CNB Financial in Clearfield, Pa., has hired an outsider to serve as president of its bank.The $5.1 billion-asset company said in a press release Tuesday that Michael Peduzzi had also become chief operating officer of CNB Bank.Peduzzi “brings superb financial skills and a deep knowledge of banking to CNB,” Peter Smith, CNB Bank’s chairman, said in the release. “He understands the investor community and projects leadership, integrity and empathy. Ten

The First of Long Island in Glen Head, N.Y., plans to close eight branches at the end of November. The $4.1 billion-asset company said in a press release Wednesday that it expects to record a pretax charge of up to $3.8 million over the rest of the year tied to the planned closures. The effort should add $2.3 million to the company’s pretax income next year.The First of Long Island

FVCBancorp in Fairfax, Va., has bought a minority stake in Atlantic Coast Mortgage in Fairfax.The $2 billion-asset company said in a press release Tuesday that it acquired a 28.7% ownership interest in the mortgage company. FVCBancorp did not disclose the price it paid.The bank provides a warehouse lending facility to Atlantic Coast, including a construction-to-permanent financing line, and has developed portfolio mortgage products to diversify its current held-for-investment loan portfolio.Atlantic

Cadence Bancorp. in Houston has agreed to pay a $3 million penalty and provide more than $4 million in loan subsidies to address claims of discrimination in its mortgage lending operation.The Justice Department and the Office of the Comptroller of the Currency said in a Monday press release that the settlement closes a probe into the $18.7 billion-asset company lending practices.Cadence agreed in April to sell to the the $24

Home Bancorp in Lafayette, La., has agreed to sell a branch in Vicksburg, Miss., to Delta Bank in Vidalia, La.The $2.8 billion-asset Home said in a regulatory filing Monday that it will also sell $15.7 million in deposits and $2.3 million in loans. Home will receive a premium based on specified percentages of deposit and loan categories.The deal is expected to close in January.Home said it expects to report a

Mountain Valley Bank in Walden, Colo., has agreed to buy Cache Bank & Trust in Greeley, Colo.The $318 million-asset Mountain Valley said in a press release Friday that it will buy substantially all the $111 million-asset Cache’s deposits, loans and branches in Greeley and Fort Collins. Mountain Valley did not disclose the price it will pay.The deal is expected to close in the fourth quarter.Cache originally agreed to be sold

MVB Financial in Fairmont, W.Va., will increase its stake in Interchecks Technologies, a payment disbursement platform. Interchecks, founded in 2016, has offices in Boca Raton, Fla., and Brooklyn, N.Y. The company has a focus on the gaming industry segments of online sports betting, daily fantasy sports and iGaming. The $2.7 billion-asset MVB said in a press release Thursday that it will boost its stake to 16% by paying $4.2 million,

Rhodium BA Holdings has increased the price it will pay for Sunnyside Bancorp in Irvington, N.Y.The $99 million-asset Sunnyside disclosed in a regulatory filing Thursday that Rhodium increased the size of its offer by 8%, to $20.25 a share. Sunnyside also agreed to pay Rhodium a $1.5 million fee if it terminates the sale.Rhodium also agreed to indemnify Sunnyside and its directors and officers for up to $1 million of