Old Mission Bank in Sault Sainte Marie, Mich., has agreed to be sold to 4Front Credit Union in Traverse City, Mich. The $1 billion-asset 4Front said in a press release that it expects to buy the $130 million-asset bank from Old Mission Bancorp by the end of this year. The price wasn’t disclosed. "We believe in making banking smart and simple," Andy Kempf, the credit union’s CEO, said in a

Heritage Financial in Olympia, Wash., has entered the Boise, Idaho, market after hiring a lending team. The $7.2 billion-asset company said in a press release that it hired Mike Trueba to serve as commercial team leader and Kara Aburusa as a credit analyst senior. Heritage plans to hire more commercial relationship managers, deposit relationship managers and support staff. Boise is "a new market we have wanted to be in for

The CEO of Integrated Financial Holdings in Raleigh, N.C., has died in a plane crash in southern Virginia. Eric John Bergevin was also Integrated’s president. The crash occurred on Saturday, the $390 million-asset company said in a press release. Another passenger on the plane, Christian Rask Fauchild, also died, according to multiple media outlets. “This is an unfathomable loss to comprehend,” Marc McConnell, the company’s chairman, said in the release.

Citizens Bank of Philadelphia in Mississippi said that its CEO is retiring. The $1.4 billion-asset unit of Citizens Holding said in a press release that Greg Mckee will also step down as its president on Jan. 31. He will remain on the bank’s board and still serve as president and CEO of the parent company. Citizens Bank said it will make an announcement about Mckee’s successor in the next two

Columbia Banking System in Tacoma, Wash., and Umpqua Holdings in Portland, Ore., expect to complete their merger in February after receiving approval from the Federal Deposit Insurance Corp. The $20.4 billion-asset Columbia and the $31.5 billion-asset Umpqua said in a press release that the FDIC was the final regulator to sign off on the transaction. The companies extended the termination deadline to March 11 to accommodate the new closing timeline.

Bancorp 34 in Scottsdale, Ariz., has raised $14 million through a private placement of common and preferred stock. The $572 million-asset company said in a press release that the private placement was led by Castle Creek Capital. The company sold about 511,000 shares of common stock and roughly 522,000 shares of non-voting preferred stock. The shares were accompanied by about 100,000 warrants to buy more shares at $14 each. The

First of Long Island in Melville, N.Y., plans to appoint a well-known activist investor to its board. The $4.3 billion-asset company said in a press release that it will nominate J. Abbott R. Cooper from Driver Management to stand for election at its upcoming annual meeting. The appointment, which would keep Cooper on the board until 2027, is part of a broader cooperation agreement between the company and Cooper. As

Nuvei, a payment technology firm in Montreal, has agreed to buy Paya Holdings, an integrated payments platform based in Atlanta. Nuvei will buy Paya from GTCR, a private equity firm, in an all-cash transaction with a total enterprise value of about $1.3 billion. Paya serves clients in the B2B, government, utilities, nonprofit and health care markets. The company processes more than $45 billion of annual payment volume. GTCR bought Paya in 2017. Paya