QNB Corp. in Quakertown, Pa., has agreed to buy Victory Bancorp in Limerick, Pa. The $1.9 billion-asset QNB said in a press release that it will pay $41 million in stock for the $500 million-asset Victory. The deal is expected to close in the fourth quarter. The deal is projected to be about 16% accretive to QNB’s 2026 earnings per share and 19% accretive the following year. It should take

America First Federal Credit Union in Riverdale, Utah, has agreed to buy Meadows Bank in Las Vegas. The $23 billion-asset America First aims to be the biggest credit union to buy a bank. It did not disclose the price it plans to pay for the $1.4 billion-asset Meadows. Meadows has six branches in Nevada and Arizona. The deal "will further strengthen America First’s ability to provide its members with comprehensive

Fidelity Bank & Trust in Dubuque, Iowa, has applied to buy Frost State Bank in Frost, Minn., and State Savings Bank in Rake, Iowa. The $2 billion-asset Fidelity submitted applications with the Federal Deposit Insurance Corp. on Sept. 22 to buy the $53.4 million-asset Frost and the $80.5 million-asset State Savings. The prices were not disclosed.

Park State Bank in Duluth, Minn., has applied to buy First National Bank of Chisholm in Minnesota. The $1.4 billion-asset Park State submitted its application with the Federal Deposit Insurance Corp. on Sept. 18. It did not disclose how much it plans to pay for the $77.3 million-asset First National. The deal is expected to close in the fourth quarter. “This is more than a merger — it’s a meaningful

The owners of Grand Marais State Bank in Grand Marais, Minn., and CenBank in Buffalo Lake, Minn., are merging the banks. The group said in a press release that it expects to merge the $81.3 million-asset CenBank into the $117.6 million-asset Grand Marais in the first quarter. Grand Marais will have five branches when the merger is complete. "This merger provides Grand Marais ... an opportunity for significant growth and

Sound Financial Bancorp in Seattle has a new president. The $1.1 billion-asset said in a press release that Wes Ochs will take on the role on Oct. 1. Ochs, who is the chief financial officer, will succeed Laurie Stewart, who remains CEO.

Axos Financial in San Diego has agreed to buy equipment leasing company Verdant Commercial Capital. The $24.8 billion-asset Axos said in a press release that it expects to pay $43.5 million for Verdant, which had about $1.1 billion of loans and leases on its balance sheet as of Aug. 31, including $750 million of securitizations. The deal is expected to close on Sept. 30. Verdant can earn performance-based cash considerations

Anchorage Digital Bank has applied for a Fed master account. The cryptocurrency custody bank applied on Aug. 28, according to the Fed's database. The application comes on the heels of the Office of the Comptroller of the Currency terminating a 2022 consent order against Anchorage Digital Bank tied to a past “failure to adopt and implement a compliance program” in accordance with anti-money laundering standards. The OCC lifted the order