Strategic Insights into Banking & Fintech
Rhinebeck Bancorp in Poughkeepsie, N.Y., will soon have a new leader. The company said in a press release that Matthew Smith will become its president and CEO on Oct. 20. Smith, who was chief operating officer at Columbia Financial, will succeed Michael Quinn, who is retiring. Quinn will serve as interim executive adviser through the end of this year. "Rhinebeck has a rich tradition of exceptional customer service and strong
IF Bancorp in Watseka, Ill., has reached a truce with an activist investor. The company disclosed in a regulatory filing that it entered into a standstill agreement with funds associated with Joseph Stillwell and Stilwell Partners. The agreement is set to last until March 2026 or the company's sale, whichever comes first. IF Bancorp agreed to add Scott Dworschak to its board. Stilwell will have the opportunity to appoint a
Five banks in northeast Arkansas and southeast Missouri are combining under a single brand. Farmers Bank and Trust in Blytheville and Piggott State Bank, both in Arkansas, will merge with First Missouri State Bank in Poplar Bluff, First Missouri Bank of SEMO in Kennett, and First Missouri State Bank of Cape County in Cape Girardeau to create FM Bank & Trust. FM Bank will have $1.4 billion of assets and 19
Stablecore, a Dallas fintech that lets small and midsize banks and credit unions offer digital assets, raised $20 million. The company said in a press release that the fundraising was led by Norwest, with participation from Coinbase Ventures, Curql, BankTech Ventures, Bank of Utah, EJF Ventures, Bankers Helping Bankers Fund. “Following landmark regulatory changes this year, stablecoins and digital assets have entered a new paradigm, becoming permissible activities within banking,” Alex Treece, Stablecore's co-founder and CEO,
National Bank Holdings in Denver has agreed to buy Vista Bancshares in Dallas. The $9.9 billion-asset parent of NBH Bank said in a press release that it will pay $369.1 million in cash and stock for the $2.4 billion asset Vista. The deal, which is expected to close in the first quarter, priced Vista at 152% of its tangible book value. Vista has $2.1 billion of deposits, $1.9 billion of
Fowler State Bank in Fowler, Ind., will begin 2026 with a new president. The $198.5 million-asset bank said in a press release that Courtney Rooze will take on the new role on Jan. 1. Court, the bank's senior ag lender, will succeed Steven Brunton, who will remain CEO. Brunton plans to fully retire in March 2027.
Range Bank in Marquette, Mich., has lined up its CEO succession. The $575.2 million-asset bank said in a press release that Jamey Markham will also become president in December 2026. Markham, the bank's chief lending officer and community bank president, will succeed Roxanne Daust when she retires. Daust joined Range Bank in 1997 as chief financial officer. She took over leadership in 2018. Markham joined the bank in 2002. “Since
Is Brian Moynihan setting the stage for naming a successor at Bank of America? Moynihan, the Charlotte, N.C., company's chairman and CEO, said in a press release that Dean Athanasia and Jim DeMare had been named co-presidents. Athnasia was president of regional banking, while DeMare was president of global markets. Alastair Bothwick, the company's chief financial officer, was elevated to executive vice president. Moynihan, who has led BofA since 2010, made
Rhinebeck Bancorp in Poughkeepsie, N.Y., will soon have a new leader. The company said in a press release that Matthew
IF Bancorp in Watseka, Ill., has reached a truce with an activist investor. The company disclosed in a regulatory filing
Five banks in northeast Arkansas and southeast Missouri are combining under a single brand. Farmers Bank and Trust in Blytheville
Stablecore, a Dallas fintech that lets small and midsize banks and credit unions offer digital assets, raised $20 million. The
National Bank Holdings in Denver has agreed to buy Vista Bancshares in Dallas. The $9.9 billion-asset parent of NBH Bank
Fowler State Bank in Fowler, Ind., will begin 2026 with a new president. The $198.5 million-asset bank said in a
Range Bank in Marquette, Mich., has lined up its CEO succession. The $575.2 million-asset bank said in a press release
Is Brian Moynihan setting the stage for naming a successor at Bank of America? Moynihan, the Charlotte, N.C., company's chairman
First Northwest Bancorp in Port Angeles, Wash., hired Curt Queyrouze as its CEO. The company said that Queyrouze will also
First Heritage Bank in Centralia, Kan., has its first new leader in 48 years. The $266.1 million-asset bank said in
A proposed bank in Washington aims to become a minority depository institution. Organizers of the planned United Development Bank made
First Internet Bancorp in Fishers, Ind., has agreed to sell a portfolio of lease financing loans. The company disclosed in
Fifth Third Bancorp in Cincinnati warned that it will take a sizeable impairment in the third quarter tied to alleged
Community Financial System in Syracuse, N.Y., has made a minority investment in Leap Holdings, a tech-focused insurance agency. The $16
PNC Financial Services Group in Pittsburgh has agreed to buy FirstBank Holding in Lakewood, Colo. The $559.1 billion-asset PNC said
Dan O'Malley is back. O'Malley, who co-founded and then led Numerated when it sold to Moody's, was named CEO of
Bradford Bancorp in Greenville, Ill., has agreed to buy St. Jacob Bancshares in St. Jacob, Ill. The $633 million-asset Bradford
GBank Financial Holdings in Las Vegas has a new CEO. The company disclosed in a press release that Ed Nigro
Core banking software firm Temenos has parted ways with its CEO. The Swiss company said that Jean-Pierre Brulard had stepped
UCSB Financial Holdings in Doral, Fla., bought stock from one of its biggest investors. The company disclosed in a regulatory
PeoplesBank in Holyoke, Mass., has a new CEO lined up. The $7 billion-asset bank said in a press release that
ModernFi, a deposit management fintech, has raised $30 million in a Series B funding round. The funding round was led
Patriot National Bancorp in Stamford, Conn., is raising $25.6 million by selling securities. The company disclosed in a regulatory filing
Solowin Holdings in Hong Kong is planning to buy a U.S.-licensed bank. The company, which specializes in traditional and digital
CB Financial Services in Washington, Pa., has repositioned its balance sheet. The company said in a press release that it
Bank of Charles Town in West Virginia is rebranding. Potomac Bancshares, the holding company, said in a press release that
Equity Bancshares in Wichita, Kan., has agreed to buy Frontier Holdings in Omaha, Neb. The $6.4 billion-asset Equity said in
Land of Lincoln Credit Union in Decatur, Ill., has agreed to buy Williamsville State Bank and Trust in Illinois. The
Pacific Crest Savings Bank in Lynnwood, Wash., has abbreviated its name. The bank said in a press release that it
Organizers of a proposed de novo bank in Indianapolis are one step closer to opening. The Federal Deposit Insurance Corp.
A group in Florida is looking to open a bank. Organizers of the proposed Portrait Bank in Winter Park applied
The organizers of the proposed Battle Financial in Edwards, Colo., have received approval from the Federal Reserve to become a
Commercial Bancgroup in Harrogate, Tenn., is planning an initial public offering. The $2.3 billion-asset company plans to raise $173 million,
American Bancorp in Macon, Ga., has applied to buy New Republic Partners in Charlotte, N.C. The application said that the
A group has applied to open a bank in Bellevue, Wash. Organizers of the proposed United Development Bank submitted an
The Office of the Comptroller of the Currency has terminated a 2022 consent order against cryptocurrency custody bank Anchorage Digital
First Exchange Bank in White Hall, W.Va., has finalized its CEO succession plan. The $383.5 million-asset bank announced in a
The Consumer Financial Protection Bureau reopened debate over open banking, issuing a new advance notice of proposed rulemaking The notice,
The California Credit Union League has rebranded. The association said in a press release that it changed its name to
BancPlus in Ridgeland, Miss., is making several executive and board moves. The $8 billion-asset company said in a press release
Dedham Institution for Savings in Dedham, Mass., has a new leader lined up. The $2.5 billion-asset bank said in a
Cooperative Bank of Cape Cod in Yarmouth Port, Mass., has its next CEO lined up. The $1.6 billion-asset bank said
Atlantic Union Bankshares in Richmond, Va., is continuing to cut jobs tied to its recent acquisition of Sandy Spring Bancorp
Triumph Financial in Dallas is cutting about 5% of its workforce. The $6.5 billion-asset company disclosed in a regulatory filing
Horizon Bancorp in Michigan City, Ind., is planning to sell common stock. The $7.7 billion-asset company disclosed in a slide
Fifth Third Bancorp in Cincinnati has acquired DTS Connex, a cash management software provider. The company did not disclose how
Casca, a fintech looking to build an AI-native loan origination system, raised $29 million in its Series A funding round.
The newly rebranded Ascendia Bank in Glen Rock, N.J., has a new leader. The $394.1 million-asset Ascendia, previously known as
Truckstop.com has acquired Denim, a transportation-focused fintech. Denim also has a factoring service that automates invoicing, reduces time-to-cash, and optimizes
Citizens Bank of West Virginia in Elkins has agreed to buy Miners & Merchants Bank in Thomas, W.Va. The $687
Ready Capital in New York announced a series of significant portfolio actions this summer as it continues to sharpen its
Glen Burnie Bancorp in Glen Burnie, Md., has acquired VA Wholesale Mortgage in Jacksonville, Fla. The company did not disclose
TowneBank in Suffolk, Va., has agreed to buy Dogwood State Bank in Raleigh, N.C. The $18 billion-asset TowneBank said in
Computer Services Inc. has agreed to buy digital banking platform provider Apiture. Live Oak Bankshares in Wilmington, N.C., disclosed in
First Guaranty Bancshares in Hammond, La., has amended its second-quarter results to reflect a larger loan-loss provision and a bigger
Klarna has arranged a new financing agreement where it will sell newly originated, short-term receivables from its Buy Now, Pay
First Interstate BancSystem in Billings, Mont., added some heft to its board. The company disclosed in a regulatory filing that
FS Bancorp in Mountlake Terrace, Wash., will soon have a new bank CEO. The $3.2 billion-asset company said in a
SunMark Bancshares in Perry, Ga., has agreed to buy Wheeler Bancshares in Alamo, Ga. The $381.6 million-asset SunMark did not
Capitol Bank in Madison, Wis., has a new CEO. Ken Thompson shared on his LinkedIn account that he had retired,
BOSP Bancshares in Sun Prairie, Wis., has agreed to buy Banner Bancorp in Birnamwood, Wis. BOSP, the parent of the
A group looking to form a bank in New Orleans has received conditional approval from the Federal Deposit Insurance Corp.
A group in Owensboro, Ky., is planning to form a bank. Organizers, operating as DC Storage LLC, have applied to
Evolve Bank & Trust in West Memphis, Ark., has a new leader. The bank said that it hired Bob Hartheimer,
ENB Financial in Ephrata, Pa., has agreed to buy Cecil Bancorp in Elkton, Md. The $2.3 billion-asset ENB said in
Gouverneur Bancorp in Gouverneur, N.Y., will soon have a new CEO. The $196.7 million-asset company said in a press release that
America’s Credit Unions will soon have a new leader. The trade association said in a press release that Scott Simpson
AOD Federal Credit Union in Oxford, Ala., has agreed to buy a branch in Prattville, Ala., from Merchants & Farmers
Primis Financial in McLean, Va., lowered its second-quarter profit after downgrading three performing loans. The company disclosed in a regulatory
Protection Bank Holding in Protection, Kan., has applied with regulators to buy Haviland Bancshares in Haviland, Kan. The parent of
First Financial in Cincinnati has agreed to buy BankFinancial in Burr Ridge, Ill. The $18.6 billion-asset First Financial said in
The CEO of Carter Bankshares in Martinsville, Va., will undergo surgery to remove a growth in his abdomen. Litz Van
Paxos, which issues PayPal's PYUSD stablecoin, has applied to convert its New York Department of Financial Services trust charter into
Rosedale Federal Savings & Loan Association in Nottingham, Md., is shortening its name. The $1.3 billion-asset bank said in a
Financial Federal Bank in Memphis, Tenn., has a new CEO. The $1 billion-asset parent of Financial Federal Bank said in
The leader of Texas Partners Bank in San Antonio has died. The $2.4 billion-asset bank did not immediately name a
Finward Bancorp in Munster, Ind., has been freed from a November 2023 consent order. The order, issued by the Federal
Berkshire Hills Bancorp in Boston will rebrand after it buys Brookline Bancorp in Boston. The $11.6 billion-asset Berkshire said in
Pioneer Bancorp in Albany, N.Y., has created a human resources consulting business. The $2 billion-asset company said in a press
Grasshopper Bank in New York raised $46.6 million in capital while adding four new directors. The $1.4 billion-asset bank said
The group planning a bank in Clearwater, Fla., plans to have three branches and a loan production office in the
Marquette National in Chicago has a new leader. The $2 billion-asset company said in a press release that Betty Harn
BayFirst Financial in St. Petersburg, Fla., has ended an SBA lending program and suspended quarterly dividends. The $1.3 billion-asset company
Simmons First National in Pine Bluff, Ark., will have a new leader next year. The company said in a press release
Adriana Kugler is resigning as governor of the Federal Reserve Board. Kugler, who has been a governor since September 2023,
Fulton Financial in Lancaster, Pa., announced that its president is retiring. The $32 billion-asset company said in a press release
A director of Mode Eleven Bancorp was the highest bidder for its bank. Summit National Bank in Hulett, Wyo., was
Charlie Scharf is set to become chairman of Wells Fargo after navigating the San Francisco company out of several regulatory
Oconee State Bank in Watkinsville, Ga., recruited a veteran banker as market president for Middle Georgia. The $646 million-asset bank
Bank Midwest in Spirit Lake, Iowa, has decided to shut down its digital bank division. Keith Sexe, who was vice
Peoples Savings Bank in Rhineland, Mo., has applied to buy farmbank in Green City, Mo. The $678.8 million-asset Peoples has
First Missouri Bancshares in Brookfield bought Clay County Savings Bank in Liberty, Mo. First Missouri, the parent of the $471.3
First Foundation in Dallas posted a quarterly loss as new management attempts a turnaround. The $11.6 billion-asset company lost $7.7
Leadership is shuffling at 1st Source in South Bend, Ind. The $9.1 billion-asset company said in a press release that
The Consumer Financial Protection Bureau has filed a motion to stay proceedings in a lawsuit brought by Forcht Bank, the
PeoplesBancorp in Worcester, Mass., has agreed to buy Athol Savings Bank in Athol, Mass. PeoplesBancorp, through its $1.7 billion-asset Cornerstone
Campbell County Bank in Herreid, S.D., has applied to buy Farmers State Bank in Hosmer, S.D. The $215.3 million-asset Campbell
Park National in Newark, Ohio, will have a new CEO in 2026. The $9.9 billion-asset company said in a press
A group in Florida is looking to form a bank in Clearwater. Organizers of the proposed Echelon Bank submitted an
Seneca Bancorp in Baldwinsville, N.Y., is looking to raise up to $12.3 million as it looks to convert from a
Business First Bancshares in Baton Rouge, La., sold a branch. The $7.9 billion-asset company said in a press release that
Trustmark in Jackson, Miss., plans to convert to having a state-chartered bank. The company disclosed in a regulatory filing that
Comerica in Dallas is facing pressure from an investor to find a buyer. HoldCo Asset Management in Florida, which owns
America First Credit Union in Riverdale, Utah, has agreed to buy Meadows Bank in Las Vegas. The $22.5 billion-asset credit
U.S. Eagle Federal Credit Union in Albuquerque, N.M., is no longer set to buy Southwest Capital Bank in Albuquerque. The
The pending sale of Synovus Financial in Columbus, Ga., to Pinnacle Financial Partners in Nashville, Tenn., includes a series of
East Texas Financial in Kilgore has agreed to buy Texas National Bancorp. in Jacksonville. The parent of the $488 million-asset
Simmons First National in Pine Bluff, Ark., shed underperforming securities. The company, which recently raised $327 million by selling common
Customers Bancorp in West Reading, Pa., didn't have to look far for its next CEO. The $22.5 million-asset company said
Heritage Financial in Olympia, Wash., reported lower quarterly profit after it sold more underperforming securities. The $7.1 billion-asset company said
Flagstar Financial in Hicksville, N.Y., plans to dissolve its holding company. The $97.6 billion-asset company said in a press release
Pinnacle Financial Partners in Nashville, Tenn., has agreed to buy Synovus Financial in Columbus, Ga. The $54.8 billion-asset Pinnacle said
OnPath Federal Credit Union in Metairie, La., has agreed to buy Heritage Bank of St. Tammany in Covington, La. The
Atlantic Union Bankshares in Richmond, Va., sold its equity interest in wealth management firm Cary Street Partners during the second
First Internet Bancorp in Fishers, Ind., reported a plunge in net income as it tackles issues in its small-business lending
Blue Ridge Bankshares in Charlottesville, Va., continues its comeback by reporting a profitable quarter. The $2.6 billion-asset company said in
Colony Bankcorp in Fitzgerald, Ga., has agreed to buy TC Bancshares in Thomasville, Ga. Colony said in a press release
Eagle Bancorp in Bethesda, Md., reported a large quarterly loss after it tried to get its hands around deteriorating credit
The Consumer Financial Protection Bureau has terminated its consent order against VyStar Credit Union in Jacksonville, Fla. The bureau said
A group is looking to raise capital in an effort to buy a bank in New York. Stanley Gorodesky posted
Mountain Commerce Bancorp in Knoxville, Tenn., has a new president. The $1.8 billion-asset company said in a press release that
PNC Financial Services Group in Pittsburgh has formed a partnership with crypto platform Coinbase to offer digital asset solutions to
San Francisco Federal Credit Union has agreed to buy Summit Bank in Oakland, Calif. The $1.3 billion-asset credit union said
Pravina Raghavan has resigned as the director of the Treasury Department's Community Development Financial Institutions Fund. The Treasury said in
AmeriServ Financial in Johnstown, Pa., lost money in the second quarter after addressing its biggest problem asset. The $1.5 billion-asset
ENB Financial in Ephrata, Pa., has set up its next CEO. The company said in a press release that Rachel
Mercantile Bank in Grand Rapids, Mich., has agreed to buy Eastern Michigan Financial in Croswell. The $6.2 billion-asset Mercantile said
Old National in Evansville, Ind., has hired an executive from KeyCorp as its president. The $71 billion-asset company said in
Simmons First National in Pine Bluff, Ark., is planning to raise $300 million by selling common stock. The company announced
National Bank Holdings in Denver has invested in the Nav marketplace for small business deposit and lending solutions. The company
Jefferson Bank in San Antonio will soon have a new leader. The $3 billion-asset bank said in a press release
First Community Bankshares in Bluefield, Va., has agreed to buy Hometown Bancshares in Middlebourne, W.Va. The $3.2 billion-asset First Community
GreatAmerica Holdings, which owns a commercial equipment finance company, has agreed to buy Heritage Bank in Marion, Iowa. GreatAmerica did
Stripe has agreed to buy Orum.io, a New York fintech that builds infrastructure to allow for instant money movement across
Arrha Credit Union in Springfield, Mass., has agreed to merge into another credit union after its unconventional plan to sell
Home BancShares in Conway, Ark., is looking for an acquisition to help it meet a big financial goal. The $22.9
HomeStreet in Seattle has agreed to sell its Ginnie Mae mortgage servicing portfolio. The $8 billion-asset HomeStreet, which recently agreed
Avidbank Holdings in San Jose, Calif., has filed a prospectus in advance of its planned initial public offering. The $2.3
Prosperity Bancshares in Houston has agreed to buy American Bank Holding Co. in Corpus Christi, Texas. The $38.8 billion-asset Prosperity
Bank First in Manitowoc, Wis., has agreed to buy Centre 1 Bancorp in Beloit, Wis., in a deal that will
Chemung Financial in Elmira, N.Y., reported a quarterly loss after unloading underwater securities. The $2.9 billion-asset company said in a
Western Alliance Bancorp. in Phoenix will rebrand its banks to reflect its corporate identity. The parent of Western Alliance Bank
New Independent Bancshares in New Washington, Ind., has agreed to buy State Bank of Medora in Indiana. The deal is
TDECO in Houston has terminated an agreement to buy Sabine State Bank and Trust in Many, La. The $4.8 billion-asset
Climate First Bancorp in Orlando, Fla., raised $46 million by selling common stock. The company said in a press release
Broadway Bank in San Antonio, Texas, is looking for a new leader. The $5.7 billion-asset bank said in a press
Northfield Savings Bank in Northfield, Vt., will soon have a new leader. The $1.6 billion bank said in a press
Unity Bancorp in Clinton, N.J., reported increased earnings after it found a way to liquidate its holdings in Patriot National
A group is looking to buy a bank in Wyoming. Integra BG was formed to acquire an unnamed state-chartered bank
Organizers of a proposed Korean-American bank in Los Angeles have received conditional approval from the Federal Deposit Insurance Corp. The
First Community in Lexington, S.C., has agreed to buy Signature Bank of Georgia in Sandy Springs in a deal that
Huntington Bancshares in Columbus, Ohio, has agreed to buy Veritex Holdings in Dallas. The $210 billion-asset Huntington said in a
Civista Bancshares in Sandusky, Ohio, has agreed to buy Farmers Savings Bank in Spencer, Ohio. The $4.1 billion-asset Civista said
First State Bank in Gainseville, Texas., entered into a sale-leaseback transaction for half of its properties. The $1.8 billion-asset bank
Wise US will pay a $4.2 million penalty to resolve a dispute with six state financial regulators. The unit of
First Northwest Bancorp in Port Angeles, Wash., has made a change at the top. The $2.2 billion-asset company said in
Webster Five in Auburn, Mass., has a new leader. The $1 billion-asset bank said in a LinkedIn post that Brian
Capital One Financial in McLean, Va., is shutting down Discover’s home equity lending business. A notification at the top of
Waypoint Bank in Cozad, Neb., has agreed to buy a branch in Sutton, Neb., from Astra Bank in Scandia, Kan.
Brandon Luetkenhaus was named president and CEO of the Nebraska Credit Union League. Luetkenhaus succeeded Scott Sullivan, who retired on
Bank of Hillsboro in Illinois is rebranding. The $646 million-asset bank said it will become Constitution Bank on Sept. 2.
First Community in Lexington, S.C., confirmed that it has engaged in "preliminary discussions" with Signature Bank of Georgia in Sandy
Business First Bancshares in Baton Rouge, La., has agreed to buy Progressive Bancorp in Monroe, La. The $7.8 billion-asset Business
Norwood Financial in Honesdale, Pa., has agreed to buy PB Bankshares in Coatesville, Pa. The $2.4 billion-asset Norwood said in
VWF Bancorp in Van Wert, Ohio, will soon have a new CEO. The company said in a press release that
Stripe has received approval to charter a Georgia merchant acquirer limited purpose bank. Having an MALPB lets a company that
The Consumer Financial Protection Bureau terminated an order against Fay Servicing. The CFPB said that the mortgage servicer had fulfilled
The Consumer Financial Protection Bureau has terminated an overdraft fee-related consent order against Navy Federal Credit Union. The CFPB, which
Investar Holding in Baton Rouge, La., has agreed to buy Wichita Falls Bancshares in Wichita Falls, Texas. The $2.7 billion-asset
Stablecoin issuer Circle has applied with the Office of the Comptroller of the Currency to create a national trust bank.
The Bancorp in Wilmington, Del., could be facing a fight to reclaim $3 million tied to a terminated real estate
Millennium Bancshares in Chattanooga, Tenn., has agreed to buy North Georgia Community Financial Partners in Calhoun. The $528 million-asset Millennium
First Mid Bancshares in Mattoon, Ill., has a new president. The $7.6 billion-asset company said in a press release that
Santa Anna National Bank of Santa Anna, Texas, failed. The $63.8 million-asset bank was closed by the Office of the
Atlantic Union Bankshares in Richmond, Va., sold $2 billion of performing CRE loans to Blackstone. Atlantic Union, which inherited the
Maverick Bancshares in Lubbock, Texas, has agreed to buy Sandhills Bancshares in Monahans, Texas. The $425 million-asset Maverick did not
Community Financial System in Syracuse, N.Y., has agreed to buy seven branches in the Allentown, Pa., area from Santander Bank.
Glacier Bancorp in Kalispell, Mont., will enter Texas after agreeing to buy Guaranty Bancshares in Mount Pleasant, Texas. The $28.2
Mode Eleven Bancorp in Hulett, Wyo., which decided to shut down its Banking-as-a-Service platform last year after being hit with
Amerant Bancorp in Coral Gables, Fla., has recruited a high-profile banker to its board. The company said in a press
AgFirst Farm Credit Bank in Columbia, S.C., has lined up its next CEO. AgFirst said in a press release that
First Financial Bancorp in Cincinnati has agreed to buy Westfield Bancorp in Westfield Center, Ohio. The $18.5 billion-asset First Financial
Fiserv in Milwaukee plans to form a digital asset platform that will include a stablecoin. The company said in a
First National Bank Coastal Community in Wellington, Fla., has a new leader. The $503 million-asset bank said in a press
One America Bancorp, a newly formed bank holding company, has acquired Hopeton State Bank in Hopeton, Okla. One America, an
A group of banking and legal professionals is seeking to open a national bank in Columbus, Ohio, that would weave
Nissan Motor Acceptance Co., the financial services arm of Nissan North America, applied for an industrial loan charter. The Franklin,
The Federal Reserve approved an application by the founder of Increase, a customer-facing API company, to buy Twin City Bancorp
When Eastern Bankshares in Boston first approached HarborOne Bancorp in Brockton, Mass., last fall, it was just one of many
First Guaranty Bancshares in Hammond, La., swapped common stock for a subordinated note. The $3.8 billion-asset company disclosed in a
An investor group led by one of Martin Luther King Jr.’s children and a former Trump Administration official has bought
Hoyne Bancorp in Oak Park, Ill., plans to raise up to $77 million by converting Hoyne Savings MHC from a
Hope Bancorp in Los Angeles sold underwater securities at a $40 million pretax net loss. The company disclosed in a
Byline Bancorp in Chicago bought back more than 418,000 shares of its stock in conjunction with a secondary offering. The
Commerce Bancshares in Kansas City, Mo., has agreed to buy FineMark Holdings in Fort Myers, Fla. The $32.4 billion-asset Commerce
National Bank of Blacksburg in Virginia will soon have a new CEO. The $1.8 billion-asset unit of National Bankshares said
Vine Financial in Austin, Texas, has secured seed funding and created a board of directors. The fintech, which uses AI
GrailPay, a risk and data platform for bank payments, raised $6.7 million in funding. The fintech said in a press
FSB Financial in New Madison, Ohio, has applied to buy Republic Banking Co. in Republic, Ohio. FSB, the parent of
Ken Moelis is stepping down as CEO of the investment bank he co-founded. Moelis & Co. in New York said
Newburyport Bank in Newburyport, Mass., has a new president. The $1.6 billion-asset mutual said in a press release that Jim
CoastalSouth Bancshares in Hilton Head, S.C., is planning to sell common stock. The $2.2 billion-asset company's registration statement will also
Main Street Financial in Wooster, Ohio, has parted ways with its CEO. The $1.4 billion-asset company said in a press
Commerce Bancorp in Greenwood, Miss., has applied to buy Holmes County Corp. in Lexington, Miss. The parent of the $983
Parlay Finance, an AI-powered loan intelligence system, raised $2 million in a seed funding round. The round was led by
Teton Capital, an investment firm led by David Sokol, is reportedly pushing for changes at Atlantic Union Bankshares in Richmond,
Fiserv is planning to buy out the joint venture partner behind AIB Merchant Services. Fiserv said in a press release
Capital One Chairman and CEO Richard Fairbank will receive a one-time award worth about $30 million in connection with the
NB Bancorp in Needham, Mass., has agreed to buy Provident Bancorp in Amesbury, Mass. The $5.5 billion-asset company said in
A group has applied to open a new bank in Georgia. Organizers of the proposed Georgia Skyline Bank in Roswell
Fifth District Bancorp in New Orleans appointed an interim CEO after the death of its leader. The $531.1 million-asset company
MidFirst Bank in Oklahoma City will have a new CEO. The $40 billion-asset bank said in a press release that
JPMorgan Chase in New York is giving more responsibility to Marianne Lake, seen as a potential successor to CEO Jamie
The collapse of Pulaski Savings Bank of Chicago is now the subject of an in-depth review by the FDIC’s Office
Orange County Bancorp in Middletown, N.Y., plans to raise $37.5 million through a public offering. The $2.6 billion-asset company disclosed
Patriot National Bancorp in Stamford, Conn., plans to raise $10.7 million by selling stock. The $974 million-asset company disclosed in
North Shore Bank in Peabody, Mass., has a new leader. The $3 billion-asset bank said in a LinkedIn post that
Wells Fargo in San Francisco has been released from the Federal Reserve's asset cap. The Fed said that the $1.9
Farmers State Bank of Oakley, Kansas, has applied to buy Kaw Valley State Bank in Eudora, Kan. The $300.8 million-asset
Chime Financial is shedding more light on the size of its highly anticipated initial public offering. The fintech, in an
Capital City Bank Group in Tallahassee, Fla., has a new bank president. The $4.5 billion-asset company said in a press
Southern Bancorp in Little Rock, Ark., has agreed to buy Ozarks Heritage Financial in Springfield, Mo., in a deal that
Thrivent Financial for Lutherans has merged its credit union into the newly created Thrivent Bank. The industrial bank, which is
Greenlite AI has raised $15 million in Series A funding, bringing its total funding to $20 million. Greylock led the
Wells Fargo in San Francisco has agreed to sell the assets of its rail equipment leasing business. The $1.9 trillion-asset
MainStreet Bancshares in Fairfax, Va., disclosed a data security incident that exposed information tied to less than 5% of its
Princeton Bancorp in Princeton, N.J., will recognize a $9.9 million impairment charge tied to two delinquent commercial real estate loans
Merchants National Bank in Hillsboro, Ohio, is ready to finalize its CEO succession. The $1.3 billion-asset bank said in a
First Seacoast Bancorp in Dover, N.H., didn't have to look far to find its next CEO. The $593 million-asset company
Wells Fargo in San Francisco has been freed from another enforcement action. The $1.9 trillion-asset company said that the Office
Woodsboro Bank in Frederick, Md., has a new leader. The bank said in a press release that Rich Ohnmacht will
First IC Corp. in Doraville, Ga., considered offers from two other bidders before agreeing to sell itself to MetroCity Bankshares
Seacoast Banking Corp. of Florida in Stuart has agreed to buy Villages Bancorp. in The Villages, Fla. The $15.7 billion-asset
Guilford Savings Bank in Guilford, Conn., will soon rebrand. The $1.1 billion-asset bank said on its website that it will
BMO Financial Group in Montreal sold a U.S. credit card portfolio as part of a broader balance sheet optimization strategy.
Five Rivers Bank, a de novo created by a group of Sikh-Americans, has opened. The Paramus, N.J., bank debuted on
Avenir Financial Federal Credit Union in Yuma, Ariz., has agreed to buy Mission Bank in Kingman, Ariz. The deal between
The Consumer Financial Protection Bureau and the Department of Justice filed a motion to terminate a consent order against Trustmark
Citizens Bancshares in Olanta, S.C., has agreed to buy a branch in Laurinburg, N.C., from First Capital Bancshares in Charleston,
Old Point Financial in Hampton, Va., was an extremely popular acquisition target, attracting eight letters of intent when it put
Catena Labs, which is looking to build an artificial intelligence-native bank, has raised $18 million. Sean Nevill, a co-founder of
Quaint Oak Bancorp in Southampton, Pa., is working through a regulatory order. The company disclosed in a regulatory filing that
Software provider CSI has a new CEO. The Paducah, Ky., company said in a press release that Nancy Langer had
The Delaware Bankers Association has its next leader lined up. The association said that Karyn Polak will become its president,
BancFirst in Oklahoma City has agreed to buy American Bank of Oklahoma in Collinsville. The $14 billion-asset BancFirst said in a
Independent Bank Corp. in Rockland, Mass., plans to cut 125 jobs this year as part of its planned acquisition of
Ameris Bancorp in Atlanta has been freed from a November 2023 consent order tied to redlining claims. The U.S. District
Hometown Financial Group in Peabody, Mass., has agreed to buy CFSB Bancorp in Quincy, Mass. The $6.6 billion-asset Hometown said
PNC Financial Services Group in Pittsburgh has agreed to buy Charlotte, N.C., broker-dealer Aqueduct Capital Group. PNC said in a
An investor group no longer plans to buy Eureka Homestead Bancorp in Metairie, La. Eureka Investor Group agreed to pay
Elemi Bank, a proposed bank in California that received conditional approval from the Federal Deposit Insurance Corp. last fall, will
Choice Bank in Fargo, N.D., added three banking veterans, including a former CEO, to its board. The $5.6 billion-asset unit
Union Bankshares in Morrisville, Vt., could raise up to $40 million in the coming months by selling common stock. The
Steven Sugarman is moving quickly to reshape the future of Patriot National Bancorp as he works to turn around the
First National Bank in Fort Pierre, S.D., has agreed to buy Wyoming Bank & Trust in Cheyenne. The $1.7 billion-asset
Finastra has agreed to sell its treasury and capital markets unit to an affiliate of private equity firm Apax Partners.
Community Bank Delaware in Lewes raised capital by selling common stock. The bank raised $1.8 million on May 14 with
Union Bankshares in Morrisville, Vt., is looking for a new CEO. The company disclosed in a regulatory filing that David Silverman
Carver Bancorp in New York was issued an enforcement action that requires its bank to create a three-year plan focused
Citigroup in New York agreed to sell a unit that advises its global alternative investment fund platform to technology provider
BOK Financial in Tulsa, Oklahoma, launched a mortgage finance business. BOK said in a press release that the mortgage finance
Greenswoods State Bank in Lake Mills, Wis., has a new president. The bank said in a press release that Jim
The president of Rockland Trust in Rockland, Mass., plans to retire. Independent Bank Corp., the parent company of Rockland Trust,
The Federal Reserve has terminated a written agreement against Perry County Bancorp in Du Quoin, Ill. The written agreement, issued
Primis Financial in McLean, Va., posted a dramatic swing back into profitability, driven by a key strategic move: The deconsolidation
Digital banking platform Chime Financial filed its registration statement for its anticipated initial public offering. The filing does not provide
Robinhood has agreed to buy decentralized trading platform WonderFi in Vancouver, Canada. The digital stock brokerage app said in a
Embassy Bancorp in Bethleham, Pa., is facing a shareholder proposal to find a buyer. The $1.7 billion-asset Embassy disclosed in
Ponce Financial Group in Bronx, N.Y., plans to become a bank holding company so its bank can receive a national
First Northwest Bancorp in Port Angeles, Wash., reported a quarterly loss that reflected credit issues and a legal reserve tied
American Bancorp in Atlanta, which just announced its new CEO, has raised capital. The $540 million-asset bank brought in $18
Chickasaw Banc Holding in Oklahoma City has agreed to buy Oklahoma Heritage Bank in Ada. The parent of the $470
An application for a proposed bank in New York has been removed. Organizers of the planned American Innovation Bank in
AvidXchange Holdings in Charlotte, N.C., which provides accounts payable automation software and payment solutions for middle-market businesses, is being acquired.
OceanFirst Financial in Toms River, N.J., is absorbing upfront expenses in anticipation of long-term gains from a premier banking push.
Avidia Bank in Hudson, Mass., is planning to convert from a mutual to a stock holding company. The $2.7 billion-asset
Heritage Financial in Olympia, Wash., has a new leader. The company said in a press release that Bryan McDonald had
Gulf Capital Bank in Houston has formed a small business lending group. The $539 million-asset bank said in a press
Central Plains Bancshares in Grand Island, Neb., will soon have a new CEO. The company disclosed in a regulatory filing
Upstart Holdings in San Mateo, Calif., entered into a one-year strategic partnership with OnePay to focus on marketing consumer lending
The Independent Community Bankers of America announced the participants in its ninth ICBA ThinkTECH Accelerator program, with artificial intelligence serving
First Business Financial Services in Madison, Wis., is entering the final stage of succession planning. The $3.9 billion-asset company said
Foresight Financial Group in Winnebago, Ill., has consolidated six banks under a single charter. The $1.6 billion-asset company said in
Frontier Credit Union in Idaho Falls has agreed to buy First Citizens Bank of Butte in Montana. The $687 million-asset
American Bancorp in Atlanta has a new leader. The $540 million-asset bank said in a press release that Dominik Mjartan
Steven Sugarman has a bigger role at Patriot National Bancorp in Stamford, Conn. The company disclosed in a regulatory filing
First National Bank of Omaha in Nebraska has agreed to buy CCB Financial in Kansas City, Mo. The $32 billion-asset
Evolve Bank & Trust in West Memphis, Ark., which has been dealing with fallout from its fintech partnerships, lost $4.3
Varo Bank in Draper, Utah, received a $50 million infusion from its parent earlier this year, only to lose half
Citizens Financial Group in Providence, R.I., has a new president. The $220 billion-asset company said in a press release that
First Guaranty Bancshares in Hammond, La., lost $6.2 million in the first quarter after selling two commercial real estate loans
Flushing Financial in Uniondale, N.Y., reported a net loss in the first quarter after recording a $17.6 million goodwill impairment
AQM Technologies in Chicago has acquired TRaiCE, which offers AI-based business risk monitoring solutions. AQM, which handles quality assurance, cybersecurity
Venture Coast Partners is planning a new de novo bank in the San Francisco Bay Area. In its application filed
The founder of customer-facing API company Increase has applied with the Federal Reserve to buy Twin City Bancorp in Longview,
RBB Bancorp in Los Angeles reported lower quarterly profit due to elevated credit costs. The $4 billion-asset company said in
Enterprise Financial Services in St. Louis has agreed to buy 12 branches from First Interstate BancSystem in Billings, Montana. The
The Consumer Financial Protection Bureau terminated a 2018 consent order against Wells Fargo, leaving two enforcement actions against the San
Regent Capital in Tulsa, Okla., has agreed to buy DLP Bancshares in Starke, Fla. The $1.8 billion-asset Regent said in
Eagle Financial Services in Berryville, Va., which recently raised capital, reported a quarterly loss after repositioning its securities portfolio. The
Midland States Bancorp in Effingham, Ill., plans to restate multiple years of financial statements after identifying material errors tied to
Cadence Bank in Houston has agreed to buy Industry Bancshares in Industry, Texas, which has been dealing with regulatory issues
The Consumer Financial Protection Bureau has dropped cases against Reliant Holdings, which operates as Horizon Card, and subprime auto lender
Miners and Merchants Bancorp in Grundy, Va., has agreed to buy First Community in Rogersville, Tenn. The $500 million-asset parent
Eastern Bankshares in Boston has agreed to buy HarborOne Bancorp in Brockton, Mass. The $25 billion-asset Eastern said in a
Gateway First Bank in Jenks, Okla., will soon have a new leader. The $2 billion-asset bank said in a press
Eagle Bancorp in Bethesda, Md., reported a sharp drop in profit after its loan-loss provision spiked. The $11.3 billion-asset company
Citizens & Northern in Wellsboro, Pa., has agreed to buy Susquehanna Community Financial in West Milton, Pa. The $2.6 billion-asset
Columbia Banking System in Tacoma, Wash., has agreed to buy Pacific Premier Bancorp in Irvine, Calif. The $50 billion-asset Columbia
Edward Jones in St. Louis is again looking to form an industrial bank in Utah. The brokerage company applied with
National Bank Holding in Denver reported lower quarterly earnings after charging off a credit due to suspected fraud by a
BCB Bancorp in Bayonne, N.J., lost money in the first quarter after setting funds aside to cover issues with a
Orange County Bancorp in Middleton, N.Y., has agreed to sell a branch for $2.5 million. The $2.5 billion-asset company said
Fintech custodian Altruist raised $152 million in a Series F funding round. The Los Angeles company said in a press
MIDFLORIDA Credit Union in Lakeland, Fla., has agreed to buy Prime Meridian Bank in Tallahassee, Fla. The $8.6 billion-asset credit
MainStreet Bancshares in Fairfax, Va., is encouraging investors to reject a shareholder proposal that the board sell the Fairfax, Va.,
An unsolicited acquisition offer last fall set off a competitive courtship that ultimately led Guaranty Bancorp in Woodsville, N.H., to
Washington Trust Bancorp in Westerly, R.I., used a sale-leaseback transaction to offset a hit from terminating its qualified pension plan.
In a major shift intended to modernize and streamline bank oversight, the Office of the Comptroller of the Currency announced
Private Bancorp of America in La Jolla, Calif., hired a former leader of Montecito Bank and Trust to oversee its
Simmons First National in Pine Bluff, Ark., reported lower quarterly earnings after its credit costs swelled. The $26.8 billion-asset company
Global Payments in Atlanta announced a bold realignment of its business strategy, agreeing to divest Issuer Solutions and buy Worldpay.
A new legal filing from former Silicon Valley Bank executives is pushing back against the Federal Deposit Insurance Corp.’s claim
CFCU Community Credit Union in Ithaca, N.Y., has rebranded as Beginnings Credit Union. The $1.4 billion-asset credit union said it
In a stunning move, the White House dismissed Todd Harper and Tanya Otsuka from the National Credit Union Administration board,
The Community Bankers Association of Georgia will invest in the latest fund from BankTech Ventures. The association said in a
AmeriServ Financial has struck a deal with one of its largest shareholders, SB Value Partners, to help grow and streamline
Marion and Polk Schools Credit Union in Salem, Ore., has agreed to buy Lewis & Clark Bank in Oregon City.
Franklin Financial Services in Chambersburg, Pa., will soon have a new leader. The $2.2. billion-asset company disclosed in a regulatory
Georgia Banking Co. in Atlanta and First Bancshares in Mountain Grove, Mo., raised capital by selling common stock. Georgia Banking,
Oak View Bankshares in Warrenton, Va., raised nearly $8 million from a private placement. The company said in a press
The Federal Deposit Insurance Corp. has approved its first new bank in 2025. The agency gave conditional approval to organizers
West Shore Bank in Ludington, Mich., bought the wealth management, investment advisory and trust services business of Auto Club Trust
Itasca Bank & Trust in Itasca, Ill., has new leadership. The $772 million-asset bank said in a press release that
Solid Financial Technologies, also known as Wise Company, has filed for Chapter 11 bankruptcy protection in the U.S. Bankruptcy Court
Alinea Invest, a wealth management fintech focused on younger investors, has raised $10.4 million in its Series A funding round.
Ripple, a San Francisco company that provides digital asset infrastructure, has agreed to buy New York prime broker Hidden Road
F.N.B. Corp. in Pittsburgh has agreed to buy Pittsburgh investment bank Raptor Partners. F.N.B. did not disclose the price it
First Citizens BancShares in Raleigh, N.C., and the Federal Deposit Insurance Corp. have ended their shared-loss agreement tied to the
PNC Financial Services Group in Pittsburgh snagged a Blackrock executive to serve as its president. The company said in a
First National Bank in Pandora, Ohio, has a new leader. The bank said in a press release that Brendon Matthews
Southern Bank in Spartanburg, S.C., has a new leader. The bank said in a press release that M.J. Huggins III
America's Credit Unions has begun the search for a new leader. The advocacy group announced that Jim Nussle will retire
Israel Discount Bank of New York has a new leader. The bank said that Avner Mendelson will become its president
Evolve Bank & Trust in West Memphis, Ark., will pay $11.8 million to settle claims that it failed to protect
Plaid raised $575 million in a funding round. The round, which included Franklin Templeton, BlackRock, NEA and Ribbit Capital, valued
Equity Bancshares in Wichita, Kan., has agreed to buy NBC Corp. of Oklahoma in Oklahoma City. The $5.3 billion-asset Equity
TowneBank in Suffolk, Va., has agreed to buy Old Point Financial in Hampton, Va. The $18 billion-asset TowneBank said in
Mutual Federal in Sidney, Ohio, has a new president. Bill Daily announced on LinkedIn that he had taken on the
Union County Savings Bank in Elizabeth, N.J., has a new leader. The $1.6 billion-asset bank also said that Chris McFadden
There's a new president at 1st National Bank of Scotia in New York. The $676 million-asset bank said in a
Santa Cruz County Bank in Santa Cruz, Calif., has rebranded. The $2.7 billion-asset unit of West Coast Community Bancorp announced
Colony Bankcorp in Fitzgerald, Ga., is bucking a trend in banking by acquiring an insurance agency. The company said in
The banker responsible for building FB Financial in Nashville, Tenn., has died. Jim Ayers passed away on April 1. Once
The CEO of Legacy Bank in Murrieta, Calif., is retiring. Jim Hicken announced in a LinkedIn post that he will
Stride Bank in Tulsa, Okla., struck a deal to become the new card issuing partner for the Affirm Card. The
Plumas Bancorp in Reno, Nev., prevailed against an unnamed Pacific Northwest credit union to strike a deal to buy Cornerstone
Plumas Bancorp in Reno, Nev., has reached a sale-leaseback agreement for two office properties in California. The company disclosed in
New leadership has been named at 1st Summit Bancorp of Johnstown in Pennsylvania. The $1.4 billion-asset company said in a
National Bankshares in Blacksburg, Va., will soon have a new leader. The $1.8 billion-asset company said in a press release
U.S. Bancorp in Minneapolis announced that its vice chair had died in a plane crash in Brooklyn Park, Minn. The
Rocket Companies in Detroit has agreed to buy Mr. Cooper Group in Dallas for $9.4 billion in stock. Rocket said
HomeStreet in Seattle has a new agreement to sell itself four months after a deal to sell to FirstSun Capital
FB Financial in Nashville, Tenn., has agreed to buy Southern States Bancshares in Anniston, Ala. The $13 billion-asset FB Financial
Trustar Bank in Great Falls, Va., raised $16.7 million in fresh capital. The bank said in a press release that
Columbia Banking System in Tacoma, Wash., has agreed to pay $55 million to settle a nearly five-year-old lawsuit. The company
Touchmark Bancshares in Alpharetta, Ga., has a new CEO. The $449 million-asset company said in a press release that Bobby
Mechanics Bancorp in Taunton, Mass., and MountainOne Financial in North Adams, Mass. have agreed to merge into a single mutual
First Guaranty Bancshares in Hammond, La., which has been dealing with credit issues and capital preservation, recruited a former bank
Community National Bank and Trust in Chanute, Kan., has agreed to buy the parent company of Prairie Bank of Kansas
Volunteer State Bank in Nashville, Tenn., has shortened its name. The $1.5 billion-asset bank said in a press release that
CSI, a provider of end-to-end financial software and technology, is preparing to have a new CEO. The Paducah, Ky., company
Forte Bank in Hartford, Wis., has lined up its next leader. The $410 million-asset bank said in a press release
Fintech Mercury raised $300 million in capital while adding four new directors. The San Francisco company said in a press
Triumph Financial in Dallas has elevated the roles of three executives to serve as division presidents. The $5.9 billion-asset Triumph
Dream First Bank in Syracuse, Kan., has agreed to buy BancCentral in Alva, Okla. The $689.7 million-asset Dream First did not
BankFirst in Columbus, Miss., has agreed to buy Magnolia State Corp. in Bay Springs, Miss. The $2.8 billion-asset BankFirst said
Lakeside Bank in Rockwall, Texas, has a new leader. The $308 million-asset bank said in a press release that Chris
Lincoln State Bank in Hankinson, N.D., will soon have a new president. The $118 million-asset bank said in a press
Michael Quinn is retiring as president and CEO of Rhinebeck Bancorp in Poughkeepsie, N.Y., ending 40 years with the bank.
The Office of the Comptroller of the Currency has determined that 42 North Private Bank in Canton, Mass., is in
Patriot National Bancorp in Stamford, Conn., announced an agreement to raise $50 million, along with the departure of CEO David
Shore Bancshares in Easton, Md., is winding down the operations of its real estate title company. The company said in
The Federal Reserve issued a cease-and-desist order against Frankewing Bancshares in Frankewing, Tenn., after an exam found deficiencies in its
A group led by banking veterans is looking to open a de novo in Edmond, Okla. Organizers of the proposed
Blue Ridge Bankshares in Charlottesville, Va., will sell certain assets of its Monarch Mortgage division to an unnamed buyer. The
Legacy Community Federal Credit Union has agreed to buy First Community Bank of Cullman in Alabama. The $642.9 million-asset Legacy
Navy Federal Credit Union in Vienna, Va., has invested in Curql Fund II The $180 billion-asset credit union did not
A group of bankers with ties to Grand Savings Bank in Grove, Okla., has agreed to buy Stark Bancshares in
Cornerstone Bank in Spencer, Mass., said its leader will step down in 2026. The $1.6 billion-asset bank said that Randall
A group in New Jersey is looking to form a de novo bank. Organizers of the proposed Liberty Bank of
NovoPayment, a Miami fintech that builds financial infrastructure in Latin America, has a new CEO. The company hired Rodrigo Rodas
Wells Fargo in San Francisco has been freed from another enforcement action. The $1.9 trillion-asset company said in a press
Lake Shore Bancorp in Dunkirk, N.Y., could raise up to $64 million from its planned second-step conversion. The $686 million-asset
Billfloat has acquired United Community Bancshares in Northbrook, Ill. The Federal Reserve approved the San Francisco small business lender's BHC
Rio Financial Services in McAllen, Texas, has applied to acquire Lone Star Capital Bank in San Antonio. The application was filed
MetroCity Bankshares in Doraville, Ga., has agreed to buy First IC Corp. in Doraville. The $2.9 billion-asset MetroCity said in
OnePay, a fintech that is majority-owned by Walmart, is breaking ties with Affirm Holdings to work with Klarna Group on
OakNorth, a U.K.-based digital bank, has agreed to buy Community Unity Bank in Birmingham, Mich. OakNorth, which received approval in
OneMain Financial is the latest company to apply for an industrial loan charter. The company said in a press release
TD Bank plans to close 38 locations. The bank applied with the Office of the Comptroller of the Currency to
GBank Financial Holdings in Las Vegas plans to apply for a Nasdaq listing. The $1.1 billion-asset company said in a
Block received approval from the Federal Deposit Insurance Corp. to directly offer small consumer loans to Cash App customers. The fintech
Planters Holding in Indianola, Miss., has agreed to buy BSJ Bancshares in Saint Joseph, La. The $2 billion-asset Planters did
Lake Shore Bancorp in Dunkirk, N.Y., has been freed from another regulatory order. The $698 million-asset company disclosed in a
NuMark Credit Union in Joliet, Ill., has agreed to acquire The Lemont National Bank in Lemont, Ill. The $851 million-asset
Bar Harbor Bankshares in Bar Harbor, Maine, has agreed to buy Guaranty Bancorp in Woodsville, N.H. The $4.1 billion-asset Bar
Financial Institutions in Warsaw, N.Y. has settled civil litigation tied to its bank’s auto loan notification process. The $6.1 billion-asset
American Express has agreed to buy expense-management software company Center. American Express did not disclose the price it would pay.
Green Dot in Provo, Utah, has hired an investment bank to help it explore strategic alternatives—often a prelude to selling.
Independence Bank in East Greenwich, R.I., plans to liquidate under a plan approved by the Federal Deposit Insurance Corp. The
The Maryland Bankers Association has a new leader. The association said in a press release that Tisha S. Edwards had
Bank of Idaho Holding Co. in Idaho Falls considered selling to a credit union but cooled on the idea after
Seacoast Banking Corp. of Florida in Stuart has agreed to buy Heartland Bancshares in Sebring, Fla. The $15.2 billion-asset Seacoast
Fintech Taktile raised $54 million in its latest fund-raising round. The company announced on its website that the Series B
Alkami Technology has agreed to buy Fin Technologies, which does business as MANTL. Alkami said in a press release that
The Consumer Financial Protection Bureau dismissed enforcement lawsuits against Capital One Financial, Vanderbilt Mortgage & Finance, Rocket Homes Real Estate
Popular in San Juan, Puerto Rico, is finalizing its succession plan. The $73 billion-asset company said in a press release
Triumph Financial in Dallas has agreed to buy Greenscreens.ai, which provides a pricing solution for the logistics industry. The $5.9
Bank of Marin Bancorp in Novato, Calif., said a cooperation agreement with an investor group will soon end. The $3.7
Rio Financial Services in McAllen, Texas, has agreed to buy Lone Star Capital Bank in San Antonio. The merger was
Old Second Bancorp in Aurora, Ill., has agreed to buy Bancorp Financial in Oak Brook, Ill. The $5.7 billion-asset Old
QCR Holdings in Moline, Ill., will soon have a new leader. The $9.1 billion-asset company said in a press release
Patriot National Bancorp in Stamford, Conn., which was recently hit with an enforcement action while exploring its strategic alternatives, warned
A bank in Alabama has a fresh name and a new headquarters. The $70.1 million-asset LifeSteps Bank and Trust said
Yoakum National BancShares in Yoakum, Texas, has agreed to buy Ganado Bancshares in Ganado, Texas. Yoakum, the holding company for
Quaint Oak Bancorp in Southampton, Pa., has a new president. The $701 million-asset company disclosed in a regulatory filing that
De novo BankMiami will open its doors next month. Organizers said in a LinkedIn post that the bank will debut
1895 Bancorp of Wisconsin in Greenfield has hired an investment bank to help it explore strategic alternatives, which could include
Varo Money, a fintech that successfully applied for a bank charter, is looking to raise more capital. Varo, which recently
Winchester Bancorp in Winchester, Mass., is getting close to converting to a two-tier mutual holding company structure. The proposed holding
Automotive company Stellantis has applied to form an industrial loan company in Utah. The company, formed by the 2021 merger
A proposed bank in Avon, Colo., continues to make progress on its fundraising goal. Battle Financial disclosed on LinkedIn that
Sharon Bank in Springfield, Pa., has a new CEO. The $164 million-asset mutual said in a LinkedIn post that William
MVB Financial in Fairmont, W.Va., sold its ownership in software development firm Trabian Technology. The $3.1 billion-asset company said in
Orrstown Financial in Harrisburg, Pa., has set the stage for its next leader. The $5.4 billion-asset company said in a
Wells Fargo in San Francisco has been released from another regulatory order. The $1.9 trillion-asset company said in a press
Wise, a U.K.-based remittance firm, plans to close its Tampa, Fla., office and lay off about 307 employees. All affected
Stephen Gordon has finally put some of the capital committed to acquisitions to work. Genesis Bank in Newport Beach, Calif.,
Superior Choice Credit Union in Superior, Wis., is looking for a new leader. Tim Foster shared in a LinkedIn post
Standard Chartered will soon have a new CEO for the U.S. and Americas. The U.K. bank said in a press
Riverside Bank of Dublin in Ohio has a new CEO. The $211 million-asset bank said that it hired Charles Moore
Technology company nCino bought Sandbox Banking. The company said in a press release that it paid $52.5 million in cash
The BHB Fund in Austin, Texas, has invested in equipifi, a fintech that helps financial institutions develop Buy Now, Pay
Eagle Financial Services in Berryville, Va., raised $5o million from selling common stock. The $1.8 billion-asset company completed a public
TD Bank Group in Toronto will sell its remaining stake in Charles Schwab. The Canadian company said in a press
Capital One Financial in McLean, Va., and Discover Financial Services have pushed the deadline for their merger back as they
Fulton Financial in Lancaster, Pa., has created a capital markets business. The $32.1 billion-asset company said it created the operation
First Bancorp in Southern Pines, N.C., has a new bank CEO. The company said in a press release that G.
CB Financial Services in Carmichaels, Pa., laid off seven employees and announced the resignation of its chief financial officer. The
Northpointe Bancshares in Grand Rapids, Mich., is planning an initial public offering. The $5.4 billion-asset company, in its registration statement,
Intercity State Bank in Schofield, Wis., will be absorbed by One Community Bank in Oregon, Wis. The $266 million-asset Intercity
Nebraska's Department of Banking and Finance has given conditional approval for Telcoin Bank to open a digital asset bank. The
Finovifi in Birmingham, Ala., has acquired Modern Banking Systems in Omaha, Neb. Finovifi, which did not disclose how much it
OMB Bank in Springfield, Mo., has created an embedded finance division. The $1.4 billion-asset bank said that OMBX will offer
The Federal Reserve has freed Wells Fargo in San Francisco from a pair of consent orders. The orders, levied on
Technology company nCino has a new leader. The company said in a press release that Sean Desmond had become its
Santander has a new CEO at its U.S. bank. Ana Botin, the bank's executive chair, wrote in a LinkedIn post
General Motors Financial resubmitted its paperwork to form an industrial bank and to receive deposit insurance less than a year
Florida Bancshares in Dade City has a new CEO. The parent of the $321 million-asset First National Bank of Pasco
First Savings Financial Group in Jeffersonville, Ind., sold a large pool of home equity lines of credit as it shifted
FB Bancorp in New Orleans warned that it will record a $5.8 million goodwill impairment charge tied to a decade-old
The Consumer Financial Protection Bureau ordered Wise to pay nearly $2.5 million to address claims that the U.K. remittance company
First Foundation in Dallas is starting to use some of the capital it raised last year as part of its
Lake Shore Bancorp in Dunkirk, N.Y., is planning a second-step conversion to a fully stock-owned company. The company said in
Bank of Frankewing in Frankewing, Tenn., has a new leader. Richard Burleson announced on his LinkedIn page that he had
First Bancorp in Southern Pines, N.C., posted significantly lower net income after repositioning its securities portfolio. The $12.1 billion-asset company
Amalgamated Bank of Chicago has selected an insider as its new CEO. The $1.2 billion-asset bank said in a statement
The banking industry is changing fast, with new technology, tougher regulations, and increased competition. To stay competitive, financial institutions must
Central Pacific Financial in Honolulu posted lower quarterly profit that reflected a decision to sell securities at a loss. The
Plumas Bancorp in Reno, Nev., has agreed to buy Cornerstone Community Bancorp in Red Bluff, Calif. The $1.6 billion-asset Plumas
Flushing Financial in Uniondale, N.Y., which recently raised $70 million, had a noisy quarter as it restructured its balance sheet.
U.S. Bancorp in Minneapolis will soon have a new CEO. The $678 billion-asset company said in a press release that
WSFS Financial in Wilmington, Del., reported slightly higher earnings despite an issue with a former client. The $20.8 billion-asset company
Sandy Spring Bancorp in Olney, Md., had to conduct some cleanup ahead of its planned sale to Atlantic Union Bankshares
Wells Fargo in San Francisco continues to put its past in the rearview mirror. The $1.9 trillion-asset company said in
HomeTrust Bancshares in Asheville, N.C., has agreed to sell two branches in Knoxville, Tenn., to Apex Bank in Camden, Tenn.
Norwood Financial in Honesdale, Pa., which raised $30 million in December, reported a net loss in the fourth quarter after
MutualOne Bank in Framingham, Mass., has a new leader. The bank said in a press release that Kristin Carvalho had
Fulton Financial in Lancaster, Pa., will close 15 branches in the coming months. Seven of the branches are in Pennsylvania,
Midland States Bancorp in Effingham, Ill., reported a quarterly loss after stepping up efforts to distance itself from two lending
Heritage Financial in Olympia, Wash., sold more securities and restructured its bank-owned life insurance in the fourth quarter. The $7.1
Fiserv has recruited the president at PNC Financial Services Group in Pittsburgh to become its next leader. PNC said in
Cadence Bank in Tupelo, Miss., has agreed to buy FCB Financial in Savannah, Ga. The $50 billion-asset Cadence said in
Horizon Bancorp in Michigan City, Ind., reported a net loss in the fourth quarter after selling more underwater securities. The
Triumph Financial in Dallas created a new data-focused business segment after buying a technology company. The $5.9 billion-asset company bought
Origin Bancorp in Ruston, La., announced a plan to improve annual pretax, pre-provision earnings by $20.8 million. The $9.7 billion-asset
William Penn Bancorp. in Bristol, Pa., received offers from five potential suitors before agreeing to sell to Mid Penn Bancorp
Frontwave Credit Union in Oceanside, Calif., has agreed to buy Community Valley Bank in El Centro, Calif. The $1.4 billion-asset
Ally Financial in Charlotte, N.C., has agreed to sell its credit card business to CardWorks in Woodbury, N.J. Ally said
Civista Bancshares in Sandusky, Ohio, has a new bank president. The $4.1 billion-asset company said in a press release that
Pathward Financial in Sioux Falls, S.D., made the most of selling a business by shedding underperforming securities during the last
Old National Bancorp in Evansville, Ind., disclosed that its president is retiring. The $54 billion-asset company said in a press
Guilford Savings Bank in Guilford, Conn., has applied with regulators to acquire Eastern Connecticut Savings Bank in Norwich, Conn. The
Hancock Whitney in Gulfport, Miss., has agreed to buy Sabal Trust Co. in St. Petersburg, Fla. Hancock Whitney did not
Patriot National Bancorp in Stamford, Conn., which is evaluating strategic options that could include its potential sale, is now operating
SouthEast Bank in Farragut, Tenn., will pay $1.5 million to settle claims by the Justice Department that it engaged in
Pulaski Savings Bank of Chicago is the first bank to fail in 2025. The $49.5 million bank was closed by
American Honda Finance in Torrance, Calif., will pay $12.8 million to address claims by the Consumer Financial Protection Bureau that
The president of Glenwood State Bank in Glenwood, Minn., is leaving to take a job at the Independent Community Bankers
WaFd in Seattle is getting out of mortgage lending. The $27.7 billion-asset company said in a press release that it
The Federal Deposit Insurance Corp. filed a lawsuit against 17 former executives and directors of Silicon Valley Bank that alleges
The Consumer Financial Protection Bureau ordered Block, which operates Cash App, to refund customers $75 million to $120 million and
Some customers at Capital One Financial in McLean, Va., and BOK Financial in Tulsa, Okla., have experienced issues accessing their
First Bancshares in Bellevue, Ohio, has begun a search for its next CEO. The parent company of the $306 million-asset
Block will pay an $80 million fine to settle claims by 48 state regulators that the fintech behind Cash App
Palmetto State Bank in Hampton, S.C., has a new leader. The $597 million-asset bank promoted Andy Westbrook to serve as
The Office of the Comptroller of the Currency has fined three former Wells Fargo executives an aggregate of $18.5 million
Franklin Financial Services in Chambersburg, Pa., has selected its next CEO. The $2.2 billion-asset company disclosed in a regulatory filing
JPMorgan Chase in New York is shuffling managerial chairs before Daniel Pinto retires. The company said in a press release
The Consumer Financial Protection Bureau has accused Capital One Financial in McLean, Va., of illegally avoiding paying more than $2
Guaranty Bank has a new president. The $2 billion-asset bank, a unit of QCR Holdings in Moline, Ill., said in
Mechanics Bank in Walnut Creek, Calif., has removed "interim" from its CEO's title. The $17 billion-asset bank said in a
Glacier Bancorp in Kalispell, Mont., has agreed to buy Bank of Idaho Holding Co. in Idaho Falls. The $28.2 billion-asset
SouthState in Winter Haven, Fla., entered into a sale-leaseback transaction involving 170 branches. The $65 billion-asset company, which recently bought
CNB Financial in Clearfield, Pa., has agreed to buy ESSA Bancorp in Stroudsburg, Pa. The $6.3 billion-asset CNB said in
First Interstate BancSystem in Billings, Mont., warned it will record a larger-than-expected loan-loss provision in the fourth quarter after recording
Ally Financial laid off hundreds of employees while also disclosing plans to fully exit mortgage lending. The company told multiple
Bank of Idaho in Idaho Falls has agreed to sell its trust and wealth management division to Idaho Trust Co.
Central Bancshares in Muscatine, Iowa, has a new leader. The parent of the $1.6 billion-asset CBI Bank & Trust said
Stephens in Little Rock, Ark., is opting for two leaders as part of its succession plan. The family-owned investment bank
First Keystone in Berwick, Pa., has hired a veteran banker as its next CEO. The company disclosed in a regulatory
Community Bank Holdings of Texas in Corsicana has agreed to buy CapTex Bancshares in Fort Worth, Texas. Community Bank Holdings,
Anchor State Bank in Anchor, Ill., has a new CEO. The $56.4 million-asset bank announced on LinkedIn that its board
Bankers Helping Bankers, a fintech-focused group affiliated with the Independent Bankers Association of Texas, has a new CEO. Matthew Smith
The Consumer Financial Protection Bureau has filed a lawsuit against Vanderbilt Mortgage and Finance in Maryville, Tenn., alleging risky lending
Reading Co-operative Bank in Reading, Mass., and Wakefield Co-operative Bank in Wakefield, Mass., are planning to merge. The surviving bank
Finastra has a new leader. The U.K. company, which provides financial services software applications, said in a press release that
UKG, a company that focuses on human resources, payroll and workforce management, has hired a veteran banker to lead its
Cogent Bancorp in Orlando, Fla., has raised nearly $6.6 million. The parent of the $1.9 billion-asset Cogent Bank completed a
KeyCorp in Cleveland granted five executives, including CEO Chris Gorman, a total of $16.7 million in performance-based equity awards that
The Peoples Savings Bank in Urbana, Ohio, has a new CEO. The $159.8 million-asset bank said in a press release
Bogota Financial in Teaneck, N.J., used proceeds from a sale-leaseback transaction to offset the costs of selling underwater securities. The
Great Southern Bank in Meridian, Miss., has a new CEO. The $338 million-asset bank also named Steven Cooksey to serve
Amerant Bancorp in Coral Gables, Fla., sold a portfolio of mortgages at a $12.6 million loss. The company disclosed in
MVB Financial in Fairmont, W.Va., entered into a sale-leaseback transaction tied to four properties. The company disclosed in a regulatory
Honesdale National Bank in Honesdale, Pa., has a new leader. The $1 billion-asset bank posted on its website that Kate
Gesa Credit Union in Richland, Wash., has created a digital bank for military veterans. The credit union said in a
Employer.com, a human resources firm, bought Bench Accounting days after the fintech's shutdown. Employer.com said in a press release that
Patriot National Bancorp in Stamford, Conn., has hired Steven Sugarman as its president. The company, which had recently announced a
Hawaiian Electric Industries sold a 90.1% stake in American Savings Bank in Honolulu to a group of investors. The stake
Taylor Bank in Berlin, Md., has a new CEO. The $1 billion-asset bank said in a post on its website
Community Bancorp in Derby, Vt., has a new CEO. The company said in a press release that Christopher Caldwell will
Atlanta Postal Credit Union and Affinity Bank in Covington, Ga., have called off their planned merger. The credit union agreed
Zeal Credit Union in Livonia, Mich., has agreed to buy Gegebic Range Bank in Ironwood, Mich. The $839 million-asset Zeal
First Carolina Financial Services in Rocky Mount, N.C., has raised $45.4 million. The $3.2 billion-asset company sold common stock through
Skowhegan Savings Bank in Skowhegan, Maine, will soon have a new leader. Dan Tilton was named the $850 million-asset bank's
First Keystone in Berwick, Pa., will enter 2025 with new leadership. The $1.4 billion-asset company disclosed in a regulatory filing
HomeStreet in Seattle will sell nearly $1 billion of multifamily loans to Bank of America. The $9.4 billion-asset company, which
Arrow Financial in Glen Falls, N.Y., again restructured its securities portfolio. The $4.4 billion-asset company disclosed in a regulatory filing
First International Bank & Trust in Watford City, N.D., will have a new CEO with a familiar last name. The
The Consumer Financial Protection Bureau has filed a lawsuit against Bank of America, JPMorgan Chase and Wells Fargo, along with
Fortuna Bank has opened in Grandview Heights, Ohio. The de novo bank officially opened on Dec. 9, according to the
Norwood Financial in Honesdale, Pa., raised $29.9 million from selling common stock. The $2.3 billion-asset company said in a press
Coastal Federal Credit Union in Raleigh, N.C., and Truliant Federal Credit Union in Winston-Salem, N.C., have formed a credit union
GTSB Financial in Traverse City, Mich., which recently bought a bank, raised $19.7 million by selling common stock. GTSB, which
Lineage Financial Network in Franklin, Tenn., is dealing with an enforcement action from the Federal Reserve. The Fed issued a
TCM Bank, the credit card bank of the Independent Community Bankers of America, has a new president. The bank said
Huntington Bancshares in Columbus, Ohio, restructured its securities portfolio. The company disclosed in a regulatory filing that it sold about
Hanscom Federal Credit Union in Littleton, Mass., has agreed to buy Peoples Bank in Chestertown, Md. The $1.9 billion-asset Hanscom
Washington Trust Bancorp in Westerly, R.I., which recently raised capital, repositioned its balance sheet in a move that will lead
RBB Bancorp in Los Angeles has set the stage for a new CEO. The $4 billion-asset company said in a
The Office of the Comptroller of the Currency issued a new cease-and-desist order to USAA Federal Savings Bank that limits
National Bank Holdings in Denver repositioned its securities portfolio. The $10 billion-asset company said in a press release that it
First Commonwealth Financial in Indiana, Pa., has agreed to buy CenterGroup Financial in Cincinnati. The $12 billion-asset First Commonwealth said
The Savings Bank in Wakefield, Mass., will have a new leader in 2025. The $821 million-asset bank said in a
First Guaranty Bancshares in Hammond, La., slashed its quarterly cash dividend to a penny. The $3.9 billion-asset company's previous dividend
Lenders Cooperative in Mechanicsburg, Pa., and Ventures Lending Technologies in San Diego are planning to merge. Lenders Cooperative provides integrated
Vista Bank in Dallas has agreed to sell seven branches in rural markets to First United Bank in Dimmitt, Texas.
Dream Chasers Capital continues to pressure Carver Bancorp after the New York company narrowly prevailed in a proxy battle with
Northwest Bancshares in Columbus, Ohio, has agreed to buy Penns Woods Bancorp in Williamsport, Pa. The $14.4 billion-asset Northwest said
The Independent Community Bankers of America has selected six fintechs for its latest ICBA ThinkTECH Accelerator Program. Participating fintechs will
Marathon Bancorp in Wausau, Wis., plans to convert from a mutual to a stock holding company. The $217 million-asset company
Flagstar Financial in Hicksville, N.Y., is ending 2024 with its third chief financial officer of this year. The $114.4 billion-asset
Berkshire Hills Bancorp in Boston has agreed to buy Brookline Bancorp in Boston. The $11.6 billion-asset Berkshire said in a
Carver Bancorp in New York narrowly prevailed in a proxy battle with an activist investor. The company disclosed in a
Heritage Bancshares in Topeka, Kan., has agreed to buy Fidelity Kansas Bancshares in Topeka. The parent of the $135 million-asset
Mantl, a fintech that offers account origination solutions, will add consumer and business loan origination technology to its platform. Mantl
Washington Trust Bancorp in Westerly, R.I., and Flusing Financial in Uniondale, N.Y., are selling common stock. The $7.1 billion-asset company
Global Federal Credit Union in Anchorage, Alaska, has pushed back the timeline for buying First Financial Bank Northwest in Renton,
Dime Community Bancshares in Hauppauge, N.Y., which recently raised capital, repositioned its securities portfolio and began winding down its pension
Farmers and Merchants Bank in Boswell, Ind., will soon have a new president. The $200 million-asset bank said in a
The Consumer Financial Protection Bureau is exempting smaller banks from a final rule capping overdraft fees. The CFPB's final rule
Solutions Plus Bank, a de novo proposed for Albertville, Ala., has secured conditional approval from the Federal Deposit Insurance Corp.
Coastal Financial in Everett, Wash., and Financial Institutions in Warsaw, N.Y., are raising capital by selling common stock. The $4.1
Valley National Bancorp in New York announces that its president plans to retire next year. The $62 billion-asset company said
First State Bank Southwest in Worthington, Minn., announced its CEO's retirement. Greg Raymo, who will remain a bank director, had
Sallie Krawcheck is stepping down as CEO of Ellevest to address a health problem. Krawcheck, a banking veteran who had
Old National Bancorp in Evansville, Ind., is playing a leading role in an effort to form a de novo bank
Patriot National Bancorp in Stamford, Conn., is exploring strategic initiatives, including its possible sale. The $974.1 million-asset company disclosed in
First Hawaiian in Honolulu restructured its securities portfolio. The company said in a press release that it sold $293 million
Carter Bankshares in Martinsville, Va., has agreed to buy deposits in North Carolina from First Reliance Bancshares in Florence, S.C.
Central Ohio Bancorp in Waverly has raised capital. The parent of the $229 million-asset First National Bank of Waverly brought
Northeast Bank in Portland, Maine, is raising $75 million by selling common stock. The $3.9 billion-asset bank said in a
Independent Bank Corp. in Rockland, Mass., has agreed to buy Enterprise Bancorp in Lowell, Mass. The $20 billion-asset Independent said
The Consumer Financial Protection Bureau has filed a lawsuit against Comerica for alleged deficiencies related to the Dallas company's administration
Altos Bank has opened in Los Altos, Calif. The de novo opened on Nov. 25, according to the Federal Deposit
Elemi Bank, a de novo proposed for Encino, Calif., has secured conditional approval from the Federal Deposit Insurance Corp. The
Fiserv CEO Frank Bisignano was selected by President-elect Donald Trump to serve as commissioner of the Social Security Administration. Bisignano,
Columbia Financial in Fair Lawn, N.J. has repositioned its balance sheet at a pretax loss of about $38 million. The
The Clearing House will increase the individual transaction limit for the RTP Network from $1 million to $10 million. The
Associated Banc-Corp in Green Bay, Wis., will report a net loss in the fourth quarter after repositioning its securities portfolio
Lake Shore Bancorp in Dunkirk, N.Y., has been freed from a regulatory order. The $698 million-asset company said in a
BankTech Ventures has invested in SOLO, a data collection platform. BankTech Ventures said in a press release that SOLO’s platform enables
Equity Bancshares in Wichita, Kan., is selling $80 million by selling common stock. The company said in a press release
Valley National Bancorp in New York sold $925 million of commercial real estate loans at a loss. The $62 billion-asset
First National Bank of Omaha in Nebraska has shut down mobile banking platform Milli Bank. The $31.5 billion-asset bank closed
United Community Banks in Greenville, S.C., has agreed to buy ANB Holdings in Oakland Park, Fla. The $27.4 billion-asset United
Lumin Digital, a cloud-native digital banking provider in San Ramon, Calif., raised more than $160 million in equity financing. Lumin
Fleur Capital has agreed to buy Simmesport State Bank in Simmesport, La. Fleur, led by Spirit of Texas Bank President
Shareholders of IF Bancorp backed a nonbinding proposal calling for the sale of the Watseka, Ill., company. The $893 million-asset
Horizon Bancorp in Michigan City, Ind., disclosed that a plan to sell its mortgage warehouse business has fallen through. The
Old National Bancorp in Evansville, Ind., has agreed to buy Bremer Financial in St. Paul, Minn. The $54 billion-asset Old
Island Federal Credit Union in Hauppauge, N.Y., has added some permanency to its leadership. The credit union said in a
Scott Kavanaugh is retiring as CEO of First Foundation in Dallas. The $13.6 billion-asset company said in a press release
Union Bankshares in Morrisville, Vt., has implemented a 20-year term limit for its directors. The $1.5 billion-asset company disclosed in
The Federal Reserve has barred the former CEO of the failed Heartland Tri-State Bank from future participation in the banking
The Office of the Comptroller of the Currency has issued a cease-and-desist order to Clear Fork Bank in Albany, Texas,
Clarion County Community Bank in Clarion, Pa., has new leadership. The $230 million-asset bank said that Travis Heiser had become
Capital City Bank Group in Tallahassee, Fla., will take over full ownership of Capital City Home Loans. The $4.2 billion-asset
Bethpage Federal Credit Union in Bethpage, N.Y., is rebranding as FourLeaf Federal Credit Union. The $13.4 billion-asset credit union aid
Moody’s in New York has acquired loan-origination platform Numerated Growth Technologies for an undisclosed amount. Moody's said in a press
Robinhood Markets has agreed to buy TradePMR, a custodial and portfolio management platform for registered investment advisers (RIAs). Robinhood said
The Federal Reserve has issued a new cease-and-desist order to Small Business Bank in Lenexa, Kan. The Fed said the
Industry Bancshares in Industry, Texas, which has been embroiled in a battle with the Office of the Comptroller of the
Martin Gruenberg has set a date for his retirement as chairman of the Federal Deposit Insurance Corp. Gruenberg, in an
FirstSun Capital Bancorp in Denver and HomeStreet in Seattle have terminated their planned merger after failing to secure regulatory approval.
Buckley State Bank in Buckley, Ill., is looking to hire a new president and CEO. The $50 million-asset bank is
PBT Bancshares in McPherson, Kan., has applied to acquire Kanza Financial in Kingman, Kan. PBT, the parent of the $1.2
Associated Banc-Corp in Green Bay, Wis., is raising up to $345 million that could be used to fine-tune its balance
Star One Credit Union in Sunnyvale, Calif., has invested $4.5 million in a new credit union service organization (CUSO) focused
Zeplyn, a software-as-a-service company that streamlines wealth management workflows, has raised $3 million in a funding round led by early-stage
Republic First Bank failed in April largely because of a “dysfunctional” management and board that made it difficult for regulators
Cascade Federal Credit Union in Kent, Wash., turned to the banking industry to recruit its next leader. The $347 million-asset
Axos Financial in San Diego has formed a technology and life sciences banking division after recruiting a banker from City
Insight Credit Union in Winter Springs, Fla., has agreed to a sale-leaseback transaction involving three branches. The credit union sold
Organizers of a proposed New Orleans de novo plan to open the bank as a minority depository institution. The group
Wilson Bank & Trust in Lebanon, Tenn., has agreed to buy a Cookeville, Tenn., branch from F&M Financial in Clarksville,
Farmers Savings Bank in Colesburg, Iowa, has agreed to buy Elgin State Bank in Elgin, Iowa. The $235.5 million-asset Farmers
A former executive at Nano Banc in Irvine, Calif., has been barred from working in the banking industry. The Federal
Malvern Bank in Malvern, Iowa, will soon have a new president. The $216 million-asset bank said in a press release
George Makris Jr. is back at the helm of Simmons First National in Pine Bluff, Ark. The $27.3 billion-asset company
Valley National Bancorp in New York brought in nearly $449 million by selling common stock. The $62 billion-asset company, which
Dime Community Bancshares in Hauppauge, N.Y., is raising $125 million to potentially reposition its balance sheet. The $13.7 billion-asset company
Carver Bancorp in New York is facing a proxy challenge from a big investor. Dream Chasers Capital Group, which owned
Florida’s Office of Financial Regulation placed Alliance Credit Union of Florida in Gainesville into conservatorship. The National Credit Union Administration
DCFU Financial in Dearborn, Mich., has agreed to buy Winter Park National Bank in Winter Park, Fla. The $7 billion-asset
Valley National Bancorp in New York is planning to raise $400 million. The $62 billion-asset company said in a press
Shareholders at Territorial Bancorp have approved the Honolulu company's sale to Hope Bancorp in Los Angeles, thwarting an effort by
Navy Federal Credit Union in Vienna, Va., must pay $95 million to address claims by the Consumer Financial Protection Bureau
Alliant Credit Union in Chicago has a new leader. The $20.3 billion-asset credit union said that Dennis Devine had stepped
A group has applied to form a bank in New Orleans. Organizers submitted an application to the Federal Deposit Insurance
An investor group has completed its purchase of First State Bank of Decatur in Michigan. GTSB Financial said in a
The Consumer Financial Protection Bureau is considering issuing an enforcement action against Capital One Financial in McLean, Va., in connection
Technology firm nCino in Wilmington, N.C., has agreed to buy U.K.-based Software-as-a-Service platform FullCircl. The acquirer said in a press
Franklin Financial Services in Chambersburg, Pa., is looking for a new president and CEO. The $2.2 billion-asset Franklin disclosed in
Sterling Bancorp in Southfield, Mich., chose to sell its bank to EverBank in Jacksonville, Fla., after a group of experienced
Provident Bancorp in Amesbury, Mass., is being investigated by the Securities and Exchange Commission over disclosures it made tied to
Peapack-Gladstone Financial in Bedminster, N.J., is rebranding its bank and wealth management operations under a single name as it looks
First Financial Bank in El Dorado, Ark., will start 2025 with new leadership. The $1.7 billion-asset bank said in a
Security Bank in Springfield, Ill., is planning to convert from a mutual to a stock holding company. The $219.6 million-asset
Northrim BanCorp in Anchorage, Alaska, has acquired Sallyport Commercial Finance. Northrim said in a press release that its deal valued the
Mid Penn Bancorp in Harrisburg, Pa., has agreed to buy William Penn Bancorp. in Bristol, Pa. The $5 billion-asset Mid
Central Pacific Bancorp in Honolulu reported quarterly earnings that included expenses tied to assessing a "strategic opportunity." The $7.4 billion-asset
VyStar Credit Union in Jacksonville, Fla., must pay a $1.5 million civil penalty to address the Consumer Financial Protection Bureau's
HomeStreet in Seattle could look to shed $800 million of multifamily loans if its planned sale to FirstSun Capital Bancorp
Arrow Financial in Glen Falls, N.Y., has acquired an insurance agency. The $4.4 billion-asset company said in a press release
Bank of America in Charlotte, N.C., is in talks with several federal agencies over various aspects of its efforts to
FirstSun Capital Bancorp in Denver and HomeStreet in Seattle are evaluating "an alternative regulatory structure" for their planned merger after
Quaint Oak Bancorp in Southampton, Pa., has agreed to a sale-leaseback transaction with Mountainseed Real Estate Services. The $702 million-asset
Austin Bancorp in Jacksonville, Texas, has agreed to buy Chasewood Bank in Houston. The parent of the $2.8 billion-asset Austin
Casap, a startup created to help banks and fintechs combat first-party fraud, has raised $8.5 million in seed and pre-seed
An investor group aiming to disrupt the sale of Territorial Bancorp to Hope Bancorp in Los Angeles has shared more
First Northwest Bancorp in Port Angeles, Wash., is no longer operating under an enforcement action. The company said in a
The Canadian Digital Governance Council has become the second entity to apply with the Consumer Financial Protection Bureau to become
First Northwest Bancorp in Port Angeles, Wash., is restating its second-quarter results after determining that it had another $6.6 million
Peoples Financial Services in Scranton, Pa., has accelerated its CEO succession plan. The $5.5 billion-asset company said in a press
U & I Financial in Lynwood, Wash., is operating under a written agreement with the Federal Reserve. The Fed disclosed
First Carolina Bank in Rocky Mount, N.C., has agreed to buy BM Technologies in Radnor, Pa. The $3.2 billion-asset bank
Griggsville Bancshares in Griggsville, Ill., has agreed to buy Scott Morgan Bancorp in Bluffs, Ill. The holding company for the
CVB Financial in Ontario, Calif., reported lower quarterly profit after selling some underwater securities. The $15.4 billion-asset company said in
EverBank in Jacksonville, Fla., has agreed to buy the life premium finance division of Primis Bank in McLean, Va. The
Heritage Financial in Olympia, Wash., reported lower quarterly earnings after selling underwater securities and charging off a loan. The $7.2
MidWestOne Financial Group in Iowa City posted a big quarterly loss after repositioning its balance sheet. The $6.6 billion-asset company
Midland States Bancorp in Effingham, Ill., is scaling back in equipment finance and some consumer lending segments. The $7.8 billion-asset
HarborOne Bancorp in Brockton, Mass., reported lower quarterly profit due to an issue with a commercial real estate loan. The $5.8
Valley National in New York is continuing to derisk its balance sheet. The $62.1 billion-asset company said in a press
Pathward Financial in Sioux Falls, S.D., will receive a $1 million advance for its patience with selling its commercial insurance
First Bancorp in Southern Pines, N.C., reported lower quarterly profit as it braces for the potential financial impact of Hurricane
Independent Bank Group in McKinney, Texas, which is in the process of selling itself to SouthState in Winter Haven, Fla., is
Y-12 Federal Credit Union in Oak Ridge, Tenn., has agreed to buy First State Bank of the Southeast in Middlesboro,
The Consumer Financial Protection Bureau hit Goldman Sachs and Apple with $89 million in financial penalties tied to their handling of
Farmers National Banc Corp. in Canfield, Ohio, reported lower quarterly profit after an issue with a commercial credit backed by
First Commerce Bancorp in Lewisburg, Tenn., has agreed to buy Peoples Bank of Middle Tennessee in Shelbyville. The holding company
Informa Group, which operates the Finovate conference series, has acquired Ascential. Ascential is the company behind the annual Money20/20 conference
The Consumer Financial Protection Bureau created an exemption for smaller banks when it comes to the agency's new open banking
Banco Santander has debuted its digital bank in the United States. The Spanish bank launched Openbank, which has been available
Banc of California in Irvine reported a quarterly loss after selling underwater securities. The $33.4 billion-asset company said in a
Citizens Alliance Bank in Clara City, Minn., has agreed to buy Stockmens Bank in Cascade, Mont. The $1.4 billion-asset Citizens
GBank Financial Holdings in Las Vegas raised $20 million from a private placement. The parent of the $1 billion-asset GBank
Atlantic Union Bankshares in Richmond, Va., has agreed to buy Sandy Spring Bancorp in Olney, Md. The $27.5 billion-asset Atlantic
First National Bank of Lindsay in Oklahoma was closed by the Office of the Comptroller of the Currency. The Federal
Business First Bancshares in Baton Rouge, La., has a new bank president. The $6.7 billion-asset company said in a press release
Franklin Financial Services in Chambersburg, Pa., restructured its securities portfolio. The $2 billion-asset company disclosed in a regulatory filing that its
Provident Financial Services in Jersey City, N.J., has settled a lawsuit tied to its overdraft fees. The $24.1 billion-asset company
National Bankshares in Blacksburg, Va., has a new president lined up. The $1.8 billion-asset company said in a press release
Metropolitan Bank Holding in New York reported lower quarterly profit that reflected a reserve designed to address a probe into
New York Community Bancorp in Hicksville is planning to cut about 700 jobs at its bank. The $119.1 billion-asset company
FNB Corp. in Pittsburgh sold a portfolio of indirect auto loans at a loss. The $48 billion-asset FNB said in
Jewel Box Financial Services in Columbus, Wis., has agreed to buy Wisconsin River Bank in Sauk City, Wis. The $505
OceanFirst Financial in Red Bank, N.J., incurred costs in the third quarter after buying a mortgage lender and a finance
Axiom Bank entered into a formal agreement with the Office of the Comptroller of the Currency that flagged the Maitland,
First Liberty National Bancshares in Liberty, Texas, has agreed to buy Coastal Bancshares in Pearland, Texas. The parent of the
Texas Capital Bancshares in Dallas, which reported a quarterly loss after repositioning its securities portfolio and incurring restructuring costs, said
Webster Financial in Stamford, Conn., reported lower quarterly profit after it sold more underwater securities, incurred restructuring expenses and divested
Berkshire Hills Bancorp in Boston sold a portfolio of Upstart-related consumer loans at a loss. The company disclosed in a
Burke & Herbert Financial Services in Alexandria, Va., has fulfilled a pledge for its purchase of Summit Financial Group by
Fairway Independent Mortgage Corp. agreed to pay nearly $10 million to settle redlining claims. The Justice Department and the Consumer
New York Community Bancorp in Hicksville will rebrand as Flagstar Financial. The $119 billion-asset company said in a press release
Lowndes Bancshares in Valdosta, Ga., has acquired FMB Bancshares in Lakeland, Ga. The deal was disclosed by Performance Trust Capital
Border Bancshares in Fargo, N.D., has raised $5.2 million after selling common stock. The holding company for the $953 million-asset
Fieldpoint Private Bank & Trust in Greenwich, Conn., which is operating under a written agreement with the Federal Reserve, raised
FB Financial in Nashville, Tenn., reported lower quarterly profit that reflected its decision to sell underwater securities. The $12.9 billion-asset
National Bank of Arizona in Tucson has a new CEO. The $5 billion-asset bank said in a press release that
Bankwell Financial Group in New Canaan, Conn., said its third-quarter results will be hit by an $8.2 million charge-off. The
Bravera Holdings in Dickinson, N.D., has agreed to buy VISIONBank in Fargo, N.D. The $3.2 billion-asset Bravera said in a
Citadel Federal Credit Union in Exton, Pa., agreed to pay about $6.5 million to address claims that it failed to
Home BancShares in Conway, Ark., added $16.7 million to its loan-loss allowance to cover potential losses from Hurricane Helene. The
An investor in Territorial Bancorp has vowed to vote against the Honolulu company's pending sale to Hope Bancorp in Los
State Bank of Southern Utah in Cedar City will have a new CEO in 2025. The $2.5 billion-asset bank said
Family Savings Credit Union in Rainbow City, Ala., has agreed to buy two branches from Merit Bank in Huntsville, Ala.
MainStreet Bancshares in Fairfax, Va., expects to report a third-quarter loss due to nonperforming loans. The $2.1 billion-asset company said
Georgia Banking Co. in Atlanta has agreed to buy Primary Bancshares in Atlanta. The $2 billion-asset Georgia Banking said in
Jim Reuter's retirement didn't last long. The $30.2 billion-asset First Interstate BancSystem in Billings, Mont., hired Reuter to become its
Hills Bancorp. in Hills, Iowa, will start next year with a new leader. The $4.3 billion-asset company said in a
Isabella Bank Corp. in Mt. Pleasant, Mich., disclosed about $5.6 million in exposure to two customers. The $2.1 billion-asset company
LendingClub in San Francisco and Pagaya Technologies in New York have partnered to buy the intellectual property behind the now-defunct
HAPO Community Credit Union in Richland, Wash., has agreed to buy Community First Bank in Kennewick, Wash. The $2.3 billion-asset
Grasshopper Bank in New York has agreed to buy Auto Club Trust in Dearborn, Mich. The $835 million-asset Grasshopper said
Stryv Bank in Wichita, Kan., has a new president. The $236 million-asset bank said in a press release that Zach
River Run Bancorp in Newburyport, Mass., is planning to merge with Rollstone Bancorp in Fitchburg, Mass. The $2.6 billion-asset River
Discussions between WesBanco in Wheeling, W.Va., and Premier Financial in Defiance, Ohio seemingly began at the Acquire or Be Acquired
NASB Financial in Kansas City, Mo., will have a new leader in 2025. The parent of the $2.8 billion-asset North
The Georgia Department of Banking and Finance approved Fiserv’s application for a special banking charter that gives it direct access
Territorial Bancorp in Honolulu, which is facing pressure from an unsolicited offer, has postponed a shareholder vote for its pending
Education First Federal Credit Union in Beaumont, Texas, has a new CEO. Urjit Patel announced on his LinkedIn account that
OneAZ Credit Union in Phoenix has agreed to buy 1st Bank of Yuma in Arizona. The $3.6 billion-asset credit union
Coastal Financial in Everett, Wash., has a new president for its fintech and Banking-as-a-Service division. The $4 billion-asset company said
CU WealthNext, a credit union-owned fintech, has invested in Concreit, a fractional real estate investing platform. CU WealthNext, which did
TruWest Credit Union in Scottsdale, Ariz., has a new CEO. The $1.8 billion-asset credit union said in a press release
Institutional Shareholder Services has recommended that Territorial Bancorp shareholders reject the Honolulu company's pending sale to Hope Bancorp in Los
Five Rivers Bank, a proposed de novo being formed by a group of Sikh-Americans, has gained conditional approval from the
First Foundation in Dallas has begun the process of purging multifamily loans from its balance sheet. The $13.6 billion-asset company
AmeriNational Community Services in Albert Lea, Minn., received Federal Reserve approval to form a bank holding company so it can
Abri Credit Union in Romeoville, Ill., has a new CEO. The $400 million-asset Abri said in a press release that
Zions Bancorp. in Salt Lake City has agreed to buy four California branches from FirstBank in Lakewood, Colo. Zions' subsidiary
JD Bancshares in Jennings, La., has a president. The $1.2 billion-asset company said in a press release that Paul Brummett
SVB Financial Group in Santa Clara, Calif., sold its investment platform business. The former holding company to Silicon Valley Bank,
CNB Community Bancorp in Hillsdale, Mich., will buy 145,000 shares of its common stock after completing a tender offer. The
Interstate Bank in Perryton, Texas, has a new leader. The $264 million-asset bank said in a press release that Blair
Digital Federal Credit Union in Marlborough, Mass., and First Tech Federal Credit Union in San Jose, Calif., are planning a
Territorial Bancorp in Honolulu doubled down on its commitment to selling itself to Hope Bancorp in Los Angeles despite an
Byline Bancorp in Chicago has agreed to buy First Security Bancorp in Elmwook Park, Ill. The $9.6 billion-asset Byline said
Ponce Financial Group in New York has expanded into Florida. The company said in a press release that it opened
Wells Fargo in San Francisco and Fiserv in Milwaukee are planning to end joint venture Wells Fargo Merchant Services. Fiserv
A pair of credit unions focused on the Ukrainian-American community are planning to merge. The $1.4 billion-asset Self Reliance New
Pathward Financial in Sioux Falls, S.D., and AFS IBEX Financial Services said they remain committed to the sale of Pathward’s
Rhinebeck Bancorp in Poughkeepsie, N.Y., repositioned its securities portfolio. The company said in a press release that it sold $71
MidWestOne Financial Group in Iowa City raised $103.5 million by selling common stock. The company said in a press release that
An investor group has sweetened the pot in its effort to uproot Hope Bancorp’s purchase of Territorial Bancorp in Honolulu.
Orrstown Financial Services in Harrisburg, Pa., disclosed that the successor to its CEO is leaving. The $3.2 billion-asset company said
Amerant Bancorp in Coral Gables, Fla., is looking to raise at least $150 million in capital. The $9.7 billion-asset company
The Financial Data Exchange (FDX) has applied with the Consumer Financial Protection Bureau to become a recognized standard-setting organization to
Mifflinburg Bancorp in Mifflenburg, Pa., has agreed to buy Northumberland Bancorp in Northumberland, Pa. The $567 million-asset Mifflinburg said in
A group planning a bank in California has changed the location of the proposed de novo. Organizers of Elemi Bank
Northeast Bank in Portland, Maine, bought a large loan portfolio. The bank said in a press release that it acquired
ESL Federal Credit Union in Rochester, N.Y., has agreed to buy Generations Bank in Seneca Falls, N.Y. The $9.2 billion-asset
TowneBank in Suffolk, Va., has agreed to buy Village Bank and Trust Financial in Midlothian, Va. The $17.1 billion-asset TowneBank
Chain Bridge Bancorp in McLean, Va., is planning an initial public offering. The holding company for the $1.4 billion-asset Chain
BNY in New York agreed to buy Archer, a company that provides cloud-based software for managed accounts. BNY said it
Liberty Capital Bancshares in Addison, Texas, has agreed to buy Southwestern Bancorp in Boerne, Texas. The transaction between the parent
Silvergate Capital, which voluntarily liquidated its bank, filed for Chapter 11 bankruptcy protection in Delaware. The holding company for the
TD Bank Group in Toronto will have a new CEO in 2025. The company said in a press release that
OceanFirst Financial agreed to settle claims by the Justice Department and the Department of Housing and Urban Development that it
Kentucky First Federal Bancorp in Hazard reported a quarterly loss that reflected a $947,000 goodwill impairment charge. The $375 million-asset
Carver Bancorp in New York has a new leader. The company said in a press release that Donald Felix will
Financial Institutions in Warsaw, N.Y., is shutting down its Banking-as-a-Service platform. The $6.1 billion-asset holding company for Five Star Bank
Tom O’Brien has turned around and sold another bank. EverBank in Jacksonville, Fla., agreed to buy Sterling Bank and Trust
The Idaho Bankers Association has a new leader. The association announced on LinkedIn that Stacey Satterlee had become its president
The Wisconsin Credit Union League has its next president and CEO lined up. The association said in a press release
Organizers of a proposed community bank in California have received conditional approval from the Federal Deposit Insurance Corp. The proposed
Primis Financial in McLean, Va., plans to restate more financial results to address accounting issues. The $3.9 billion-asset company disclosed
Mountain America Credit Union in Sandy, Utah, has agreed to sell its branches in Albuquerque, N.M., to Sandia Laboratory Federal
Navient, a loan servicing company based in Delaware, will pay $120 million in fines and be prohibited from most of
A group represented by veteran banker Allan Landon made an unsolicited bid to buy Territorial Bancorp in Honolulu. The $18.1
Wells Fargo is operating under a formal agreement with the Office of the Comptroller of the Currency that requires the
Fieldpoint Private Bank & Trust agreed to a written agreement with regulators that requires the Greenwich, Conn., bank to improve
Capitol National Bank in Lansing, Mich., has a new president. The $192.5 million-asset bank said in a press release that
TD Bank was ordered by the Consumer Financial Protection Bureau to pay $28 million for sharing inaccurate customer data with
Warsaw Federal Savings & Loan in Cincinnati raised $5 million as part of a plan to become a minority depository institution.
MountainSeed Real Estate Services entered into a sale-leaseback transaction with 1st Federal Savings Bank of SC in Walterboro. The $164
National Bank Holdings in Denver has a new president. The $9.97 billion-asset company said in a press release that Aldis
Camden National in Camden, Maine, has agreed to buy Northway Financial in North Conway, N.H. The $5.7 billion-asset Camden National
Huntington Bancshares in Columbus, Ohio, is planning a major push into the Carolinas and into corporate mortgage finance. The $196
Simone Lagomarsino is taking on even more responsibility at First Foundation in Dallas. The $13.6 billion-asset company disclosed in a
NBT Bancorp in Norwich, N.Y., has agreed to buy Evans Bancorp in Williamsville, N.Y. The $13.5 billion-asset NBT said in
KeyCorp in Cleveland repositioned its balance sheet. The company, which recently agreed to sell a big stake in itself to
Customers Bancorp in West Reading, Pa., which was recently hit with an enforcement action, has a new chief risk officer.
Texas Capital Bancshares in Dallas continues to reshape its balance sheet. The $29.9 billion-asset company said in a press release
QCR Holdings in Moline, Ill., will stop offering new loans and leases through its equipment finance business. The $8.9 billion-asset
Builtwell Bancorp in Chattanooga, Tenn., has agreed to buy Bradley County Financial in Cleveland, Tenn. The $1.8 billion-asset parent of
ConnectOne Bancorp in Englewood Cliffs, N.J., has agreed to buy The First of Long Island in Melville, N.Y. The $9.7
REV Federal Credit Union in Summerville, S.C., has agreed to buy First Neighborhood Bank in Spencer, W.Va. The $1.1 billion-asset
Patrick Harker will step down as president of the Federal Reserve Bank of Philadelphia next year. Harker, who has held
United Texas Bank in Dallas is working under a cease-and-desist order after a Federal Reserve examination found “significant deficiencies” tied
Huntington Bancshares in Columbus, Ohio, has agreed to a 20-year sponsorship deal that included naming rights to the Cleveland Browns
Four States Bank in Carthage, Mo., has opened. The de novo raised the required $23.5 million in initial capital and
United Community Banks in Greenville, S.C., sold most of its manufactured housing portfolio. The $27.1 billion-asset company said in press
Arrha Credit Union in Springfield, Mass., has applied to merge into Pittsfield Cooperative Bank in Pittsfield, Mass. The National Credit
Gallatin Point Capital bought a roughly 15% stake in Israel Discount Bank in New York. Gallatin paid about $150 million
Mutual Federal Bancorp and Pulaski Savings Bank are planning to merge. The $99.8 million-asset Mutual Federal expects to absorb the
Fulton Financial in Lancaster, Pa., plans to lay off 111 people in conjunction with recently announced branch closings. The $31.8
Georgia Heritage Federal Credit Union in Savannah has a new leader. The $149 million-asset credit union said in a press
Pathward Financial in Sioux Falls, S.D., has agreed to sell its commercial insurance premium finance business to AFS IBEX Financial
Bridgewater Bancshares in St. Louis Park, Minn., has agreed to buy First Minnetonka City Bank in Minnetonka, Minn. The $3.7
Northwest Federal Credit Union in Washington, D.C., has acquired the naming rights for the Washington Commanders stadium. The $4.6 billion-asset
Regulators approved an application by OakNorth Bank Plc in London to open a representative office in New York. The office
Mutual Savings and Loan Association in Metairie, La., plans to raise up to $8.2 million by converting to a stock-owned
Linker Finance, a Pasadena, Calif., company that offers mobile and online banking services to community banks, raised $3.7 million in
The Federal Deposit Insurance Corp. has given conditional approval to another proposed Florida bank. Organizers of the planned Gala Bank
First Busey in Champaign, Ill., has agreed to buy CrossFirst Bankshares in Leawood, Kan. The $12 billion-asset First Busey said
Happy Money, which provides unsecured lending services to credit unions, has a new CEO. The company said in a press
Old Second Bancorp in Aurora, Ill., has agreed to buy five Chicago-area branches from First Merchants in Muncie, Ind. The
La Plata Bancshares in Hereford, Texas, raised $10.9 million. The $283 million-asset company completed a private placement of common stock
Merchants & Marine Bancorp in Pascagoula, Miss., has hired a veteran banker to serve as brand president and CEO of
A group in Albertville, Ala., has applied to form a new bank. Organizers are planning Solutions Plus Bank, according to
Columbia Financial in Fair Lawn, N.J., is planning to merge its banks. The $10.8 billion-asset company said in a press
OP Bancorp in Los Angeles will have a new CEO next year. The $2.3 billion-asset company said in a press
RBB Bancorp in Los Angeles has been freed from an October 2023 consent order. The $3.9 billion-asset company and
TD Bank Group in Toronto has reduced its stake in Charles Schwab Corp. as it looks to offset costs tied
U.S. Bancorp in Minneapolis has acquired healthcare fintech Salucro Healthcare Solutions in Tempe, Ariz. The $680.1 billion-asset U.S. Bancorp said
The Virginia Association of Community Banks has a new leader. The association said in a press release that Corey Connors
Cornerstone Bank in York, Neb., has agreed to buy Bank of Orchard in Nebraska. The $2.7 billion-asset Cornerstone said in
Organizers of a proposed community bank in California have received conditional approval from the California Department of Financial Protection and
PCB Financial in Costa Mesa, Calif., has acquired Northern California Bancorp in Monterey. PCB, a group formed for the purpose
U.S. Bancorp in Minneapolis has created a strategic partnership to offer co-branded products to Edward Jones clients. The $680.1 billion-asset
Wells Fargo in San Francisco has agreed to sell the non-agency third-party servicing segment of its commercial mortgage servicing business
Industry Bancshares in Industry, Texas, which has been embroiled in a battle with one of its regulators, is being recapitalized.
A proposed bank in Miami has received conditional approval from the Federal Deposit Insurance Corp. Organizers of BankMiami must raise
The former CEO of the failed Heartland Tri-State Bank has been sentenced to over 24 years in prison. The U.S.
U.S. Eagle Federal Credit Union in Albuquerque, N.M., has agreed to buy Southwest Capital Bank in Albuquerque. The $1.5 billion-asset
Monzo has hired one of its advisers to run its U.S. bank. The U.K. neobank said that Carol Nelson will
Freedom Bancshares in Belington, W.Va., and Appalachian Financial in Philippi, W.Va., have filed the application for their planned merger of
Spokane Teachers Credit Union in Washington has agreed to buy Community Bank in Joseph, Ore. The $6.4 billion-asset STCU said
SB Financial Group in Defiance, Ohio, has agreed to buy Marblehead Bancorp in Marblehead, Ohio. The $1.3 billion-asset SB
KeyCorp in Cleveland agreed to sell a 14.9% stake in itself to The Bank of Nova Scotia for about $2.8
Customers Bancorp in West Reading, Pa., which just received an enforcement action requiring it to improve Bank Secrecy Act and
Avadian Credit Union in Hoover, Ala., has a new leader lined up. The $1.3 billion-asset credit union said in a
TCM Bank in Tampa, Fla., announced that its CEO had resigned. The $325 million-asset bank, a unit of ICBA Payments,
City National Bank of Florida in Miami has created a national capital markets group. The $26.1 billion-asset bank said in
CRB Group in Fort Lee, N.J., has added three directors. The parent of the $8.9 billion-asset Cross River Bank said
Texas Capital Bancshares in Dallas has created a new private credit division. The $29.1 billion-asset company said in a press
Customers Bancorp in West Reading, Pa., must improve its risk management practices for its digital asset strategy under a written
Truist Financial in Charlotte, N.C., reached a seven-year agreement to become the title sponsor of the PGA Tour’s golf tournament
Security Bancshares in Paris, Tenn., has agreed to buy Bancshares of Ripley in Ripley, Tenn. Security is the $1.2 billion-asset
Berco in Salina, Kan., has agreed to buy New Millennium Bankshares in Topeka, Kan. Berco, the parent of the $994
Orrstown Financial Services in Harrisburg, Pa., plans to close six branches in Pennsylvania and Maryland. The $2.2 billion-asset company said
The Federal Deposit Insurance Corp. has given conditional approval for a de novo bank planned in White Plains, N.Y. Organizers
Optus Bank in Columbia, S.C., has a new president. The black-owned bank said in a press release that Benita Lefft
Arcadia Federal Credit Union in Fort Kent, Maine, will have a new leader next year. The $365 million-asset credit union
Van Wert Federal Savings Bank in Van Wert, Ohio, has a new name. VWF Bancorp, the bank’s $271 million-asset
Totem Technologies, a challenger bank focused on the Native American community, has shut down. Amber Buker, the company’s founder and
The Mission Driven Bank Fund in Cleveland, which recently raised $65 million, has invested in two community banks. The fund
Pendleton Community Bank in Franklin, W.Va., has a new president. The $764 million-asset bank said in a press release that
Zeal Credit Union in Livonia, Mich., has invested in fintech CU WealthNext. The $824 million-asset credit union did not disclose
Star Bank in Maple Lake, Minn., has a new CEO following the death of its founder. The $390.1 million-asset unit
Peoples Bancorp of North Carolina in Newton has lined up its next leader. The $1.6 billion-asset company said in
Mid-Atlantic Federal Credit Union in Germantown, Md., will soon have a new CEO. The $425 million-asset credit union said in
The parent company of American Savings Bank is considering strategic options for the Honolulu bank. The $9.3 billion-asset bank lost
Payments firm Stripe bought Lemon Squeezy, a Salt Lake City digital sales software company. Lemon Squeezy, which helps merchants sell
NATCOM Bancshares in Superior, Wis., has agreed to buy Great River Holding Co. in Baxter, Minn. NATCOM, the parent of
MVB Financial in Fairmont, W.Va., began the process of shutting down its digital asset program. The $3.3 billion-asset company said
German American Bancorp in Jasper, Ind., has agreed to buy Heartland BancCorp in Whitehall, Ohio. The $6.2 billion-asset German
Renasant in Tupelo, Miss., has agreed to buy The First Bancshares in Hattiesburg, Miss. The $17 billion-asset Renasant said in
First Foundation in Dallas plans to unload more than $1 billion of multifamily loans as part of its overhaul. The
WesBanco in Wheeling, W.Va., has agreed to buy Premier Financial in Defiance, Ohio. The $18.1 billion-asset WesBanco said in a
First Northwest Bancorp in Port Angeles, Wash., had a noisy second quarter that included a balance sheet restructuring, a sale-leaseback
New York Community Bancorp in Hicksville reported another quarterly loss and announced plans to sell its residential mortgage servicing business
Kearny Financial in Fairfield, N.J., reported a quarterly loss after recording a $95.3 million goodwill impairment charge. The $7.7 billion-asset
ChoiceOne Financial Services in Sparta, Mich., has agreed to buy Fentura Financial in Fenton, Mich. The $2.6 billion-asset ChoiceOne said
Eagle Bancorp in Bethesda, Md., recorded a large quarterly loss after taking a goodwill impairment charge. The $11.3 billion-asset company
Time Bank in Park Ridge, Ill., has agreed to buy Northwest Investment Corp. in Davenport, Iowa. The $470 million-asset Time
CIB Marine Bancshares in Champaign, Ill., has completed a sale-leaseback transaction for three branches. The $889 million-asset company sold the
Fremont Bank in Fremont, Calif., will soon have a new president. The $5.9 billion-asset bank said in a press release
First Guaranty Bancshares in Hammond, La., laid off about 15% of its employees and cut its dividend in half as
The planned Fortuna Bank is targeting a fall opening after meeting its capital requirement. The proposed Grandview Heights, Ohio, de
The Treasury Department has informed Comerica that the Dallas company could lose a lucrative Direct Express government contract. As the
ACNB in Gettysburg, Pa., has agreed to buy Traditions Bancorp in York, Pa. The $2.5 billion-asset ACNB said in
KKR has agreed to buy investment bank Janney Montgomery Scott from Penn Mutual Life Insurance. Janney, which has more than
Arrow Financial in Glen Falls, N.Y., is planning to merge its two banks under a new brand. The $4.2 billion-asset
The City of Boston Credit Union has a new CEO. The $585 million-asset credit union said in a press release
BayFirst Financial in St. Petersburg, Fla., is expanding into healthcare lending after hiring a veteran banker. The $1.1 billion-asset bank
BCB Bancorp in Bayonne, N.J., reported lower quarterly earnings after selling loans. The $3.8 billion-asset company’s second-quarter earnings fell by
FS Bancorp in Mountlake Terrace, Wash., has a new president. The $3 billion-asset company said in a press release that
Generations Bancorp NY in Seneca Falls has entered into a written agreement with the Office of the Comptroller of the
Green Dot in Austin, Texas, was fined $44 million by the Federal Reserve to address consumer compliance breakdowns tied to
Bank of Hawaii in Honolulu has a new president. The company disclosed in a regulatory filing that James Polk
Fulton Financial in Lancaster, Pa., plans to close 13 branches in Pennsylvania and New Jersey. The company disclosed in a
Synovus Financial in Columbus, Ga., posted a net loss in the second quarter after purging its securities portfolio. The $60
A mortgage banking veteran has agreed to buy Greenwoods Financial Group in Lake Mills, Wis. The $575 million-asset parent of
Discover Financial Services in Riverwoods, Ill., has agreed to sell its private student loan portfolio to strategic partnerships that involve
Capital One Financial Group in McLean, Va., has pledged $265 billion over the next five years to support underserved markets
Firstbanc of Alabama in Talladega has agreed to a sale-leaseback transaction with MountainSeed Real Estate Services. The parent of the
Currency Bank in Oak Grove, La., has a new president and CEO. Scott Gaudin announced on his LinkedIn page that
VersaBank named a president for its new U.S. bank. The Canadian bank said in a press release that Tel Matrundola
Country Bank for Savings in Ware, Mass., will have a new CEO. The $1.9 billion-asset bank said in a press
TD Bank has agreed to a three-year, $20 billion community impact plan. The bank said in a press release that
Citigroup will pay a total of $136 million for not moving quickly enough to address four-year-old consent orders that require
The Mission Driven Bank Fund has completed its second close after raising $65 million. The Cleveland fund, which invests in
A de novo bank planned in Miami has received approval from its state regulator. Florida’s Office of Financial Regulation has
Amalgamated Bank of Chicago has rebranded as ABOC as part of a plan to expand beyond its home market. The $1.1
Forbright Bank in Potomac, Md., which was recently hit with a consent order, had its Community Reinvestment Act rating downgraded
Fifth Third Bancorp in Cincinnati will pay $15 million to settle a lawsuit from the Consumer Financial Protection Bureau tied
Alabama ONE Credit Union in Tuscaloosa has a new CEO. The $1.2 billion-asset credit union said in a press release
Greenwood’s Financial Group in Lake Mills, Wis., raised $10 million in capital.The parent of the $547 million-asset Greenwood’s Savings Bank
Piedmont Bancorp in Peachtree Corners, Ga., tried several times to find a buyer before agreeing to be sold to United
Murphy-Wall State Bank and Trust in Pinckneyville, Ill., has agreed to buy Oakdale State Bank in Oakdale, Ill. Murphy-Wall Bancorp,
The Bank of North Dakota in Bismarck has a new CEO. The North Dakota Industrial Commission also named Don Morgan
Renasant in Tupelo, Miss., has sold its insurance agency to Sunstar Insurance Group. The $17.3 billion-asset company said in a
First Foundation in Dallas is raising $228 million in a deal that will allow it to lower its concentration of
Bankwell Financial Group in New Canaan, Conn., is bracing for a $6.6 million hit tied to a nonperforming commercial loan.
New York Community Bancorp in Hicksville is planning a reverse stock split. The $113 billion-asset company said in a press
Silvergate Capital in La Jolla, Calif., and its bank will pay $63 million in penalties to settle claims it misled
Amerant Bancorp in Coral Gables, Fla., shared more information on the pending sale of its Houston operations. The $9.8 billion-asset
Southern Bankshares in Claxton, Ga., which was sold to an investor group last year, raised $19.1 million through a private
Merger talks between SouthState in Winter Haven, Fla., and Independent Bank Group in McKinney, Texas, were briefly halted in February
Patelco Credit Union in Dublin, Calif., had to shut down some day-to-day banking systems in response to a cyberattack. The
Webster Financial in Stamford, Conn., and Marathon Asset Management in New York have formed a private credit joint venture. The
Brazilian investment bank BTG Pactual has agreed to buy M.Y. Safra Bank in New York. BTG Pactual did not disclose
Thumb Bancorp in Pigeon, Mich., has agreed to buy Freeland State Bank in Freeland, Mich. The $617.1 million-asset Thumb will
Thread Bank in Rogersville, Tenn., has been dealt an enforcement by the Federal Deposit Insurance Corp. The $723 million-asset bank’s
First Kentucky Bank in Mayfield didn’t have to look too far to find its next CEO. The $575 million-asset said
Ion Financial in Naugatuck, Conn., and NVE Bancorp in Englewood, N.J., have agreed to merge. The mutual holding companies said
Chime in San Francisco has acquired Salt Labs, which provides incentive programs for businesses and employee rewards. The Salt Labs
The Bank of North Dakota, the only state-owned bank in the U.S., is looking for a new leader. Todd Steinwand
Hustisford State Bank in Wisconsin has a new CEO. The $80 million-asset bank said in a press release that Tanya
Merchants National Bank in Hillsboro, Ohio, has a new president. The $1.3 billion-asset bank said in a press release that
Bank Midwest in Spirit Lake, Iowa, has formed a digital bank to focus on the healthcare industry. The $1.3 billion-asset
Evolve Bancorp in West Memphis, Ark., confirmed that it was the victim of a cyberattack. The $1.6 billion-asset company, which
United Fidelity Bank in Evansville, Ind., and its parent companies are now operating under a cease-and-desist order from the Federal
Funding Circle has agreed to sell its U.S. business to iBusiness Funding, a unit of Ready Capital. The U.K. company
Heritage Financial in Olympia, Wash., will soon have a new president. The $7.1 billion-asset company said in a press release
The Office of the Comptroller of the Currency wants to expand its guidelines for recovery planning standards to more banks.
PeoplesBancorp in Holyoke, Mass., and SSB Community Bancorp in Spencer, Mass., have agreed to merge their mutual holding companies. PeoplesBancorp
General Motors Financial has withdrawn its application to form an industrial bank and receive deposit insurance. The captive finance unit
Greenback Fincorp in Austin, Texas, raised $2 million through a private placement. Greenback, the holding company for the $310 million-asset
The Federal Deposit Insurance Corp. approved a plan by Thrivent Financial for Lutherans to obtain deposit insurance and merge its
Riverview Bancorp in Vancouver, Wash., will soon have a new CEO. The $1.5 billion-asset company said in a press release
Community Partners Savings Bank in Salem, Ill., has agreed to buy Guardian Savings Bank in Granite City, Ill. The $249
Momnt, an Atlanta fintech that specializes in real-time lending and payment solutions, has a new CEO. The fintech said in
The Federal Deposit Insurance Corp. approved a proposal that adjusts how banks submit resolution plans. The FDIC created two tiers
Citigroup has invested in commercial lending platform Numerated. Citi will also engage Numerated to provide a financial spreading solution for
That didn’t last long. Apple announced that it is abandoning Apple Pay Later roughly a year after introducing the program.
Unit is laying off 15% of its staff. Itai Damti, the embedded finance fintech’s co-founder and CEO, announced the cuts
MC Bancshares in Morgan City, La., and Heritage NOLA Bancorp in Covington, La., have called off their planned merger. The
ABCT Holdings in Woodway, Texas, raised $3.1 million through a private placement. The parent company of the $954 million-asset Alliance
An eleventh-hour offer by an unnamed bank failed to sway the board of Oakwood Bancshares in Oakwood, Texas, from agreeing
VersaBank in Ontario, Canada, received approval from the Office of the Comptroller of the Currency to buy Stearns Bank Holdingford
Evolve Bancorp in West Memphis, Ark., which is embroiled in legal wrangling tied to the bankruptcy of Banking-as-a-Service middleware firm
First Interstate BancSystem in Billings, Mont., has begun a search for its next CEO. The $30 billion-asset company said in
AmeriServ Financial in Johnstown, Pa., has reached a truce in a longstanding battle with an activist investor. The $1.4
Monroe Federal Savings and Loan Association in Kipp City, Ohio, is planning to convert to a stock-owned company. The $155
Blue Ridge Bankshares in Charlottesville, Va., is bringing in a little more capital after selling shares to a long-time investor.
InScope, an automated financial reporting fintech, has raised $4.3 million in a seed capital round. The round was led by
First Hope Bank in Hope, N.J., has a new CEO. The $629 million-asset bank said in a press release that
Dallas Capital Bank has a new president. The $1.1 billion-asset bank said in a press release that Jason Matthews, its
The Bank of New Glarus in Wisconsin has acquired First National Bank at Darlington in Wisconsin. The $492 million-asset Bank
Bank of New York Mellon is embracing a shorter brand name. The $435 billion-asset company plans to rebrand as BNY,
Provident Financial Services in Iselin, N.J., will close nearly 15% of its branches following its purchase of Lakeland Bancorp in
The proposed Four States Bank in Carthage, Mo., has received conditional regulatory approval. Jeffrey Williams, the proposed bank’s president and
VersaBank in Ontario, Canada, has received Federal Reserve approval to buy Stearns Bank Holdingford in Minnesota. The $3.3 billion-asset VersaBank
Enterprise Bancorp in Lowell, Mass., has a new leader. The $4.6 billion-asset company said in a press release that Steven
Organizers of the proposed Fortuna Bank in Grandview Heights, Ohio, are close to opening. The group behind the effort said
Torpago, a commercial credit card and spend management provider, raised $10 million in a Series B funding round. The San
R Bank in Round Rock, Texas, has a new leader. The $1 billion-asset bank said in a press release that
First State Bank in Lynnville, Iowa, has agreed to buy a branch from Capra Bank in Dubuque, Iowa. The $331
Haven Savings Bank in Hoboken, N.J., will have new leadership next year. The $1.1 billion-asset bank said in a press
An investor group has completed its purchase of two banks in Texas. Patrons Holdings agreed last year to buy Eden
BankTech Ventures in Sandy, Utah, has invested in three fintechs. The fund said in a press release that it had
Joseph Otting has added another title at New York Community Bancorp in Hicksville. The $112.9 billion-asset company said in a
D.L. Evans Bank in Burley, Idaho, has agreed to buy a branch in Ketchum, Idaho from First Interstate BancSystem in
ELGA Credit Union in Grand Blanc, Mich., has agreed to buy Marine Bank & Trust in Vero Beach, Fla. The
Seacoast Banking Corp. of Florida in Stuart added a banking veteran to its board. The $14.8 billion-asset company disclosed in
German American Bancorp in Jasper, Ind., has sold its insurance business. The $6.1 billion-asset company said in a press release
The Independent Community Bankers of America tapped an industry veteran to lead its payments services subsidiary. The ICBA said in
Atlanta Postal Credit Union has agreed to buy Affinity Bank in Covington, Ga. The $2.5 billion-asset credit union said in
Merrick Bank in South Jordan, Utah, bought about $500 million of home improvement loan participations from GreenSky Holdings. CardWorks, the
First National Bank & Trust of Okmulgee has rebranded as Patrons Bank. The bank said in a press release that
Savings Bank of Danbury in Connecticut has rebranded. The $1.6 billion-asset bank said in a press release that will now
First Keystone in Berwick, Pa., disclosed that it will record a $19.1 million goodwill impairment charge in the second quarter.
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