Equity Bancshares in Wichita, Kan., is selling $80 million by selling common stock. The company said in a press release that it will sell about 1.8 million shares at $44.50 each. It could sell another 270,000 shares if there is enough demand. The offering should close on Dec. 4. Proceeds will be used to support continued growth, including potential acquisitions, investments in Equity Bank to support organic growth, and the

Valley National Bancorp in New York sold $925 million of commercial real estate loans at a loss. The $62 billion-asset company, which recently raised capital, said in a press release that it sold the loans, including $823 million of previously identified loans, to Brookfield Asset Management. The loans were sold at a roughly 1% discount, translating into an "incremental immaterial net loss." Valley will retain customer-facing servicing responsibilities. The sale

First National Bank of Omaha in Nebraska has shut down mobile banking platform Milli Bank. The $31.5 billion-asset bank closed the bank on Nov. 15. Milli Bank had offered a savings account with spending round-ups and auto-savings and a spending account with physical and virtual debit cards. Customers with a remaining balance will receive checks for their balances, including any accrued interest. “Our mission has always been to help you

United Community Banks in Greenville, S.C., has agreed to buy ANB Holdings in Oakland Park, Fla. The $27.4 billion-asset United said in a press release that it will pay $80 million in stock for the parent of the $439 million-asset American National Bank. The deal is expected to close in the second quarter. ANB Bank has $322 million of loans and $374 million of deposits. "This transaction strengthens our presence

Lumin Digital, a cloud-native digital banking provider in San Ramon, Calif., raised more than $160 million in equity financing. Lumin Digital said in a press release that the financing was led by Light Street Capital, NewView Capital and Partners Group. Lumin Digital said it will use the funds to accelerate its strategic growth initiatives. “This is a powerful endorsement of Lumin Digital’s impact on the industry and enables us to

Fleur Capital has agreed to buy Simmesport State Bank in Simmesport, La. Fleur, led by Spirit of Texas Bank President David McGuire, said in a press release that it hopes to buy the $231.5 million-asset Simmesport State Bank in the second quarter. The price “We highly value the Simmesport State Bank employees and believe they will be well-served as part of this proposed transaction," McGuire said in the release. "We

Shareholders of IF Bancorp backed a nonbinding proposal calling for the sale of the Watseka, Ill., company. The $893 million-asset company disclosed in a regulatory filing that more than 1.4 million shares voted in favor of the proposal at its annual meeting, while 969,000 shares objected. About 55,000 shares abstained. Separately, the company said that Walter Hasselbring, III, its president and CEO, was named chairman. He succeeded Gary Martin, who

Horizon Bancorp in Michigan City, Ind., disclosed that a plan to sell its mortgage warehouse business has fallen through. The $7.9 billion-asset company signed a nonbinding letter of intent in October to sell the business to an unidentified buyer. The plan was disclosed when Horizon reported its third-quarter results. The sale was expected to generate a gain-on-sale but would have been neutral to net income. It was not expected to