OakNorth, a U.K.-based digital bank, has agreed to buy Community Unity Bank in Birmingham, Mich. OakNorth, which received approval in August from the Federal Reserve and the New York State Department of Financial Services to open a representative Office in New York, plans to leverage the bank acquisition to expand business lending across the United States. "Over the last 18 months, we've supported businesses with their growth ambitions, providing several

OneMain Financial is the latest company to apply for an industrial loan charter. The company said in a press release that it applied with the Federal Deposit Insurance Corp. and the Utah Department of Financial Institutions to form OneMain Bank in West Valley City, Utah. The bank would offer personal loans, auto finance, credit cards and savings accounts. “OneMain Financial has provided responsible lending solutions to a large and often underserved

TD Bank plans to close 38 locations. The bank applied with the Office of the Comptroller of the Currency to close the branches. The planned closures include six branches in Massachusetts, four in both Maine and New Hampshire, and two in Connecticut, according to published reports. "As we evaluate how customers interact with us and the channels they use, this includes examining our physical store network and looking for opportunities

GBank Financial Holdings in Las Vegas plans to apply for a Nasdaq listing. The $1.1 billion-asset company said in a regulatory filing that it plans to list shares under the symbol GBFH. The filing involves the roughly 1.1 million shares GBank Financial sold in an October 2024 private placement. Many of those shareholders are individual investors or related trusts. Down Range Capital Opportunity Fund plans to sell all of its

Block received approval from the Federal Deposit Insurance Corp. to directly offer small consumer loans to Cash App customers. The fintech said in a press release that Square Financial Services will start offering and servicing Cash App Borrow in the coming weeks. Block, which has been making the loans through an external bank partner, said the average loan has been less than $100 with about a month in duration. It originated

Planters Holding in Indianola, Miss., has agreed to buy BSJ Bancshares in Saint Joseph, La. The $2 billion-asset Planters did not disclose how much it would pay for the parent of the $598.1 million-asset Cross Keys Bank. The deal is expected to close in the third quarter. “We look forward to our combined companies continuing to build upon the great community bank franchise Cross Keys has established," Alan Hargett, Planters'

Lake Shore Bancorp in Dunkirk, N.Y., has been freed from another regulatory order. The $698 million-asset company disclosed in a regulatory filing that the Fed terminated a June 2023 written agreement. The Office of the Comptroller of the Currency freed Lake Shore's bank from a consent order in December. Lake Shore has now begun the process of pursuing a second-step conversion to become a fully stock-owned company.

NuMark Credit Union in Joliet, Ill., has agreed to acquire The Lemont National Bank in Lemont, Ill. The $851 million-asset NuMark did not disclose the amount of the all-cash transaction. The credit union expects to buy the $52 million-asset Lemont National in the second half of this year. “It is clear to us that our organizations share a common vision in that we are both invested in the importance of