Software and technology provider CSI bought Qolo, a fintech that offers treasury solutions and payments infrastructure. The price wasn't disclosed. “Community financial institutions are built on trusted relationships, local expertise, and deep knowledge of their markets,” Nancy Langer, CSI's president and CEO, said in a press release. “Businesses in their communities also need sophisticated banking capabilities that simplify and fit more naturally into their day-to-day financial operations," she added. "With

F&M Bank in Timberville, Va., used a gain from selling its insurance agency to offset a hit from selling underperforming securities. The company said in a press release that it recorded a $4.8 million pretax gain from selling Bearing Insurance in April. F&M then sold $29.8 million of securities, or 8.2% of its portfolio, at a pretax loss of $3.5 million. It should take less than four years to earn

First Community Bank of Central Alabama in Wetumpka has agreed to buy a branch from Merchants & Farmers Bank of Greene County in Eutaw, Ala. FCB plans to buy a branch in Prattville, Ala., along with $14 million of deposits and $8 million of loans, for an undisclosed price. The deal is expected to close in the fourth quarter. Olsen Palmer advised the seller.

First Bancorp in Southern Pines, N.C., has agreed to buy First Carolina Bancshares in Florence, S.C. First Bancorp said in a press release that it will pay $166 million in cash and stock for the $831 million-asset First Carolina. The deal is expected to close in the fourth quarter or early next year. “Carolina Bank has deep roots in the communities it serves and a strong reputation for relationship-based banking,”

First Gothenburg Bancshares in Gothenburg, Neb., has agreed to buy Foundation First in Waterloo, Neb. The $1.2 billion-asset parent of Dayspring Bank expects to buy the holding company for the $200.9 million-asset Foundation First Bank in the second half of this year. The price was not disclosed. Olsen Palmer advised Foundation First.

First Hawaiian in Honolulu has agreed to buy TriCo Bancshares in Chico, Calif. The $24 billion-asset First Hawaiian said in a press release that it will pay $2 billion in stock for the $9.9 billion-asset TriCo. The deal, which is expected to close by the end of this year, priced TriCo at 198% of its tangible book value. The acquisition "creates a broader platform for long-term growth,” Bob Harrison, First

The leader of the Bank of Washington in Missouri has died. The bank disclosed on LinkedIn that L.B. Eckelkamp Jr., its chairman and CEO, had passed away. "L.B. had a deep love for his hometown and demonstrated every day the values of hard work, honesty, humility, and selfless leadership," the post said. "His vision, leadership, and unwavering commitment helped shape our company and positively impacted countless employees, customers, and members

MountainSeed, an Atlanta company that buys bank and credit union properties, raised $38 million in capital. The company said in a press release said that equity firm Long Ridge Equity Partners made a minority investment that will be used for an AI-focused valuation and appraisal review platform, among other things. “Banks and credit unions ... are the backbone of local economies across this country, and we are excited to serve