Inbanx, an Austin, Texas, software company focused on digital payments and business budgeting, has added a banker to its board.

The Financial Crimes Enforcement Network assessed a $15 million civil money penalty against Shinhan Bank America in New York for

Tompkins Financial in Ithaca, N.Y., sold a portfolio of securities at a $47.5 million loss. The $7.6 billion-asset company disclosed

The Florida Bankers Association has hired a former director of the Consumer Financial Protection Bureau as its new CEO. Alex

RBB Bancorp in Los Angeles and Gateway Bank in Oakland, Calif., have terminated their planned merger.   The $4.1 billion-asset

Univest Financial in Souderton, Pa., plans to combine its chairman and CEO positions. The $7.6 billion-asset company disclosed in a

Touchstone Bankshares in Prince George, Va., laid off an undisclosed number of employees. The parent of the $644 million-asset bank

Federal Reserve examiners should have stepped up their oversight of Silicon Valley Bank prior to its March failure, according to

Camino Financial in Los Angeles has agreed to buy Fundation in Reston, Va., in a merger of online small business

Republic First Bancorp in Philadelphia has reached a truce with an activist investor by involving them in a planned capital

Peoples Financial Services in Scranton, Pa., has agreed to buy FNCB Bancorp in Dunmore, Pa. The $3.7 billion-asset Peoples said

Carver Bancorp in New York, one of the nation’s biggest black-run banks, is facing a hostile takeover. Dream Chasers Capital

Former MBNA executive Frank Bramble has died. Bramble, who was executive vice chairman of the monoline credit card company when

Washington Trust Bancorp in Westerly, R.I., has reached a settlement with the Justice Department over claims its bank violated fair

MidWestOne Financial Group in Iowa City has agreed to buy Denver Bankshares a day after agreeing to sell its Florida

River Financial in Prattville, Ala., raised $32.9 million through a private placement of common stock. The $3.1 billion-asset company sold

MidWestOne Financial Group in Iowa City has agreed to sell its Florida operations to DFCU Financial in Dearborn, Mich. The

HomeStreet in Seattle rejected an unsolicited offer to buy its Fannie Mae delegated underwriting and servicing (DUS) license. The $9.5

An investor group is looking to buy First State Bank of Decatur in Michigan. A group led by Gregg Bigger

Dutch neobank bunq BV has applied to open a bank in the U.S. The bank applied with the Federal Deposit

Plains State Bank in Humble, Texas, bought a wealth management and tax business. The $780 million-asset bank said in a

Republic First Bancorp in Philadelphia will delay its 2022 annual meeting again. The $6.2 billion-asset company disclosed in a regulatory

Cape Cod 5 in Hyannis, Mass., and Fidelity Bank in Leominster, Mass., are merging under the same holding company. The

Central Plains Bancshares in Grand Island, Neb., and SR Bancorp in Bound Brook, N.J., are progressing with their mutual conversions.

Atlantic Union Bankshares in Richmond, Va., has sold 27 properties in Virginia as part of a sale-leaseback transaction. The $20.6

Merchants & Marine Bancorp in Pascagoula, Miss., has agreed to buy Mississippi River Bank in Belle Chasse, La. The $659

BankTech Ventures, an investment vehicle backed by several community banks, has invested in Vero Technologies, a wholesale financing and loan

Glen Burnie Bancorp in Glen Burnie, Md., has lined up its next CEO.   The $364 million-asset Glen Burnie said

Eastern Bankshares in Boston has agreed to buy Cambridge Bancorp in Cambridge, Mass., and sell its own insurance unit to

A group of Sikh-Americans is looking to form a bank in New Jersey that would serve their community. The proposed

Oklahoma State Bank in Guthrie has a new name. The $274 million-asset bank said in a press release that it

The leader of Community Financial Group will defer most compensation tied to the Spokane, Wash., company's pending sale to Glacier

CU Digital One, a credit union service organization created by Frankenmuth Credit Union in Michigan, has made its first fintech

First Federal Bank of Twin Falls in Idaho has created a wealth and investment management division. The $1.4 billion-asset bank

Add Zions Bancorp. in Salt Lake City to the growing list of banks cutting jobs. The $87.2 billion-asset company said

Owners Bank, the digital bank division of Liberty Bank in Middletown, Conn., has launched a new business credit card. The

Atlantic Union Bankshares in Richmond, Va., acted quickly to seal a deal to buy American National Bankshares in Danville, Va..

OceanFirst Financial in Red Bank, N.J., will report higher chargeoffs in the third quarter due to a loan participation. The

GreenState Credit Union in North Liberty, Iowa, is looking for a new CEO. The $11.2 billion-asset credit union, a serial

Three community banks raised a total of $50 million in capital by completing private placements of common stock. Illinois National

KeyCorp in Cleveland aims to reduce its risk-weighted assets by $10 billion this year. The $195 billion-asset company disclosed during

Bank consolidation bounced back in August. Eighteen banks agreed to sell last month, representing the busiest month since July 2022,

Citigroup in New York announced a major reorganization designed to streamline management layers and hasten decisions. The $2.4 trillion-asset Citi

United Community Banks in Blairsville, Ga., expects an increase in third-quarter chargeoffs tied to a syndicated loan. The $26 billion-asset

Penns Woods Bancorp in Williamsport, Pa., could raise $20 million by selling common stock. The $2 billion-asset company disclosed in

An activist investor group has paused litigation against Republic First Bancorp as the Philadelphia company explores capital-raising options. The shareholder

Citizens Financial Group in Providence, R.I., is forming a private bank. The $233 billion-asset company shared the news at a

An investor group has agreed to buy Midland Capital Holdings in Bridgeview, Ill. Midfed Acquisition will pay $31 to $32.50

Truist Financial in Charlotte, N.C., will look to reduce annual expenses by $750 million by the end of next year

A group is looking to form a bank in Paramus, N.J. Organizers applied with the Federal Deposit Insurance Corp. for

Veritex Holdings in Dallas will soon have a new bank president. The $12.5 billion-asset company said in a press release

Merchants Bancorp in Carmel, Ind., has agreed to sell four Illinois branches. The $13.1 billion-asset Merchants said in a press

The Federal Deposit Insurance Corp. determined that the liquidity risk management component of the CAMELS rating for First Republic Bank

Icon Business Bank has opened in Riverside, Calif. The de novo opened on Aug. 22, according to the Federal Deposit

Citizens National Bank of Bluffton in Ohio said its CEO will retire. The $981 million-asset bank said in a press

High-profile bank failures weighed down the banking industry’s aggregate profitability, according to the Federal Deposit Insurance Corp.’s quarterly banking profile.

Dime Community Bancshares in Hauppauge, N.Y., has formed a health care banking division. The $13.8 billion-asset company said in a

Leader Bank in Arlington, Mass., has hired a former First Republic Bank executive to build a startup banking division.  

Ashton Ryan Jr., former CEO of the failed First NBC Bank, was sentenced to serve 14 years in prison after

First Western Bank & Trust in Minot, N.D., has applied to acquire an insurance agency in Lismore, Minn.   The

The Federal Deposit Insurance Corp. plans to market $33 billion of commercial real estate loans that were held by the

Gardner Bancshares in Lenexa, Kan., is working through a cease-and-desist order from the Federal Reserve. The order, which followed an October

Members of St. Lawrence Federal Credit Union have rejected the Ogdensburg, N.Y., credit union’s proposed merger with SeaComm Federal Credit

The organizers of the proposed Nova Bank in Huntsville, Ala., have surpassed their capital-raising goal. The proposed de novo made

Add 1895 Bancorp of Wisconsin in Greenfield to the list of banks repositioning their balance sheets. The $553 million-asset company

Trustmark in Jackson, Miss., will set aside $6.5 million in the third quarter to cover the potential resolution of a

BM Technologies in Wayne, Pa., said its co-CEO resigned after just five months on the job.   The fintech disclosed

Five Star Credit Union in Dothan, Ala., has agreed to buy Wilcox County State Bank in Abbeville, Ga. – the

Michigan State University Federal Credit Union in Lansing has announced its second bank acquisition in the past week. The $7.6

NexTier in Butler, Pa., has agreed to buy Mars Bancorp in Mars, Pa. The $2.1 billion-asset NexTier said in a

PB Financial in Rocky Mount, N.C., which recently raised capital, has agreed to buy Coastal Bank & Trust in Jacksonville,

Frankenmuth Credit Union in Frankenmuth, Mich., has created a credit union service organization (CUSO) to evaluate investment opportunities in the

Bank First in Manitowoc, Wis., has agreed to sell its minority stake in technology firm UFS.   The $4.1 billion-asset

Innovations Financial Credit Union in Panama City, Fla., has agreed to buy First National Bank Northwest Florida in Panama City

Western Alliance Bancorp. in Phoenix has hired executives to oversee treasury management and commercial and industrial (C&I) banking. The $65

Integro Bank, a Phoenix de novo, has created a mortgage division. The $42.6 million-asset bank said in a press release

PacWest Bancorp in Beverly Hills, Calif., held “more advanced” talks with two potential buyers before it began negotiating its agreement

American Bank of Oklahoma in Collinsville has settled claims by the Justice Department that it failed to meet the mortgage

Fortuna Bank, a proposed de novo in Grandview Heights, Ohio, has received conditional approval from the Ohio Department of Financial

Federal bank regulators want regional banks to hold more debt and update their resolution plans. U.S. banks with at least

Gaylon Lawrence Jr. is looking to combine two banks he owns. Fourth Capital Bank in Nashville, Tenn., is planning to

Michigan State University Federal Credit Union in East Lansing, Mich., has agreed to buy McHenry Savings Bank in McHenry, Ill.

Five Star Credit Union in Dothan, Ala., has lined up its third bank acquisition. The $775 million-asset credit union said

A pair of banks has filed with regulators to proceed with pending acquisitions. Commerce Bancorp in Greenwood, Miss., applied to

Summit State Bank in Santa Rosa, Calif., is dealing with a potential hostile takeover by Big Poppy Holdings in Santa

Sandy Spring Bancorp in Olney, Md., will incur an $8.2 million charge in the third quarter tied to pension settlement

Live Oak Bancshares in Wilmington, N.C., has a new bank president. The $10.8 billion-asset company said in a press release

Eagle Financial Services in Berryville, Va., has sold its marine finance business to Axos Financial in Las Vegas.   The

Central Plains Bancshares in Grand Island, Neb., plans to raise $36.8 million as part of a mutual conversion. The parent

Burke & Herbert Financial Services in Alexandria, Va., has agreed to buy Summit Financial Group in Moorefield, W.Va. The $3.6

TD Bank disclosed that it is cooperating with a Justice Department probe into its compliance with anti-money laundering measures. The

The Consumer Financial Protection Bureau has filed a lawsuit against a fintech for allegedly violating laws against unfair lending practices

Savi Financial in Mount Vernon, Wash., has received conditional approval from the Federal Deposit Insurance Corp. to create a new

New Peoples Bankshares in Honaker, Va., has a new bank CEO lined up. The $794 million-asset company said in a

A proposed digital bank in San Juan, Puerto Rico, has received conditional approval from the Federal Deposit Insurance Corp. Organizers

Banks in Georgia and North Carolina recently raised capital through private placements of common stock. Signature Bank of Georgia in

Fifth Third Bancorp in Cincinnati has selected a former U.S. Bancorp executive to join its board. The $207 billion-asset company

Cory Montez Hairston, president and CEO of Congressional Federal Credit Union in Oakton, Va., died last week. The $1.2 billion-asset

Edward Jones, which last fall withdrew an application to create a bank, has entered into a strategic partnership with Citigroup

Bank of the West in San Francisco, which sold to Bank of Montreal earlier this year, plans to lay off

Farmington State Bank in Farmington, Wash., which is in the midst of selling itself to Bank of Eastern Oregon, was

Ivy Bank, the digital-only platform created by Cambridge Savings Bank in 2021, has surpassed $530 million of deposits. The $6

Silvergate Capital in La Jolla, Calif., which is in the midst of voluntarily winding down its operations, announced the departure

Vista Bank in Dallas has hired a team from Professional Bank to oversee its expansion into Florida. The $2 billion-asset

Stock Yards Bancorp in Louisville, Ky., will have a new head of wealth management in 2024. The $7.7 billion-asset company

Citizens Bank of Edmond in Oklahoma has launched a digital bank for members of the military. The $350 million-asset bank

Franklin Bancorp in Franklin, Ky., has raised $2.8 million through a private placement. The parent of the $715 million-asset Franklin

Carver Bancorp in New York has tapped an interim CEO while it looks for a permanent successor for Michael Pugh.

A unit of WSFS Financial in Wilmington, Del., has bought accounts tied to an investment advisory firm in Rehoboth Beach,

Three former directors of a failed Chicago bank have pleaded guilty to trying to hide embezzlement from the Office of

Savile Capital Group, a wealth management firm in Sheridan, Wyo., has agreed to buy Farmers State Bankshares in Cheyenne, Wyo.

Riverview Bancorp in Vancouver, Wash., has ended its CEO's employment. The $1.6 billion-asset company, which had placed Kevin Lycklama on

Aggressive interest rate hikes by the Federal Reserve led Bancorp 34 in Scottsdale, Ariz., and CBOA Financial in Tucson, Ariz.,

New Peoples Bankshares in Honaker, Va., said its CEO will retire next year.   The $794 million-asset company said in

Synovus Financial in Columbus, Ga., is selling more than $1.6 billion of loans. The $60.7 billion-asset company disclosed in a

Guaranty Bank and Trust in Belzoni, Miss., has applied to buy First American National Bank in Iuka, Miss. The $1.9

Glacier Bancorp in Kalispell, Mont., has agreed to buy Community Financial Group in Spokane, Wash. The $28 billion-asset Glacier said

Carver Bancorp in New York is looking for a new CEO.   The $723.2 million-asset company said in a press

The National Credit Union Administration approved 36 mergers in the second quarter, including seven designed to address challenges filling CEO

OceanFirst Financial in Red Bank, N.J., received a “needs to improve” Community Reinvestment Act rating from the Office of the Comptroller

Androscoggin Savings Bank in Lewiston, Maine, has created a Sharia-compliant mortgage product. The $1.5 billion-asset bank hired Ayesha Baye, an

Oconee Financial in Watkinsville, Ga., raised about $4.3 million tied to its acquisition of Elberton Federal Savings & Loan in

Texas State Bankshares in Harlingen has agreed to buy Dallas investment bank Estrada Hinojosa & Co. The $2.6 billion-asset Texas

InBank in Denver has a new president. The $1.3 billion-asset bank said in a press release that Bo Scott had

Riverview Bancorp in Vancouver, Wash., has put its president and CEO on administrative leave pending an internal investigation. The $1.6

Eureka Homestead Bancorp in Metairie, La., has agreed to sell to an investor group. The $104 million-asset company said in

A big shareholder at HomeStreet is pushing the Seattle company to sell its Fannie Mae delegated underwriting and servicing (DUS)

First Sound Bank in Seattle has agreed to sell to Harborstone Credit Union in Lakewood, Wash. The $1.9 billion-asset credit

Wells Fargo in San Francisco is bracing for a $1.8 billion invoice from the Federal Deposit Insurance Corp. The FDIC

EverBank in Jacksonville, Fla. – now under new ownership – also has a new CEO. The investor group that bought

The nation’s leading credit union associations are planning to merge. The National Association of Federally-Insured Credit Unions and the Credit

Blue Ridge Bankshares in Charlottesville, Va., reported a quarterly loss that reflected issues with a group of specialty finance loans.

Heartland Financial USA in Denver is close to completing a large-scale charter consolidation. The $20.2 billion-asset company said in a

NBT Bancorp in Norwich, N.Y., has acquired a retirement plan administrator. The $11.9 billion-asset company said in a press release

West Potomac Capital in Arlington, Va., plans to raise $250 million for a social impact fund that would invest in

Heartland Tri-State Bank of Elkhart, Kan., failed on Friday. The Federal Deposit Insurance Corp. said in a press release that

Dime Community Bancshares in Hauppauge, N.Y., has lined up its next CEO. The $3.8 billion-asset company said in a press

MVB Financial in Fairmont, W.Va., sold a large portion of its subprime auto loans during the second quarter. The $3.5

First Interstate BancSystem in Billings, Mont., laid off 70 mortgage employees in the second quarter. The $31 billion-asset company said

Pioneer Bancorp in Albany, N.Y., has acquired Hudson Financial, an advisory firm in Hudson, N.Y. The $1.8 billion-asset Pioneer said

Eagle Bancorp in Bethesda, Md., closed two branches and laid off some employees as part of a cost-cutting effort. The

Banc of California in Santa Ana has agreed to buy PacWest Bancorp in Beverly Hills, Calif. The companies said in

Atlantic Union Bankshares in Richmond, Va., has agreed to buy American National Bankshares in Danville, Va. The $20.6 billion-asset Atlantic

Organizers of the proposed Integrity Bank in Houston plan to raise $37 million of initial capital. The group said in

Bank of Marin Bancorp in Novato, Calif., recently purged securities from its balance sheet. The $4.1 billion-asset company said in

BM Technologies in Radnor, Pa., is dealing with regulatory approvals delays for its planned deposits partnership with First Carolina Bank

John Marshall Bancorp in Reston, Va., has sold nearly $162 million of securities at a loss. The $2.4 billion-asset company

Lakeland Financial in Warsaw, Ind., reported lower second-quarter profit after it fell victim to international wire fraud. The $6.5 billion-asset

Windsor Federal Savings and Loan in Windsor, Conn., has a new CEO. Luke Kettles also became the $750 million-asset bank’s

FedNow, the Federal Reserve’s instant-payments system, is live. The Fed said in a press release that 35 early adopting banks

Columbia Banking System in Tacoma, Wash., sold some loans and plans to sell some mortgage-servicing rights. The $53.6 billion-asset company

Banks in California and Oklahoma have raised capital through private placements of common stock. First Altus Bancorp, the parent of

Angelo Mozilo, one of the most-recognized faces of the 2008 financial crisis, has died. Mozilo, co-founder and former CEO of

Republic First Bancorp in Philadephia, Castle Creek Capital and Cohen Private Ventures have agreed to terminate a $125 million private

Another group is planning a bank in Houston. Organizers of the proposed Integrity Bank applied with the Federal Deposit Insurance

Blue Ridge Bankshares in Charlottesville, Va., has a new leader. The $3.3 billion-asset company disclosed in a regulatory filing that

Guaranty Bancshares in Addison, Texas, restructured a portion of its securities portfolio during the second quarter. The $3.2 billion-asset company

The Independent Bankers Association of Texas has formed a fintech accelerator program. The association said in a press release that

Capital Bank in Washington, D.C., has recruited a veteran banker to its board. The $2.2 billion-asset bank said in a

Jenius Bank, the digital-only division of Manufacturers Bank in Los Angeles, has debuted a new personal loan product. Jenius, which

Blue Ridge Bankshares in Charlottesville, Va., will not pay a dividend in the third quarter. The $3.3 billion-asset company disclosed

CapStack, a startup that is aiming to create an integrated operating system for banks, has raised $6 million. CapStack was

Another veteran bank analyst has accepted a job at a bank. Jennifer Demba announced on LinkedIn that she has become

Central Bancshares in Muscatine, Iowa, has agreed to buy McLaughlin Holding in Moline, Ill. The $1.1 billion-asset Central Bancshares said

Another bank has disclosed exposure to the MOVEit file transfer cyberattack. The $8.3 billion-asset 1st Source in South Bend, Ind.,

Bank of America in Charlotte, N.C., was fined $150 million by regulators based on claims it double charged overdraft fees,

Peoples Bancorp in Marietta, Ohio, has set the stage for CEO succession. The $8.8 billion-asset company said in a press

Global Credit Union in Anchorage, Alaska, has cut 185 jobs in five states, or roughly 8% of its workforce. The

Quontic Bank Holdings in New York faces limitations on distributing capital under an enforcement action with the Federal Reserve. The

Community bankers have become more pessimistic about the economic outlook, according to a quarterly survey by the Conference of State

The California Bankers Association didn’t have to look far to find its next CEO. The association said in a press

First Commonwealth Financial in Indiana, Pa., is the latest bank to disclose that customer data was compromised by the zero-day

Ramp, a finance automation platform, has acquired Cohere.io, an AI-focused customer support platform. Ramp did not disclose the price it

Community Bank System in Syracuse, N.Y., will have a new CEO in 2024. The $15.2 billion-asset company said in a

Veteran bank executive James Abbott is planning to strike out on his own to launch an investment fund. Abbott, who

First Merchants in Muncie, Ind., is the latest bank to disclose that customer data was exposed in the global incident

Totem Technologies has launched its app. The Tulsa, Okla., neobank, which is focused on Native Americans, announced the app’s launch

Two new banks opened last month. Beach Cities Commercial Bank opened in Irvine, Calif., on June 12, according to the

Hilltop Holdings in Dallas disclosed that an unauthorized party likely obtained customer data due to a security incident at a

Premier Financial in Defiance, Ohio, has sold an insurance business to Risk Strategies, a specialty insurance company in Boston. The

Lake Shore Bancorp in Dunkirk, N.Y., has entered into a written agreement with the Federal Reserve that bars it from

Shareholders of Republic First Bancorp will vote to fill three board seats at the next annual meeting after the Philadelphia

Pathfinder Bancorp in Oswego, N.Y., has added an executive at a high-profile bank investor to its board. The $1.4 billion-asset

CCFNB Bancorp in Bloomsburg, Pa., and Muncy Bank Financial in Muncy, Pa., decided to take a second chance at romance.

Nearly 60 entities have been certified to use the Federal Reserve’s real-time payments system. The central bank said in a

First Bank in Creve Coeur, Mo., will have a new CEO in 2024. The $6.6 billion-asset bank said in a

Sendwave, a Boston-based remittance firm owned by Zepz, plans to open a neobank backed by Piermont Bank in New York.

Bangor Savings Bank in Maine is planning to introduce its first suite of credit card products. The $7.4 billion-asset Bangor

While the Fed approved a branch application by Vantage Bank Texas in San Antonio, a member of its board raised

The Federal Reserve has approved an application by Banco de Reservas de la República Dominicana in Santo Domingo, Dominican Republic,

Coastal Financial in Everett, Wash., has created a virtual world to promote its Banking-as-a-Service fintech partners. The $3.5 billion-asset company

What once was old is new again. TIAA Bank in Jacksonville, Fla., will revert back to EverBank after a group

Piedmont Financial Holding in Winston-Salem, N.C., has agreed to buy Wake Forest Bancshares in Wake Forest, N.C. The parent of

Cullen/Frost Bankers in San Antonio plans to double its branches in Austin, Texas, by 2026. The $51.2 billion-asset company said

First Foundation in Dallas prevailed in a proxy battle with an activist investor.   The $13.6 billion-asset company said in

Bank of America in Charlotte, N.C., plans to enter four new states by opening branches across nine markets over the

The Credit Union Executives Society has a new CEO. The association said in a press release that Heather McKissick, former

PacWest Bancorp in Los Angeles continues to shed assets.   The $44.3 billion-asset company disclosed in a regulatory filing that

Robinhood Markets has agreed to buy X1, a San Francisco platform that offers a no-fee credit card with rewards. Robinhood

The Securities and Exchange Commission does not plan to pursue an enforcement action against Sterling Bancorp in Southfield, Mich.  

Citizens Financial Group in Providence, R.I., will work with Wisetack, an embedded pay-over-time platform, to expand its point-of-sale operations. Wisetack

Greater Nevada Credit Union in Carson City will soon have a new CEO. The $1.7 billion-asset credit union said in

Two leading proxy advisory firms have taken opposing positions in a battle between First Foundation in Dallas and an activist

Beacon Business Bank in San Francisco has a new president and CEO. Steve Andrews shared his appointment on his LinkedIn

Commercial BancGroup in Harrogate, Tenn., raised $2.8 million. The parent of the $1.8 billion-asset Commercial Bank completed a private placement

The management team of SVB Securities has reached an agreement to buy the health care investment bank from SVB Financial.

Truist Financial in Charlotte, N.C., has filled two key positions. The $565 billion-asset company said in a press release that

Movement Mortgage in Indian Land, S.C., has acquired Mortgage Network in Danvers, Mass.  Movement said in a press release that

The Federal Reserve on Friday released a long-awaited database of financial institutions seeking access to the Fed’s payments system. The

OceanFirst Financial in Red Bank, N.J., expects operating expenses to decline by 5% to 10% beginning in the fourth quarter.

Customers Bancorp in West Reading, Pa., has acquired a portfolio of venture banking loans from the Federal Deposit Insurance Corp.

RBB Bancorp in Los Angeles has a new president.   The $4.1 billion-asset company said in a press release that

F&M Bank in Clarksville, Tenn., has promoted a veteran banker as its president. The $1.7 billion-asset bank said in a

MUFG Union Bank in San Francisco, which was sold in December to U.S. Bancorp, was ordered to pay a $15

A proposed de novo bank in Houston plans to have a big focus on trust and wealth management services. Organizers

An investor group has agreed to buy Southern Bankshares in Claxton, Ga. The group planning to buy the $160 million-asset

Atlantic Union Bankshares in Richmond, Va., plans to lay off 4% of its staff and exit indirect auto lending as

Synapse, a Banking-as-a-Service (BaaS) platform, is laying off nearly a fifth of its staff. The company made cuts in areas

State Employees’ Credit Union in Raleigh, N.C., has a new CEO. The $50 billion-asset credit union said in a press

Comerica in Dallas plans to “organically” exit the mortgage warehouse business. The $91.2 billion-asset company disclosed in a presentation for

Majority, a challenger bank aimed at U.S. migrants, has raised nearly $9.8 million in its fourth round of funding. Valar

The Bancorp in Sioux Falls, S.D., has renewed its banking services agreement with Chime Financial. The $7.6 billion-asset company said

Plains Bancshares in Plains, Kan., has applied with regulators to buy Alden Bancshares in Sterling, Kan. The parent of the

Entrust Bank, a de novo planned for Los Altos, Calif., aims to become a minority depository institution (MDI) focused largely

The Consumer Financial Protection will soon seek comments for an open banking rule with plans to finalize the rule next

Citizens Financial Group in Providence, R.I., has hired about 50 private bankers and support staff that had been at First

First State Bank & Trust in Fremont, Neb., has rebranded as RVR Bank. The $460.4 million-asset bank said on its

Meredith Whitney is back. Whitney, who famously became bearish on the banking sector prior to the 2008 Financial Crisis, has

Fulton Financial in Lancaster, Pa., has hired a former executive at OceanFirst Financial in Red Bank, N.J., to oversee its

Needham Bank in Needham, Mass., is planning a standard conversion to become a fully stock-owned company. The $3.7 billion-asset bank

USAlliance Federal Credit Union in Rye, N.Y., has appointed an interim CEO while it looks for a permanent leader. The

Home BancShares in Conway, Ark., is parting ways with the former CEO of a bank it recently bought. The $22.5

Lone Star Bank in Houston is delaying a shareholder vote on its pending sale to First Guaranty Bancshares in Hammond,

Citizens Financial Group in Providence, R.I., will end its indirect auto lending program on July 1. The $222 billion-asset company

A shareholder group that has been sparring with Republic First Bancorp for months is now calling for the resignation of

A group in Houston has reapplied to form Houston Bank of Commerce & Trust. Organizers of Houston Bank of Commerce

Due diligence for third-party relationships took center stage in final joint guidance from federal bank regulators. The Federal Reserve, Federal

A trio of technology firms have merged to create a single company. CFM, NXTsoft and IMM said in a press

The Federal Deposit Insurance Corp. has given conditional approval for a group in Scottsdale, Ariz., to form Zenith Bank &

First Citizens BancShares in Raleigh, N.C., has brought back a veteran banker to lead its CIT Commercial Finance group. The

Nusenda Federal Credit Union in Albuquerque, N.M., has agreed to buy Western Heritage Bank in Las Cruces, N.M. The $4.1

Members 1st Federal Credit Union in Enola, Pa., will soon have a new CEO. The $7 billion-asset credit union said

BOK Financial in Tulsa, Okla., has entered the San Antonio, Texas, market. The $46 billion-asset company said in a press

Banks in Alabama and Virginia have raised capital through private placements. First Southern Bancshares in Florence, Ala., brought in $7

Five Star Bancorp in Rancho Cordova, Calif., will enter San Francisco after hiring a commercial team from Signature Bank. The

Essa Bancorp in Stroudsburg, Pa., will pay about $3 million to resolve redlining claims. The Justice Department said in a

Central Bancshares in Muscatine, Iowa, has agreed to buy McLaughlin Holding Co. in Moline, Ill. Central, the parent of the

The Federal Reserve ordered Silvergate Capital in La Jolla, Calif., to stick to its plan to liquidate itself. The Fed’s

A group in Los Altos, Calif., is looking to form a bank. Organizers of the proposed Entrust Bank filed an

BOK Financial in Tulsa, Okla., is apologizing for an issue that has delayed direct deposits and electronic payments. The $45.5

Republic First Bancorp in Philadelphia announced a series of moves designed to trim expenses. The $6.2 billion-asset company said in

All In Federal Credit Union in Daleville, Ala., has agreed to buy SunSouth Bank in Dothan, Ala. The $2.8 billion-asset

Blackhawk Bancorp in Beloit, Wis., attempted to sell itself to another bank before it began negotiating with First Mid Bancshares

The Consumer Financial Protection Bureau has ordered OneMain Financial in Evansville, Ind., to pay $20 million to resolve claims the

UMB Financial in Kansas City, Mo., has agreed to buy Hybarger & Associates, a consulting firm focused on community bank

Coastal Financial in Everett, Wash., has hired a veteran banker to oversee its Banking-as-a-Service platform. Chris Rigoni announced on his

Republic First Bancorp in Philadelphia will have a new chairman. The $6.2 billion-asset company said in a press release that

OneAZ Credit Union in Phoenix has a new CEO. The $3 billion-asset credit union said in a press release that

Shareholders of Mid-Southern Bancorp approved an outside proposal that the Salem, Ind., company hire an investment bank to help it

Roc Capital Holdings in New York has acquired the origination assets of Civic Financial Services from PacWest Bancorp in Los

Edmonton Bancshares in Edmonton, Ky., has agreed to buy Sumner Financial in Gallatin, Tenn. Edmonton, the parent for the $733

First Guaranty Bancshares in Hammond, La., has raised $10 million through a private placement of common stock. The $3.2 billion-asset

Blue Foundry Bancorp in Rutherford, N.J., prevailed in its proxy contest with activist investor Larry Seidman. The $2.1 billion-asset company

New York Community Bancorp in Hicksville, N.Y., has agreed to take over Signature Bank’s lease in midtown Manhattan. Empire State

Citizens Financial Group in Providence, R.I., will pay a $9 million fine to the Consumer Financial Protection Bureau to address

Daylight, an LGBTQ+ neobank, is shutting down. Rob Curtis, Daylight’s co-founder and CEO, announced the decision in a blog, stating

QED Investors, a venture capital firm in Alexandria, Va., has closed two new funds to invest in fintech firms. QED

Gouverneur Bancorp in Gouverneur, N.Y., is planning a second-step conversion to become a fully stock-owned company. The $205 million-asset Gouverneur

Fifth Third Bancorp in Cincinnati has acquired Rize Money, an Arlington, Va., embedded payments platform. The $209 billion-asset Fifth Third

JPMorgan Chase in New York projected that net interest income should increase by $3 billion because of its purchase of

PacWest Bancorp in Los Angeles has agreed to sell a portfolio of real estate construction loans.   The $44.3 billion-asset

Adams Bank & Trust in Ogallala, Neb., took its servers offline, disabling transactions using online banking and its mobile app,

Bank of Marin Bancorp in Novato, Calif., has regained its footing with deposits.   The $4.1 billion-asset company shared in

LCNB Corp. in Lebanon, Ohio, has agreed to buy Cincinnati Bancorp in Cincinnati. The $1.9 billion LCNB said in a

Austin Capital Bank in Austin, Texas, has a new president.   Mark DeBiasio announced his hiring by the $329 million-asset

The Louisiana Credit Union League has a new CEO selected. The association said in a press release that Juan Fernandez

Western Alliance Bancorp. in Phoenix continues to bounce back from a turbulent time in the wake of high-profile bank failures.

F.N.B. Corp. in Pittsburgh has invested $1.1 million in Hill District Federal Credit Union in Pittsburgh. The $44 billion-asset F.N.B.

Bank of America in Charlotte, N.C., has created its first accelerator.  The Bank of America Breakthrough Lab will launch a

Farmers & Merchants State Bank in Archbold, Ohio, has shortened its name. The $3 billion-asset unit of Farmers & Merchants

Wesbanco in Wheeling, W.Va., will have a new CEO sooner than expected. The $5 billion-asset company said in a press

Georgia Banking in Atlanta has raised $27.2 million through a private placement. The $1 billion-asset company raised the capital on

Arrow Financial in Glens Falls, N.Y., has parted ways with its president and CEO. The $4 billion-asset company said in

Another director of RBB Bancorp resigned because of a disagreement over the Los Angeles company’s corporate governance and policy matters.

The Federal Deposit Insurance Corp. wants to base its special assessment focused on banks’ uninsured deposit totals. The agency has

PacWest Bancorp in Los Angeles reported another large outflow of deposits. The $44.3 billion-asset company disclosed in its quarterly filing

Organizers of a proposed bank in Bedford, N.H., plan to raise at least $25 million in initial capital. Granite First

First Citizens BancShares in Raleigh, N.C., had a mammoth quarter for profitability after booking a $9.8 billion gain from buying

Marqeta, a card issuing platform, plans to cut about 15% of its workforce. The fintech disclosed in a regulatory filing

A group in Bedford, N.H., has applied to form a bank. Organizers of Granite First Bank submitted an application on

Cadence Bank in Tupelo, Miss., plans to close 35 branches this year, or roughly 8.5% of its network. The $48.7

Lakeland Financial in Warsaw, Ind., has a new president. The $6.4 billion-asset company said in a press release that Kristin

MVB Financial in Fairmont, W.Va., and Integrated Financial Holdings in Raleigh, N.C., have terminated MVB’s proposed purchase of IFHI. The

Perry County Bancorp has entered into a written agreement with the Federal Reserve that instructs the Du Quoin, Ill., company

The California Department of Financial Protection has joined the Federal Reserve in accepting some responsibility for the March 10 failure

Goldman Sachs in New York said that U.S. agencies are looking into its dealings with SVB Financial leading up to

PacWest Bancorp in Los Angeles cut its dividend to a penny. The $44.3 billion-asset company said late Friday that it

Blue Ridge Bankshares in Charlottesville, Va., has hired a veteran banker to serve as CEO of its bank. The $2.9

FNCB Bancorp in Dunmore, Pa., has decided not to buy any more shares in Quaint Oak Bancorp in Southampton, Pa.

Pacific West Bancorp in Portland, Ore., is the latest bank to take steps to avoid brand confusion. The parent of

Republic First Bancorp in Philadelphia is getting out of the mortgage business. The $6.2 billion-asset company also said in a

First Internet Bancorp in Fishers, Ind., is reporting a larger first-quarter loss after recording an additional charge off for a

At least 19 banks have tapped into the Federal Reserve’s Bank Term Funding Program. Those banks have borrowed more than

Western Alliance Bancorp. said it is weighing its legal options after the Financial Times published an article saying the Phoenix

Inspire Bank, a proposed Houston de novo, plans to apply to become a minority depository institution (MDI). Organizers also plan

Noble Credit Union in Fresno, Calif., has a new CEO. The $1.2 billion-asset credit union said in a press release

Equity Bancshares in Wichita, Kan., has hired a new bank president. The $5.1 billion-asset company said in a press release

PacWest Bancorp in Los Angeles said it hasn’t experienced any “out-of-the-ordinary deposit outflows” since Monday’s failure of First Republic Bank.

TD Bank Group in Toronto and First Horizon in Memphis, Tenn., have called off their planned merger. The $1.9 trillion-asset

Greenwood, an Atlanta digital bank focused on the Black and Latino communities, has acquired Kinly, a neobank that also serves

Securities sales cut into first-quarter profits at First of Long Island in Melville, N.Y. The $4.2 billion-asset company said in

The Federal Deposit Insurance Corp. floated a plan to offer different deposit insurance caps based on account type. The agency,

Orange County Bancorp in Middletown, N.Y., reported a sharp decrease in profit after it had to write off a $5

Community Bank System in Syracuse, N.Y., reported lower quarterly profit after joining the ranks of banks repositioning their balance sheets.

A group is looking to form a new bank in Houston. Organizers of Inspire Bank filed an application with the

Land of Lincoln Credit Union in Decatur, Ill., has agreed to buy Nokomis Savings Bank in Nokomis, Ill. The $457

Partners Bancorp in Salisbury, Md., was allowed to look for a buyer after OceanFirst Financial, its original acquirer, agreed to

Sterling Bancorp in Southfield, Mich., narrowed its losses in the first quarter. The $2.4 billion-asset company said in a press

Republic First Bancorp in Philadelphia reported a $9.7 million first-quarter loss that reflected elevated legal expenses and an investment in

First Republic Bank in San Francisco, Calif., was closed by the California Department of Financial Protection and Innovation. The Federal

Another bank is feeling the sting of Signature Bank’s failure. BayFirst Financial in St. Petersburg, Fla., disclosed that a scheduled

Coastal Financial in Everett, Wash., said deposits increased largely because of its ongoing Banking-as-a-Service push. The $3.5 billion-asset company said

Isabella Bank in Mt. Pleasant, Mich., has implemented its succession plan. The $2 billion-asset company said in a press release

The Federal Deposit Insurance Corp. used its post mortem of the failure of Signature Bank to reflect on things it

The Federal Reserve’s initial report on the failure of Silicon Valley Bank does not indicate that a full-blown banking crisis

Cross River Bank has entered into a consent order with the Federal Deposit Insurance Corp. that requires the Teaneck, N.J.,

Dime Community Bancshares in Hauppauge, N.Y., hired four deposit-focused groups from the failed Signature Bank.   The $13.8 billion-asset company

Movement Bank in Danville, Va., has a new president. Mike Whitehead announced his promotion on his LinkedIn profile. Whitehead, who

First Foundation in Dallas has reached an agreement with an activist investor to end litigation tied to director nominations. The

Bancorp 34 in Scottsdale, Ariz., has agreed to buy CBOA Financial in Tucson, Ariz. The $576 million-asset Bancorp 34 said

Eastern Bankshares in Boston reported a large quarterly loss after a major restructuring of its balance sheet. The $22.7 billion-asset

Hanover Bancorp in Mineola, N.Y., has a new president. The $2.1 billion-asset company said in a press release that Mac

MidWestOne Financial Group in Iowa City reported a sharp drop in profitability after repositioning its balance sheet. The $6.4 billion-asset

Hawthorn Bancshares in Jefferson City, Mo., will soon have a new CEO. The $1.9 billion-asset company said in a press

Mutuals in Illinois and Ohio plan to raise up to $27.7 million by converting to stock-owned companies.   PFS Bancorp

HarborOne Bancorp in Brockton, Mass., cut jobs in its mortgage division and will close a branch as part of a

First Internet Bancorp in Fishers, Ind., reported a net loss in the first quarter after shutting down its mortgage operations

First Interstate BancSystem in Billings, Mont., absorbed a large hit from selling securities in the first quarter. The $31.6 billion-asset

Prosperity Bancshares in Houston reported a sharp decline in deposits during the first quarter that it attributed to public funds.

PacWest Bancorp in Los Angeles reported a quarterly loss that reflected a goodwill impairment charge and expenses tied to an

Lake Shore Bancorp in Dunkirk, N.Y., has a new CEO. The $700 million-asset company said in a press release that Kim

BankUnited in Miami Lakes, Fla., lost $1.8 billion of deposits in the week after the failures of Silicon Valley Bank

Atlantic Union Bankshares in Richmond, Va., said a series of balance sheet moves, a legal reserve and a higher loan-loss

Peoples Bancorp in Marietta, Ohio, reported improved quarterly profit despite repositioning its balance sheet and recording a loan-loss provision. The

Three community banks completed private placements of common stock that collectively brought in nearly $45 million of capital. Iron Bancshares

NBT Bancorp in Norwich, N.Y., reported lower quarterly net income after writing off a $5 million investment in a failed

First Republic Bank in San Francisco plans to cut 20% to 25% of its workforce. The $233 billion-asset bank said

First National Bank and Trust in Shawnee, Okla., is getting closer to rebranding as Sovereign Bank. While the $815 million-asset

Bank of Marin Bancorp in Novato, Calif., lost $204 million of deposits over the final weeks of March. The $4.1

Middlefield Banc Corp. in Middlefield, Ohio, was the victim of a recent cyberattack. The $1.7 billion-asset Middlefield disclosed in a

Greg Becker has resigned as CEO of SVB Financial Group in Santa Clara, Calif. The company disclosed in a regulatory

Though unsuccessful in an effort to buy Silicon Valley Bank and Signature Bank, Johnny Allison is still interested in bidding

CrossFirst Bankshares in Leawood, Kan., has agreed to buy Canyon Bancorp. in Tucson, Ariz. The $6.9 billion-asset CrossFirst said in

FVCBankcorp in Fairfax, Va., reported lower earnings that reflected balance sheet repositioning and a loss tied to its investment in

Western Alliance Bancorp. in Phoenix is looking to sell loans and rebuild its deposit base as part of a plan

Comerica in Dallas provided more details on the deposit outflows that took place during the first quarter. The $91.1 billion-asset

National Bank Holdings in Denver has bought a deposit acquisition and processing platform from StoneCastle Partners. The $9.9 billion-asset banking

Farmers & Merchants Bancorp in Archibold, Ohio, reported lower quarterly earnings that reflected higher noninterest expenses and a decision to

Liberty Bank in Middletown, Conn., has launched a digital-only bank. The $7 billion-asset bank said in a press release that

BancFirst in Oklahoma City plans to buy a branch from RCB Bank in Claremore, Okla. The $12.4 billion-asset BancFirst applied

Pinnacle Financial Partners in Nashville, Tenn., was able to play offense and defense in the wake of two high-profile bank

Goldman Sachs Group in New York could look to sell GreenSky, a fintech it bought about year ago for more

First Horizon in Memphis, Tenn., is being tight-lipped about the status of its pending sale to TD Bank. The $81

Nicolet Bankshares in Green Bay, Wis., reported a quarterly loss after repositioning its balance sheet. The $8.2 billion-asset company said

The Independent Community Bankers of America has identified six fintechs to join its latest cohort. The latest ThinkTECH Accelerator program

AmeriServ Financial in Johnstown, Pa., reported lower net income after absorbing a $926,000 hit from a subordinated debt investment in

CCFNB Bancorp in Bloomsburg, Pa., has agreed to buy Muncy Bank Financial in Muncy, Pa. The $944 million-asset parent of

Apple debuted a savings account for its Apple Card users that offers a 4.15% annual rate. The technology giant said

The Small Business Administration is set to end a 41-year moratorium limiting how many nondepository lenders from participating in the

MainStreet Bankshares in Fairfax, Va., said its Banking-as-a-Service (BaaS) platform should launch at the end of this month. The $2.1

Regulators should rethink their approach to de novo bank activity, Federal Reserve Gov. Michelle Bowman said in a Friday speech.

Capital Bancorp in Rockville, Md., has a new bank president. The $2.1 billion-asset company said in a regulatory filing that

Wells Fargo in San Francisco said that veteran executive Mary Mack is retiring. The $1.9 trillion-asset company said in a

The Minnesota Credit Union Network has lined up its next CEO. The St. Paul, Minn., association said in a press

Altruist, a fintech custodian for registered investment advisers, has raised $112 million in a funding round led by Insight Partners

U.S. Bancorp in Minneapolis is shifting some executive responsibilities. The $675 billion-asset company said in a press release that Kate

Huntington Bancshares in Columbus, Ohio, has sold its retirement planning service business. The $182.9 billion-asset company disclosed in a regulatory

Walmart wants to end its credit card relationship with Capital One Financial in McLean, Va.   Capital One disclosed in

F&M Bank in Timberville, Va., has new leadership. The $1.3 billion-asset company said in a press release that Mike Wilkerson

CoastalSouth Bancshares in Hilton Head, S.C., has raised $9 million through a private placement of common stock. The $2 billion-asset

First Miami Bancorp in South Miami, Fla., considered four offers before deciding to negotiate with United Community Banks in Greenville,

Berkshire Hills Bancorp in Boston has added a former Federal Reserve official to its board. The $11.7 billion-asset company said

First Republic Bank in San Francisco has suspended payment of quarterly cash dividends on its outstanding noncumulative perpetual preferred stock.

Aspiration, a climate-focused neobank, plans to lay off more than 180 employees. The Marina Del Ray, Calif., company disclosed the

The Federal Deposit Insurance Corp. has hired Blackrock Financial Market Advisory to assist in marketing the securities portfolios of the

Farmers Bank and Savings in Pomeroy, Ohio, has applied to acquire Nelsonville Home and Savings in Nelsonville, Ohio. The $394

Organizers are looking to form a de novo bank in Ocala, Fla. A group filed an application for deposit insurance

Western Alliance Bancorp. in Phoenix said that deposit balances have stabilized in the past two weeks. The $65 billion-asset company

NuMark Credit Union in Joliet, Ill., has agreed to buy Pioneer State Bank in Earlville, Ill. The $637 million-asset NuMark

Webster Financial in Stamford, Conn., has a new bank president. The $71.3 billion-asset company said in a press release that

The Bankers Helping Bankers Fund has made its first investment, committing funds to RiskScout, a regtech company that specializes in

The founder of Frank faces four criminal charges from the Department of Justice tied to claims of “falsely and dramatically

South Plains Financial in Lubbock, Texas, sold its insurance agency to Alliant Insurance Services. The $3.9 billion-asset South Financial said

Deposits at small and midsize U.S. banks are inching back up. Excluding the nation’s 25 biggest banks, deposits rose roughly

The Federal Deposit Insurance Corp. will look to sell about $60 billion of former Signature Bank loans this summer. The

SoFi Technologies in San Francisco has bought Wyndham Capital Mortgage. SoFi said in a press release that it paid cash

Montana’s Credit Unions has its next CEO lined up. The association said in a press release that Gerry Singleton will

HBT Financial in Bloomington, Ill., has set the stage for its next CEO. The $4.3 billion-asset company said in a

Infinant, a Charlotte, N.C., fintech, has raised capital in a financing round involving FINTOP Capital and JAM FINTOP BankTech. Infinant

The Independent Community Bankers of America’s decision to bring its fintech accelerator in-house should expedite bringing products to member banks

Republic First Bancorp in Philadelphia is looking to address confusion over its name and that of First Republic Bank, which

The Federal Deposit Insurance Corp. has exercised its equity appreciation rights tied to common stock in First Citizens BancShares and

An activist investor has backed off a plan to nominate two directors to run for board seats at National Bankshares

First Carolina Bank in Rocky Mount, N.C., has hired an executive from Pinnacle Financial Partners to oversee its fintech strategy.

The White House is encouraging the Federal Deposit Insurance Corp. to exempt community banks from a special assessment tied to

The Consumer Financial Protection Bureau issued a rule that would require lenders to report data on small-business lending. The long-awaited

The Federal Reserve and Treasury Department have fined Wells Fargo in San Francisco a total of $97.8 million for unsafe

SkyPoint Federal Credit Union in Germantown, Md., said its CEO is retiring. The $210 million-asset credit union said in a

First Financial in Arthur, N.D., has agreed to buy HSB Financial in Harwood, N.D. The parent of the $515 million-asset

Patriot National Bancorp in Stamford, Conn., will have a new bank CEO. The $1.1 billion-asset company said in a press

The Fuller family is again running a bank in Dubuque, Iowa. Capra Bank is set to open next month in

German American Bancorp in Jasper, Ind., has tapped an insider to serve as its president. The $6.2 billion-asset company disclosed

The Federal Deposit Insurance Corp. received 27 offers from 18 bidders looking to buy Silicon Valley Bridge Bank and/or Silicon

The Federal Deposit Insurance Corp. plans to impose special assessments on the banking industry to replenish losses to the Deposit

FinWise Bancorp in Murray, Utah, has a new bank president. The $402 million-asset company said in a regulatory filing that

BM Technologies in Radnor, Pa., has hired an experienced banker to serve as co-CEO.   The parent company of BankMobile

First Citizens BancShares in Raleigh, N.C., has entered into a purchase and assumption agreement to buy deposits and loans tied

Vizo Financial Corporate Credit Union in Greensboro, N.C., has lined up its next CEO. The $6 billion-asset credit union said

The Independent Community Bankers of America’s first fintech accelerator of 2023 will focus on retaining and attracting deposits – a

Organizers of Nova Bank in Huntsville, Ala., have received conditional approval from the Federal Deposit Insurance Corp. The FDIC signed

Lone Star Bank in Houston considered offers from two other suitors – a bank and an investment group – before

First Carolina Bank in Raleigh has a new deposits partnership with BM Technologies in Radnor, Pa.   The $2.2 billion-asset

Executives at First Republic Bank in San Francisco will forego annual bonuses for 2023. The $213 billion-asset bank disclosed in

PacWest Bancorp in Los Angeles briefly explored raising capital before deciding that doing so “would not be prudent.”   The

First Mid Bancshares in Mattoon, Ill., has agreed to buy Blackhawk Bancorp in Beloit, Wis. The $6.7 billion-asset First Mid

PacWest Bancorp in Los Angeles said deposit volatility has “calmed” in recent days.   The $41.2 billion-asset company said in

The Federal Deposit Insurance Corp. has extended the bidding process for Silicon Valley Bridge Bank in Santa Clara, Calif. The

AmeriServ Financial has filed a lawsuit against Driver Management in an effort to invalidate the activist investor’s bid to have

New York Community Bancorp in Hicksville has acquired "substantially all deposits and certain loan portfolios" tied to Signature Bridge Bank

The Federal Reserve will launch its FedNow Service in July. The Fed said in a press release the formal certification

SVB Financial Group in Santa Clara, Calif., has filed for Chapter 11 bankruptcy protection a week after regulators seized its

RBB Bancorp said the sister of Alan Thian, who resigned as the Los Angeles company’s president and CEO last year,

Sterling Bancorp revised its fourth quarter and 2022 earnings after entering into a plea agreement with the Justice Department tied

First Republic Bank in San Francisco will receive a total of $30 billion of uninsured deposits from 11 U.S. banks.

South Shore Bancorp in South Weymouth, Mass., has agreed to merge with 1831 Bancorp in Dedham, Mass. The parent companies

Goldman Sachs in New York bought the portfolio of underwater securities that accelerated the demise of Silicon Valley Bank in

BayVanguard Bank in Baltimore plans to raise up to $141 million as part of its plans to convert from a

A high-ranking Federal Reserve official will oversee the post-mortem for Silicon Valley Bank. The Fed said in a press release

Silicon Valley Bank, the bridge bank formed after Friday’s high-profile failure, is “conducting business as usual,” according to its new

Somerset Savings Bank in Bound Brook, N.J., plans to raise up to $111 million as part of its plans to

Tim Mayopoulos, former president and CEO of Fannie Mae, was named CEO of the bridge bank tied to Friday's failure

Several banks have issued statements showing their overall financial health and sources of liquidity in the wake of two high-profile

SVB Financial in Santa Clara, Calif., is exploring strategic options for its businesses that were not seized by regulators on

What a topsy-turvy week. In a matter of days, Silvergate shut down its crypto exchange network, then announced it would liquidate

HSBC Holdings has bought Silicon Valley Bank UK for just over a dollar. HSBC said in a press release that

First Republic Bank in San Francisco said it has improved it financial position with help from the Federal Reserve and

Regulators shut down Signature Bank in New York while vowing to make all depositors of the New York bank and

LendingClub in San Francisco is among the companies that have disclosed having deposit accounts at Silicon Valley Bank at the

Regulators have taken over Silicon Valley Bank in Santa Clara, Calif., marking the second-largest bank failure behind Washington Mutual in

Republic First Bancorp in Philadelphia plans to raise $125 million in capital. The $5.6 billion-asset company said in a press

East Texas Bankshares of Livingston plans to merge its two banks. The company said it will merge the $311 million-asset

Derek Williams did not plan on a banking career. After graduating from college in 1984, he considered corporate finance. A

SVB Financial in Santa Clara, Calif., saw its shares tumble after disclosing plans to raise capital after selling a large

Julie L. Williams, who twice served as Acting Comptroller of the Currency, has joined the board of Anchorage Digital Bank