First Seacoast Bancorp in Dover, N.H., will convert to a fully stock-owned company. The $500 million-asset mutual holding company said in a press release that it will undertake a second-step conversion. First Seacoast held its initial public offering in July 2019. The total amount of common stock to be issued in the proposed offering will be based on the aggregate pro forma market value of the common stock of First Seacoast as

A proposed black-led credit union in North Minneapolis has changed its name. The Association for Black Economic Power has decided to rebrand the proposed Village Financial Credit Union as Arise Community Credit Union. Organizers are planning for the credit union to serve members in Hennepin and Ramsey counties. The group decided to scrap the Village name to avoid confusion with other financial institutions currently using that word. More than a dozen other

Clarion Federal Credit Union in Brookville, Pa., has rebranded as Top Tier Federal Credit Union. The $162 million-asset credit union said in a press release that it decided to change its name as it grows and expands. Top Tier expanded its field of membership last year from four to 13 counties in northwestern Pennsylvania. The new name “will aid in our continued expansion into markets outside of our local geographic area,” CEO

Park National in Newark, Ohio, will record $11.4 million of net income in the third quarter after selling a foreclosed property. The $9.8 billion-asset company disclosed in a regulatory filing that SE Property Holdings, a subsidiary, completed the foreclosure of a property that had been charged off. The property was sold on Aug. 5 for $12.4 million. The company incurred $1 million of direct expenses tied to the sale.

MVB Financial in Fairmont, W.Va., has agreed to buy Integrated Financial Holdings in Raleigh, N.C.    The $3 billion-asset MVB said in a press release Friday that it will pay $98 million in stock for the parent of the $435 million-asset West Town Bank & Trust. The deal, which is expected to close in the first quarter, priced IFH at 128% of its tangible book value.    West Town has

ConnectOne Bancorp in Englewood Cliffs, N.J., has formed a division to focus on health care prospects and clients. The $8.8 billion-asset company tweeted an announcement about its health care commercial banking team. “Our expert team will work to provide clients with custom-tailored solutions so they can focus on delivering the highest-quality care to their patients,” the company tweeted. James Vincenti will lead the health care team. He previously worked at Valley National Bank,

BTC Bank in Bethany, Mo., has agreed to buy Merchants and Farmers Bank of Salisbury in Missouri. The $934 million-asset BTC said in a press release that it expects to gain approvals to buy the $118 million-asset Merchants and Farmers over the next two months. Integration is expected to take place in October. The price wasn’t disclosed.Merchants and Farmers “strongly aligns with BTC Bank’s culture, values and dedication to its customers and

Meridian Corp. in Malvern, Pa., has entered Florida after hiring a former bank CEO. The $1.9 billion-asset company said in a press release that it has opened a loan-production office in Bonita Springs, near Fort Myers. Meridian hired Wayne Griest, former CEO of Continental Bank in Philadelphia, to lead the Florida expansion. Griest moved to Bonita Springs after Continental was sold Bryn Mawr Trust in 2014. The company said it has already hired