Replies to post #146 on Albina Community Bancorp (ACBCQ)

[BigCat]

OPCB Receives Approval to Acquire ACBC for Undisclosed Sum
Bank M&A activity continues as banks expand, contract, or line up their departments to add efficiencies. One PacificCoast Bank ($280mm, CA) has received Fed approval to acquire Albina Community Bank ($121mm, OR) for an undisclosed sum. Bridge Bancorp, Inc., the parent company of Bridgehampton National Bank, announced the signing of a definitive agreement to acquire FNBNY Bancorp and its wholly owned subsidiary, the First National Bank of New York (collectively "FNBNY"). East West Bank ($23.3B, CA) will buy the parent company of MetroBank ($1.1B, TX) and Metro United Bank ($457mm, TX) for $273mm in cash and stock or about 1.7x tangible equity.

http://www.mortgagenewsdaily.com/channels/pipelinepress/10012013-new-penn-fha-and-qm.aspx