-
Bank of America (BAC) has agreed to sell 17 branches in North Carolina and Virginia with a total of $944 million in deposits to First Community Bank in Bluefield, Va., and HomeTrust Bancshares (HTBI) in Asheville, N.C.
June 10 -
Commerce Bancshares (CBSH) in Kansas City, Mo., has agreed to sell three branches in rural southeastern Missouri to New Era Bank in Fredericktown, Mo.
May 8
City National Bank in Los Angeles
City National's retirement unit, based in San Diego, will be rebranded as OneAmerica Retirement Services. The bank has also agreed to distribute OneAmerica retirement products and provide trustee services to certain customers.
A purchase price was not announced. The deal is expected to close by yearend.
"The alliance with OneAmerica will serve our clients well as their needs and the industry continue to evolve," Rich Gershen, the bank's executive vice president of wealth management services, said in a press release Wednesday.
City National currently administers $6.5 billion in retirement assets, while OneAmerica's retirement business manages assets of more than $24 billion, according to the release.
City National has assets of $26 billion and is a subsidiary of City National Corp. (CYN). The bank has
