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West Virginia governor spars with bank over $300M debt

American Banker

Carter Bankshares in Martinsville, Virginia, is attempting to exit a longstanding relationship with West Virginia Gov. Jim Justice through a seldom-used collections tool that was at the center of a court hearing this week.

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WesBanco strikes deal for Ohio community bank

American Banker

Ending a five-year M&A hiatus, the Wheeling, West Virginia-based company has agreed to pay $959 million in stock for Premier Financial in Defiance, Ohio.

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CFPB issues report on state community reinvestment laws

CFPB Monitor

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Clear Mountain Bank reaches new heights

Independent Banker

The West Virginia community bank is helping small-business customers get the financing they need while continually seeking new ideas to plan for its own future. Clear Mountain Bank is embracing flexibility, innovation and collaboration as it continues its ascent as a small-business connector in West Virginia.

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West Virginia governor sues Virginia lender for $1 billion

American Banker

Jim Justice alleges that Carter Bancorp engineered a technical default on a multi-million lending relationship and has blocked his company's efforts to refinance with other lenders. The lawsuit extends a dispute that started after the death of the bank's founder in 2017.

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Credit union-bank mergers approach all-time high

American Banker

REV Federal Credit Union in suburban Charleston, South Carolina, plans to acquire First Neighborhood Bank in West Virginia. It marks the 15th deal this year involving a credit union buying a bank, closing in on 2022's record of 16 deals.

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Bank merger, acquisitions announced in three states

ABA Community Banking

Bank acquisitions announced in Nebraska and Ohio while two West Virginia banks apply for a merger of equals. The post Bank merger, acquisitions announced in three states appeared first on ABA Banking Journal.