BCB Bancorp in Bayonne, N.J., is turning to the capital markets as the scale of its credit cleanup comes into sharper — and far more painful — focus. The $3.1 billion-asset company announced that it has launched an underwritten public offering of common stock, with Piper Sandler & Co. serving as sole book-running manager, with plans to raise $85.3 million. BCB also said it expects to report a third-quarter net

Richton Bank & Trust in Richton, Miss., has a new leader. John Shappley shared in a LinkedIn post that he had become the $52 million-asset bank's CEO. Shappley, who remains president, had also been the bank's chief operating officer.

Community Bank Mankato in Vernon Center, Minn., has new leadership following the passing of founder Quentin Beadell. The $538 million-asset bank said in a press release that Carolyn Beadell had become chair and Bob Beadell was now president. Mike Ogaard was named CEO, while Jodi Schull became chief lending officer. "This change in leadership structure positions Community Bank Mankato to continue our long-standing tradition of community-focused financial services and forward-looking

Lineage Bank in Franklin, Tenn., has a new name. The bank said in a press release that it rebranded as Harpeth Bank & Trust as part of a decision to refocus on community banking. The bank pursued a Banking-as-a-Service strategy before receiving enforcement actions from the Federal Reserve and the Federal Deposit Insurance Corp. Recap Financial Ventures bought a majority interest and recapitalized the bank earlier this year. "This is

Enova International has withdrawn its applications to buy Grasshopper Bank in New York. Enova, which agreed in December 2025 to buy the bank for $369 million, has applied with the Office of the Comptroller of the Currency and the Federal Reserve. "After a thorough evaluation, we are confident that withdrawing our applications is the best decision for Enova and our shareholders," Steve Cunningham, Enova's CEO, said in a press release. "Bank

Truist Financial in Charlotte, N.C., will get out of near-prime auto lending by selling substantially all assets of its unit, Regional Acceptance. Truist will unload $5.5 billion in auto loans to an undisclosed buyer between now and the end of the year, according to a disclosure made ahead of the company's appearance at a banking conference. The unit's pretax earnings were roughly break-even during the first half of this year.

U Bancshares in Knoxville, Tenn., has agreed to buy Heritage Community Bank Greeneville, Tenn. The parent company of the $182.2 million-asset UBank will pay an undisclosed amount of cash and stock for the $184.4 million-asset Heritage Community. The deal is expected to close in the first quarter of 2027. Heritage Community will operate as a UBank division. Olsen Palmer, which advised Heritage Community, announced the transaction.

Arrow Financial in Glens Falls, N.Y., has agreed to buy Skene Valley Agency. Arrow said in a press release that it expects to buy the Glens Falls insurance agency by the end of this month. The price wasn't disclosed. "This strategic growth opportunity will allow us to deepen [our] presence in Washington County, where we have a long history of meeting diverse financial needs," said David DeMarco, Arrow's president and