Southern Bancorp in Arkadelphia, Ark., has agreed to buy FCB Financial Services in Jonesboro, Ark. The $2.1 billion-asset Southern said in a press release Monday that it expects to buy the parent of the $200 million-asset Premier Bank of Arkansas in the second quarter. It did not disclose the price it will pay. The agreement comes less than two months after Southern received an infusion of capital from the Treasury Department's Emergency

Heartland Financial USA in Dubuque, Iowa, is moving ahead with a plan to consolidate its 11 bank charters. The $19.3 billion-asset company said in a press release Monday that the banks will collapse into a single Colorado-based charter. Each bank will operate under its own brand after the consolidation. The effort is expected to begin in mid-2002 and be completed by the end of 2023. Heartland expects to incur $19 million to $20

Banner County Ban Corp. in Harrisburg, Neb.., has agreed to buy Bankers Capital in Lusk, Wyo. The $228 million-asset Banner County said in a press release that it expects to complete the purchase of Bankers Capital and its $68 million-asset Lusk State Bank in the second quarter. Banner County did not disclose the price it will pay. Banner County will gain a branch in Wyoming. Lusk State will operate as an independent

Midland States Bancorp in Effingham, Ill, will continue to work with GreenSky to develop a pipeline of consumer loans. The $7.4 billion-asset company said during its quarterly earnings call that the relationship will continue through at least 2023. GreenSky is being acquired by Goldman Sachs in a deal that is expected to close later this quarter. Midland States has been working with GreenSky for about a decade. Midland States has

Old National Bancorp in Evansville, Ind., has received approval from the Federal Reserve to buy First Midwest Bancorp in Chicago. The Fed announced its approval of the $2.5 billion acquisition on Thursday. The $24.5 billion-asset Old National agreed in June to buy the $21.8 billion-asset First Midwest. The deal is expected to close by early this year. The merger has met some resistance. Several consumer advocacy groups asked regulators in July to conduct public

MVB Financial in Fairmont, W.Va., has a new president. The $2.8 billion-asset company said in a press release Thursday that Donald Robinson had transitioned into the role. He will remain MVB’s chief financial officer as the company conducts a national search for a replacement. Robinson succeeded Larry Mazza, who will remain CEO. “To fully execute our strategic plan and to move MVB forward on the financial frontier, we need to ensure that we

HarborOne Bancorp in Brockton, Mass., has lined up its next CEO. The $4.5 billion-asset company said in a press release Thursday that James Blake will retire, effective May 18. Joseph Casey, the company’s president and chief operating officer, will succeed Casey. Blake and Casey will remain on the company’s board. Blake joined HarborOne Bank – then known as Brockton Credit Union – in 1993. He has been the CEO since 1995, overseeing the

Central Pacific Financial in Honolulu provided more information on its new Banking-as-a-Service platform, which it plans to lean on for mainland expansion. The $7.4 billion-asset company said in a press release Wednesday that it will make an equity investment in Swell, a new fintech that will work with credit-constrained consumers. Central Pacific will also serve as the bank sponsor for Swell, which is scheduled to launch its first product later this