Heartland makes Kansas City deal
Iowa’s Heartland Financial USA, and Blue Valley Ban Corp., have inked a deal for Heartland to acquire BVBC and its Bank of Blue Valley, Overland Park, Kan. [Continue]
NBH moves into Utah
Hillcrest Bank, a division of Denver’s NBH Bank, has moved into Utah, focusing on commercial and business banking clients in the Wasatch Front.
Glacier announces Utah deal
Montana-based Glacier Bancorp has signed a deal to acquire FNB Bancorp, the bank holding company for The First National Bank of Layton, Utah, for $85 million. [Continue]
Bell Bank parent selling Discovery Benefits
State Bankshares, the parent company of Fargo, N.D-based Bell Bank, announced Jan. 17 it signed an agreement to sell its subsidiary, Discovery Benefits. [Continue]
Frandsen to acquire Alerus office in Duluth, Minn.
Frandsen Bank & Trust plans to purchase a Duluth, Minn., branch from Alerus Financial, N.A. Richard Hoban, director of corporate development at the Arden Hills-Minn.-based Frandsen Financial, made the announcement Jan. 15. [Continue]
Heartland subsidiaries part with loan portfolio
Citizens Finance Co. and Citizens Finance of Illinois Co., have completed the sale of their existing loan portfolios totaling approximately $70 million to American Credit Acceptance, LLC, Spartanburg, S.C. [Continue]
Shutdown, tariffs will drag on 2019 growth
The government shutdown, now almost three weeks along, is costing the economy a lot of money — an estimated $6.5 billion dollars a week. More importantly, the shutdown will prove detrimental to first quarter GDP when its impact is linked to the effects of the ongoing trade war and the crisis unfolding overseas with Brexit. [Continue]
Indiana’s First Financial to acquire Kentucky bank
First Financial Corporation and HopFed Bancorp, Inc., announced that HFBC will merge into First Financial in a cash and stock deal worth $128.3 million. [Continue]
First International acquires Moorhead insurance agency
Johnson & Johnson Insurance will become part of Watford City, N.D.-based First International through its insurance subsidiary. [Continue]
Otting to assume top job at FHFA
Comptroller of the Currency Joseph Otting has been named acting director of the Federal Housing Finance Agency upon completion of current director Mel Watt’s term on Jan. 6. “I look forward to serving in this additional role until a permanent director is confirmed and appointed to this important position,” Otting said in a statement. This new role will be in addition to his current role at the OCC. [Continue]