Bank acquisitions announced in three states

First Gothenburg Bancshares of Gothenburg, Nebraska, has agreed to acquire Foundation First of Waterloo, Nebraska. The parent company of Dayspring Bank, with assets of $1.2 billion, expects to buy the holding company for Foundation First Bank, with assets of $200.9 million, in the second half of this year. The price has not been announced.

Agricultural Banking Corp. in Paxton, Illinois, has agreed to acquire Buckley Bancorp in Buckley, Illinois. Agricultural Banking, the holding company for the $200 million-asset Frederick Community Bank, said in a news release that it expects to buy the $50 million-asset parent Buckley State Bank in the fourth quarter. The price has not been announced

Easthampton, Massachusetts-based Hometown Financial Group has agreed to buy Bedford, New Hampshire-based Primary Bank in a move that will include converting Hometown into a public limited company. The $6.9 billion Hometown property said in a press release it would pay $160 million in cash and stock for the $743 million Primary. The transactions follow Hometown’s plan to merge its three banks and unite under the name TruNorth Bank. The contract is expected to be concluded in the first quarter.

M&A News was reported by Paul Davis and is reprinted with permission as an adaptation of material from TheBankSlate.com.