The New York-area companies' $489 million agreement runs counter to recent merger pacts built around branch cuts and more tech spending.

Heritage Trust Federal Credit Union will buy the bank's deposits and assume its liabilities.

The credit union has agreed to buy Elberfeld State Bank, broadening its reach in the Evansville, Ind., market.

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

The deal will create an $11 billion-asset banking company with operations in a number of markets around New York City.

Mesaba, which is also based in Minnesota, is the parent of American Bank of the North and Lake Bank.

Investar Holding called off its deal to buy Cheaha Financial in Alabama.

The Greenville, S.C.-based institution will gain three branches and about $100 million in assets if members of Anderson Federal Credit Union approve the transaction.

Wirecard North America is seeking a buyer, an otherwise routine corporate move that requires a large number of assurances, given its parent company's descent into scandal.

Southwest Bancshares in San Antonio will have assets of $1.5 billion when it absorbs two affiliated banking companies in nearby cities.

Bank consolidation has been stagnant since the pandemic hit, and the outlook for the rest of the year is bleak.

Eric Luse, who co-founded the Luse Gorman law firm, helped Community Bank Shares of Indiana create the first MHC in the early 1990s.

Payments technology company WEX has received a $400 million investment to offset negative effects from coronavirus, and will back out of a $1.7 billion pair of deals announced six months ago.

The company announced a slate of changes on Monday that includes the creation of a new position overseeing strategy for corporate and commercial banking.

Following the completion of a merger between Canyon State CU and Deer Valley CU, the combined institution has unveiled its new name.

Now perhaps more than ever, banks and their proxies need to show tact when communicating with past-due borrowers.

Arbor Bancorp and FNBH Bancorp said the pandemic had created uncertainty about the regulatory process for securing approval for the deal.

The companies said the "meaningful impacts" of the coronavirus pandemic led them to terminate the $2.7 billion deal.

Mastercard has agreed to acquire Finicity for a reported price of $825 million, a move the card brand says will strengthen its open banking platform and expand financial services through more real-time access to data.

⁠John Corbett says building scale, lowering costs and strengthening technology offerings have become more critical for banks to stay competitive.