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

Hanmi Financial in Los Angeles disclosed that its bank recently received a “needs to improve” rating tied to the Community Reinvestment Act.The $6.4 billion-asset company said in a Friday regulatory filing that the rating, issued by the Federal Deposit Insurance Corp., covers the period between March 29, 2018 and May 3, 2021. The rating results in restrictions on certain types of expansion, including some acquisitions and the establishment and relocation of

Heritage Financial in Olympia, Wash., is continuing to close branches.The $7.1 billion-asset company said in a press release Friday that it will shutter four locations on Oct. 29.The move will lower Heritage’s branch count to 49 locations, or a 21% decline from last fall.Heritage’s noninterest expenses fell 1.8% in the second quarter from a year earlier, to $36.4 million. Occupancy and equipment expenses decreased by 5.6%, to $4.1 million.Heritage’s net

South State in Winter Haven, Fla., has agreed to buy Atlantic Capital Bancshares in Atlanta. The $40.4 billion-asset South State said in a press release Friday that it will pay $542 million in stock for the $3.8 billion-asset Atlantic Capital. The deal, which is expected to close in early 2022, priced Atlantic Capital at 161% of its tangible book value.Atlantic Capital has two branches, $3.3 billion of deposits and $2.3