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Mergers & Acquisitions - Page 2

Santa Cruz County Bank and Lighthouse Bank Announce Agreement to Merge

Two banks based in Santa Cruz, Calif. — Santa Cruz County Bank and Lighthouse Bank — announced an agreement pursuant to which Lighthouse Bank will merge into Santa Cruz County Bank in an all-stock transaction valued at approximately $68.87 million or $25.50 per Lighthouse Bank common share as of close of market on May 28. The merger will increase Santa Cruz County Bank’s total assets to nearly $1 billion on a pro forma basis with seven full service banking offices in Santa Cruz and Santa Clara Counties.

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Columbia Financial Inc. to Acquire Stewardship Financial Corp.

New Jersey companies Columbia Financial Inc., the parent of Columbia Bank in Fair Lawn, and Stewardship Financial Corp., the parent of Atlantic Stewardship Bank in Midland Park, announced the signing of a definitive merger agreement.

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First Citizens Bank and Entegra Financial Corp. Agree to Merge

First Citizens Bank & Trust Co. and Entegra Financial Corp. announced a definitive merger agreement providing for the acquisition of Franklin, N.C.-based Entegra Financial Corp. by First Citizens Bank, which is headquartered in Raleigh, N.C. Entegra provides deposit and loan services through its subsidiary, Entegra Bank.

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Missouri’s Central Bancompany and Liberty Bancorp Announce Merger

Central Bancompany Inc., based in Jefferson City, Mo., has agreed to acquire Liberty Bancorp Inc., the holding company for BankLiberty in the Kansas City suburb of Lee’s Summit, Mo. Under the terms of the merger agreement, BankLiberty will also be merged into Central Bancompany’s affiliate bank, Central Bank of the Midwest, also headquartered in Lee’s Summit.

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HomeStar Bank to Become Part of Midland States Bank

HomeStar Bank and Financial Services in Manteno, Ill., is being acquired by Midland States Bank in Effingham, Ill. The banks currently expect the merger to occur in October.

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