CVB Financial in Ontario, Calif., has agreed to buy Suncrest Bank in Visalia, Calif.The $15 billion-asset CVB said in a press release Tuesday that it will pay $204 million in cash and stock for the $1.3 billion-asset Suncrest. The deal is expected to close by early 2022.CVB said it expects the deal to be 3.5% accretive to its 2023 earnings per share, excluding merger-related expenses and assuming full realization of

First Busey in Champaign, Ill., plans to close 15 branches. The $12.4 billion-asset company said in a press release Tuesday that it will close the locations in the fourth quarter. The closures are designed “to ensure a balance between the company’s physical banking center network and its robust digital banking services,” the release said. The move is expected to save First Busey $3.5 million annually. The company plans to incur

Organizers of Genesis Bank in Newport Beach, Calif., have raised enough capital to open their proposed de novo.The group said in a press release Monday that it brought in $57 million in a capital raise led by Stephen Gordon of Gordon Ventures and Arkview Capital.Gordon, who is set to serve as the bank’s chairman and CEO, is the former CEO of Opus Bank. Arkview, founded by Joon Chang, Pavel Chernyshov and Vijay Mehta, is

MainStreet Bancshares in Fairfax, Va., has added a former regulator to its board. The $1.7 billion-asset company said in a press release that Rafael DeLeon has become one of its directors. DeLeon, a senior vice president of industry engagement for Ncontracts, recently retired as director for banking relations at the Office of the Comptroller of the Currency. At the OCC, he led and instructed the workshops for community bank directors and

First Western Financial in Denver has agreed to buy Teton Financial Services in Jackson, Wyo. The $2 billion-asset First Western said in a press release that it will pay $47.8 million in cash and stock for the $420.7 million-asset parent of Rocky Mountain Bank. The deal is expected to close by early 2022. Rocky Mountain Bank has 3 branches, $374.6 million of deposits and $267.9 million of loans. The bank

Bank of the Lowcountry in Walterboro, S.C., has a new CEO. The $269 million-asset bank said in a LinkedIn post on Friday that it had hired Marc Bogan. Bogan previously served as president and CEO of Fauquier Bank in Warrenton, Va. The bank was sold to Virginia National Bancshares in Charlottesville earlier this year. Prior to joining Fauquier, Bogan was president and chief operating officer of NewDominion Bank.Bank of the Lowcountry

HBT Financial in Bloomington, Ill., is planning to close a number of branches. The $4 billion-asset company said in a press release Monday that it closed a location in the second quarter, with five more closures set to take place by Sept. 30. The branches represented about 9.5% of its network. HBT said the closures will lead to $800,000 in pretax costs, largely tied to asset impairment and severance payments, with

Old Second Bancorp in Aurora, Ill., has agreed to buy West Suburban Bancorp in Lombard, Ill. The $3.3 billion-asset Old Second said in a press release Monday that it will pay $297 million in cash and stock for the $3 billion-asset West Suburban. The deal, which is expected to close in the fourth quarter, priced West Suburban at 122% of its tangible book value. West Suburban has 43 branches, $1.5 billion of