Citizens Financial Group in Providence, R.I., agreed to buy substantially all the assets of Matrix Capital Markets Group, an advisory firm focused on the downstream energy and convenience retail sector. Citizens said in a press release that Matrix, which is based in Richmond, Va., also has expertise in the automotive aftermarket and outdoor recreation and marine sectors. Since 2021, Matrix has completed more than 70 M&A transactions. “Clients view Citizens

Greenfield Savings Bank in Massachusetts has its next CEO lined up. The bank said in a press release that Peter Albero will also become president when Thomas Mesako retires later this year. Albero, who joined the bank in September 2023, is the chief financial officer and treasurer. “Over the next few years, we’ll focus on leveraging technology and working more efficiently to enhance profitability and drive growth," Albero said in

AtlasClear, a fintech that offers a next-gen back-end financial stack, has agreed to buy Commercial Bancorp in Pine Bluffs, Wyo., through a share repurchase agreement. The fintech said in a press release that it will buy all of the shares of the Commercial Bancorp, the holding company for $31.4 million-asset Farmers State Bank, with 73% stock consideration. “This updated structure reflects where AtlasClear is today as a public company,” John

Miami Savings Bank in Miamitown, Ohio, has agreed to buy New Foundation Savings Bank in Cincinnati. The $132 million-asset Miami Savings expects to buy the $18 million New Foundation in the second quarter. Financial details were not disclosed. “The combining of our two institutions will provide more benefits, financial products and opportunities for New Foundation’s customers,” Derrick Taylor, Miami Savings' president and CEO, said in a press release. Vorys, Sater, Seymour

West Iowa Bank in West Bend has agreed to buy Home State Bank in Royal, Iowa. The $162.4 million-asset West Iowa Bank said in a press release that the $56.6 million-asset Home State will operate independently after the deal closes. The price wasn't disclosed. "This agreement allows us to expand our community banking model into Royal while preserving the relationships and trust Home State Bank has built over generations," Keith

Axos Financial in Las Vegas has agreed to buy the consumer deposits of Jenius Bank from Sumitomo Mitsui Financial Group. The Japanese bank recently announced plans to shut down its digital-only bank. Axos disclosed in a regulatory filing that it will gain about $2.6 billion of deposits. The deal is expected to close by April 2026.

First National in Strasburg, Va., is closing three branches and selling two more, reducing branch count by 15%. The company said in a press release that it will sell locations in Roanoke Rapids and Louisburg, in North Carolina. The branches had $53 million in deposits at mid-2025, based on data compiled by the Federal Deposit Insurance Corp. The company did not disclose the locations of the branches it plans to

PennyMac Financial Services has agreed to buy the subservicing business of Cenlar Capital. PennyMac said in a press release that it will pay $172.5 million in cash upfront, along with up to $85 million of performance-based payments, for subservicing contracts and mortgage servicing operations. Based on Cenlar’s existing portfolio, Pennymac expects to add up to $740 billion in unpaid principal balance of mortgage loan subservicing and 2 million loans to