BancPlus in Ridgeland, Miss., has agreed to buy First Trust in New Orleans. The $5.1 billion-asset BancPlus said in a press release Wednesday that it expects to complete the purchase of the $1.3 billion-asset First Trust in the first quarter. It did not disclose the price it will pay. First Trust has 14 branches, $1.2 billion of deposits and $1.1 billion of loans in Louisiana, Mississippi and Florida.  “We are very

Southern Missouri Bancorp in Poplar Bluff, Mo., will enter the St. Louis market with an agreement to buy Fortune Financial in Arnold, Mo.The $2.7 billion-asset Southern Missouri said in a press release Tuesday that it will pay $29.9 million for the $254 million-asset parent of FortuneBank. Southern Missouri will also assume about $7.5 million of subordinated debt. The deal is expected to close late in the first quarter. FortuneBank has $209 milion

MainStreet Bancshares in Fairfax., Va., has promoted an insider to run its newly formed Banking as a Service division. The $1.7 billion-asset company said in a press release Tuesday that Todd Youngren had become president of Avenu, a division of its bank that looks to provide services to fintechs.Youngrens previously served as managing director for the fintech and payments banking group."This promotion recognizes Todd’s exceptional leadership in bringing our Banking

First Financial in Terre Haute, Ind., is planning to combine its two banking units. The $4.8 billion-asset company said in a press release Monday that it will merge The Morris Plan Company of Terre Haute into First Financial Bank on Dec. 31. First Financial said the move will result in increased efficiencies, beginning in the first quarter.

Bank of Marin Bancorp in Novato, Calif., will have a new CEO in November. The $4 billion-asset company said in a press release Friday that Tim Myers, its president and chief operating officer, will succeed Russell Colombo, who is retiring on Oct. 31. Myers will also join the company’s board.Colombo has been CEO for 15 years. Myers joined Bank of Marin in 2007. “With Russ at the helm, we benefited

Primis Financial in McLean, Va., has agreed to sell its minority stake in Southern Trust Mortgage. The $3.4 billion-asset Primis said in a press release Thursday that it expects to record a pretax charge of $2.9 million in the third quarter tied to the sale. Primis also said it will not longer accrue earnings tied to the bank’s common membership interest in the mortgage lender. Southern Trust will buy the stake

HarborOne Bancorp in Brockton, Mass., has agreed to buy four branches in Massachusetts from Independent Bank in Rockland, Mass. The $4.6 billion-asset HarborOne said in a press release Thursday that it will buy the leases to branches that had belonged to East Boston Savings Bank, which Independent is set to buy later this year. HarborOne opened its first Boston-area office in 2018. It now has more than $370 million of loans and

Valley National Bancorp in New York has agreed to buy Bank Leumi USA in New York. The $41 billion-asset Valley said in a press release Thursday that it will pay Bank Leumi Le-Israel B.M. about $1.2 billion in cash and stock for the $8.4 billion-asset Bank Leumi. The deal, which is expected to close in the first quarter or early in the second quarter, priced Bank Leumi at 130% of its tangible book