Consolidations

Achieva Credit Union has purchased Preferred Community Bank in Fort Myers, Fla.

Struggles to achieve sustainable growth led CommunityWorks Federal Credit Union to seek a merger partner.

The merger, recently approved by Denali's membership, will create a $2.2 billion-asset credit union with dozens of branches across five Western states.

First Busey is buying a bank with a large securities portfolio, whose size would be easier to adjust than traditional bank assets as it seeks to stay below the $10 billion mark.

The Los Angeles company will also gain its first branches in Nevada after completing the $467 million acquisition.

FVCBancorp will use part of the proceeds to help pay for its pending acquisition of Colombo Bank.

BayCom in Walnut Creek, Calif., would have a bigger presence in the Albuquerque area after buying Bethlehem Financial.

N.B.C. Bancshares' deal for Bank of Cushing will give it two branches an hour outside of Tulsa.

Once a hotbed of activity, the region has reported the fewest bank mergers since the financial crisis.

Spirit of Texas Bancshares has agreed to buy Comanche National. This would be Spirit's first acquisition since going public earlier this year.

Brentwood Bank’s purchase of Union Building and Loan would give it a larger presence around the Steel City.

While the regulatory environment is more accommodating for big deals, many regionals still have their reasons for staying on the sidelines.

PeoplesBancorp in Holyoke, Mass., has agreed to buy First Suffield Financial in Connecticut for $60 million.

The Los Angeles company's second-quarter profit also benefited from last fall's purchase of CU Bancorp.

Limited acquisition opportunities remain in the state's hottest markets, which will force buyers to pay bigger premiums or pursue deals elsewhere.

Jeff Deuel will take over as CEO of Heritage Bank in Olympia, Wash., for Brian Vance, who will remain as the head of the holding company until next year.

Coastal Financial in Everett, Wash., said that it could be active in M&A with capital from its IPO and that it has already identified several possible targets.

While sellers in urban centers are getting a lot of attention from acquirers, Southern Bancorp in Arkansas shows the upside of pursuing smaller deals in underserved rural markets.

While there are many reasons consolidation has slowed in the Keystone State over recent years, several factors in play could lead to a resurgence in activity.

FNS Bancshares has agreed to buy Catoosa Bancshares in Fort Oglethorpe, Ga., in all-cash deal.