INSIGHTS INTO THE BANKING INDUSTRY
The Independent Community Bankers of America’s first fintech accelerator of 2023 will focus on retaining and attracting deposits – a timely endeavor given the recent fluidity of accounts. The ICBA’s ThinkTECH Accelerator, which will run from April 24 to June 30, will also look at real-time and instance payments ahead of the July launch of the Federal Reserve’s FedNow Service. The accelerator said in an announcement that it has “repeatedly”
Organizers of Nova Bank in Huntsville, Ala., have received conditional approval from the Federal Deposit Insurance Corp. The FDIC signed off on plans for the de novo bank on Tuesday, provided the founders can raise $21.7 million of initial capital. Organizers originally applied with the FDIC in mid-2021 but withdrew the application in April 2022. They resubmitted their application last August after “strengthening” the proposed bank’s management team. Marc Minish,
Lone Star Bank in Houston considered offers from two other suitors – a bank and an investment group – before deciding to have serious discussions with First Guaranty Bancshares in Hammond, La. The $3.2 billion-asset First Guaranty agreed in January to buy the $160.8 million-asset Lone Star. Lone Star’s board began to evaluate the rationale for selling in late 2021, hiring an investment bank and legal counsel in early February
First Carolina Bank in Raleigh has a new deposits partnership with BM Technologies in Radnor, Pa. The $2.2 billion-asset First Carolina said in a press release that it will be the exclusive provider of deposit accounts for BankMobile’s higher education program. First Carolina, which is exempt from interchange caps under the Durbin Amendment, should add $525 million of deposits once it onboards BankMobile’s customers. The BankMobile program primarily
Executives at First Republic Bank in San Francisco will forego annual bonuses for 2023. The $213 billion-asset bank disclosed in a regulatory filing that CEO Michael Roffler, Executive Chairman James Herbert II and all other executive officers will also forfeit vesting all performance-based incentives this year. Herbert also decided to waive his salary, effective March 12. The bank said the moves reflect recent volatility and an effort “to foster closer
PacWest Bancorp in Los Angeles briefly explored raising capital before deciding that doing so “would not be prudent.” The $41.2 billion-asset company said in a press release that it secured $1.4 billion in fully funded cash proceeds from ATLAS SP Partners through a new senior asset-backed financing facility. The move unlocked liquidity from “unencumbered, high-quality assets in an expeditious manner.” Overall deposits are down 20% from Dec. 31, including
First Mid Bancshares in Mattoon, Ill., has agreed to buy Blackhawk Bancorp in Beloit, Wis. The $6.7 billion-asset First Mid said in a press release that it will pay $90.3 million in stock for the $1.3 billion-asset Blackhawk. The deal, which is expected to close in the second half of this year, priced Blackhawk at 138.1% of its tangible book value. Blackhawk has 10 branches, $782 million of loans and
PacWest Bancorp in Los Angeles said deposit volatility has “calmed” in recent days. The $41.2 billion-asset company said in a press release that it had elevated net deposit outflows after regulators closed Silicon Valley Bank and Signature Bank, with a concentration in its venture banking business. Net outflows “have fallen sharply” since March 13, with “deposit balance fluctuations substantially stabilizing,” PacWest said. The company said its bank
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 effort 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
Silvergate Capital in La Jolla, Calif., plans to wind down operations and voluntarily liquidate its bank. The $11.4 billion-asset company
Newtek Business Services in Boca Raton, Fla., which recently bought a bank, has filed to raise up to $500 million
Saint Louis Bancshares in St. Louis, Mo., has raised $27 million in capital. The parent of the $824 million-asset St.
Fifth Third Bancorp in Cincinnati has agreed to buy Big Data Healthcare, a healthcare payments company. The $207 billion-asset Fifth
The CEO of Lake Shore Bancorp will retire just weeks after the Dunkirk, N.Y., company’s bank was classified as being
Fifth Third Bancorp in Cincinnati will shrink the size of its board after the retirement of its executive chairman. The
Silvergate Capital in La Jolla, Calif., has shut down its cryptocurrency payments network after months of implosions by digital assets
SouthState in Winter Haven, Fla., will eliminate the position of executive chairman, separating employment with former CEO Robert Hill Jr.
Signature Bank in New York has run off about $1.5 billion of crypto-related deposits so far this quarter. The $110.4
Webster Financial in Stamford, Conn., will delay filing its annual report after identifying a potential material weakness. The $71.3 billion-asset
Longview Community Bank in Mount Pulaski, Ill., has agreed to buy Bank of Chestnut in Chestnut, Ill. The $68.3 million-asset
First Fidelity Bank in Oklahoma City has started offering a Banking-as-a-Service product. The $2.7 billion-asset First Fidelity said in a
Buy Now, Pay Later borrowers are more likely to show signs of financial distress compared to non-users, according to a
Add another regional bank to the list of financial institutions doing away with overdraft fees for consumer accounts. Wintrust Financial
Avidia Bank in Hudson, Mass., will soon have a new president and CEO. The $2.5 billion-asset bank said in
Silvergate Capital in La Jolla, Calif., warned that recent securities sales will negatively affect its regulatory capital levels and could
U.S. Bancorp in Minneapolis has invested in Ownera, a fintech that works with tokenized assets. Ownera said in a press
MVB Financial in Fairmont, W.Va., has sold an advisory practice it bought three years earlier. The $3.1 billion-asset company said
Washington Federal in Seattle saw an opportunity with a bank that a number of other banks had no interest in
Thread Bancorp in Brentwood, Tenn., has hired a banker from Live Oak Bank to oversee its fintech relationships. The $417
TD Bank in Toronto and First Horizon in Memphis, Tenn., are skeptical that they can complete their merger by the
Archway, a platform that was spun off from Washington Federal in Seattle, has raised $15 million of Series A funding.
Park National in Newark, Ohio, has agreed to pay $9 million to settle redlining claims. The Justice Department said in
S&T Bancorp in Indiana, Pa., will eliminate all nonsufficient funds (NSF) fees for consumer and business deposit accounts. The $9.1
An investor group led by one of Martin Luther King’s children and a former Trump Administration official has agreed to
U.S. Bancorp said the Consumer Financial Protection Bureau is considering "a potential enforcement action" tied to the Minneapolis company’s handling
Apex Bank in Camden, Tenn., plans to move its corporate headquarters to West Knoxville. The $1.1 billion-asset bank has a
Unity National Bank of Houston has received a $50 million investment from Baker Hughes, an energy technology company. Baker Hughes
Two executives at Metallicus, a San Francisco fintech, has applied to form a bank holding company and buy State Bank
TD Bank in Toronto; Independent Bank Group in McKinney, Texas; and HSBC Holdings are the latest banks to settle longstanding
Synergy Bancshares in Houma, La., has agreed to buy Peoples Bancshares of Pointe Coupee Parish in New Roads, La. The
HarborOne Bancorp in Brockton, Mass., has changed its bank’s charter after getting too big to use a benefit of being
The Credit Union Executives Society (CUES) in Madison, Wis., has hired a search firm to help it find a successor
The Federal Reserve Board has rejected a request by Custodia Bank to reconsider last month’s decision to deny the Cheyenne,
Citizens Trust Bank in Atlanta will hold about $65 million of USD Coin (USDC) cash reserves for Circle Internet Financial
Federal bank regulators are warning banks to be diligent about potential runs associated with crypto-related deposits. The Federal Reserve, Federal
A potential battle is brewing at First Foundation after the Dallas company invalidated an attempt by an activist investor to
Byline Bancorp in Chicago briefly walked away from talks to buy Inland Bancorp in Oak Brook, Ill. The $7.4 billion-asset
Dietrich Bank in Effingham, Ill., will soon have a new CEO. The $1.2 billion-asset bank said in a press release
Main Street Financial Services in Wheeling, W.Va., has agreed to buy Wayne Savings Bancshares in Wooster, Ohio. The $604.3 million-asset
First Citizens BancShares in Raleigh, N.C., has rebranded its vendor equipment finance unit. The $109.3 billion-asset company said in a
LINKBANCORP in Camp Hill, Pa., has agreed to buy Partners Bancorp in Salisbury, Md. The $1.2 billion-asset LINK agreed to
At least 136 banks insured by the Federal Deposit Insurance Corp. had ongoing or planned crypto-related activities in January. Many
Brunswick Bancorp in New Brunswick, N.J., considered six offers before agreeing to negotiate exclusively with Mid Penn Bancorp in Harrisburg,
Provident Bancorp in Amesbury, Mass., has locked down its top leadership. The $1.6 billion-asset company said in a press release
Buckeye State Bancshares in Powell, Ohio, has agreed to buy Rockhold Bancshares in Bainbridge, Ohio. The parent of the $320
Washington Business Bank in Olympia no longer plans to sell itself to an individual investor. The $97.5 million-asset bank
PacWest Bancorp in Los Angeles plans to lay off 200 employees at a unit that lends to real estate investors.
Woodland Bank in Deer River, Minn., has a new president. The $138 million-asset bank named Kurt Werner to the post,
Huntington Bancshares in Columbus, Ohio, plans to streamline its consumer operations into a single segment. The $183 billion-asset company will
Ohio Valley Banc Corp. in Gallipolis plans to close its online consumer mortgage company. The $1.2 billion-asset company disclosed in
The Bankers Helping Bankers Fund, a fintech-focused venture capital fund, has completed its first fundraising round. The BHB Fund, managed
Fifth Third Bancorp in Cincinnati is planning to merge Provide, a heath care focused fintech, into its bank. The $207
A group in Grandview Heights, Ohio, is planning a women-owned bank. Organizers have applied with the Federal Deposit Insurance Corp.
Clarion County Community Bank in Clarion, Pa., is planning a new division to focus on expansion in Erie, Pa. The
Creighton Federal Credit Union in Omaha, Neb., is slowly getting back to normal following a series of fraudulent online debit
FB Financial in Nashville, Tenn., has invested in a fintech that focuses on manufactured home loans. The $12.8 billion-asset company
A former president of First Security Bank-West in Beulah, N.D., has been sentenced to two years in federal prison after
Customers Bancorp in Malvern, Pa., has formed a new loan syndications banking team, marking an expansion in middle-market lending. The
Joe DePaolo, founding CEO of Signature Bank, plans to gradually step back from the New York bank. The $110 billion-asset
Truist Financial in Charlotte, N.C., has agreed to sell a 20% stake in its insurance unit for nearly $2 billion
Lake Shore Bancorp in Dunkirk, N.Y. has suspended its quarterly dividend after its bank was classified as being in a
TD Bank in Toronto has pledged $50 billion to underserved communities as part of a community benefits plan tied
Comun, a challenger bank that will focus on the Latino community, has raised $4.5 million in seed funding. The neobank
Hiring challenges spurred Salisbury Bancorp in Lakeville, Conn., to start looking for a buyer last fall. The $1.5 billion-asset company
Lael Brainard will resign from the Federal Reserve after being appointed the new director of President Biden’s National Economic Council.
Citizens Alliance Bank in Clara City, Minn., has agreed to buy Granite Mountain Bank in Butte, Mont. The $1.2 billion-based
Trico Bancshares in Chico, Calif., is dealing with a cybersecurity incident. The $9.9 billion-asset company disclosed in a regulatory filing
United Community Banks in Greenville, S.C., has agreed to buy First Miami Bancorp in South Miami, Fla. The $24
Northpointe Bank in Grand Rapids, Mich., is exiting the correspondent lending business. The $4.4 billion-asset bank plans to focus more
TD Bank Group in Toronto and First Horizon in Memphis, Tenn., have extended the deadline date for their planned merger.
Ashton Ryan, former CEO of First NBC Bank, has been found guilty of bank fraud charges that contributed to the
Northwest Bank in Columbus, Ohio, has formed a commercial finance group. The $14 billion-asset bank said in a press release
Affirm Holdings in San Francisco has reduced its reliance on Cross River Bank in Teaneck, N.J., to originate loans. The
Wells Fargo agreed to pay $300 million to settle a class-action lawsuit that claimed the San Francisco company did not
SVB Financial Group in Santa Clara, Calif., has promoted several executives to lead key verticals. The $213 billion-asset company said
Adelphi Bank, a black-owned de novo in Columbus, Ohio, is poised to become the first bank to open in 2023.
The Federal Deposit Insurance Corp. lowered the Community Reinvestment Act (CRA) rating for Transportation Alliance Bank, reflecting an issue with
Country Agencies & Investments, a bank holding company in Odessa, Mo., has merged the three banks it owns. The BHC
Fidelity Bank in Wichita, Kan., plans to sell two branches in Oklahoma to WeStreet Federal Credit Union in Tulsa, Okla.
CF Bankshares in Columbus, Ohio, plans to add several new commercial products in coming months. The $1.8 billion-asset company said
Republic First Bancorp in Philadelphia has parted ways with its bank president. The $5.6 billion-asset company disclosed in a regulatory
BayFirst Financial in St. Petersburg, Fla., will have a new CEO in 2024. The $939 million-asset company said in a
Clackamas Federal Credit Union in Oak Grove, Ore., has rebranded as Embold Credit Union. The $612 million-asset credit union said
Comerica in Dallas has formed a national investment banking group within its Comerica Securities unit. The $85 billion-asset company said
Upstart Holdings in San Mateo, Calif., is the latest fintech to lay off a large percentage of its workforce. The
First Bank of Baldwin in Wisconsin has rebranded as Pillar Bank. The $244 million-asset bank made the announcement on its
The Federal Deposit Insurance Corp. has given conditional approval for organizers to form Icon Business Bank in Riverside, Calif. The
Community Bank System in Syracuse, N.Y., has repositioned its securities portfolio. The $15.8 billion-asset company said in a press
Timberland Bancorp in Hoquiam, Wash., has a new CEO. The $1.8 billion-asset company disclosed in a regulatory filing that Dean
LevelField Financial, a Houston fintech that focuses on digital assets, has agreed to buy Burling Bank in Chicago. LevelField did
First Savings Financial Group in Jeffersonville, Ind., plans to restate its earnings to address several accounting matters. The $2.1 billion-asset
The Consumer Financial Protection Bureau plans to cap credit card late fees at $8 as part of a series of
First Waterloo Bancshares in Waterloo, Ill., has raised nearly $8.5 million through a private placement. The $823 million-asset company raised
Provident Bancorp in Amesbury, Mass., returned to profitability and slashed its exposure to the cryptocurrency industry during the fourth quarter.
New York Community Bancorp in Hicksville plans to close all of its out-of-market mortgage offices. The $90.1 billion-asset company, which
Heartland Financial USA has officially moved its corporate headquarters from Dubuque, Iowa, to Denver. The $20.2 billion-asset company said in
PacWest Bancorp in Los Angeles is making a flurry of changes as it transitions to new CEO Paul Taylor. The
Northwest Community Bank in Winsted, Conn., will have a new CEO this fall. The $1.1 billion-asset bank said in a
Vista Bancshares in Dallas has agreed to buy Charis Holdings in Justin, Texas. The $1.6 billion-asset Vista said in a
Century Savings Bank in Vineland, N.J., has a new CEO. The $600 million-asset bank said in a press release that
BM Technologies in Radnor, Pa., which tried unsuccessfully to buy a bank last year, plans to lay off about 25%
Wintrust Financial in Rosemont, Ill., is preparing for a new CEO. The $53 billion-asset company said in a press
Foro, a fintech that aims to pair business owners with commercial lenders, has launched after receiving financial backing from a
Ken Guenther, who served as president and CEO of the Independent Community Bankers of America for more than 20 years,
The Federal Reserve has denied an application by Custodia Bank in Cheyenne, Wyo., to become a member of the Federal
Atlantic Union Bankshares in Richmond, Va., has hired the former chief technology officer at PNC Financial Services Group to fill
Silvergate Capital in La Jolla, Calif., is preserving capital by suspending dividends on a series of preferred stock. The $11.4
Primis Financial in McLean, Va., expects its bulked-up mortgage business to break even in the first quarter. The $3.6 billion-asset
Brent Beardall is set to return to Washington Federal in Seattle just weeks after surviving a plane crash in Utah.
Bank of South Carolina in Charleston has finalized its CEO succession. The $653 million-asset company said in a press release
First Internet Bancorp in Fishers, Ind., plans to exit the consumer mortgage business. The $4.3 billion-asset company said in a
PBCO Financial in Medford, Ore., will have a new CEO this summer. The $800 million-asset parent of People’s Bank of
Signature Bank of Arkansas in Fayetteville has promoted an insider to oversee its mortgage operations. The $935 million-asset unit of
Cullen/Frost Bankers in San Antonio, Texas, is moving forward with a return to mortgage lending. The $52.3 billion-asset company said
The Independent Community Bankers of America has hired a director for its ThinkTECH Accelerator. The banking association said in a
ChoiceOne Financial Services in Sparta, Mich., plans to launch an enhanced treasury services online platform this year. The $2.4 billion-asset
A well-known activist investor plans to nominate a director candidate to stand for election at the upcoming annual meeting of
First Internet Bancorp in Fishers, Ind., has made progress with several fintech clients as it ramps up its Banking-as-a-Service platform.
A legal tussle will prevent Republic First Bancorp in Philadelphia from holding director elections at tomorrow’s annual meeting. The $5.6
Spring Bank in Brookfield, Wis., has a new president. The $375 million-asset bank said in a press release that Heather
Salisbury Bancorp in Lakeville, Conn., is looking to retrieve funds that were erroneously sent to a trust client. The $1.5
Popular in San Juan, Puerto Rico, plans to spend $50 million this year on technology initiatives. The $70.7 billion-asset company
Merchants Bancorp. in Hillsboro, Ohio, will combine the roles of president and CEO. The $1.2 billion-asset company said in a
Premier Financial in Defiance, Ohio, has acquired an insurance agency. The $8.5 billion-asset company said in a press release that
First Busey in Champaign, Ill., disclosed that it has a new leader for its payments unit. The $12.3 billion-asset company
Coastal Financial in Everett, Wash., has hired an outsider to oversee tech initiatives. The $3.1 billion-asset company said in a
The Federal Reserve has fined Popular Bank $2.3 million for deficiencies processing six Paycheck Protection Program loans. The Fed said
The White House official who oversaw the Paycheck Protection Program has been hired to serve as the first CEO of
North Shore Bank in Brookfield, Wis., has a new CEO with a familiar name. The $2.6 billion-asset bank said in
Northwest Bancshares in Columbus, Ohio, plans to close eight branches and lay off 12% of its staff. The $14.1 billion-asset
Citizens Holding in Philadelphia, Miss., has lined up its next bank CEO. The $1.4 billion-asset company said in a press
Bank of Marin Bancorp in Novato, Calif., plans to close four branches. The $4.1 billion-asset company said in a press
Carver Bancorp in New York has been freed from an enforcement action. The $756 million-asset company disclosed in a press
Triumph Financial in Dallas has added a banking veteran to its board. The $5.6 billion-asset company said in a press
NBKC Bank in Kansas City, Mo., has agreed to become the Banking-as-a-Service (BaaS) provider to Acorns, a fintech that helps
Silvergate Capital in La Jolla, Calif., said its relationship with Genesis Global Holdco was limited to deposits. The $11.4 billion-asset
A new fintech plans to offer speedy loan approvals and one-click loan activation for credit union members after raising $5
CapStar Financial Holdings in Nashville, Tenn., has a new leader for its Small Business Administration lending division. The $3.1
First Central Credit Union in Waco, Texas, has agreed to buy a branch from Citizens State Bank in Woodville, Texas.
Metropolitan Bank Holding in New York is hopeful it can resolve an investigation by bank regulators tied to a former
BV Financial in Baltimore is planning to become a fully stock-owned company. BV Financial said in a press release that
Oregon Pacific Bank in Florence repositioned its securities portfolio during the fourth quarter. The $754 million-asset bank said in a
Farmington State Bank in Farmington, Wash., is the latest bank to announce plans to get out of the crypto business.
First Community Bankshares in Bluefield, Va., found itself negotiating one-on-one with Surrey Bancorp in Mount Airy, N.C., after another potential
Old National Bancorp in Evansville, Ind., unveiled a new wealth management brand that combines a number of its wealth advisory
AmeriServ Financial in Johnstown, Pa., has responded to Driver Management, stating that its board tried to work with the activist
Florence Bank in Florence, Mass., has a new CEO. Matt Garrity was also named president of the $1.9 billion-asset bank,
Parke Bancorp in Washington Township, N.J., is missing a "significant" amount of cash that was held by a third party
Horizon Bancorp in Michigan City, Ind., has its next CEO lined up. The $7.7 billion-asset company said in a press
Encore Bancshares in Little Rock, Ark., has added a former banker with ties to one of its investors to its
Bank of Clarke County in Berryville, Va., has shortened its name. The $1.5 billion-asset bank said in a press release
Bank of Montreal has received approval from the Federal Reserve and the Office of the Comptroller of the Currency to
Silvergate Capital in La Jolla, Calif., which lost $1 billion in the fourth quarter amid "a crisis of confidence" in
Newtek Business Services in Boca Raton, Fla., has selected one of its own to become president of its newly acquired
A well-known activist investor has set its sights on two banks. Driver Management in New York intends to nominate directors
LendingClub in San Francisco plans to lay off 225 employees to offset reduced marketplace revenue tied to rising interest rates.
The House Financial Services Committee has formed a new subcommittee to focus on digital assets and fintech. Rep. French Hill
City National Bank in Los Angeles has agreed to commit more than $31 million to increase lending to Black and
The management team at Prosperity Bancshares in Houston had a busy summer. The $37.8 billion-asset company’s executives juggled negotiations and
Centier Bank in Merrillville, Ind., latest promotion continues a longstanding practice at the family-owned bank. The $6.3 billion-asset bank said
Forbright Bank in Potomac, Md., has hired a veteran banker to oversee the creation of a digital bank. The $6.4
Wells Fargo in San Francisco plans to exit correspondent lending and reduce the size of its servicing portfolio. The $1.9
Sturdy Savings Bank in Stone Harbor, NJ, has a new CEO. The $1.3 billion-asset bank said in a press release
Old Mission Bank in Sault Sainte Marie, Mich., has agreed to be sold to 4Front Credit Union in Traverse City,
Heritage Financial in Olympia, Wash., has entered the Boise, Idaho, market after hiring a lending team. The $7.2 billion-asset company
The CEO of Integrated Financial Holdings in Raleigh, N.C., has died in a plane crash in southern Virginia. Eric John
Citizens Bank of Philadelphia in Mississippi said that its CEO is retiring. The $1.4 billion-asset unit of Citizens Holding said
Columbia Banking System in Tacoma, Wash., and Umpqua Holdings in Portland, Ore., expect to complete their merger in February after
Bancorp 34 in Scottsdale, Ariz., has raised $14 million through a private placement of common and preferred stock. The $572
First of Long Island in Melville, N.Y., plans to appoint a well-known activist investor to its board. The $4.3 billion-asset
Nuvei, a payment technology firm in Montreal, has agreed to buy Paya Holdings, an integrated payments platform based in Atlanta.
Legacy Bank and Trust in Mountain Grove, Mo., has formed a mortgage unit. Legacy Capital Mortgage is “a HUD-approved multifamily
Western Alliance Bancorp. in Phoenix plans to open a technology hub in Westerville, Ohio. The $69 billion-asset company said in
Metropolitan Bank Holding in New York plans to fully exit the crypto-asset business. The $6.4 billion-asset company said in a
First Guaranty Bancshares in Hammond, La., has agreed to buy Lone Star Bank in Houston. The $3.1 billion-asset First Guaranty
Mark Vitner, retired chief economist for Wells Fargo, has created his own business. Vitner announced on his LinkedIn page that
Independent Bank in Rockland, Mass., has selected its next CEO. The $20 billion-asset company said in a press release that
Hope Bancorp in Los Angeles is bringing back one of its retired executives on an interim basis. The $19.1 billion-asset
Parkway Acquisition in Independence, Va., has changed its name to match its bank brand. The parent of the $1 billion-asset
HNB Bancorp in Hannibal, Mo., has agreed to buy Northeast Missouri Bancshares in Louisiana, Mo. The parent of the $649.9
Encore Bancshares in Little Rock, Ark., has added a Florida banker to its bank’s board. The company said in a
Mid Minnesota Federal Credit Union in Baxter, Minn., has hired a banking veteran as its president and CEO. The $661
First Business Financial Services in Madison, Wis., has a new president. The $2.9 billion-asset company said in a press release
Richard Hunt is finding ways to stay busy after retiring as CEO of the Consumer Bankers Association. Hunt announced on
Pacific West Bank in West Linn, Ore., has formed a holding company. The $291.3 billion-asset bank said in a press
Securrency, a cryptocurrency infrastructure startup, has hired the head of State Street Digital as its CEO. Nadine Chakar will take
CIB Marine Bancshares in Champaign, Ill., plans to expand its mortgage lending operations into six states The parent of
Community bankers said cybersecurity and credit risk are their biggest challenges in 2023. About 85% of the more than 100
Carver State Bank in Savannah, Ga., didn’t have to look to far to find its next leader. Robert James Sr.
FirstPerryton Bancorp in Perryton, Texas, has raised $37.3 million through a private placement of common stock. The parent of the
Silvergate Capital in La Jolla, Calif., said it will cut 40% of its workforce and table plans for a blockchain-based
Fulton Financial in Lancaster, Pa., has promoted an insider to serve as president of its private bank. The $26 billion-asset
First Financial Bancorp in Cincinnati has acquired financial advisory firm Brady Ware Capital. The $16.6 billion-asset company said in a
First State Bank and Trust in Tonganoxie, Kan., has a new president and CEO. The $437 million-asset bank named Jilinda
Regent Bank in Tulsa, Okla., has hired a veteran tech executive to oversee a push into venture banking. The $1.1 billion-asset
Renasant in Tupelo, Miss., has acquired commercial finance company Republic Business Credit. The $16.5 billion-asset company said in a press
Brent Beardall, president and CEO of Washington Federal in Seattle, is in stable condition after a private plane he was
A state bank regulator has been appointed to oversee fintech developments for the National Credit Union Administration. The NCUA said
An investor group is looking to form a holding company to buy First National Bank of Brookfield in Illinois. Brookfield
Banks dealing with digital assets must be mindful of potential fraud, legal uncertainties, volatility and inaccurate or misleading disclosures, federal
Blue Ridge Bankshares in Charlottesville, Va., which was ordered last year to improve its oversight of fintech partnerships, has hired
First Merchants in Muncie, Ind., has been freed from a 2019 order from the Department of Justice tied to its
Trustmark in Jackson, Miss., will recognize a $100 million litigation settlement expense in the fourth quarter after settling longstanding litigation
Several high-profile acquisitions were scuttled last year for a variety of reasons. Overall, 167 bank deals were announced in 2022,
Citizens Bank of Weston in West Virginia said that its president and CEO will retire. Charles Stalnaker has been in
Bank consolidation in 2022 fell well short of the prior year’s level. There were 167 bank acquisitions announced through Dec.
Penn East Federal Credit Union in Scranton, Pa., is looking for a new president and CEO. The $258.4 million-asset credit
Lake Shore Bancorp in Dunkirk, N.Y., has terminated a pair of change-in-control agreements to comply with a recent formal agreement
Several credit unions have named new CEOs heading into 2023. The $628 million-asset Dover Federal Credit Union in Dover, Del.,
Juniata Valley Financial in Mifflintown, Pa., has agreed to buy a branch from Orrstown Financial in Shippensburg, Pa. The $815
A shareholder group has updated an offer to significantly increase its investment in Republic First Bancorp in Philadelphia. A group
The CEO of Citizens National Bank at Brownwood in Texas is retiring. John Guest will step down on Dec. 31,
Richmond Mutual Bancorp. in Richmond, Ind., will soon have a new bank president. The $1.3 billion-asset company disclosed in a
Currency Bank in Baton Rouge, La., has raised more capital. The $124 million-asset bank said in a press release that
State Bankshares in Fargo, N.D., raised roughly $37.3 million in capital. The parent of the $11.7 billion-asset Bell Bank brought
De novo activity, while far off levels seen before the 2008 financial crisis, had notable momentum in 2022. Fifteen new
Organizers of the proposed New Canaan Bank in Connecticut have given up on an effort to create the de novo.
BM Technologies and First Sound Bank in Seattle have terminated their plans to merge. BM Technologies, a fintech spun off
Provident Bancorp in Amesbury, Mass., said its CEO has stepped down just weeks after it projected a large quarterly loss
Land of Lincoln Credit Union in Decatur, Ill., has agreed to buy Colchester State Bank in Colchester, Ill. The $378
Lake Shore Bancorp in Orchard Park, N.Y., is in the market for a new president and CEO. The $700 million-asset
Hulett Bancorp in Hulett, Wyo., which sold a stake in itself to Nexo earlier this year, raised another $400,000 through
Figure Acquisition Corp. I, a SPAC that was in talks to buy a bank, plans to cease operations after the
Republic First Bancorp in Philadelphia has a new CEO. The $5.7 billion-asset company said in a press release that Tom
The Combs family has agreed to buy Stone Bancshares in Mountain View, Ark. The family will pay an undisclosed amount
Steven Bradshaw, who retired as BOK Financial’s CEO earlier this year, will retire from the Tulsa, Okla., company’s board at
Mid Penn Bancorp in Harrisburg, Pa., has agreed to buy Brunswick Bancorp in New Brunswick, N.J. The $4.3 billion-asset Mid
Alabama One Credit Union in Tuscaloosa has agreed to buy First Bank in Wadley, Ala. The $956.8 million-asset credit union
VWF Bancorp in Van Wert, Ohio, will soon have a new CEO. The $145.8 million-asset company disclosed in a regulatory
Wells Fargo in San Francisco entered into a new consent order and agreed to pay more than $3.7 billion to
Kevin Tylus, who was CEO of Royal Bancshares of Pennsylvania when it was sold to Bryn Mawr Bank, has died.
Simmons First National in Pine Bluff, Ark., will start 2023 with a new CEO. The $27.1 billion-asset company said in
Banc of California in Santa Ana will soon have a new bank president as part of a series of executive
Sandy Spring Bancorp in Olney, Md., is the latest bank to eliminate nonsufficient funds (NSF) fees for personal accounts. The
Genesis Bank in Newport Beach, Calif., is making a bigger push into banking homeowners associations. The $125 million-asset bank said
Several banks are combining the roles of chairman and CEO heading in 2023. Sandy Spring Bancorp in Olney, Md.; Burke
Patrick Sells has left NYDIG to co-found a company that will help financial institutions with digital upgrades and vetting fintech
Binance.US in Palo Alto, Calif., has agreed to buy Voyager Digital’s assets for about $1 billion. Voyager, which has been
Calvin B. Taylor Bankshares in Berlin, Md., has a new chairman. The company said in a press release that Tom
ACNB in Gettysburg, Pa., is applying its brand to its operations in Maryland. The $2.7 billion-asset company said in a
M&T Bank in Buffalo has agreed to sell the collective investment trust business of one of its subsidiaries to Madison
Traditions First Bank in Clarksville, Tenn., will soon have a new president. The $235 million-asset bank said in a press
Pinwheel, a fintech that aggregates real-time income and employment data, has added a former Consumer Financial Protection Bureau official to
LGE Community Credit Union in Atlanta has agreed to buy Greater Community Bank in Rome, Ga. The $2 billion-asset LGE
Synovus Financial in Columbus, Ga., will have a new chairman next year. The $59 billion-asset company said in a press
Washington Trust Bancorp in Westerly, R.I., will have a new president in 2023. The $6.4 billion-asset company said in a
Empower Federal Credit Union in Syracuse, N.Y., has hired a former banker as its CEO. The $3 billion-asset credit union
Lynn Fuller has resigned from the board of Heartland Financial USA as part of an agreement between the Dubuque, Iowa,
Shore Bancshares in Easton, Md., has agreed to buy Community Financial in Waldorf, Md. The $3.4 billion-asset Shore said in
Daryl Bible didn’t stay retired very long. M&T Bank in Buffalo, N.Y., said in a press release that Bible will
Alex Sanchez plans to retire as president and CEO of the Florida Bankers Association. Sanchez plans to step down in
U.S. Bancorp in Minneapolis has hired a former JPMorgan Chase executive to oversee its branch network. The $601 billion-asset company
First Bank in Hamilton, N.J., has agreed to buy Malvern Bancorp in Paoli, Pa. The $2.6 billion-asset First Bank said
FNCB Bancorp in Dumore, Pa., has acquired a 4.9% stake in Quaint Oak Bancorp in Southampton, Pa. The $707 million-asset
Evermore Bank is ready to open in Fort Lauderdale, Fla., after raising $25 million of initial capital. The proposed de
Dort Financial Credit Union in Grand Blanc, Mich., has agreed to buy Flagler Bank in West Palm Beach, Fla., from
Hometown Community Bancorp in Morton, Ill., has agreed to buy Marine Bancorp in Springfield, Ill. The parent of the $4.8
Enterprise Financial Services in St. Louis, Mo., has added three directors, including a former bank executive. The $13 billion-asset company
CNB Financial in Clearfield, Pa., plans to launch a banking division to focus on female entrepreneurs and business leaders. The
RBB Bancorp in Los Angeles has hired a former bank president to serve as its chief administrative officer. The $3.9
Summit Financial Group in Moorefield, W.Va., has agreed to buy PSB Holding in Preston, Md. The $3.9 billion-asset Summit said
Northeast Bank in Portland, Maine, could sell up to $50 million of common stock as part of an at-the-market offering.
A special purpose acquisition company affiliated with Figure Technologies said it has a nonbinding letter of intent to buy a
Western Alliance Bancorp. in Phoenix has added a former executive from Huntington Bancshares to its board. The $65 billion-asset company
Partners Bancorp in Salisbury, Md., which recently terminated an agreement to sell to OceanFirst Financial, has a new CEO. The
Kearny Financial in Fairfield, N.J., plans to reduce annual operating expenses by 5% to 10%. The $7.9 billion-asset company said
Northeast Bank in Portland, Maine, disclosed that it has lined up the purchase of nearly $1.2 billion of commercial real
Signature Bank in New York could reduce its digital assets deposits by more than $8 billion in the coming weeks.
Veridian Credit Union in Waterloo, Iowa, has agreed to buy American Investors Bank and Mortgage in Eden Prairie, Minn. The
A pair of Illinois banks recently raised capital through private placements of common stock. The $385 million-asset Merchants and Manufacturers
Palmetto Citizens Federal Credit Union in Columbia, S.C., has hired a former bank executive as its next CEO. The$1.3 billion-asset
Silvergate Capital in La Jolla, Calif., said it "conducted extensive due diligence” before agreeing to work with FTX and Alameda
Comerica in Dallas has opened its first offices in Georgia and South Carolina. The $84 billion-asset company said in a
Texas Regional Bank in Harlingen, Texas, has entered into insurance brokerage after buying an agency. The $2.5 billion-asset bank said
NBT Bancorp in Norwich, N.Y., has agreed to buy Salisbury Bancorp in Lakeville, Conn. The $11.6 billion-asset NBT said in
Grand River Commerce in Grandville, Mich., has formed a mortgage company. The $527 million-asset company said that Grand River Mortgage
SVB Financial Group in Santa Clara, Calif., has filled two key executive posts. The $212.9 billion-asset SVB said in a
Webster Financial in Stamford, Conn., has agreed to buy StoneCastle Insured Sweep from StoneCastle Partners. The $65 billion-asset Webster said
TD Bank Group and Bank of Montreal have pushed back the projected closing dates for their purchase of U.S. banks.
LendingClub in San Francisco has agreed to buy a roughly $1.1 billion portfolio of personal loans from the parent company
Triumph Bancorp in Dallas has rebranded as Triumph Financial. The $5.6 billion-asset company said in a press release that it
Newtek Business Services in Boca Raton, Fla., has secured approval from the Office of the Comptroller of the Currency to
Byline Bancorp in Chicago has agreed to buy Inland Bancorp in Oak Brook, Ill. The $7.3 billion-asset Byline said in
Greenwood, a challenger bank that is focused on Black and Latino customers, has raised $45 million in new capital. Greenwood
A former professional baseball player will join the board of Farmers National Banc Corp. in Canfield, Ohio. The $4.1 billion-asset
TowneBank in Suffolk, Va., announced that its president will retire at the end of this year. The $16.9 billion-asset bank
OceanFirst Financial in Red Bank, N.J., has boosted its stake in a specialty commercial equipment finance company. The $12.7 billion-asset
State Street in Boston and Brown Brothers Harriman have agreed to terminate a deal where State Street would have acquired
Central Bank of St. Louis will have a new president. The $2.3 billion-asset unit of Central Bancompany announced that Dan
Totem, a challenger bank in Tulsa, Okla., that plans to offer banking services to Native Americans, has raised $2.2 million
First Reliance Bancshares in Florence, S.C., said that its chief operating officer is leaving to become CEO of a nonbank
Integro Bank in Phoenix is now an approved lender for the Small Business Administration’s 7(a) program. The $26.6 million-asset de
Silvergate Capital in La Jolla, Calif., said its exposure to BlockFi, the latest crypto-focused company to seek bankruptcy protection, is
National Capital Bancorp in Washington, D.C., will soon have a new bank CEO. National Capital said in a press release
BMO Financial Group has reached a five-year, $40 billion agreement with community groups to facilitate its pending purchase of Bank
Safra New York Corp. has agreed to buy Delta North Bankcorp in New York. Safra, the parent of the $9.5
The Bank of Princeton in New Jersey has filed its application to acquire Noah Bank in Elkins Park, Pa. The
Citizens Commerce Bancshares in Versailles, Ky., waited to reap as much benefit as possible from deferred-tax assets before agreeing to
EOS developer block.one and its CEO have built a nearly 9.3% stake in Silvergate Capital in La Jolla, Calif. Block.one,
Several executive changes are planned at 1st Source in South Bend, Ind. The $8.1 billion-asset company said in a press
The Federal Deposit Insurance Corp. has terminated a consent order against the bank unit of Unity Bancorp in Clinton, N.J.
UMB Financial in Kansas City, Mo., has acquired the health savings account business of Old National Bancorp in Evansville, Ind.
HBT Financial in Bloomington, Ill., will soon have a new bank president. The $4.2 billion-asset HBT said in a
Lakeland Bancorp in Oak Ridge, N.J., finalized an acquisition and negotiated the settlement of redlining claims by the Justice Department
PacWest Bancorp in Los Angeles followed through on its plan to name Paul Taylor as its next CEO. The $41
First Foundation has shuffled its management ranks for the second time in less than a month. The $12.3 billion-asset company
BM Technologies in Radnor, Pa., no longer expects to complete its pending purchase of First Sound Bank in 2022. The
Kennebec Savings Bank in Augusta, Maine, is planning to open its first branch in Portland, Maine. The $1.5 billion-asset bank
M&T Bank in Buffalo, N.Y., has formed a new group to focus on lending the real estate investment trusts and
Newtek Business Services in Boca Raton, Fla., has received approval from the Federal Reserve to become a bank holding company.
Legacy Bank & Trust in Mountain Grove, Mo., has agreed to buy Crain Mortgage in Dallas. Brett Magers, president of
The Federal Reserve has terminated a 12-year-old written agreement against Cecil Bancorp in Elkton, Md. The $242.5 million-asset Cecil had
Daylight, a challenger bank focused on the LGBTQ+ community, plans to offer a family planning subscription service after raising $15
First Community Bankshares in Bluefield, Va., has agreed to buy Surrey Bancorp in Mount Airy, N.C. The $3.6 billion-asset First
Visa will soon have a new CEO. The company said in a press release that Ryan McInerney, its president, will succeed
Commerce Bancshares in Kansas City, Mo., has agreed to buy municipal bond underwriter and adviser L.J. Hart & Co. The
Ergo Bank in Markesan, Wis., has agreed to buy Farmers & Merchants Bank of Kendall in Wisconsin. The $138 million-asset
First United in Oakland, Md., has acquired First Mortgage Services in Cumberland, Md. The $1.8 billion-asset First United said in
Northstar Bank in Bad Axe, Mich., has acquired Cypress Capital Wealth Management in Ann Arbor, Mich. The $901 million Northstar,
Citizens State Bank in Cadott, Wis., has agreed to buy Community Financial Bank in Prentice, Wis. The $169 million-asset Citizens
Santander Bank in Boston has started offering commercial equipment finance products to health care organizations. The $93.9 billion-asset company said
Climate First Bancorp in St. Petersburg, Fla., has acquired the climate and social justice platform developed by Ecountabl. The parent
A new group is looking to bring small and midsize banks together to work on technology projects. The Btech Consortium
Burke & Herbert Financial Services in Alexandria, Va., plans to list its shares on the Nasdaq. The $3.5 billion-asset company
Republic First Bancorp has rejected a petition by a large shareholder to nominate a candidate for the Philadelphia company’s board.
The Treasury Department is pushing federal bank regulators to complete guidance tied to how banks oversee risk associated with fintech
A group with ties to Ben Carson, former Secretary of Housing and Urban Development, has received regulatory approval to buy
Customers Bancorp in West Reading, Pa., is the latest crypto-focused banking company to address its ties to the industry. The
Provident Bancorp in Amesbury, Mass., is signaling that it will report a net loss for the third quarter that reflects
The Federal Reserve Bank of New York is planning to run a proof-of-concept pilot with several large banks for a
Ed Najarian, a veteran banking analyst, has ended an extended break to join EF Hutton. EF Hutton, a division of
Signature Bank in New York is the latest bank to clarify its ties to FTX, the cryptocurrency exchange that recently
California BanCorp in Oakland has created a specialty lending division. The parent of the $1.9 billion-asset California Bank of Commerce
Wintrust Financial in Rosemont, Ill., has agreed to buy two asset management businesses from Rothschild & Co North America. The
PL Capital, a well-known activist investor, is seeking regulatory permission to own up to 19.9% of the stock in Evans
Silvergate Capital in La Jolla, Calif., said it has no outstanding loans to FTX. The $15.5 billion-asset company also said
The White House plans to nominate Martin Gruenberg to serve as chairman of the Federal Deposit Insurance Corp. President Biden
Friendly Hills Bancorp in Whittier, Calif., plans to change the name of its bank. The $306 million-asset company said in
Hills Bancorp. in Hills, Iowa, has a new bank president. The $4 billion-asset company disclosed in a regulatory filing Monday
Washington Federal in Seattle has agreed to buy Luther Burbank in Santa Rosa, Calif. The $20.8 billion-asset Washington Federal
U.S. Bancorp in Minneapolis said its technology and operations leader will retire. The $601 billion-asset company said in a press
PB Bankshares in Coatesville, Pa., has agreed to sell its corporate headquarters office. The $377 million-asset company disclosed in a
Silvergate Capital in La Jolla, Calif., highlighted its access to liquidity in light of volatility tied to digital assets. Binance
The president of First Foundation in Dallas has resigned. The $12.3 billion-asset company said in a press release Tuesday that
FV Bank in San Juan, P.R., has launched a digital asset custody and settlement service. The bank said in a
OceanFirst Financial in Red Bank, N.J., and Partners Bancorp in Salisbury, Md., have terminated their planned merger after being unable
Auburn National Bancorp. in Auburn, Ala., has lined up a new CEO. The $1 billion-asset company said in a press
Binance has agreed to buy cryptocurrency rival FTX. Binance CEO Changpeng Zhao tweeted on Tuesday that his company had signed
Orrstown Financial in Shippensburg, Pa., has revised its third-quarter earnings downward to reflect the settlement of a class-action lawsuit. The
Sterling Bancorp in Southfield, Mich., is dealing with a mortgage partner’s decision to shut down. The $2.5 billion-asset Sterling said
Silvergate Capital in La Jolla, Calif., has a new president. The $15.5 billion-asset company said in a press release that
Bank of Commerce in Ammon, Idaho, has a new president. The $.19 billion-asset bank tapped Mike Morrison to fill the
Columbia Banking System in Tacoma, Wash., will sell 10 branches in Washington, Oregon and northern California. The $20 billion-asset Columbia
New York Community Bancorp in Hicksville, N.Y., has received all the approvals needed to buy Flagstar Bancorp in Troy, Mich.
Builtwell Bank in Chattanooga, Tenn., has a new president. Mitch Sanford shared in a LinkedIn post that he had taken
Republic First Bancorp in Philadelphia finally has a date for its annual meeting. The $5.7 billion-asset company disclosed in a
Fifth Third Bancorp in Cincinnati has formed an independent registered investment adviser. The $206 billion-asset company said in a press
Integrated Financial Holdings in Raleigh, N.C., is close to resolving litigation that it must address before selling to MVB Financial
TIAA has agreed to sell TIAA Bank to a group of investors. The retirement company said in a press release
U.S. Bancorp in Minneapolis is the latest bank to face an investigation from the Consumer Financial Protection Bureau tied to
Wings Financial Credit Union in Apple Valley, Minn., has agreed to buy Settlers Bank in DeForest, Wis. The $8 billion-asset
Home Bancorp Wisconsin in Madison will pay a distribution to its shareholders as part of its planned dissolution. The former
Credit union associations in Kansas and Texas are set to merge on Dec. 31. The Cornerstone League and Heartland Credit
Three Minnesota credit unions have filed a lawsuit against the state’s banking regulator in an attempt to override the agency’s
Two credit unions bid to buy the banking unit of Citizens Bancshares, but tax considerations and potential challenges in securing
Signature Bank of Georgia in Sandy Springs has a new CEO. The $187 million-asset bank said in a press release
Financial institutions processed nearly $1.2 billion of suspected ransomware payments last year. The Financial Crimes Enforcement Network (FinCEN) said there
Wells Fargo in San Francisco is holding discussions with the Consumer Financial Protection Bureau to address a number of investigations.
New York Community Bancorp in Hicksville will likely need to exit the USDF Consortium to buy Flagstar Bancorp in Troy,
Upstart Holdings in San Mateo, Calif., has cut 140 jobs. The fintech, which focuses on personal and auto loans, disclosed
Customers Bancorp in West Reading, Pa., has settled a legal dispute with Kabbage over the Paycheck Protection Program. The $20.4
Truist Financial in Charlotte, N.C., has formed an innovation team built around a gamification company it bought earlier this year.
U.S. Bancorp in Minneapolis has disclosed a data breach involving credit card customers. The $370 billion-asset company filed a notice
Coastal Financial in Everett, Wash., disclosed that three of its Banking-as-a-Service clients are preparing to exit the relationship. The $3.1
Peapack-Gladstone Financial in Bedminster, N.J., has launched a life insurance premium finance business after hiring a pair of bankers from
New York Community Bancorp in Hicksville and Flagstar Bancorp in Troy, Mich., have received approval from the Office of the
Truliant Federal Credit Union in Winston-Salem, N.C., has opened its first regional office in South Carolina. The $4 billion-asset credit
The Office of the Comptroller of the Currency is planning to create an Office of Financial Technology. The OCC said
ConnexPay, a payments technology company, has raised $110 million in equity. The company said in a press release that FTV
Professional football star Patrick Mahomes has become the second-biggest investor in American State Bank in Tyler, Texas. The $758 million-asset
Republic Bancorp in Louisville, Ky., has agreed to buy CBank in Cincinnati. The $6 billion-asset Republic said in a press
Civista Bancshares in Sandusky, Ohio, has completed its purchase of an equipment finance company. The $3.3 billion-asset Civista said in
The Consumer Financial Protection Bureau has issued guidance about “junk fees,” targeting two practices that it believes are “likely unfair
The Western Bankers Association is looking for a new leader. The association announced that Stephen Andrews will resign as its
Finward Bancorp in Munster, Ind., is continuing to close branches. The $2.1 billion-asset company, which closed two branches in July,
Collins Community Credit Union in Cedar Rapids, Iowa, is the latest credit union to announce layoffs. The $1.6 billion-asset credit
Finexio, an Orlando, Fla., fintech, has raised $35 million in Series B funding round that included several banks among the
Peoples Bancorp in Marietta, Ohio, has agreed to buy Limestone Bancorp in Louisville, Ky. The $7 billion-asset Peoples said in
GBank Financial Holdings in Las Vegas has rebranded its bank. The $667 million-asset company said in a press release that
Republic First Bancorp in Philadelphia has been unable to negotiate a truce with one of its biggest investors. The $5.7
Sterling Bancorp in Southfield, Mich., which recently filed a lawsuit against its founder and former CEO, has hired a chief
RBB Bancorp in Los Angeles didn’t have to look too hard to find its permanent CEO. The $3.9 billion-asset
Citizens Community Bancorp in Eau Claire, Wis., is thinning its branch network. The $1.8 billion-asset company said in a press
MainStreet Bancshares in Fairfax, Va., expects its Banking-as-a-Service (BaaS) division to break even within two years of having a fully
Biller Genie, a Miami fintech that provides AR automation and has a B2B payments platform, will open an office in
Chris Sawyer has become president and CEO of Grand Bank for Savings in Hattiesburg, Miss. Sawyer, who had been the
Atlantic Union Bankshares in Richmond, Va., is looking to address an issue with some customers’ accounts. The $20 billion-asset Atlantic
Western Commerce Bancshares of Carlsbad in New Mexico has agreed to buy Western Bancshares of Clovis in New Mexico. Western
Central Pacific Financial in Honolulu will soon have a new leader. The $7.3 billion-asset company said in a press release
First Capital in Corydon, Ind., has its next CEO lined up. The $1.2 billion-asset company disclosed in a regulatory
Bank Irvine has officially opened. The California de novo bank debuted on Tuesday, according to the Federal Deposit Insurance Corp.
A de novo bank planned in Minneapolis is seeking to become a minority financial institution that would offer Shariah-compliant products
Centric Financial in Harrisburg, Pa., explored several mergers, including a merger of equals, before agreeing to be sold to First
First Internet Bancorp in Fishers, Ind., and MainStreet Bancshares in Fairfax, Va., remain committed to their Banking-as-a-Service platforms. BaaS has
Silvergate Capital in La Jolla, Calif., is no longer on pace to create its own stablecoin in 2022. Alan Lane,
U.S. Bancorp in Minneapolis is on pace to buy MUFG Union Bank in San Francisco on Dec. 1. The $601
MidWestOne Financial Group in Iowa City has its next CEO lined up. The $6.4 billion-asset company said in a press
Citizens Financial Services in Mansfield, Pa., has agreed to buy HV Bancorp in Doylestown, Pa. The $2.2 billion-asset Citizens said
City Holding in Charleston, W.Va., has agreed to buy Citizens Commerce Bancshares in Versailles, Ky. The $5.9 billion-asset City said
TrustCo Bank Corp NY in Glenville has appointed the president and CEO of the Florida Bankers Association to its board.
Liberty Bank in Middletown, Conn., is the latest bank to eliminate nonsufficient fund (NSF) and other fees. The $7.4 billion-asset
Hanover Bancorp in Mineola, N.Y., announced that its president is retiring. The $1.6 billion-asset company disclosed in a regulatory filing
Green Dot in Austin, Texas, has terminated its president and CEO. The prepaid card and digital banking fintech said in
Town and Country Financial in Springfield, Ill., initially tried to sell itself to HBT Financial in Bloomington, Ill., more than
A group that includes the former CEO of Amalgamated Bank in New York wants to open a new bank in
The Federal Reserve and the Office of the Comptroller of the Currency have approved U.S. Bancorp's pending purchase of MUFG
Business First Bancshares in Baton Rouge, La., plans to raise about $46.8 million from selling common stock. The $5.5 billion-asset
First Bancshares in Hattiesburg, Miss., took advantage of a second window to buy Heritage Southeast Bancorp. in Jonesboro, Ga. The
HomeStreet in Seattle has agreed to buy three branches in California from U.S. Bancorp and MUFG Union Bank. U.S. Bancorp
Intrafi, a fintech that provides cash and liquidity management services to financial institutions, has added the CEO of the nation’s
Edward Jones in St. Louis has abandoned a two-year quest to form an industrial bank. The company said in a
Another executive from People’s United Financial has found a new home following the company’s sale to M&T Bank. Columbia Financial
Battle Financial, the holding company for a proposed digital bank in Avon, Colo., has received conditional approval from the Office
Capital Bank in Rockville, Md., has tapped an insider to run its fintech business. The $2.2 billion-asset bank said in
Four investment advisers have left Atlantic Union Bankshares in Richmond, Va., to form their own firm. Dover Advisors was launched
State Street in Boston has hired a former Google executive to serve as its global chief compliance officer. The $300
Bank of New York Mellon has formed a platform to manage digital assets. The $438 billion-asset company said in a
David Zalman is back in the M&A game with two acquisitions. Prosperity Bancshares in Houston has agreed to buy Lone
Affinity Bancshares in Covington, Ga., will consolidate two roles following the expected resignation of its president. The $767 million-asset company
Sterling Bancorp in Southfield, Mich., has filed a lawsuit against its founder and controlling shareholder. The $2.5 billion-asset company disclosed
Rhinebeck Bank in Rhinebeck, N.Y., agreed to pay a $950,000 fine to address claims by the New York State Department
Bank of America in Charlotte, N.C., agreed to pay about $1.8 billion to resolve claims that go back to the
Bankers Helping Bankers, a program associated with the Independent Bankers Association of Texas, has created a platform to let participants
Home Federal Bancorp in Shreveport, La., has agreed to buy Northwest Bancshares in Benton, La. The $590.5 million-asset Home said
Republic First Bancorp in Philadelphia has reached a truce with a large shareholder. The $5.7 billion-asset company said in a
Q2 Holdings in Austin, Texas, has acquired Sensibill in Toronto, Canada. Q2 said in a press release that it bought
Community Heritage Financial in Middletown, Md., was the target of a cybersecurity attack. The parent of the $873 million-asset Middletown
Capital One Financial in McLean, Va., has merged its two banks into a single subsidiary. The $435.3 billion-asset company disclosed
Customers Bancorp in West Reading, Pa., has sold a $500 million portfolio of unsecured consumer installment loans. The $20.3 billion-asset
Taichung Commercial Bank in Taipei, Taiwan, plans to enter the U.S. with the acquisition of American Continental Bancorp in City
A pair of key roles have changed at 1895 Bancorp of Wisconsin in Greenfield. The $536 million-asset 1895 Bancorp said
Evolve Bank & Trust in Memphis, Tenn., will pay about $1.3 million to settle claims that it engaged in lending
M&T Bank in Buffalo, N.Y., has agreed to sell its insurance agency to Arthur J. Gallagher. The $204 billion-asset bank
Bank Five Nine in Oconomowoc, Wis., will soon have a new CEO. The $1.5 billion-asset bank said in a LinkedIn
Six large U.S. banks will participate in a Federal Reserve pilot program designed to examine banks’ climate-related financial risks. The
Brookline Bancorp in Boston will soon have a new bank CEO. The $8.5 billion-asset company said in a press release
M&T Bank said it is taking steps to compensate customers who were stung by the Buffalo, N.Y., bank’s conversion of
First Bank in Hamilton, N.J., has expanded its commercial lending operations to serve private equity funds and their portfolio companies.
Seven trade groups have filed a lawsuit against the Consumer Financial Protection Bureau alleging the agency exceeded its statutory authority
Orrstown Financial Services in Shippensburg, Pa., plans to close five branches and adjust its staffing model. The $2.8 billion-asset company
Sterling Bancorp in Southfield, Mich., will pay a $6 million civil money penalty as part of a formal agreement with
A pair of de novo banks opened in September. Texas Traditions Bank in Katy opened on Sept. 6 after organizers
Two proposed de novo banks have received conditional approval from the Federal Deposit Insurance Corp. The FDIC signed off on Community
An investor group has proposed a transaction that would give it a large stake in Republic First Bancorp in Philadelphia.
Lakeland Bancorp in Oak Ridge, N.J., will invest $12 million in underserved markets around Newark, N.J., to settle redlining claims
Regions Financial will pay out $191 million as part of a settlement with the Consumer Financial Protection Bureau tied to
PNC Financial Services Group in Pittsburgh has acquired Linga, a point-of-sale firm that serves the restaurant industry. The $540.8 billion-asset
Seattle Bank has begun offering a personal line of credit through its digital channel. The $752 million-asset bank said in
Nexo, a Swiss cryptocurrency lender, has acquired a stake in Hulett Bancorp in Hulett, Wyo. Nexo did not disclose the
The Independent Community Bankers of America is bringing its fintech incubator in-house with a new office in Atlanta. The ThinkTECH
First State Bank in Loomis, Neb, has agreed to buy Farmers and Merchants Bank in Axtel, Neb. The $191 million-asset
Provident Financial Services in Iselin, N.J., has agreed to buy Lakeland Bancorp in Oak Ridge, N.J. The $13.7 billion-asset Provident
Provident Financial Services in Iselin, N.J., has a new chief information security officer. The $13.7 billion-asset company said in a
Union County Savings Bank in Elizabeth, N.J., has hired a former state banking commissioner as its general counsel. The $1.8
Three community banks recently raised capital through private placements. NexBank Capital in Dallas said in a press release that it
CNB Financial in Clearfield, Pa., has raised $91 million after selling common stock. The $5.3 billion-asset company disclosed in a
BayFirst Financial in St. Petersburg, Fla, is shutting down its nationwide network of mortgage production offices. The $922 million-asset company
Southern Missouri Bancorp in Poplar Bluff has agreed to buy Citizens Bancshares in Kansas City, Mo. The $3.2 billion-asset Southern
Columbia Banking System in Tacoma, Wash., and Umpqua Holdings in Portland, Ore., will sell 10 branches under an agreement with the Department
Citizens Bank of Edmond in Oklahoma is planning to create a bank specifically designed for newly enlisted members of the
Fifth Third Bancorp in Cincinnati has formed a mortgage warehouse finance business. The $207 billion-asset Fifth Third said in a
Live Oak Bancshares in Wilmington, N.C., has added a banking veteran to its board. The $9.1 billion-asset company said in
A large investor in Republic First Bancorp wants the Philadelphia company to avoid selling right now. A group including George
Peapack-Gladstone Financial in Bedminster, N.J., has a new president for its equipment finance unit. The $6.2 billion-asset company said in
First National Bank of Syracuse in Kansas has rebranded as Dream First Bank. The $444 million-asset bank said in a
GreenState Credit Union in North Liberty, Iowa, has cut about 5% of its workforce. The $10.7 billion-asset credit union eliminated
BCB Bancorp in Bayonne, N.J., is facing claims of wrongfully removing a director. The $3.1 billion-asset company disclosed in a regulatory
Capital One Financial in McLean, Va., has been freed from a 2020 consent order from the Office of the Comptroller
U.S. Bancorp in Minneapolis and Japan’s Mitsubishi UFJ Financial Group have pushed back the termination date for U.S. Bancorp’s proposed
Banc of California in Santa Ana has acquired payments platform Global Payroll Gateway. The $9.5 billion-asset Banc of California said in
Unity National Bank of Houston has entered into a written agreement with the Office of the Comptroller of the Currency
The Consumer Financial Protection Bureau Financial said financial institutions that offer Buy Now, Pay Later (BNPL) services should treat them
Agility Bank in Houston exceeded the amount of capital regulators required it to raise. Organizers said in a press release that
DLP Bancshares in St. Augustine, Fla., has acquired Community State Bank in Starke, Fla.DLP, a consortium of private investors, said
Majority, a Miami neobank that is focusing on U.S. immigrants, has raising more capital.The company said in a press release
Allegiance Bancshares and CBTX have received approval from the Federal Reserve three weeks after moving the deadline for the Houston
Republic First Bancorp in Philadelphia has begun a strategic review. The $5.7 billion-asset company said in a press release that the
SVB Financial Group in Santa Clara, Calif., has appointed an investment banker to its board. The $214 billion-asset company said in
The Bancorp in Wilmington, Del., is set to convert to a national bank charter. The $7.1 billion-asset company disclosed in a
First Seacoast Bancorp in Dover, N.H., plans to raise up to $36.3 million from its second-step conversion from a mutual
Another former executive at First NBC Bank has pleaded guilty to charges tied to the New Orleans bank’s April 2017
Citizens Financial Group in Providence, R.I., has agreed to buy College Raptor, an online college planning platform based in Iowa
Colony Bankcorp in Fitzgerald, Ga., is splitting up the roles of president and CEO. The $2.7 billion-asset company said in a
VisionBank of Iowa in Ames has agreed to buy Legacy Bank in Altoona, Iowa. The $595 million-asset VisionBank said in a
JPMorgan Chase in New York has agreed to buy Renovite Technologies in Fremont, Calif. The $3.8 trillion-asset company said in a
U.S. Bancorp in Minneapolis now expects its pending purchase of MUFG Union Bank to close several months later than previously
The Office of the Comptroller of the Currency has named a new chief climate risk officer. The OCC said in a
Neighborhood National Bank in El Cajon, Calif., has been freed from a consent order with the Office of the Comptroller
Protego Trust Bank, a proposed federally chartered trust bank that would serve the digital asset needs of institutional investors, has
Stearns Bank in St. Cloud, Minn., has introduced a small-dollar Small Business Administration loan through one of its lending divisions. The
A group in Encino, Calif., is looking to form a bank that will have a focus on the Syrian American
Firstrust Bank in Conshohocken, Pa., will soon have a new CEO. The $5 billion-asset bank said in a press release Thursday
Texas Brand Bank in Dallas and Harmony Bank in Kemp, Texas, have agreed to merge. The $330 million-asset Texas Brand Bank
StoneCastle Partners has terminated an agreement to sell its digital deposit-gathering business to Veritex Holdings in Dallas. The $11.3
Pinnacle Financial Partners in Nashville, Tenn., is planning to enter Louisville, Ky., after hiring a banker to lead the effort. The
Live Oak Banchares in Wilmington, N.C., plans to invest $25 million and create 204 jobs in North Carolina’s Hanover County
Oakworth Capital Bank in Birmingham, Ala., will enter the Charlotte, N.C., market after hiring a banker from Aquesta Bank. The $1.2
Truist Financial in Charlotte, N.C., has a new chief financial officer. The $545 billion-asset company said in a press release Wednesday
LINKBANCORP in Harrisburg, Pa., plans to raise up to $50 million through an initial public offering.The $1.1 billion-asset company said
SmartFinancial in Knoxville, Tenn., has acquired an insurance agency. The $4.8 billion-asset company said in a press release Tuesday that it
Western Alliance Bancorp. in Phoenix has formed an executive leadership team in conjunction with a series of personnel moves. The $65
State Street in Boston said it remains committed to its proposed purchase of Brown Brothers Harriman’s Investor Services business despite
Cross County Bank in Wynne, Ark., plans to streamline its branding.The $378 million-asset bank plans to use the Cross Bank
First Citizens BancShares in Raleigh, N.C., has formed a unit to offer middle-market banking services.The $108 billion-asset company, which acquired
Liberty Bank in Middletown, Conn., is close to launching a digital bank that will focus on small businesses.The $7.4 billion-asset
Texas Capital Bancshares in Dallas has agreed to sell its insurance premium finance business to Truist Financial in Charlotte, N.C. The
Veteran economist Mark Vitner has retired. Vitner, who was a managing director and senior economist at Wells Fargo, said in a
A group looking to form a bank in Huntsville, Ala., has refiled its application with the Federal Deposit Insurance Corp.
Blue Ridge Bankshares has entered into a written agreement with the Office of the Comptroller of the Currency instructing the
The Office of the Comptroller of the Currency is planning a dramatic reduction in assessment fees.The OCC is planning a
BankFirst Capital in Columbus, Miss., has agreed to buy Mechanics Banc Holding in Water Valley, Miss.The $2.2 billion-asset BankFirst said
Horicon Bank in Horicon, Wis., has a new president with a familiar name. The $1.2 billion-asset bank named Fred C. Schwertfeger
Primis Financial in McLean, Va., has formed a partnership to provide financial services to members of the American Academy of
The BHB BaaS Association has its first chairman.The Austin, Texas, group formed by Bankers Helping Bankers earlier this year to
Associated Banc-Corp. in Green Bay, Wis., plans to close 13 branches in two states. The $37.2 billion-asset company plans to shutter
High Plains Bank in Okeene, Okla., has agreed to buy a branch in Oklahoma from Equity Bancshares in Wichita, Kan. The
Cornerstone Home Lending has received regulatory approval to buy Roscoe State Bank in Roscoe, Texas.The mortgage lender said in a
First Commonwealth Financial in Indiana, Pa., has agreed to buy Centric Financial in Harrisburg, Pa.The $9.6 billion-asset First Commonwealth said
First National Bank of Omaha in Nebraska has formed a business to offer credit card services to fintechs and other
Genesis Bank in Newport Beach, Calif., has created a division to handle 1031 exchanges. The $95.1 million-asset company said in a
A group in Irvine, Calif., has received approval from the Federal Deposit Insurance Corp. to open a bank.The FDIC on
Thumb Bancorp in Pigeon, Mich., has agreed to buy Exchange State Bank in Carsonville, Mich.The $401 million-asset Thumb said in
GrandSouth Bancorp. in Greenville, S.C., considered four bids before deciding to negotiate with First Bancorp in Southern Pines, N.C. The $10.6
WSFS Financial in Wilmington, Del., has formed a health care banking division after hiring a banker from Fulton Financial. The $20.6
Gulf Coast Bank & Trust in New Orleans has acquired an equipment finance business. The $3 billion-asset bank bought the assets
Provident Financial Services in Iselin, N.J., has hired an outsider to serve as its first chief digital and innovation officer. The
First Missouri Bank in Brookfield has a new name. The $377 million-asset bank has rebranded as Verimore Bank in a move
Allegiance Bancshares in Houston and CBTX in Houston have pushed back the termination date of their planned merger. The companies disclosed
The Bank Slate and the American Bankers Association have an agreement where the banking blog will share content with the
Bank of San Antonio in Texas has a new president. The bank, which is part of the $2.1 billion-asset Texas Partners
MVB Financial in Fairmont, W.Va., has a new chairman. The $3 billion-asset company said in a press release Thursday that W.
Raj Date, the former deputy director of the Consumer Financial Protection Bureau, has joined the board of Customers Bancorp in
The Bancorp in Wilmington, Del., agreed to pay a nearly $1.8 million penalty to resolve alleged violations tied to commercial
Sumitomo Mitsui Financial Group in Tokyo plans to introduce a digital bank through its U.S. subsidiary.SMFG said in a press
Sullivan Bank in Sullivan, Mo., will let customers buy, sell and hold bitcoin and Ethereum through a partnership with Bakkt
F&M Bank in Timberville, Va., should have a $3.8 million windfall from the sale of one of its investments.The $1.2
HBT Financial in Bloomington, Ill., has agreed to buy Town and Country Financial in Springfield, Ill.The $4.2 billion-asset HBT said
Umpqua Holdings in Portland, Ore., has opened a commercial real estate lending office in Denver. The $30.1 billion-asset company said in
Highland Bank in St. Paul, Minn., has agreed to buy Boundary Waters Bank in Ely, Minn.The $630 million-asset Highland said
American Challenger Development has filed a lawsuit against Credit Suisse and its Cayman Islands branch for their alleged role in
Truist Financial in Charlotte, N.C., has agreed to buy a data governance platform from Zaloni. The $545 billion-asset Truist said in
Southern First Bancshares in Greenville, S.C., has a new president. The $3.3 billion-asset company said in a press release Monday that
Westpac Banking in Australia and BankSouth in Greensboro, Ga., participated in the latest round of fund-raising for Kasisto, a New
The Independent Community Bankers of America has voiced its opposition to Ford Credit Bank becoming an industrial loan company. Ford Motor
First Bancshares in Hattiesburg, Miss., has consolidated the titles of chairman and CEO. The $6 billion-asset company said in a press
Simmons First National in Pine Bluff, Ark., has hired an executive to oversee the delivery of its Community Reinvestment Act
Another credit union has called off a proposed bank acquisition after hitting a roadblock. The board of the $10.6 billion-asset GreenState
Ponce Financial Group in Bronx, N.Y., has formed an environmental, social and governance (ESG) committee. The $1.7 billion-asset company said the
United Community Banks in Greenville, S.C., has added a former Truist Financial executive to its board.The $24.2 billion-asset company said
Organizers of the proposed Nave Bank in San Juan, Puerto Rico, have tapped a veteran banker to serve as its
TowneBank in Suffolk, Va., has agreed to buy Farmers Bankshares in Windsor, Va.The $16.9 billion-asset TowneBank said in a press
Northwest Bancshares in Columbus, Ohio, has a new CEO.The $14 billion-asset company said in a press release Thursday that Louis
Bank of America in Charlotte, N.C., said its overdraft-service fees in June and July fell by 90% from a year
Live Oak Bancshares in Wilmington, N.C., is set to benefit from the pending sale of Payrailz to Jack Henry &
The organizers of Walden Mutual Bank in Concord, N.H., has exceeded its capital goal. The group said in an email that
BOK Financial in Tulsa, Okla., has named a new CEO for Bank of Texas. The $45 billion-asset company said in a
Republic First Bancorp in Philadelphia is one step closer to getting caught up on its regulatory filings.The $5.7 billion-asset company
Ronald Paul, who abruptly stepped down as chairman and CEO of Eagle Bancorp in Bethesda, Md., in 2019, has been barred
First Horizon in Memphis, Tenn., has sold its title insurance subsidiary. The $43.7 billion-asset company sold Lenders Title Group to Knox-Precision
M&T Bank in Buffalo, N.Y., has hired an executive from Bank of America to become its chief digital officer. The $204
Central Bank of Kansas City in Missouri has spun off its payments and card-issuing platform after the business raised $30
BankTech Ventures in Sandy, Utah, has closed on its first fund after bringing in more than $115 million in capital
Harvesters Credit Union in Cantonment, Fla., has agreed to buy First National Bank Northwest Florida in Panama City. The $239 million-asset
Sterling Bancorp in Southfield, Mich., is continuing to reckon with issues tied to a mortgage program it abruptly shuttered in
MidWestOne Financial Group in Iowa City, Iowa, said its CEO has stepped down temporarily to recover from a serious bicycle
First Seacoast Bancorp in Dover, N.H., will convert to a fully stock-owned company. The $500 million-asset mutual holding company said in
A proposed black-led credit union in North Minneapolis has changed its name. The Association for Black Economic Power has decided to
Clarion Federal Credit Union in Brookville, Pa., has rebranded as Top Tier Federal Credit Union. The $162 million-asset credit union said
Park National in Newark, Ohio, will record $11.4 million of net income in the third quarter after selling a foreclosed
MVB Financial in Fairmont, W.Va., has agreed to buy Integrated Financial Holdings in Raleigh, N.C. The $3 billion-asset MVB
ConnectOne Bancorp in Englewood Cliffs, N.J., has formed a division to focus on health care prospects and clients. The $8.8 billion-asset
BTC Bank in Bethany, Mo., has agreed to buy Merchants and Farmers Bank of Salisbury in Missouri. The $934 million-asset BTC
Meridian Corp. in Malvern, Pa., has entered Florida after hiring a former bank CEO. The $1.9 billion-asset company said in a
Farm Bureau Bank in Reno, Nev., plans to buy small-business loans originated by Funding Circle as part of a new
Pacific West Bank in West Linn, Ore., could soon have a new president. The $300 million-asset bank said in a press
Comerica in Dallas has tapped an insider to oversee its national lending platforms. The $87 billion-asset company said in a press
PNC Financial Services Group in Pittsburgh is the latest large bank to eliminate nonsufficient fund (NSF) fees for consumer clients. The
FS Bancorp in Mountlake Terrace, Wash., has partnered with a fintech to create a loan application portal for home improvement
The pending purchase of Liberty Bancshares in Ada, Ohio, will help Middlefield Banc Corp. in Middlefield, Ohio, address a succession
Thread Bank in Rogersville, Tenn., has formed a strategic partnership with Unit, a Banking-as-a-Service (BaaS) platform. Unit, which helps clients embed
MainStreet Bancshares in Fairfax, Va., has formed a community development unit. The $1.8 billion-asset company said in a press release Tuesday
Harry Madonna is back at the helm of Republic First Bancorp in Philadelphia. The $5.7 billion-asset company said in a press
Cogent Bancorp in Orlando, Fla., has entered four new business lines. The parent of the $1.2 billion-asset Cogent Bank has added
A pair with ties to Reliant Bancorp has raised capital to make a national push with a small bank in
The Bank of London is planning to open a major office in Charlotte, N.C. The bank said in a press release