Strategic Insights into Banking & Fintech

Ballston Spa Bancorp to buy NBC Bancorp in New York

Ballston Spa Bancorp to buy NBC Bancorp in New York

Ballston Spa Bancorp in Ballston Spa, N.Y., has agreed to buy NBC Bancorp in Coxsackie, N.Y. The $912 million-asset Ballston Spa said in a press release that it will pay $26 million in stock for the $400 million-asset NBC. The deal is expected to close in the second quarter. John Balli, NBC's president and CEO, will become president of the combined company. "The combined company will have a larger market

September 24, 2025
Prospect Bank in Illinois taps insider as new CEO

Prospect Bank in Illinois taps insider as new CEO

Prospect Bank in Paris, Ill., has a new CEO. The $698.1 million-asset Prospect said in a press release that Eric Volkmann also became its chairman. Jenelle Adams will succeed Volkmann as president on Jan. 1. She is an executive vice president at the bank.

September 24, 2025
Cooperative Bank of Cape Cod in Mass. opts for shorter name

Cooperative Bank of Cape Cod in Mass. opts for shorter name

Cooperative Bank of Cape Cod in Yarmouth Port, Mass., shortened its name. The $1.6 billion-asset bank rebranded as Cape & Coast Bank. “As Cape Cod has evolved, so too has the bank, adapting to meet the needs of all who live, work, and love this place,” Lisa Oliver, the bank's chair, president and CEO, said in a statement. “This new name and refreshed brand are a natural next step, honoring

September 24, 2025
Century Bancorp to buy Wrightsville Bancshares in Georgia

Century Bancorp to buy Wrightsville Bancshares in Georgia

Century Bancorp in Milledgeville, Ga., has agreed to buy Wrightsville Bancshares in Wrightsville, Ga. The deal is expected to close by early next year; the price wasn't disclosed.  “This partnership is a natural fit,” Derek Williams, Century's president and CEO, said in the release.  “The Bank of Wrightsville team has built lasting relationships through personal service, community involvement, and a commitment to doing what’s right for their customers. ... By coming

September 23, 2025
QNB to buy Victory Bancorp in Pennsylvania

QNB to buy Victory Bancorp in Pennsylvania

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

September 23, 2025
America First FCU to buy Meadows Bank in Nevada

America First FCU to buy Meadows Bank in Nevada

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

September 23, 2025
Fidelity Bank in Iowa applies to buy Frost State and State Savings Bank

Fidelity Bank in Iowa applies to buy Frost State and State Savings Bank

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.

September 23, 2025
Park State in Minnesota applies to buy First National Bank of Chisholm

Park State in Minnesota applies to buy First National Bank of Chisholm

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

September 22, 2025