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,

QCR Holdings in Moline, Ill., will soon have a new leader. The $9.1 billion-asset company said in a press release that Larry Helling will retire as CEO at its May 22 annual meeting. Todd Gipple, QCR's president and chief financial officer, will succeed Helling, who will serve as a part-time adviser after his retirement. Nick Anderson, the company's chief accounting officer, will become CFO. Gipple has served as the CFO since

Patriot National Bancorp in Stamford, Conn., which was recently hit with an enforcement action while exploring its strategic alternatives, warned that it lost money in the fourth quarter. The $974.1 million-asset company disclosed in a regulatory filing that it expects to report a $9.5 million net loss, compared to $900,000 in net income a year earlier. Patriot pointed to a $7.7 million loan-loss provision largely tied to two big commercial

A bank in Alabama has a fresh name and a new headquarters. The $70.1 million-asset LifeSteps Bank and Trust said in a press release that it had rebranded as Bank47 and moved its corporate offices from Union Springs to Huntsville. "Huntsville's energy, innovation, and economic strength make it the perfect home for Bank47," Hill Womble, the bank's CEO, said the release. "We are building more than a bank—we are creating

Yoakum National BancShares in Yoakum, Texas, has agreed to buy Ganado Bancshares in Ganado, Texas. Yoakum, the holding company for the $327 million-asset Yoakum National Bank, did not disclose how much it will pay for the parent of the $55.9 million-asset Citizens State Bank of Ganado. Performance Trust Capital Partners, which advised Yoakum, disclosed the deal via LinkedIn.

Quaint Oak Bancorp in Southampton, Pa., has a new president. The $701 million-asset company disclosed in a regulatory filing that William Gonzalez had taken on the new role and joined its board. He was president and chief operating officer of Quaint Oak Bank. Gonzalez succeeded Robert Strong, who remains CEO.

De novo BankMiami will open its doors next month. Organizers said in a LinkedIn post that the bank will debut on March 17. A proposed bank received conditional approval from the Federal Deposit Insurance Corp. in August that required the organizers to raise $31.3 million. Organizers submitted applications earlier that year. BankMiami said in its application that it should have $390 million of assets, $354 million of deposits and $272