Robins Financial Credit Union in Warner Robins, Ga., has agreed to buy Persons Banking in Forsyth, Ga.The $3.9 billion-asset Robins Financial did not disclose the price it will pay for the $430 million-asset Persons. The deal is the second in a week where a Georgia credit union plans to buy a bank. Georgia's Own Credit Union agreed on Feb. 21 to buy Vinings Bank in Smyrna, Ga. “I am enthusiastic about the

TD Bank Group in Toronto has agreed to buy First Horizon in Memphis, Tenn.The $525 billion-asset TD said in a press release Monday that it will pay $13.4 billion in cash for the $89 billion-asset First Horizon. The deal, which is expected to close this fall, priced First Horizon at 210% of its tangible book value. “First Horizon is a great bank and a terrific strategic fit for TD,” Bharat Masrani,

Amalgamated Financial in New York has called off its planned purchase of Amalgamated Bank of Chicago.The $6.9 billion-asset Amalgamated Financial in New York had agreed in September to buy Amalgamated Bank for $98.1 million in cash. Chicago’s Amalgamated has $1 billion of assets. The New York bank said in a press release Friday that it withdrew the merger application for regulatory approval “due to an inability to obtain such approval.” Amalgamated in

Lynn Fuller, a former CEO of Heartland Financial USA, is retiring as the Dubuque, Iowa, company’s executive operating chairman. The $19.3 billion-asset company disclosed in a regulatory filing Friday that Fuller, 72, will step down at its 2022 annual meeting. He will remain on Heartland’s board; his current three-year term is set to end in 2024. Fuller had a large role turning Heartland into the company it is today. He was

Hanover Bancorp in Mineola, N.Y., is setting the stage for an initial public offering. The $1.5 billion-asset company filed a shelf registration on Wednesday for the proposed IPO. The filing did not provide a timeline or an estimate of how capital would be raised.Stephens and Piper Sandler would underwrite the offering. Hanover said “substantially of the offering’s net proceeds would go to its bank to “enhance regulatory capital to support organic and

Cadence Bank in Houston has committed $20.7 billion to low- and moderate-income communities as part of the five-year community benefits plan. Cadence, which merged with BancorpSouth in Tupelo, Miss., last fall to create a $50 billion-asset bank, said in a press release Thursday that it worked on the plan with the National Community Reinvestment Coalition. The plan includes $11.8 billion in residential mortgage loans to low- and moderate-income (LMI) borrowers, LMI geographies and

The mutual holding company of East Cambridge Savings Bank in Massachusetts has agreed to buy Patriot Community Bank in Woburn, Mass. The $1.3 billion-asset 1854 Bancorp said in a press release Friday that it will pay $15.75 a share for the $208 million-asset Patriot Community. The deal is expected to close in the third quarter. “Through this merger, we look forward to providing expanded banking services and convenience to consumers and small

Popular Inc. in San Juan, Puerto Rico, has agreed to buy its customer experience and key client-facing applications from Evertec.The $75 billion-asset Popular disclosed in a regulatory filing Thursday that it will pay $197 million for the assets by lowering its stake in Evertec from about 16% to 10.5%. The acquisition includes the Mi Banco digital banking platform, cash management online application and other digital customer service applications, Popular said in