News

Carlile Bancshares, Inc. to Acquire Northstar Financial Corporation and Its Subsidiary Northstar Bank of Texas

  • Posted: 02/27/2012
  • Castle Creek
  • No Comments

DENTON, Texas–(PRNewswire)–Northstar Financial Corporation (“Northstar”), headquartered in Denton, TX, and Carlile Bancshares, Inc., (“Carlile”), headquartered in Fort Worth, TX, have announced that they have entered into a definitive agreement in which Carlile will acquire Northstar and its subsidiary Northstar Bank of Texas (“Northstar Bank”).  This acquisition will be the largest for Carlile, whose intentions are to establish Northstar Bank as CONTINUE READING >>

First Merchants Bank Acquires Loans and Assumes Deposits of SCB Bank Through a Modified Whole Bank FDIC Transaction

  • Posted: 02/10/2012
  • Castle Creek
  • No Comments

First Merchants Corporation (NASDAQ: FRME) has reported an agreement between First Merchants Bank and the FDIC to purchase approximately $117 million of loans and assume $136 million of deposits in Shelby County Indiana. Under the Modified Whole Bank transaction without loss share, the FDIC excluded all construction and development loans, all land loans, all non-performing loans including non-accrual, restructured and CONTINUE READING >>

Intermountain Community Bancorp Announces Closing of $47.3 Million Capital Raise

  • Posted: 01/23/2012
  • Castle Creek
  • No Comments

SANDPOINT, Idaho–(GLOBE NEWSWIRE)–Intermountain Community Bancorp, (OTCBB:IMCB) (the “Company”), the holding company of Panhandle State Bank (the “Bank”), today announced that it had successfully closed its previously-announced $47.3 million private capital raise led by Castle Creek Capital Partners IV, L.P. (“Castle Creek”) and affiliates of Stadium Capital Management, LLC (“Stadium”) through the issuance and sale of shares of common stock at CONTINUE READING >>

BankFIRST Completes Acquisition of East Coast Community Bank

  • Posted: 01/6/2012
  • Castle Creek
  • No Comments

Copyright © 2012, The Daytona Beach News-Journal By Tom Knox East Coast Community Bank has been acquired by Winter Park-based BankFirst. The sale closed on Dec. 30, almost one year after the planned deal was announced. With the acquisition of Ormond Beach-based East Coast, which also has a branch office in Port Orange, BankFirst now has 12 branches throughout much CONTINUE READING >>