BancFirst in Oklahoma City has agreed to buy American Bank of Oklahoma in Collinsville. The $14 billion-asset BancFirst said in a press release that it expects to buy the $320 million-asset American Bank in the third quarter. The price wasn't disclosed. "Collinsville and Skiatook are thriving communities that continue to experience dynamic growth in northeastern Oklahoma," David Harlow, BancFirst's CEO, said in the release. "This acquisition aligns with our continued commitment to serving communities here in

Independent Bank Corp. in Rockland, Mass., plans to cut 125 jobs this year as part of its planned acquisition of Enterprise Bancorp in Lowell, Mass. Independent agreed in December to buy Enterprise for $562 million in a deal expected to close in the second half of this year. Independent filed a Worker Adjustment and Retraining Act (WARN) notice, stating that the jobs will be cut across three locations between July

Ameris Bancorp in Atlanta has been freed from a November 2023 consent order tied to redlining claims. The U.S. District Court for the Middle District of Florida ended the order between the company and the Department of Justice, dismissing the related civil action with prejudice. The recent order came after the Justice Department submitted an unopposed motion to lift the enforcement action. The order addressed alleged violations of fair lending

Hometown Financial Group in Peabody, Mass., has agreed to buy CFSB Bancorp in Quincy, Mass. The $6.6 billion-asset Hometown said in a press release that it will pay $44 million in cash for the $366 million-asset parent of Colonial Federal Savings Bank. The deal is expected to close in the fourth quarter. "This merger will increase our presence in eastern Massachusetts, and we're eager to share the power and resources of

PNC Financial Services Group in Pittsburgh has agreed to buy Charlotte, N.C., broker-dealer Aqueduct Capital Group. PNC said in a press release that it expects to buy Aqueduct in mid-summer. The price wasn't disclosed. Aqueduct, a placement agent focused on raising capital for private equity, private credit and real asset managers, was founded in 2003. "This acquisition is complementary to existing capital advisory capabilities provided through PNC's subsidiary Harris Williams and

An investor group no longer plans to buy Eureka Homestead Bancorp in Metairie, La. Eureka Investor Group agreed to pay the $96.8 million-asset bank $325,000 in fees tied to the termination. About $200,000 of the fees were paid in April through the release of funds from an existing escrow account. The termination occurred because the investor group was unable to raise the funds needed to close the deal on time.

Elemi Bank, a proposed bank in California that received conditional approval from the Federal Deposit Insurance Corp. last fall, will not open. The FDIC updated the proposed de novo's status with no explanation why organizers scrapped their plans for the bank. The agency had required organizers to raise $25 million before opening Elemi. The group behind the bank applied with the FDIC in late 2023. The proposed bank would have

Choice Bank in Fargo, N.D., added three banking veterans, including a former CEO, to its board. The $5.6 billion-asset unit of Choice Financial said in LinkedIn post that Cathy Nash, Randy Bryan, and Andrew Jackson had become directors. Nash is a former CEO of Citizens Republic Bancorp and Woodforest National Bank. Bryan is a former executive at First Horizon and Iberiabank, while Jackson was at Huntington National Bank and TCF