The Consumer Financial Protection Bureau dismissed enforcement lawsuits against Capital One Financial, Vanderbilt Mortgage & Finance, Rocket Homes Real Estate and the Pennsylvania Higher Education Assistance Agency. The bureau's new leadership issued notices of voluntary dismissal in the four cases with prejudice, meaning that the cases are permanently closed. Under former Director Rohit Chopra, the CFPB had pursued major enforcement actions against: Capital One, accusing the bank of unfairly avoiding

Popular in San Juan, Puerto Rico, is finalizing its succession plan. The $73 billion-asset company said in a press release that Ignacio Alvarez will retire as CEO on June 30. Alvarez, who has led the company since 2017, will be succeeded by Javier Ferrer, who is president and chief operating officer. "From his earliest days as CEO, [Alvarez] demonstrated his deep commitment to Popular’s core values, as he steered our

Triumph Financial in Dallas has agreed to buy Greenscreens.ai, which provides a pricing solution for the logistics industry. The $5.9 billion-asset Triumph said in a press release that it will pay $160 million in cash and stock for the fintech, which uses machine learning to deliver short-term freight market pricing intelligence and business insights. The deal is expected to close in the second quarter.  The acquisition "marks another significant step

Bank of Marin Bancorp in Novato, Calif., said a cooperation agreement with an investor group will soon end. The $3.7 billion-asset company disclosed in a regulatory filing that Sanjiv Sanghvi will step down from the board at its next annual meeting. Sanghvi has been the board representative of the Kelly Trust parties as part of a cooperation agreement. Bank of Marin noted when the agreement was renewed in 2022 that the

Rio Financial Services in McAllen, Texas, has agreed to buy Lone Star Capital Bank in San Antonio. The merger was disclosed by Stephens, which advised the $498 million-asset Lone Star. Rio Financial has around $900 million in assets. The price was not disclosed. Lone Star has seven branches. Its shareholders have already approved the merger.

Old Second Bancorp in Aurora, Ill., has agreed to buy Bancorp Financial in Oak Brook, Ill. The $5.7 billion-asset Old Second said in a press release that it would pay $197 million in cash and stock for the parent of the $1.5 billion-asset Evergreen Bank. The deal, which is expected to close in the third quarter, priced Bancorp Financial at 131% of its tangible book value. Evergreen has three branches,

QCR Holdings in Moline, Ill., will soon have a new leader. The $9.1 billion-asset company said in a press release that Larry Helling will retire as CEO at its May 22 annual meeting. Todd Gipple, QCR's president and chief financial officer, will succeed Helling, who will serve as a part-time adviser after his retirement. Nick Anderson, the company's chief accounting officer, will become CFO. Gipple has served as the CFO since

Patriot National Bancorp in Stamford, Conn., which was recently hit with an enforcement action while exploring its strategic alternatives, warned that it lost money in the fourth quarter. The $974.1 million-asset company disclosed in a regulatory filing that it expects to report a $9.5 million net loss, compared to $900,000 in net income a year earlier. Patriot pointed to a $7.7 million loan-loss provision largely tied to two big commercial