Truist Financial in Charlotte, N.C., reached a seven-year agreement to become the title sponsor of the PGA Tour’s golf tournament in the bank’s headquarters city. After being held in Philadelphia next year, the newly renamed Truist Championship will return to the Quail Hollow Club starting in 2026. The course will host the PGA Championship next year. Financial terms were not disclosed. "We look forward to partnering with the PGA Tour

Security Bancshares in Paris, Tenn., has agreed to buy Bancshares of Ripley in Ripley, Tenn. Security is the $1.2 billion-asset parent of Security Bank and Trust, while Bancshares of Ripley is the holding company for the $280.1 million-asset Bank of Ripley. The merger was announced by Performance Trust Capital Partners, which was an advisor for the deal. The price wasn’t disclosed.

Berco in Salina, Kan., has agreed to buy New Millennium Bankshares in Topeka, Kan. Berco, the parent of the $994 million-asset Bennington State Bank, said it expects to buy the holding company for the $149 million-asset Alliance Bank in the fourth quarter. The price wasn’t disclosed. Alliance Bank has two branches. Olsen Palmer and Stinson advised New Millennium. Gerrish Smith Tuck advised Berco.

Orrstown Financial Services in Harrisburg, Pa., plans to close six branches in Pennsylvania and Maryland. The $2.2 billion-asset company said in a regulatory filing that one branch will close in the third quarter. The rest will likely close in the fourth quarter. The closures will result in a one-time pretax charge of about $534,000. The closures should generate about $1.7 million of pretax annual expenses. “These changes are designed to

The Federal Deposit Insurance Corp. has given conditional approval for a de novo bank planned in White Plains, N.Y. Organizers of Greater Gotham Bank must raise $50 million in capital before opening. The group applied with regulators on Jan. 2 to open the bank. A public notice tied to the application listed seven organizers: Laurence Marchini III, Jeffrey Wall, Harry Katz; Robert Liberto, Jeffrey Meshel, Adelaide Polsinelli and Juan Soto.

Optus Bank in Columbia, S.C., has a new president. The black-owned bank said in a press release that Benita Lefft had taken on the role. Lefft, who was Optus’ chief operations officer, succeeded Dominik Mjartan, who remains CEO. Lefft will remain COO, while Mjartan will become vice chairman.

Arcadia Federal Credit Union in Fort Kent, Maine, will have a new leader next year. The $365 million-asset credit union said in a press release that David Desjardins will retire as president and CEO next July. He will be succeeded by Joey Cannan, the credit union’s executive vice president. Desjardins had been CEO since 2004. “Every decision I made was aimed at ensuring the long-term success of the organization,” Desjardins

Van Wert Federal Savings Bank in Van Wert, Ohio, has a new name.   VWF Bancorp, the bank’s $271 million-asset holding company, disclosed in a securities filing that the bank had been rebranded at GreenWay Bank.   VWF has gone through considerable change in recent years, converting to a stock-owned company and hiring a new CEO.