Citizens Bank of West Virginia in Elkins has agreed to buy Miners & Merchants Bank in Thomas, W.Va. The $687 million-asset company did not disclose what it will pay for the $67.5 million Miners.  The deal is expected to close in the first half of 2026. "This merger represents a strategic opportunity for Citizens to expand our footprint in the region," Nathaniel S. Bonnell, Citizens' president and CEO, said in

Ready Capital in New York announced a series of significant portfolio actions this summer as it continues to sharpen its focus. The company sold its residential mortgage banking segment during the second quarter. On Aug. 6, Ready completed its first bulk sale of legacy bridge loans, unloading $494 million of multifamily bridge assets. The transaction, which eliminates all 2021 vintage syndicated loans, generated net proceeds of $85 million. Management said

Glen Burnie Bancorp in Glen Burnie, Md., has acquired VA Wholesale Mortgage in Jacksonville, Fla. The company did not disclose the price it paid for the mortgage lender, which focuses on active-duty and retired members of the U.S. armed forces. Buying “VA Wholesale Mortgage ... is a win-win," Mark Hanna, Glen Burnie's president and CEO, said in a press release. The bank "will add strength to their efforts by providing

TowneBank in Suffolk, Va., has agreed to buy Dogwood State Bank in Raleigh, N.C. The $18 billion-asset TowneBank said in a press release that it will pay $476.2 million in stock for the $2.4 billion-asset Dogwood. The deal is expected to close in early 2026. TowneBank also has a pending deal for Old Point Financial in Hampton, Va., which should close on Sept. 1. The acquisition of Dogwood is expected

Computer Services Inc. has agreed to buy digital banking platform provider Apiture. Live Oak Bankshares in Wilmington, N.C., disclosed in a regulatory filing that it will record a $20 million to $25 million pretax gain from selling its stake to CSI. Live Oak co-founded Apiture in 2017 as part of a joint venture with First Data. Live Oak will no longer recognize further pass-through losses from the investment after the

First Guaranty Bancshares in Hammond, La., has amended its second-quarter results to reflect a larger loan-loss provision and a bigger quarterly loss. The company disclosed in a regulatory filing that its loss widened from $5.8 million to $7.3 million. A big factor was the provision, which increased from $14.7 million to $16.6 million. First Guaranty also amended its release to note that total assets decreased by $4 billion from the

Klarna has arranged a new financing agreement where it will sell newly originated, short-term receivables from its Buy Now, Pay Later service to Nelnet Financial Services. Klarna said in a press release that up to $26 billion in total payment volumes should change hands as part of the agreement. Proceeds would be used to expand Klarna's U.S. presence while "enhancing balance sheet flexibility and supporting long-term capital strategy." The Swedish

First Interstate BancSystem in Billings, Mont., added some heft to its board. The company disclosed in a regulatory filing that Michael Scudder will serve as a director an initial term expiring at the 2028 annual meeting. Scudder retired as chairman of Old National Bancorp on January 2024. He was president and CEO of First Midwest Bancorp when it sold to Old National in 2022.