Fintech Taktile raised $54 million in its latest fund-raising round. The company announced on its website that the Series B funding round was led by Balderton Capital with participation by existing investors Index Ventures, Tiger GLobal, Y Combinator, Prosus Ventures, Visionaries Club and former Treasury Secretary Larry Summers. Taktile has raised an aggregate of $79 million.

Alkami Technology has agreed to buy Fin Technologies, which does business as MANTL. Alkami said in a press release that it is buying MANTL for an enterprise value of $400 million. The deal, which is expected to close on March 31, is subject to about $7 million of purchase price adjustments. Alkami said it plans to fund the deal with about $380 million in cash, along with restricted stock units with

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,