First Savings Financial Group in Jeffersonville, Ind., sold a large pool of home equity lines of credit as it shifted its strategy for those originations. The $2.4 billion-asset company said in a press release that it sold $87.2 million of home equity lines of credit in the final quarter of 2024 for a net gain of $2.5 million. The sale also contributed to the decision to record a $490,000 reversal

FB Bancorp in New Orleans warned that it will record a $5.8 million goodwill impairment charge tied to a decade-old acquisition. The $1.4 billion-asset company disclosed in a regulatory filing that it recorded the noncash charge after conducting periodic testing of goodwill impairment. The review took into account a decrease in mortgage origination volume due to elevated interest rates. The goodwill was established in January 2014 as part of the

The Consumer Financial Protection Bureau ordered Wise to pay nearly $2.5 million to address claims that the U.K. remittance company advertised inaccurate fees and failed to properly disclose exchange rates and other costs. The CFPB said in a press release that it determined that Wise misled U.S. customers about its ATM fees and failed to properly disclose other fees. The bureau also claimed that failed to timely refund the remittance fees

First Foundation in Dallas is starting to use some of the capital it raised last year as part of its turnaround. The $12.6 billion-asset company lost $14.1 million in the fourth quarter after selling $489 million of multifamily loans at a 4.9% discount. The company also set aside $20.1 million in the quarter to cover potential problems in its equipment finance lease portfolio, reflecting higher chargeoffs and a rise in

Lake Shore Bancorp in Dunkirk, N.Y., is planning a second-step conversion to a fully stock-owned company. The company said in a press release that its parent company, Laks Shore MHC, plans to convert in the third quarter. The bank will seek regulatory approval to become a New York-chartered commercial bank. Lake Shore MHC owns about 63.4% of the Lake Shore Bancorp's outstanding shares.

Bank of Frankewing in Frankewing, Tenn., has a new leader. Richard Burleson announced on his LinkedIn page that he had become the $549 million-asset bank's president and CEO. Burleson was president and CEO of Community First Bank in South Carolina from 2015 to 2024, according to his LinkedIn profile.

First Bancorp in Southern Pines, N.C., posted significantly lower net income after repositioning its securities portfolio. The $12.1 billion-asset company said in a press release that its fourth-quarter profit fell by 88% from a year earlier, to $3.6 million. First Bancorp said it sold $280 million of securities in November at a $36.8 million loss. The company then invested $495 million in higher-yielding securities.

Amalgamated Bank of Chicago has selected an insider as its new CEO. The $1.2 billion-asset bank said in a statement that Nick Weaver had succeeded Robert Wrobel, who remains chairman. Weaver rejoined the bank as COO in 2023 and became president a year later.