selling two South Carolina branches to a credit union just two weeks after announcing plans to divest its branches in Alabama.

The Arkansas bank is selling its two branches in the state to Merchants & Marine Bancorp and FEB Bancshares.

Johnson is exiting the state with the sale of the four locations.

The transaction, which involves the sale of three branches, is expected to close in June and is pending regulatory.

First American Bank agreed to cover costs incurred by the Iowa Division in Banking, while the regulator made it clear that the accord would not set a precedent for future credit union-bank deals.