Consolidations

The Louisiana company has vowed to meaningfully improve investor returns and efficiency over the next two years.

Sussex Bancorp, which recently completed its first whole-bank acquisition, is rebranding itself as SB One Bancorp.

BancorpSouth, which had two prior deals delayed over BSA and CRA issues, has agreed to buy a bank in the Houston area.

The company, which completed a major acquisition last year, said tax reform will help it generate a higher return on average assets.

Gary Shook, who led Middleburg Financial before its sale to Access National, has become president of Blue Ridge's bank.

With the three deals, Triumph is beefing up in Colorado, expanding into New Mexico and strengthening its asset-based lending unit.

Four banks have agreed to be sold to credit unions this year. Expect more deals between the longtime nemeses because the smallest banks are of less interest to other banks than they used to be, and some credit unions are in growth mode.

Several states have created their own operations aimed at shoring up what they see as oversight holes created by the CFPB; JPMorgan CEO’s annual letter (47 pages, this one) runs the gamut.

Washington Federal, which is working through Bank Secrecy Act issues, also allowed Anchor to consider offers from other potential buyers.

The Cleveland company acquired the business through its 2016 purchase of First Niagara Financial Group.