Enova International has withdrawn its applications to buy Grasshopper Bank in New York.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

Bank7 Corp. in Oklahoma City has emerged as the winning bidder in a court-supervised auction for roughly 71% of Century Financial Services in New Mexico. Bank7 disclosed in a regulatory filing that it agreed to raise its purchase price from $68 million to nearly $89 million. The roughly 237,000 shares became available for sale after a federal court in Arizona appointed a receiver to oversee their sale as part of

The North Dakota Bankers Association is looking for its next leader. The association said in a press release that Rick Clayburgh will retire as president and CEO in mid-2027. "The announcement provides time for a thoughtful leadership transition while celebrating a career marked not only by influential advocacy and industry leadership, but by a lasting commitment to developing people, strengthening relationships, and shaping the future of North Dakota banking," the

Mercury is one step closer to opening a bank. The fintech received conditional approval for deposit insurance from the Federal Deposit Insurance Corp.  The FDIC is requiring the bank to have $300 million in initial capital. The Office of the Comptroller of the Currency gave conditional approval in April. "Deposit insurance approval isn't a formality," Jon Auxier, Mercury's chief banking officer and the proposed bank's president and CEO, shared on

Nola Bank is set to open in New Orleans next week. The de novo will debut on Sept. 14, co-founder Chris Shah wrote in a LinkedIn post. "Opening a new community bank is no small undertaking," Shah wrote. "This milestone represents years of vision, determination, collaboration, and an unwavering belief in the communities we will serve." Organizers received conditional approval in August 2025, which required them to raise $26.4 million