La Plata Bancshares in Hereford, Texas, raised $10.9 million. The $283 million-asset company completed a private placement of common stock on Aug. 20, according to a regulatory filing. The total offering amount was $12 million, meaning that about $1.1 million of shares were not sold.

Merchants & Marine Bancorp in Pascagoula, Miss., has hired a veteran banker to serve as brand president and CEO of its bank. The $687 million-asset company said in a press release that it recruited Paige Oliver to fill the newly created role. Oliver was president and CEO of the Bank of Oak Ridge in Oak Ridge, La. “Paige’s extensive leadership experience, drive to make a positive impact on those around

A group in Albertville, Ala., has applied to form a new bank. Organizers are planning Solutions Plus Bank, according to a legal notice tied to an application with the Federal Deposit Insurance Corp. The application wasn’t immediately available. The notice listed 13 organizers: John Weathers, Myra Pierce, Thomas Carroll, Susan Armstrong, Tony Cochran, Jeannie Courington, Randy Jones, Wright Ross, Steven Brindley, Shannon Corbitt, Anna Weathers Smith, Clay Scofield and Sergio

Columbia Financial in Fair Lawn, N.J., is planning to merge its banks. The $10.8 billion-asset company said in a press release that the Office of the Comptroller of the Currency approved its application to merge its Freehold Bank into Columbia Bank. The transaction is expected to close on Oct. 5.

OP Bancorp in Los Angeles will have a new CEO next year. The $2.3 billion-asset company said in a press release that Sang Oh will also become its president after its June 2025 annual meeting. Oh, the company’s chief credit officer, will succeed Min Kim, who will retire. She will become chairman after she retired, succeeding Brian Choi. “We are delighted to recognize Min’s tremendous leadership over the past 15

RBB Bancorp in Los Angeles has been freed from an October 2023 consent order.   The $3.9 billion-asset company and its bank were required by the Federal Deposit Insurance Corp. and the California Department of Financial Protection and Innovation to address deficiencies in its Bank Secrecy Act and anti-money laundering compliance.   “Our directors and staff worked very hard to address our regulators’ concerns and to strengthen our … compliance

TD Bank Group in Toronto has reduced its stake in Charles Schwab Corp. as it looks to offset costs tied to addressing Bank Secrecy Act and anti-money laundering compliance. The company said in a press release that it sold 40.5 million shares of Schwab common stock, lowering its stake in the brokerage firm from 12.3% to 10.1%. TD has no current intention to divest additional shares. Separately, TD said it

U.S. Bancorp in Minneapolis has acquired healthcare fintech Salucro Healthcare Solutions in Tempe, Ariz. The $680.1 billion-asset U.S. Bancorp said in a press release that the deal closed on Wednesday. The price wasn’t disclosed. Salucro, founded in 2004, specializes in patient payments and billing. U.S. Bancorp first invested in Salucro in 2022; the fintech's platform is being sold through the bank’s Elavon division as MedEpay.