NATCOM Bancshares in Superior, Wis., has agreed to buy Great River Holding Co. in Baxter, Minn. NATCOM, the parent of the $1.4 billion-asset National Bank of Commerce said in a press release that it will buy the holding company for the $625 million-asset RiverWood Bank for an undisclosed amount of cash. The deal is expected to close late this year or early 2025. RiverWood has 11 branches, while National Bank

MVB Financial in Fairmont, W.Va., began the process of shutting down its digital asset program. The $3.3 billion-asset company said its second-quarter earnings fell by nearly 50% from a year earlier, largely reflecting its decision to end the program. MVB cited changing market conditions and profitability challenges. The decision cut into the company’s second-quarter net income by 8 cents a share. Total deposits also fell by 8.3% from a quarter

German American Bancorp in Jasper, Ind., has agreed to buy Heartland BancCorp in Whitehall, Ohio.   The $6.2 billion-asset German American said in a press release that it will pay $330.2 million in stock for the $1.9 billion-asset Heartland. The deal, which is expected to close in the first quarter, priced Heartland at 202% of its tangible book value.   Heartland has 20 branches, $1.5 billion of total loans and

Renasant in Tupelo, Miss., has agreed to buy The First Bancshares in Hattiesburg, Miss. The $17 billion-asset Renasant said in a press release that it will pay $1.2 billion in stock for the $8 billion-asset First. The deal, which is expected to close in the first half of next year, priced First at 184% of its tangible book value. Separately, Renasant said it will sell $200 million of common stock

First Foundation in Dallas plans to unload more than $1 billion of multifamily loans as part of its overhaul. The $13.7 billion-asset company shared more details on how it plans to leverage the $228 million it raised earlier this month by selling securities to a group led by Fortress Investment Group. First Foundation, which plans to move about a fifth of its multifamily loans to held-for-sale status, will “put in

WesBanco in Wheeling, W.Va., has agreed to buy Premier Financial in Defiance, Ohio. The $18.1 billion-asset WesBanco said in a press release that it will pay $959 million in stock for the $8.8 billion-asset Premier. The deal, which is expected to close in the first quarter, priced Premier at 142% of its tangible book value. WesBanco also agreed to raise $200 million of capital by selling securities to a group

First Northwest Bancorp in Port Angeles, Wash., had a noisy second quarter that included a balance sheet restructuring, a sale-leaseback transaction and a spike in its loan-loss provision.   The $2.2 billion-asset company also announced in its press release that it cut about 9% of its workforce.   Net income fell 22% from a year earlier, to $1.4 million.   During the quarter, First Northwest sold six branches for a

New York Community Bancorp in Hicksville reported another quarterly loss and announced plans to sell its residential mortgage servicing business to Mr. Cooper for roughly $1.4 billion. The $119.1 billion-asset company said in a press release that it lost $323 million in the second quarter. Its loan-loss provision increased by 24% in the second quarter compared to a quarter earlier, to $390 million. "While the mortgage servicing business has made