Georgia Banking Co. in Atlanta and Climate First Bancorp in St. Petersburg, Fla., raised capital. Georgia Banking said in a press release that it completed a $77.7 million private placement of primary and secondary shares, led by funds managed by affiliates of Fortress Investment Group. The company plans to use proceeds to support continued growth and "future strategic expansion opportunities." "We're building a bank for growing companies across Georgia, and

MidFirst Bank in Oklahoma City has agreed to buy Dallas Capital Bank. The $42 billion-asset MidFirst did not disclose how much it will pay for the $1.2 billion-asset Dallas Capital. “Dallas is one of the most dynamic banking markets in the country, and Dallas Capital Bank has built exactly the kind of relationship-focused culture that defines the MidFirst experience,” Todd Dobson, MidFirst's CEO, said in a press release. “Dallas Capital

ODNB Financial in Tysons Corner, Va., has agreed to buy National Capital Bancorp in Washington, D.C. The $1.6 billion-asset ODNB said in a press release that it will pay $98 million in cash and stock for the $735.3 million-asset parent of National Capital Bank of Washington. The deal is expected to close in the fourth quarter. The company will be known as National Capital Bancorp, and National Capital Bank will

Peoples Bancorp in Newton, Ill., has agreed to buy Bancorp of Rantoul in Rantoul, Ill. The $729 million-asset Peoples expects to buy the parent of the $284 million-asset Bank of Rantoul in the fourth quarter. The price of the all-cash deal wasn't disclosed. Bank of Ratoul has two branches. Rantoul Chairman and co-CEO Denny Long will join Peoples as a market president; Craig Rogers will also become a market president.

Truist Financial in Charlotte, N.C., has a new leader lined up. The company said in a press release that Mike Lyon will succeed Bill Rogers as president and CEO on Sept. 1. Lyon was CEO of Fiserv. Rogers, who has served as Truist's CEO since September 2021, will serve as executive chairman until he retires next year. “Through our succession planning process, it became clear that Mike is an action-oriented

Ameris Bancorp is facing a potentially material legal setback after a federal jury in California awarded nearly $80 million in damages to a former executive who sued the Atlanta company over his termination. Ameris disclosed in a regulatory filing that Patrick Byrne filed a complaint on September 2024 against its bank in the U.S. District Court for the Central District of California, alleging wrongful termination, violations of whistleblower protection laws,

United Community Banks in Greenville, S.C., agreed to sell its equipment finance business to funds managed by Wafra Inc., acting through Navitas TopCo. The $28.2 billion-asset United said in a press release that it is selling Navitas Capital for $1.9 billion in cash, resulting in a one-time pretax earnings benefit of $109 million. The sale is expected to close in the third quarter. The business accounts for a tenth of

Isabella Bank in Mt. Pleasant, Mich., has agreed to buy Grand River Commerce in Grandville, Mich. The $2.3 billion-asset Isabella said in a press release that it will pay $54.6 million in cash and stock for the $511.7 million-asset Grand River. The deal, which is expected to close in the fourth quarter, priced Grand River at 123% of its tangible book value. Grand River has $438.9 million in deposits and