Middlefield Banc Corp. in Middlefield, Ohio, is looking for a new leader. The company said in a press release Friday that Thomas Caldwell plans to retire as president and CEO in March 2022. Middlefield said it has begun looking at internal and external candidates to succeed Caldwell.Caldwell has been Middlefield's president and CEO for 26 years, helping take the company public in 2001. "Under Tom’s leadership, Middlefield has grown significantly, achieved strong

RCB Holding in Claremore, Okla., has agreed to buy Oklahoma State Bancshares in Vinita.The $3.7 billion-asset RCB said in a press release that it expects to buy the $306 million-asset parent company of Oklahoma State Bank and Lakeside Bank in the third quarter.RCB did not disclose the price it will pay. “What attracted us ... was the bank’s reputation and their employees within each of their communities,” Roger Mosier, RCB's president

Columbia Financial in Fair Lawn, N.J., has agreed to buy Freehold Bancorp in Freehold, N.J. The $9 billion-asset Columbia said in a press release Thursday that the $300 million-asset Freehold will convert to a federal savings bank and operate as a wholly-owned subsidiary. Freehold Bank will be merged into Columbia Bank two years after the holding companies have merged. The deal is expected to close in the fourth quarter.  Freehold has

Cross River Bank in Fort Lee, N.J., has formed a venture capital division to invest in fintechs and other startups.The $13.5 billion-asset company said that Cross River Digital Ventures will also evaluate companies involved with lending, payments and investing. The bank already serves as the regulated financial institution for several fintechs. “Cross River already powers some of the largest companies in fintech and this new endeavor will help us identify and

Sunnyside Bancorp in Irvington, N.Y., has terminated an agreement to be sold to a Florida real estate firm to instead sell to group tied to a New York real estate investor.The $98 million-asset Sunnyside agreed in March to a deal with DLP Real Estate Capital in Saint Augustine, Fla., valued at $12.3 million. Shortly after that deal was announced, Rhodium BA Holdings went public with an unsolicited offer that valued

Equity Banchshares in Wichita, Kan., didn’t waste time getting the S-4 out for its pending acquisition of American State Bancshares in Wichita. The $73.6 million deal, announced last month, would bolster the $4.2 billion-asset Equity’s operations in its home state. First, a review of the acquisition’s terms: The deal, which is expected to close in early October, priced the $779 million-asset American State at 111% of its tangible book value. The

Organizers in Arizona have applied to form a Integro Bancorp in Phoenix.The group submitted an application with the Federal Deposit Insurance Corp. on Tuesday for deposit insurance.The application did not disclose how much initial capital organizers plan to raise.In an April announcement posted on LinkedIn, they said the proposed bank would be primarily focused on small businesses. It plans to introduce a consultative product called Integro360. Thomas Inserra would serve as

Lake Michigan Credit Union in Grand Rapids, Mich., is doubling down in Florida with an agreement to buy Pilot Bank and National Aircraft Finance.The $10.4 billion-asset credit union said in a press release Wednesday that it will pay about $96.6 million in cash for the $656 million-asset Pilot. The deal is expected to close in the fourth quarter.Lake Michigan Credit Union, which bought Encore Bank in Florida in 2018, will