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Regulators OK Meta Financial-Crestmark Bancorp deal

Bank regulators have approved Sioux Falls, S.D.-based Meta Financial Group Inc.'s proposed acquisition of Troy, Mich.-based Crestmark Bancorp Inc.

The deal, valued at $320.6 million when it was announced in January, is expected to close Aug. 1.

The respective shareholders of both companies had approved the transaction in May.