Harvesters Credit Union in Cantonment, Fla., has agreed to buy First National Bank Northwest Florida in Panama City. The $239 million-asset First National filed an application with the Federal Deposit Insurance Corp. for the proposed merger on Aug. 5. The filing wasn’t immediately available. The $275 million-asset Harvesters has more than 18,000 members. First National has two branches.Ten credit unions have announced agreements to buy banks this year.

Sterling Bancorp in Southfield, Mich., is continuing to reckon with issues tied to a mortgage program it abruptly shuttered in 2019. The $2.5 billion-asset company said in a press release Monday that it is making progress tied to various investigations into the defunct Advantage Loan Program. Thomas O’Brien, who was hired as chairman, president and CEO in mid-2020 to address Sterling’s issues, said in the release that the company had implemented all

MidWestOne Financial Group in Iowa City, Iowa, said its CEO has stepped down temporarily to recover from a serious bicycle accident. The $6.4 billion-asset company disclosed in a regulatory filing Monday that Len Devaisher was named interim CEO on Aug. 12 after Charles Funk was injured. The filing gave no details on the extent of Funk’s injuries. Devaisher remains MidWestOne’s president and chief operating officer, posts he has held for the past two

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