Capital One Financial in McLean, Va., and Discover Financial Services have pushed the deadline for their merger back as they wait for regulatory approvals. Capital One agreed a year ago to buy Discover for $35.3 billion in a deal that was expected to close in early 2025. The companies disclosed in a regulatory filing that they agreed to move the deadline to complete the deal to May 19 since "conditions

Fulton Financial in Lancaster, Pa., has created a capital markets business. The $32.1 billion-asset company said it created the operation after naming Christopher Bigos as head of capital markets. Bigos previously served as a senior vice president of commercial real estate at Fulton. “As our clients continue to grow, we want to be there to provide the solutions they need,” John Glover, the bank's head of commercial banking, said in

First Bancorp in Southern Pines, N.C., has a new bank CEO. The company said in a press release that G. Adam Currie took over the post from Michael Mayer. Currie will remain the bank's president. “This transition is the culmination of a succession plan that has been in place for many years,” Richard Moore, the company's chairman and CEO, said in the release. Currie “has demonstrated his astute knowledge of

CB Financial Services in Carmichaels, Pa., laid off seven employees and announced the resignation of its chief financial officer. The $1.5 billion-asset company said in a regulatory filing that the layoffs account for about 5% of its staff. The company also entered into a severance agreement with Jamie Prah that includes $558,000 in severance. Including that payout, CB Financial said it should incur about $1 million in pretax charges tied

Northpointe Bancshares in Grand Rapids, Mich., is planning an initial public offering. The $5.4 billion-asset company, in its registration statement, did not disclose how many shares it plans to sell or how much it expects to raise. Northpointe said that some of the offering's proceeds would be used to increase its on-balance sheet hold of mortgage purchase program loans. The company said it has funded more than $20 billion in

Intercity State Bank in Schofield, Wis., will be absorbed by One Community Bank in Oregon, Wis. The $266 million-asset Intercity and the $2.2 billion-asset One Community are owned by the Bosshard family. The merger is expected to close later this year. Randy Balk, Intercity's president and CEO, will retire on Feb. 28. Chris Pfender, the bank's executive vice president, will become a regional president on March 1. “It has been

Nebraska's Department of Banking and Finance has given conditional approval for Telcoin Bank to open a digital asset bank. The proposed Norfolk, Neb., company said in a press release that it plans to offer fully regulated, bank-issued “Digital Cash” stablecoins, in addition to blockchain banking products and services. Telcoin Bank expects to open early this year by releasing the proposed stablecoin, eUSD. “This approval marks a major milestone for Telcoin

Finovifi in Birmingham, Ala., has acquired Modern Banking Systems in Omaha, Neb. Finovifi, which did not disclose how much it paid for the core processing company, said in a press release that it plans to integrate many of its products, including FraudSentry, FraudXchange, SilverSafe, and ComplyPilot, with the MBS platform. “This acquisition represents a unique opportunity to bridge the gap in the market for technology-led, market-relevant solutions that help banks