Norwood Financial in Honesdale, Pa., is looking for a new CEO. The $2 billion-asset company said in a press release Monday that Lewis Critelli will also retire as its president during the first half of next year. Norwood said it had hired Kaplan Partners to help it find a successor. Critelli has been Norwood’s president and CEO since 2010. Under his leadership, the company completed three acquisitions and expanded into new markets

Patriot National Bancorp in Stamford, Conn., has agreed to buy American Challenger Development in a move designed to create the nation’s biggest challenger bank. The $952 million-asset Patriot National said in a press release Monday it will pay $119 million for American Challenger. The deal will be structured as a reverse subsidiary merger, with American Challenger surviving as a wholly owned subsidiary of Patriot. Raymond Quinlan, American Challenger’s CEO, will

Eagle Bancorp Montana in Helena has pushed back the closing date of its pending purchase of First Community Bancorp in Glasgow, Mont. The $1.4 billion-asset Eagle said in a regulatory filing Friday that it now expects to complete the acquisition in the first quarter. The company originally forecast a fourth quarter closing. Eagle did not provide a reason for the new timeline. Eagle announced the $41.3 million deal in October.  The deal is expected

Providence Bank & Trust in South Holland, Ill., has agreed to but Leaders Bank in Oak Brook, Ill. The $1.3 billion-asset Providence did not disclose the price it will pay for the $359 million-asset Leaders.The acquisition “reflects our ongoing commitment to providing personalized banking services and products at the community level,” Steve Van Drunen, Providence’s president and CEO, said in the release."We’re confident that customers will have a positive banking experience,

Georgia Banking Co. in Atlanta has agreed to buy Peoples BankTrust in Buford, Ga.The $1 billion-asset Georgia Banking said in a press release Wednesday that it will pay $58 million in cash and preferred stock for the $439 million-asset Peoples. The deal is expected to close in the first quarter. Peoples one branch, $393 million of deposits and $151 million of loans. Georgia Banking was recapitalized by an investor group led

QCR Holdings in Moline, Ill., has agreed to buy Guaranty Federal Bancshares in Springfield, Mo. The $6 billion-asset QCR said in a press release Tuesday that it will pay $151.6 million in cash and stock for the $1.2 billion-asset Guaranty Federal. The deal is expected to close in the first or second quarter. QCR plans to merge Guaranty Bank into its Springfield First Community Bank charter, though the combined bank

CBTX in Houston has agreed to merge with Allegiance Bancshares in Houston. The companies said in a press release that the $4.2 billion-asset CBTX will be the legal acquirer of the $6.8 billion-asset Allegiance. The deal is expected to close in the second quarter. Allegiance shareholders will own 54% of the combined company. The name of the holding company and the bank have yet to be determined. "We are very excited to

Capital One Financial in McLean, Va., has added a former bank CEO to its board. The $425 billion-asset company said in a press release Friday that Christine Detrick had become a director and will stand for election next May. She will serve on the audit and risk committees. Detrick recently served as a director and head of the Americas financial services practice at Bain & Co. Previously, she was a member of