BTC Bank in Bethany, Mo., has agreed to buy Home Exchange Bank in Jamesport, Mo.The $704 million-asset BTC said in a press release that it expects to complete the purchase of the $148 million-asset Home Exchange later this year. BTC did not disclose the price it will pay.BTC will have 16 branches after the deal closes, including its first locations in Gilman City and Jamesport. “For 100 years, BTC Bank has

Arbor Bancorp in Ann Arbor, Mich., has revived plans to buy FNBH Bancorp in Howell, Mich. The $2.5 billion-asset Arbor said in a press release Monday that it will pay $116.5 million in cash for the $647 million-asset parent of First National Bank in Howell. The deal is expected to close by the end of this year. The companies originally announced plans to merge in February 2020 but called it

Sunnyside Bancorp in Irvington, N.Y., has received another offer from a would-be acquirer.Kenneth Torsoe, an investor in Suffern, N.Y., said in a press release Friday that he wants to form a holding company and buy the parent of Sunnyside Federal Savings and Loan Association for $20 a share in cash.The $99 million-asset Sunnyside agreed in July to accept an unsolicited offer from Rhodium BA Holdings valued at $14.9 million. That

OFG Bancorp in San Juan, Puerto Rico, has invested in Nymbus. Nymbus, a fintech that helps banks and credit unions with loan originations and digital products, said in a press release Thursday that OFG Ventures, a unit of the $10.5 billion-asset OFG Bancorp, led a $3 million round of financing. Nymbus said the funding will help it create new products. “Our mission has remained steadfast to help financial institutions of

Citizens Financial Group in Providence, R.I., has agreed to buy Willamette Management Associates, a valuation consulting and forensic analysis firm.The $185.1 billion-asset Citizens said in a press release Thursday that it expects to close the deal later this quarter. It did not disclose the price it will pay.Willamette Management, formed in 1969, has offices in Chicago, Atlanta and Portland, Ore. The company offers a range of financial advising services to

Organizers of Locality Bank in Fort Lauderdale, Fla., has started raising the funds needed to open the proposed bank. The group said in a press release Thursday that it has $19 million in commitments from local business leaders. The organizers have set a goal of $23 million in initial capital. "Our founders, organizers and directors are some of the most notable business leaders in the community and we are looking forward to

Alabama Credit Union in Tuscaloosa has agreed to buy Security Federal Savings Bank in Jasper, Ala.The $1.3 billion-asset credit union said in a press release Thursday that it expects to close the all-cash deal for the $39 million-asset bank in the first quarter. Alabama Credit Union did not disclose the price it will pay.“We are very excited that Security Federal has agreed to join with Alabama Credit Union, bringing together

First Bank in Hamilton, N.J., has agreed to buy two New Jersey branches from OceanFirst Financial in Red Bank, N.J. The $2.4 billion-asset First Bank said in a press release Wednesday that it the branches are located in Flemington and Monroe. First Bank will gain $124 million of deposits and $14 million of loans with an average weighted yield of 3.79%. The acquisition is expected to close in the fourth