Axos Financial in Las Vegas has agreed to buy Arc Technologies, a fintech that serves technology and growth companies. The $29.2 billion-asset Axos said in a press release that it expects the deal to close later this month. The price wasn't disclosed. Arc provides cash management, capital markets, and AI-powered financial software solutions, helping businesses manage cash, access debt financing, and streamline financial operations. “Arc brings an exceptional team, a

Agricultural Banking Corp. in Paxton, Ill., has agreed to buy Buckley Bancorp in Buckley, Ill. Agricultural Banking, the holding company for the $200 million-asset Frederick Community Bank, said in a press release that it expects to buy the parent of the $50 million-asset Buckley State Bank in the fourth quarter. The price wasn't disclosed Selected Buckley State directors will join Frederick Community's board. “We are excited to partner with an

Klarna has applied for an industrial bank charter. The Swedish  Buy Now, Pay Later pioneer filed its applications with the Federal Deposit Insurance Corp. and Utah’s Department of Financial Institutions. Klarna has partnered with U.S. banks, including WebBank, to offer some of its financial services. “Our own banking license is the natural next step, giving customers tools to borrow responsibly and build financial confidence, while bringing greater competition, innovation, and choice to

Hometown Financial Group in Easthampton, Mass., has agreed to buy Primary Bank in Bedford, N.H., in a move that will include Hometown's conversion to a stock holding company. The $6.9 billion-asset Hometown said in a press release that it will pay $160 million in cash and stock for the $743 million-asset Primary. The deal is expected to close in the first quarter. The transactions build on Hometown's plan to merge

Finward Bancorp in Munster, Ind., has been freed from another enforcement action. The company disclosed in a regulatory filing that its bank was released from an August 2024 memorandum of understanding with the Federal Deposit Insurance Corp. and the Indiana Department of Financial Institutions. Finward was previously freed in August 2025 from a November 2023 consent order with the same regulators. That order was tied to Finward’s compliance with the Bank Secrecy

National Bankshares in Blacksburg, Va., sold underperforming securities. The company disclosed in a regulatory filing that it sold $131.9 million of securities as a pretax loss of $6.6 million. Proceeds were used to buy $127.3 million of higher-yielding securities. The company offset the hit with proceeds from the sale of its membership interest in Bearing Insurance Group. It should take less than two years for the company to recoup the

Bank7 in Oklahoma City has agreed to buy a controlling stake in Century Financial Services in Santa Fe, N.M. The $2 billion-asset Bank7 said in a press release that it plans to buy a 71% stake in the holding company for the $1.4 billion-asset Century Bank for $68 million in cash. The shares are being sold by a court-appointed receiver tied to KS StateBank v. Peters, et al., a pending

Patriot National Bancorp in Stamford, Conn., has been freed from an enforcement action. The $1.3 billion-asset company said in a press release that the Office of the Comptroller of the Currency released Patriot Bank from a January 2025 formal agreement. “This important milestone is a testament to the terrific team Patriot Bank has assembled to build America’s premier bank serving high-net-worth families," Steven Sugarman, the bank's president and CEO, said