A trio of banks has disclosed recent sales of Paycheck Protection Program loans.Amerant Bancorp in Coral Gables, Fla.; Eagle Bancorp in Bethesda, Md.; and BancorpSouth Bank in Tupelo, Miss., said in separate press releases that they had sold a total of $990 million of PPP loans. They did not disclose the buyers.The $7.5 billion-asset Amerant said it sold $95.1 million of PPP loans in May. An additional $59.9 million of

Simmons First National in Pine Bluff, Ark., and Landmark Community Bank in Collierville, Tenn., tried on three occasions to work out a deal before announcing a $146.3 million merger in early June. The $23.3 billion-asset Simmons walked away twice, according to a regulatory filing associated the with its proposed acquisition. We’ll look at the details after reviewing the key aspects of the planned merger. The deal priced the $1 billion-asset

CNB Financial in Clearfield, Penn., is set to enter Virginia.The $5.1 billion-asset company said in a press release Tuesday that it will open a loan-production office in Roanoke, Va. CNB said the office, which will offer commercial loans, cash management services and private banking, will operate as Ridge View Bank.The company operates under a variety of bank brands depending on the market. CNB Bank is in central and north central

Level One Bancorp in Farmington Hills, Mich., has a new president. The $2.6 billion-asset company said in a press release Tuesday that it had promoted Timothy Mackay to the role. He succeeded Patrick Fehring, who will remain chairman and CEO. Mackey, previously an executive vice president and consumer banking officer, also become president of Level One Bank. Mackay has been responsible for the strategic leadership of the bank’s consumer banking

Hancock Whitney in New Orleans eliminated 200 jobs and will close 18 branches.The $35.1 billion-asset company said in a press release Tuesday that the branches will close in October. Including 20 locations that were closed earlier in the year, Hancock has reduced its network by about 18% since the end of 2020.The layoffs represented about 5.5% of the company’s workforce.Hancock had previously cut 260 positions after offering a voluntary early

Cambridge Savings Bank in Boston has created a digital-only bank.The $5 billion-asset mutual bank said in a press release that it had created Ivy Bank to provide competitive rates for online savings accounts and CD, along with “human-centric customer support to help consumers work towards reaching their financial goals.”The digital-only bank includes a money management tool that lets customers view all of their bank accounts in one place, including those

Equity Bancshares in Wichita, Kan., will enter the St. Joseph, Mo., market after buying three branches from Valley View Financial in Overland Park, Kan. The $4.3 billion-asset Equity said in a press release Monday that it will also gain the assets and deposits associated with the branches. The deal is expected to close in December. Equity did not disclose the price it will pay.The branches had $71.9 million of deposits

Spencer Savings Bank in Elmwood Park, N.J., has agreed to buy Mariner’s Bank in Edgewater, N.J.The $3.6 billion-asset Spencer said in a press release Friday that it will pay cash for the $414 million-asset Mariner’s. The deal is expected to close in the fourth quarter.Mariner’s has six branches, $348 million of loans and $362 million of deposits.The deal is expected to be nearly 30% accretive to Spencer's 2022 earnings.“This opportunity