BOISE, Idaho–Bank of Idaho continues its expansion in the western part of the state by opening its second Boise location at 6981 W. Overland Road. The branch opened for business on October 1, 2019. Bank of Idaho has been a cornerstone in eastern Idaho since 1985, when their headquarters opened in Idaho Falls. This newest Boise office will be the CONTINUE READING >>
Summit Financial Group, Inc. to Acquire Cornerstone Financial Services, Inc. and Its Wholly-Owned Subsidiary, Cornerstone Bank, Inc.
MOOREFIELD, W.Va. and WEST UNION, W.Va.–(GLOBE NEWSWIRE)–Summit Financial Group, Inc. (“Summit”) (NASDAQ: SMMF) and Cornerstone Financial Services, Inc. (“Cornerstone”) announce the signing of a definitive merger agreement between Summit and Cornerstone. Pursuant to the terms of the merger agreement, Summit will acquire all of the outstanding shares of common stock of Cornerstone in exchange for cash in the amount of CONTINUE READING >>
MUNCIE, Ind.–First Merchants Corporation (NASDAQ: FRME) and MBT Financial Corporation (NASDAQ: MBTF) have finalized a merger of the two companies. Following regulatory approvals last month, the companies consummated their legal closing through a 100% stock transaction effective September 1, 2019. As previously announced in late 2018, Monroe Bank & Trust will also merge with and into First Merchants Bank. Headquartered CONTINUE READING >>
Copyright © 2019, The Times-News IDAHO FALLS, Idaho—Bank of Idaho Holding Co., the parent company of Bank of Idaho, has announced that it has completed a $15 million private placement of its capital stock. The investor in the private placement is an affiliate of Castle Creek Capital LLC, an institutional investor that specializes in the community banking sector. Proceeds from CONTINUE READING >>