New York Community Bancorp in Hicksville will have a long road to return to profitability. The $113 billion-asset company lost $327 million in the first quarter after posting a $2.7 billion loss a quarter earlier. The first quarter included a $315 million loan-loss provision. “While this year will be a transitional year for the company, we have a clear path to profitability over the following two years,” Joseph Otting, the

FirstSun Capital Bancorp in Denver will raise more capital to buy HomeStreet in Seattle and scrap plans to have a national charter with the Office of the Comptroller of the Currency. The $7.8 billion-asset FirstSun said in a press release that it now plans to raise up to $235 million to buy the $9.5 billion-asset HomeStreet, representing a 34% increase from original projections. About $80 million has already been raised.

BayFirst Financial in St. Petersburg, Fla., is being more cautious with its Small Business Administation lending. The $1.1 billion-asset BayFirst stopped lending to the transportation and marketing/advertising sectors and began to limit exposure to hotels and restaurants, CEO Thomas Zernick said during a conference call to discuss quarterly earnings. Those industries “present higher risk or have performed below expectations,” Robin Oliver, BayFirst’s president and chief operating officer, added. BayFirst also

The Maine Credit Union League finally has a permanent president. The trade group said in a press release that Elise Baldacci will take on the role on June 3. She will succeed Cris Wescott, who has served as interim president since Todd Mason’s left the group last June. Baldacci previously served as deputy chief of staff for Gov. Janet Mills. “After conducting a thorough search for our industry's next leader,

The League of Southeastern Credit Unions & Affiliates announced the sudden departure of its CEO. The trade group said in a press release that Patrick La Pine had stepped down. LSCU & Affiliates gave no reason for his departure. The group said that Samantha Beeler, its president, and Steve Wills, president of affiliated consolidated services and Leverage, now have elevated executive roles. Beeler and Willis will report directly to the

TDECO in Houston has agreed to buy Sabine State Bank and Trust in Many, La. The $4.8 billion-asset credit union said in a press release that it expects to complete the purchase of the $1.2 billion-asset Sabine early next year. The price wasn’t disclosed. “TDECU is on a growth journey to expand across the state of Texas and beyond,” Isaac Johnson, the credit union’s president and CEO, said in the

Arrow Financial in Glens Falls, N.Y., said it has agreed to settle a class-action complaint. The $4.2 billion-asset company said in a press release that it reached an agreement in principle to settle the complaint, filed in U.S. District Court for the Northern District of New York by Robert Ashe. The lawsuit, filed against Arrow and certain former and current executives, alleged that they made “materially false and misleading statements”

Civista Bancshares in Sandusky, Ohio, reported lower profit that reflected a narrower net interest margin and a decision to step away from its income tax refund business. The $3.9 billion-asset company said in a press release that its first-quarter net income fell by 50.4% from a year earlier, to $6.4 million. Net interest income decreased by 13% from a year earlier, to $4.2 million. The net interest margin compressed by