CCBank in Pleasant Grove, Utah, and its mortgage subsidiary are rebranding. The bank and Security Home Mortgage will rebrand as Accordia Bank and Accordia Mortgage. The change "is a strategic marketing and brand decision driven by ... significant growth," the bank said. "Recognizing that the organization had outgrown its current name, leadership initiated a rebrand to establish a strong, distinctive identity that reflects the institution's scale, sophistication, and ambition today."

The Office of the Comptroller of the Currency has rejected an application from Dutch fintech bunq to launch a national bank in the U.S., citing capital, management, and safety-and-soundness concerns that spanned nearly every factor regulators weigh in chartering decisions. The application, filed under the proposed name bunq US Bank, was sponsored by Bunq US Holding, a company that would be majority owned by Ali Niknam, who also holds majority

Great Lakes Credit Union in Bannockburn, Ill., has invested in Nook, a credit union service organization (CUSO) that provides data integration, member relationship management, and engagement technology for credit unions. Nook said the investment will support development of its data infrastructure and technology. The amount wasn't disclosed. "Our investment in Nook reflects our belief that credit unions should help shape the technology they rely on," Michael Abraham, the credit union's chief

AltaOne Federal Credit Union in Ridgecrest, Calif., has invested in Veep Software. As part of the investment, the companies launched AnyTimePay, an earned wage access platform that lets members access wages they have earned before payday. The amount of the investment wasn't disclosed. "At AltaOne, we are always looking for innovative ways to strengthen the financial well-being of our members," Stephanie Sievers, AltaOne's CEO, said in a statement. "Too often,

River City Bank in Sacramento, Calif., sold $121.5 million in stock for two shareholders. The bank said in a press release that it sold 2.7 million shares for $45 each as part of the initial public offering, which was structured as a secondary offering for investors tied to the family of the bank's founder. The bank did not receive any proceeds from the IPO. Raymond James and Keefe, Bruyette &

The SOLO Network, a customer data-sharing and reusable-verification platform, is running a bank reliance pilot observed by FinCEN and coordinated with federal regulators. The company said in a press release that the Treasury Department, Office of the Comptroller of the Currency, and the Federal Deposit Insurance Corp. are involved with the pilot's coordination, a move that could eventually create scale for reliance-based verification. Banks and fintechs re-verify the same clients

Augustus, previously known as Ivy, has received conditional approval from the Federal Deposit Insurance Corp. for deposit insurance. Augustus, which recently obtained similar clearance from the Office of the Comptroller of the Currency to form a national bank, is expected to become a clearing bank built on a stablecoin and an AI-native core. The FDIC is requiring the bank to have nearly $73.7 million in initial capital. Co-Founder Ferdinand Dabitz

Essex Bank in Essex, Conn., has a new CEO. The bank said in a press release that Lynn Giroux had also become its president. Giroux, who had been the bank's chief operating officer, succeeded Diane Arnold, who retired. “I am deeply honored to have been selected ... especially as Essex Bank continues to celebrate its 175th anniversary throughout the year," Giroux said in the release. "This milestone is a powerful