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The Tuesday Express: TriCo Bancshares buying FNB Bancorp for $315.3M

* In California, TriCo Bancshares is buying FNB Bancorp in an all-stock deal valued at $315.3 million.

* Barrington Bank & Trust, through Wintrust Mortgage, is acquiring certain assets and assuming certain liabilities of iFreedom Direct.

* In Illinois, First Mid-Illinois Bancshares is buying First BancTrust in a cash-and-stock deal valued at $73.8 million.

* Union Savings and Loan Association is buying Hibernia Bancorp in a deal valued at $28.2 million.

* Investment management and trust services provider Cypress Trust is acquiring CenterState Bank's personal trust business.

* SEC Chairman Jay Clayton warned investors that no initial coin offerings have been registered with the regulator and that it has not approved for listing and trading any exchange-traded products holding cryptocurrencies or other assets related to cryptocurrenices.

* Munchee stopped its initial coin offerings and refunded the proceeds after the SEC found that its conduct constituted unregistered securities offers and sales.

* Enstar is in exclusive talks with Axis Capital to reinsure-to-close Novae's $1.1 billion legacy book, The Insurance Insider reports.

* And the American Guaranty Fund Group is handling the claims for the now-insolvent Guarantee Insurance, American Guaranty COO Tom Streukens told Business Insurance.

The Daily Dose: Express Edition is updated as of 6:30 a.m. ET. Some external links may require a subscription.