Alma Bank Agrees to Acquire American Community Bank
Alma Bank has entered into a definitive agreement to acquire American Community Bank, creating one of the premier community banking franchises in New York and New Jersey. The merger will combine two privately held banks with aligned cultures focused on relationship-based service and local decision-making. Upon completion, Alma Bank will continue as the surviving institution with an estimated $2 billion in total assets across 19 full-service branches and additional offices. The combined bank aims to enhance client offerings by expanding lending capacity, treasury services, wealth management solutions, and digital banking capabilities. Both banks emphasize preserving personal relationships while providing broader resources for clients ranging from individuals to commercial enterprises. The transaction has been approved by the boards of both institutions but financial terms were not disclosed.
Topics: community banks financial services merger