The upstate New York company will gain branches in Rochester as part of its $35 million purchase of FSB Bancorp.

Lower interest rates are allowing banks to use the cheaper capital to repay higher-cost debt and prepare for future expansion.

The company will pay about $58 million in cash for Melrose Bancorp.

The FDIC was reluctant to sign off on the merger of Summit Bancshares and Faciam Holdings because the company planned to serve marijuana-related businesses.

The Tennessee company said Rob Garcia will be in charge of building a commercial banking team in the city.

The company will pay $94 million for a bank with operations in New Jersey's Somerset and Morris counties.

The Mississippi company will also top $4 billion in assets when it buys Southwest Georgia Financial.

The Pennsylvania company will pay $65 million for six branches that will join its Buffalo, N.Y., division.

The company, which recently bought Monument Bank, has agreed to acquire Covenant Financial.

A dearth of bigger acquirers will likely force more banks with less than $2 billion in assets ⁠to seek out their own deals.

The New Jersey company paid $336 million for all stock owned by Blue Harbour Group.

Bangor will pay $35 million in cash to gain branches in five communities.

Wichita Falls Bancshares will gain four branches when it buys Chico Bancorp.

Jim McLemore has a new job just three months after orchestrating MidSouth's sale to Hancock Whitney.

Savings institutions are aggressively cutting staff and shortening hours to be more competitive. As a result they have become more efficient than commercial banks.

On Sep. 30, 2019. Dollars in thousands.

On Sep. 30, 2019. Dollars in thousands.

Though details of a potential pact with China aren't clear, bankers are hoping it could convince leery customers to finally go through with delayed investments.

Organizers have applied to form Craft Bank. If successful, the bank would become the third to open in the Atlanta area in recent years.

If the intention is for FedNow to give the market a choice, particularly to smaller, local banks then interoperability between the TCH and FedNow is a must, says FIS' Elena Whisler.