Fifth Third Bancorp in Cincinnati has agreed to buy Comerica in Dallas. The $210 billion-asset Fifth Third said in a press release that it will pay $10.9 billion in stock for the $78 billion-asset Comerica. The deal, which is expected to close in the first quarter, priced Comerica at 173% of its tangible book value. The acquisition “marks a pivotal moment for Fifth Third as we accelerate our strategy to

F&M Bank in Edmond, Okla., has agreed to buy Community National Bank of Okarche in Oklahoma. The $758 million-asset F&M Bank did not disclose how much it will pay for the $128 million-asset Community National. The deal is expected to close in the fourth quarter. "We have immense respect for the relationship banking approach Community National ... represents in the markets they operate in," John Tom Anderson, F&M's CEO, said

Synchrony in Stamford, Conn., has acquired consumer financing software provider Versatile Credit. Synchrony said in a press release that Versatile Credit, based in Mechanicsburg, Pa., connects merchants, lenders, and consumers through point-of-sale solutions. The price wasn't disclosed. “As a trusted partner to some of the country's most respected brands, as well as hundreds of thousands of small- and midsize businesses and health and wellness providers, Synchrony is committed to bringing

Connections Bank in Platte City, Mo., has agreed to buy a branch in Columbia, Mo., from BTC Bank in Bethany, Mo. The $500.7 million-asset Connections did not disclose the price it will pay the $1.4 billion-asset BTC for the location. The deal is expected to close in the fourth quarter or early 2026. The branch had $17.6 million of deposits on June 30, according to the Federal Deposit Insurance Corp.

The leader of the Dakota Credit Union Association has stepped down after a decade of leading the trade group. The association said that Jeff Olson resigned as president and CEO, though no reason was given for his departure. George McDonald, the association's chief officer of partnerships and engagement, was named interim president and CEO. McDonald "is a respected member of the DakCU leadership team, and the board is confident in

Jack Henry & Associates acquired Victor Technologies, an API-first provider of direct-to-core embedded payments solutions, from MVB Financial in Fairmont, W.Va. MVB, which had called the sale "Project Volt," said in a press release that the sale should generate a $33 million pretax gain. Victor was created in 2021 and incubated within MVB. MVB said the sale gives it more flexibility to pursue balance sheet and capital management strategies, which

FNB Bank in Mayfield, Ky., has a new leadership. The $721 million-asset bank said in a press release that Paul Scott had become its CEO and Lori Noel is now president. They succeeded Sally Hopkins, who retired but is the chairman. “It’s an honor to take on the leadership of an institution with such a rich history and a deep commitment to its community,” Scott, who was chief financial officer,

Prosperity Bancshares in Houston has agreed to buy Southwest Bancshares in San Antonio, Texas. The $38.4 billion-asset Prosperity said in a press release that it will pay $268.9 million in stock for the $2.4 billion-asset parent of Texas Partners Bank. The deal, expected to close in the first quarter, priced Southwest at 153% of its tangible book value. Texas Partners has 11 branches, $1.9 billion of loans and $2.1 billion