Hometown Community Bancorp in Morton, Ill., has agreed to buy Marine Bancorp in Springfield, Ill. The parent of the $4.8 billion-asset Morton Community Bank said in a press release that it expects to buy the holding company for the $714 million-asset Marine Bank in the second quarter. The price wasn’t disclosed. "We are looking forward to partnering with such a successful community bank, with talented and dedicated employees who will

Enterprise Financial Services in St. Louis, Mo., has added three directors, including a former bank executive. The $13 billion-asset company said in a press release that Lyne Andrich, Marcela Manjarrez and Lina Young were also appointed to its bank board, effective immediately. Andrich served as chief financial officer of CoBiz Financial from May 2003 to January 2019. She also serves on the board of Fortis Financial. Manjarrez is CEO of

CNB Financial in Clearfield, Pa., plans to launch a banking division to focus on female entrepreneurs and business leaders. The $5.3 billion-asset CNB said in a press release that Impressia Bank, its sixth banking division, will debut next year. The platform will rely heavily on an online presence as it expands. Impressia will also rely on regional relationship and support managers to offer specialized services such as Small Business Administrative

RBB Bancorp in Los Angeles has hired a former bank president to serve as its chief administrative officer. The $3.9 billion-asset company said in a press release that Gary Fan will oversee marketing and wealth management. He is also expected to manage operations in the New York and Chicago markets. Fan will also focus initiatives including mergers and acquisitions, digital banking, new products and services, fintech and specialty banking. "With

Summit Financial Group in Moorefield, W.Va., has agreed to buy PSB Holding in Preston, Md. The $3.9 billion-asset Summit said in a press release that it will pay $53.9 million in stock for the $594 million-asset parent of Provident State Bank. The deal is expected to close in the second quarter. “This transaction represents an exceptional opportunity for Summit to combine with a financially strong and exceptionally well-managed bank possessing

Northeast Bank in Portland, Maine, could sell up to $50 million of common stock as part of an at-the-market offering. The $1.7 billion-asset bank said in a press release that it had entered into an equity distribution agreement with Piper Sandler to offer and sell the stock. Northeast said any proceeds from the sale would be used for a variety of purposes, including the support of additional growth. Any sales

A special purpose acquisition company affiliated with Figure Technologies said it has a nonbinding letter of intent to buy a bank holding company with national mortgage lending and servicing operations. Figure Acquisition Corp. I, a San Francisco blank check company founded by Figure's management team, did not disclose the name of the bank, though it said the lender has $3 billion to $5 billion of assets. Michael Cagney, Figure Acquisition’s

Western Alliance Bancorp. in Phoenix has added a former executive from Huntington Bancshares to its board. The $65 billion-asset company said in a press release that Kevin Blakely will stand for election at next year’s annual meeting. Blakely is a senior adviser to Oliver Wyman. Blakely’s career includes being chief risk officer at Huntington and president and CEO of the Risk Management Association. Western Alliance also named Paul Galant, a