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From friends to deal partners: Atlantic Union to buy American National

American Banker

The $417 million agreement would give Richmond, Virginia-based Atlantic Union Bankshares "the critical mass" it needs in its home state and neighboring North Carolina, according to CEO John Asbury. He and his counterpart Jeff Haley at American National Bankshares in Danville, Virginia, describe each other as longtime pals.

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Park National to close 21 branches in Ohio and North Carolina

American Banker

The Ohio company said the decision reflects branch overlap and lower customer usage of the locations being shuttered.

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Small Business Banking Targeted In Open Banking Initiatives

PYMNTS

Banking technology company Agora Services recently announced its plans to white-label its offerings for smaller financial institutions (FIs) with a focus on small business and teen banking solutions. Funding Circle Takes A Closer Look At Open Banking. WaFd Bank Bolsters SMB Financing Via nCino.

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Big M&A Domino Falls in N.C. Banking Market

American Banker

North Carolina's second-biggest community bank agreed to sell itself at a rich premium, signaling that the state has become an attractive market for acquirers. Adding an out-of-state bank could also create opportunities for *locals* to poach business.

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CFPB announces new appointments to advisory groups

CFPB Monitor

The CFPB has announced the appointment of new members to its Consumer Advisory Board, Community Bank Advisory Council, Credit Union Advisory Council, and Academic Research Council. Chi Chi Wu, Staff Attorney, National Consumer Law Center, Boston, MA. Community Bank Advisory Council Members.

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Bank Associations Take Lead Energizing Next-Gen Bankers

American Banker

Groups in North Carolina, Pennsylvania and elsewhere are stepping up efforts to create programs and conferences dedicated to younger bankers, including millennials.

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F.N.B. to Retain Several Yadkin Executives After Merger Closes

American Banker

in Pittsburgh plans to retain some Yadkin Financial executives and assign them to key roles after it closes its purchase of the North Carolina bank.