Financial Services Industry
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US Banker, April, 2008
1. Pittsburgh-based Iron & Glass Bank was bought by FNB Corp in a cash-and- common-stock deal. Iron & Glass has eight branches and $300 million in total assets.
2. Prosperity Bancshares bought fellow Texas bank 1st Choice Bancorp in a cash-and-stock deal. 1st Choice runs two branches in the Houston area and is valued at more than $68 million.
3. Arkansas’ First Community Bancshares purchased Goodman State Bank. The acquisition will expand FCB’s business into Missouri. Goodman has $15 million in assets.
4. Vermont-based Passumpsic Bancorp purchased New Hampshire-based Lancaster National Bank. Lancaster has three branches. The cash deal was for $12.8 million.
5. Great American Bank was sold to First Financial Bancshares Inc. for $6.5 million. Great...
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