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Bank Acquisitions Announced in Three States

Peoples Bancorp of Marietta, Ohio agreed to acquire Citizens National in Paintsville, Kentucky for $76.6 million in cash and stock, valuing the $686 million-asset target at 118% of tangible book value, with closing expected in H2 2026. United Community Banks of Greenville, South Carolina agreed to acquire Peach State Bancshares in Gainesville, Georgia for $100.8 million, valuing the $788 million-asset target at 194% of tangible book value, with closing expected in Q3 2026. Points West Community Bank of Windsor, Colorado applied to the FDIC to acquire State Bank of Downs in Kansas, a $140.3 million-asset institution, with price undisclosed.

Kumar v Minister for Immigration and Citizenship - Subclass 187 Visa Appeal Dismissed

The Federal Court of Australia dismissed an appeal by three Indian nationals (Sanjeeev Kumar, Neelam Rani, and Anika Choudhary) seeking judicial review of decisions refusing subclass 187 (Regional Employer Nomination) visas. The appellants failed to satisfy clause 187.233 of Schedule 2 to the Migration Regulations 1994 because the employer sponsor had withdrawn its nomination application, meaning no valid nomination existed. The Court ordered the first and second appellants to pay the respondent's costs fixed at $5,000.