Bar Harbor Bankshares in Bar Harbor, Maine, has agreed to buy Guaranty Bancorp in Woodsville, N.H. The $4.1 billion-asset Bar Harbor said in a press release that it will pay $41.6 million in stock for the $675 million-asset Guaranty. The deal, which is expected to close in the second half of this year, priced Guaranty at 130% of its tangible book value. Guaranty, the parent of Woodsville Guaranty Savings Bank, has

Financial Institutions in Warsaw, N.Y. has settled civil litigation tied to its bank’s auto loan notification process. The $6.1 billion-asset company said in a press release that it agreed to make a $29.5 million cash payment to class members, release the debt owed to the bank, and remove adverse credit reporting for class members. The settlement is subject to court approval. As a result, the company recorded a $23 million litigation

American Express has agreed to buy expense-management software company Center. American Express did not disclose the price it would pay. The goal is to use Center to support the services Amex offers small businesses. Center helps companies better manage their finances by showing in real-time how much employees are spending.

Green Dot in Provo, Utah, has hired an investment bank to help it explore strategic alternatives—often a prelude to selling. The fintech, which operates Green Dot Bank, said in a press release that it had shaken up its management with the departure of George Gresham as president and CEO. William Jacobs, the company's chairman and interim CEO from January to March 2020, was named interim CEO. Chris Ruppel, Green Dot’s chief revenue

Independence Bank in East Greenwich, R.I., plans to liquidate under a plan approved by the Federal Deposit Insurance Corp. The FDIC, which had accused Independent of charging illegal fees tied to Small Business Administration 7(a) loans, announced the liquidation in a Jan. 14 consent order with the bank. Independence was also required to pay affected consumers $3.4 million of restitution. The FDIC had claimed that the bank's actions had caused

The Maryland Bankers Association has a new leader. The association said in a press release that Tisha S. Edwards had become its president and CEO. She will also serve as executive vice president of the Mid-Atlantic Bankers Association, the holding company formed last year when the MBA merged with the Virginia Bankers Association. Edwards was Secretary of Appointments in Gov. Wes Moore’s administration. Edwards "brings a wealth of leadership experience

Bank of Idaho Holding Co. in Idaho Falls considered selling to a credit union but cooled on the idea after meeting with legal counsel and the director of the Idaho Department of Finance. The $1.3 billion-asset company agreed last month to sell to Glacier Bancorp in Kalispell, Mont. for $245 million in a deal that is expected to close in the second quarter. An unsolicited overture by the unnamed credit

Seacoast Banking Corp. of Florida in Stuart has agreed to buy Heartland Bancshares in Sebring, Fla. The $15.2 billion-asset Seacoast said in a press release that it will pay $110 million in cash and stock for the $734 million-asset Heartland. The deal, which is expected to close in the third quarter, priced Heartland at 163% of its tangible book value. Heartland has four branches, $641 million of deposits, and $161