Legend Bancorp in Bowie, Texas, has agreed to buy Graham Savings and Loan in Graham, Texas. The $1.2 billion-asset Legend said in a press release that it expects to buy the $160 million-asset Graham Savings this fall. The price wasn't disclosed. “As a locally-owned, community bank focused on our employees, customers, and communities, we have a similar DNA," Jay Bearden, Legend's president and CEO, said in the release. "We share

An organizing group is looking to create Venture Coast Bank in Palo Alto, Calif. The application describes a one-branch de novo built around a relatively simple proposition: a back-to-basics community bank serving small and midsize businesses, retail customers, and local organizations. Venture Coast's organizers plan to operate without affiliates or a complex organizational structure, leaning on a “client-oriented service model,” a clear capital structure, and a focus on deposit, lending,

Members Credit Union in Stamford, Conn., is coordinating next steps following the death of its CEO. The credit union disclosed that Kathy Chartier had passed away. She was also Members' president. "Kathy was a respected leader, mentor, and advocate for the credit union philosophy of people helping people," the credit union said in a LinkedIn post. "Her compassion, humility, and dedication to serving others touched countless lives throughout our community

Alliance Bancshares in Cape Girardeau, Mo., has agreed to buy ASB Management in Anna, Ill. The $399.9 million-asset Alliance expects to buy the parent of the $112.3 million-asset Anna State Bank in the fourth quarter, according to Olsen Palmer, which advised the seller. The price wasn't disclosed.

Regions Financial agreed to pay about $4.9 million as part of a Department of Justice settlement tied to claims the Birmingham, Ala., bank received government payments related to a Paycheck Protection Program loan that it shouldn’t have. The DoJ had alleged that the $161 billion-asset Regions approved forgiveness of a customer’s PPP loan in August 2021 even though the loan wasn’t eligible. The Justice Department claimed that the bank was

Axiom Bank in Orlando, Fla., has been freed from a formal agreement with the Office of the Comptroller of the Currency. The bank disclosed that the OCC terminated the October 2024 agreement last month. “We are excited to announce the closure of this Formal Agreement in just over 18 months," Ross Breunig, the bank's president and CEO, said in the press release. "We used this process to build a fundamentally

Rockland FCU in Rockland, Mass., rebranded as Arise Financial. The $3.7 billion-asset Rockland said in a press release that the new name “will reflect the credit union’s evolution and vision for the future of member-focused banking.” “Arise represents more than a new name and look. It reflects who we’ve always been and where we are going,” President and CEO Kristin VanBeek said in the release. “Helping members ascend to their

State National Bank in Groom, Texas, has a new leader. The bank said in a press release that Tracy Harris had become its president and CEO. Harris was the chief strategic planning and project officer at Texas Regional Bank. “Tracy is exactly the leader State National Bank needs right now," the board said in the release. "She has done this before — built strong teams, driven loan growth, and delivered