TDECO in Houston has agreed to buy Sabine State Bank and Trust in Many, La. The $4.8 billion-asset credit union said in a press release that it expects to complete the purchase of the $1.2 billion-asset Sabine early next year. The price wasn’t disclosed. “TDECU is on a growth journey to expand across the state of Texas and beyond,” Isaac Johnson, the credit union’s president and CEO, said in the

Arrow Financial in Glens Falls, N.Y., said it has agreed to settle a class-action complaint. The $4.2 billion-asset company said in a press release that it reached an agreement in principle to settle the complaint, filed in U.S. District Court for the Northern District of New York by Robert Ashe. The lawsuit, filed against Arrow and certain former and current executives, alleged that they made “materially false and misleading statements”

Civista Bancshares in Sandusky, Ohio, reported lower profit that reflected a narrower net interest margin and a decision to step away from its income tax refund business. The $3.9 billion-asset company said in a press release that its first-quarter net income fell by 50.4% from a year earlier, to $6.4 million. Net interest income decreased by 13% from a year earlier, to $4.2 million. The net interest margin compressed by

Fulton Financial in Lancaster, Pa., will sell $250 million of common stock to support its purchase of the failed Republic First Bank. The $27.6 billion-asset Fulton said in a press release that it will sell about 16.7 million shares of stock at $15 each. The underwriters could sell another 2.5 million shares if there is enough demand, which could bring in another $37.5 million. Net proceeds should be about $238

Hope Bancorp in Los Angeles has agreed to buy Territorial Bancorp in Honolulu. The $18.1 billion-asset Hope said in a press release that it will pay $78.6 million in stock for the $2.2 billion-asset Territorial. The deal is expected to close by the end of this year. Territorial has 28 branches, $1.3 billion of loans and $1.6 billion of deposits. Hope said it will continue to use the Territorial brand

UMB Financial in Kansas City, Mo., has agreed to buy Heartland Financial USA in Denver. The $45.1 billion-asset UMB said in a press release that it will pay $2 billion in stock for the $19.4 billion-asset Heartland. The deal, which is expected to close in the first quarter, priced Heartland at 153% of its tangible book value. Heartland has 107 branches, $16.2 billion of deposits and $12.1 billion of loans across 13

Republic First Bank in Philadelphia was closed by regulators, ending a lengthy saga that included an ousted CEO, shareholder fights and a failed attempt to raise capital. Fulton Bank in Lancaster, Pa., agreed to assume substantially all of Republic First's $6 billion of assets and $4 billion of deposits, the Federal Deposit Insurance Corp., said in a press release. Republic First's 32 branches in Pennsylvania, New Jersey and New York,

Western Illinois Bancshares in Monmouth has agreed to buy Main Street Bancorp in Princeville, Ill. The parent of the $670 million-asset Midwest Bank said that its bank and Main Street’s $121 million-asset Princeville State Bank will operate as “independent, separately chartered banks” after the deal closes. The price of the all-stock deal wasn’t disclosed. Main Street “is a great fit for our company because they share our vision for strategic