QCR Holdings in Moline, Ill., will stop offering new loans and leases through its equipment finance business. The $8.9 billion-asset company said in a press release that m2 Equipment Finance will continue to service its existing $360 million portfolio with a reduced staff. The majority of the portfolio should amortize over the next three years. QCR bought the Waukesha, Wis., company in 2005. “We expect that this change will improve our

Builtwell Bancorp in Chattanooga, Tenn., has agreed to buy Bradley County Financial in Cleveland, Tenn. The $1.8 billion-asset parent of Builtwell Bank said in a press release that it plans to buy the holding company for the $352 million-asset Bank of Cleveland in the first quarter. The price wasn’t disclosed. Bank of Cleveland has four branches. Builtwell was created when First Volunteer Bank rebranded in 2022.

ConnectOne Bancorp in Englewood Cliffs, N.J., has agreed to buy The First of Long Island in Melville, N.Y. The $9.7 billion-asset ConnectOne said in a press release that it will pay $284 million in stock for the $4.2 billion-asset First of Long Island. The deal is expected to close in mid-2025. As part of the deal, ConnectOne plans to raise about $100 million by issuing subordinated debt before closing. Net

REV Federal Credit Union in Summerville, S.C., has agreed to buy First Neighborhood Bank in Spencer, W.Va. The $1.1 billion-asset credit union did not disclose the price it will pay for the $149 million-asset bank. “Our mission is growth with purpose,” Jason Lee, the credit union’s president and CEO, said in a press release. “This purpose is centered around member impact, social impact, economic impact and ensuring our long-term survivability.”

Patrick Harker will step down as president of the Federal Reserve Bank of Philadelphia next year. Harker, who has held the post since 2015, will relinquish the role in June. A search committee of six board members for the regional Fed bank, with help from Spencer Stuart, will look for his successor. Harker is the longest-serving of the presidents in the Federal Reserve System. The Philly Fed oversees the southern half

United Texas Bank in Dallas is working under a cease-and-desist order after a Federal Reserve examination found “significant deficiencies” tied to foreign correspondent banking and virtual currency customers. Regulators said in the C&D that a May 2023 exam identified issues with the $1.1 billion-asset bank’s risk management and compliance with anti-money laundering laws and regulations. United Texas must submit a written plan to improve Bank Secrecy Act and AML deficiencies.

Huntington Bancshares in Columbus, Ohio, has agreed to a 20-year sponsorship deal that included naming rights to the Cleveland Browns stadium. The Browns said in a press release that the stadium was renamed Huntington Bank Field. Financial details were not disclosed. The $196 billion-asset Huntington will become the team's official and exclusive banking partner. "The Cleveland Browns are iconic in American sports and a globally recognized brand," Steve Steinour, Huntington’s

Four States Bank in Carthage, Mo., has opened. The de novo raised the required $23.5 million in initial capital and opened on Aug. 26, according to the Federal Deposit Insurance Corp. The group applied with the FDIC in December, disclosing plans to open three branches. Jeffrey Williams, former Jopin, Mo., regional president and Guaranty Bank, is the bank’s president and CEO. Guaranty Federal was sold to QCR Holdings in April