North Valley Bancshares Acquires Commodore Bank of Somerset

Nicolet Bankshares Acquires Commerce Financial Holdings (Commerce State Bank)

February 17, 2020

Financial Services

Nicolet Bankshares, Inc. agreed to acquire Commerce Financial Holdings, Inc. and its wholly owned subsidiary Commerce State Bank in a stock-for-stock merger, with Nicolet as the surviving corporation. The transaction, valued at approximately $129.6 million (based on Nicolet's share price at announcement), expands Nicolet's assets and branch footprint in Wisconsin and is expected to close in Q3 2020 subject to shareholder and regulatory approvals.

Camden National Corporation Acquires Northway Financial, Inc.

January 2, 2025

Financial Services

Camden National Corporation completed an all-stock merger to acquire Northway Financial, Inc., the parent of Northway Bank, expanding Camden National's presence in New Hampshire. The combined institution has approximately $7.0 billion in assets and 73 branches; Northway shareholders received 0.83 shares of Camden National common stock for each Northway share (cash paid for fractional shares).

City Holding Company Acquires Citizens Commerce Bancshares

March 10, 2023

Financial Services

City Holding Company (Nasdaq: CHCO) completed its acquisition of Citizens Commerce Bancshares, Inc., the parent of Citizens Commerce Bank of Versailles, Kentucky, effective March 10, 2023. The all-stock transaction was valued at approximately $62.1 million (exchange ratio: 0.1666 shares of City per share of Citizens) and merges Citizens Commerce Bank into City National Bank of West Virginia to strengthen City's presence in the Lexington, Kentucky MSA.

Princeton Bancorp Acquires Cornerstone Financial Corporation

January 18, 2024

Financial Services

Princeton Bancorp, Inc., the parent of The Bank of Princeton, agreed to acquire Cornerstone Financial Corporation, the holding company of Cornerstone Bank, in a stock-and-cash merger valued at approximately $17.9 million. The deal, approved by both boards, will add Cornerstone’s ~ $321 million in assets and six branch locations to Princeton’s footprint in southern New Jersey and is expected to close in mid-2024 pending regulatory and shareholder approvals.

TriCo Bancshares Completes Merger with Valley Republic Bancorp

March 25, 2022

Financial Services

TriCo Bancshares (operating through its subsidiary Tri Counties Bank) completed its merger with Valley Republic Bancorp on March 25, 2022, combining Valley's approximately $1.4 billion of assets into TriCo to create a combined company with about $10.1 billion in total assets. Under the agreement, Valley shareholders received 0.95 shares of TriCo common stock per Valley share (with cash for fractional shares); Valley Republic Bank branches were converted to the Tri Counties Bank brand.

Norwood Financial Corp. to Acquire UpState New York Bancorp, Inc.

January 9, 2020

Financial Services

Norwood Financial Corp., the holding company for Wayne Bank, signed a definitive agreement to acquire UpState New York Bancorp, Inc., the holding company for USNY Bank, in a stock-and-cash transaction valued at approximately $80 million. The deal expands Norwood’s footprint into Ontario, Otsego and Yates Counties, New York, creates a combined company with roughly $1.7 billion in assets and 31 offices, and is expected to be accretive to Norwood’s earnings in 2021.