Mid Penn Bancorp in Millersburg, Pa., has agreed to buy Riverview Financial in Harrisburg, Pa.The $3 billion-asset Mid Penn said in a press release Wednesday that it will pay $124.7 million in stock for the $1.4 billion-asset Riverview. The deal, which is expected to close in the fourth quarter, priced Riverview at 128% of its tangible book value.The acquisition will provide Mid Penn with its first branches in Pennsylvania’s Lehigh

Trustmark in Jackson, Miss., is the latest bank to sell Paycheck Protection Program loans to The Loan Source.The $16.9 billion-asset company disclosed in a regulatory filing Wednesday that it sold $354.2 million of PPP loans, or "substantially all" of its 2021 originations under the program.The Loan Source will assume responsibility for the servicing and forgiveness process for the loans, Trustmark said. The sale will allow Trustmark "to focus on more-traditional

Midland States Bancorp in Effingham, Ill., will report an after-tax gain of $2.9 million in the second quarter after settling a tax issue tied to government-assisted acquisitions in the wake of the 2008 financial crisis.The $6.9 billion-asset company said in a press release Tuesday that it will recognize a nearly $6.8 million tax benefit, partially offset by $3.6 million in legal and consulting expenses.Midland States bought two failed banks: Strategic

Valley National Bancorp in New York is expanding to the north with an agreement to buy Westchester Bank Holding in White Plains, N.Y. The $41 billion-asset Valley said in a press release Tuesday that it will pay $210 million in cash and stock for the $1.3 billion-asset parent of Westchester Bank. Another $10 million in cash will go to those who hold Westchester options. The deal is expected to close in

Dime Community Bancshares in Hauppauge, N.Y., plans to close five New York branches.The $13 billion-asset company said in a press release Tuesday that it will close three branches in Brooklyn and one each in Southampton and Wading River. The closures will take place in October. “We regularly review our distribution channels and these combinations are part of our ongoing efforts to improve the efficiency of our branch network,” Kevin O’Connor, Dime’s

Chemung Financial in Elmira, N.Y., disclosed that its bank had entered into a consent order with the New York State Department of Financial Services to address alleged violations of the state’s fair lending law and federal Equal Credit Opportunity Act. The order, signed last week, addressed issues the state regulator raised with Chemung Canal Trust’s indirect automobile lending program, the company said in a Tuesday regulatory filing. While it consented

Community State Bank in Avilla, Ind., will soon have a new CEO.The $347 million-asset bank said in a press release Tuesday that Will Thatcher will also become its president on July 1. He will succeed Stuart Hood, who is retiring after leading the bank for the last 12 years.Thatcher previously served as president of the Fort Wayne region for First Merchants Bank.“CSB has been a terrific experience,” Hood said in

FineMark Holdings in Fort Myers, Fla., has raised $82.5 million from a private placement.The $2.9 billion-asset parent of FineMark National Bank & Trust said in a press release Monday that it lined up buyers for 2.5 million shares of common stock.Initial shares were sold on Friday to qualified institutional buyers and accredited investors, while roughly 818,000 shares will be sold on July 15 to a fund managed by Strategic Value