TowneBank in Suffolk, Va., has a new president.The $15.8 billion-asset bank said in a press release Friday that Brad Schwartz had taken on the role, succeeding J. Morgan Davis. Schwartz will remain TowneBank’s chief operating officer.Davis will remain CEO.Schwartz was CEO of Monarch Bank when it was sold to TowneBank in 2016.Schwartz “has played a significant role in the enhancement of our operational capabilities as well as his contribution to

First Mid Bancshares in Mattoon, Ill., has agreed to buy Delta Bancshares in St. Louis, along with a loan and deposit portfolio in the city.The $5.8 billion-asset First Mid said in a press release Thursday that it will pay $15.2 million in cash and stock for the $697 million-asset Delta. The deal, which is expected to close in the fourth quarter, priced Delta at 141% of its tangible book value.Delta

Finward Bancorp in Munster, Ind., has agreed to buy Royal Financial in Chicago.The $1.6 billion-asset Finward said in a press release Thursday that it will pay $52.9 million in cash and stock for the $533 million-asset Royal. The deal, which is expected to close in the first quarter, priced Royal at 115% of its tangible book value.Royal has nine branches, $460 million of loans and $466 million of deposits. Finward

Community Trust Bancorp in Pikeville, Ky., will have a new CEO in 2022.The $5.5 billion-asset company said in a press release Wednesday that Jean Hale, will retire as CEO on Feb. 7. Hale has been Community Trust’s CEO for the last 23 years.Mark Gooch was named the company’s president, effective immediately, succeeding Hale. He will succeed Hale as CEO and as a director when she retires.Gooch will remain president and

Horizon Bancorp in Michigan City, Ind., plans to close 10 branches.The $6.1 billion-asset company said in a press release Tuesday that it will shutter nine locations in Indiana and one in Michigan. The closures are expected to take place on Aug. 27.Horizon announced in May that it would buy 14 TCF National Bank branches in Michigan, along with $976 million of deposits and $278 million of loans. The company said

Citizens Financial Group in Providence, R.I., has agreed to buy Investors Bancorp in Short Hills, N.J. The $185.1 billion-asset Citizens said in a press release Wednesday that it will pay $3.5 billion in cash and stock for the $27 billion-asset Investors. The deal, which is expected to close by mid-2022, priced Investors at 130% of its tangible book value. Investors has 154 branches, with 130 around New York City. It

TriCo Bancshares in Chico, Calif., has agreed to buy Valley Republic Bancorp in Bakersfield, Calif.The $8 billion-asset TriCo said in a press release Monday that it will pay $165.6 million in stock for the $1.4 billion parent of Valley Republic Bank. The deal, which is expected to close in the fourth quarter, priced Valley at 157% of its tangible book value.Valley has four branches, $988 million of loans and $1.2

CVB Financial in Ontario, Calif., has agreed to buy Suncrest Bank in Visalia, Calif.The $15 billion-asset CVB said in a press release Tuesday that it will pay $204 million in cash and stock for the $1.3 billion-asset Suncrest. The deal is expected to close by early 2022.CVB said it expects the deal to be 3.5% accretive to its 2023 earnings per share, excluding merger-related expenses and assuming full realization of