QCR Holdings in Moline, Ill., has agreed to buy Guaranty Federal Bancshares in Springfield, Mo. The $6 billion-asset QCR said in a press release Tuesday that it will pay $151.6 million in cash and stock for the $1.2 billion-asset Guaranty Federal. The deal is expected to close in the first or second quarter. QCR plans to merge Guaranty Bank into its Springfield First Community Bank charter, though the combined bank

CBTX in Houston has agreed to merge with Allegiance Bancshares in Houston. The companies said in a press release that the $4.2 billion-asset CBTX will be the legal acquirer of the $6.8 billion-asset Allegiance. The deal is expected to close in the second quarter. Allegiance shareholders will own 54% of the combined company. The name of the holding company and the bank have yet to be determined. "We are very excited to

Capital One Financial in McLean, Va., has added a former bank CEO to its board. The $425 billion-asset company said in a press release Friday that Christine Detrick had become a director and will stand for election next May. She will serve on the audit and risk committees. Detrick recently served as a director and head of the Americas financial services practice at Bain & Co. Previously, she was a member of

Malvern Bancorp in Paoli, Pa., said it will have a special loan-loss provision in its fiscal fourth quarter after selling three loans and recording a writedown. The $1.2 billion-asset company said in a press release Friday that it recorded a $10.4 million writedown after selling loans with an aggregate book balance of $29.3 million. The loans sold included about $12.2 million of nonaccruing loans and $17.1 million of performing troubled-debt restructurings. The

Dickinson Financial, the parent of Armed Forces Bank in Leavenworth, Kan., has agreed to buy the residential mortgage operations of KS StateBank in Manhattan, Kan.The $1.2 billion-asset Armed Forces Bank did not disclose how much it will pay the $2.3 billion-asset KS StateBank. The transaction is expected to close in the fourth quarter.The deal is expected to more than double Armed Forces Bank’s mortgage lending business and add four loan-production

Organizers of the proposed Locality Bank in Fort Lauderdale, Fla., have received conditional approval for deposit insurance from the Federal Deposit Insurance Corp. The FDIC is requiring the group to raise $23 million before opening the de novo, according to the Nov. 1 order. Locality’s organizers announced plans for the bank in March. The group said in August that it had secured $19 million in commitments from local business leaders. Keith Costello is

Amerant Bancorp in Coral Gables, Fla., is cutting costs through a outsourcing agreement with FIS.The $7.5 billion-asset Amerant said in a press release Thursday that the multiyear agreement gives FIS full responsibility for a number of functions, including certain back-office operations.  The move will outsource 90 positions to FIS and reduce Amerant’s annual expenses by $12 million. "We are excited to begin this relationship with FIS and for the positive impact

Blue Ridge Bankshares in Charlottesville, Va., said an issue raised by the Office of the Comptroller of the Currency will delay the planned completion of its purchase of FVCBankcorp in Fairfax, Va.The $2.7 billion-asset Blue Ridge did not provide details on the issue, though it said the “regulatory concerns … could impact the application process and timing” of the merger. Blue Ridge, which originally planned to close the deal in the