The road to $10 billion in assets may seem a bit scary for community banks, but a couple of them recently found partners to join them on the journey.
Sterling Bancorp in Montebello, N.Y., agreed on Wednesday to buy Hudson Valley Holding in Yonkers, N.Y.; that deal would form a company with $10.5 billion in assets. Later that day, on the opposite side of the country, Banner Corp. in Walla Walla, Wash., announced a deal to buy AmericanWest Bank in Spokane, Wash., which would put it at $9.7 billion in assets.
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