Primis Financial in McLean, Va., will restate three quarters of financial statements – and amend a fourth – to address accounting issues. The $3.9 billion-asset company disclosed in a regulatory filing that, following discussions with its accounting firm, it will restate filings for the first three quarters of 2023. The issue is tied to $33.7 million of loans transferred by Primis Bank to other financial institutions. The company determined that

Metropolitan Bank Holding in New York is getting out of Banking-as-a-Service. The $7.1 billion-asset company disclosed in a regulatory filing that it decided early this year to exit all BaaS relationships. Metropolitan said that deposits obtained through BaaS relationships totaled $781 million, or 13.6% of deposits, at Dec. 31. Though Metropolitan expects “minimal financial impact” from the exit, the filing cautioned that the bank may have to seek “alternative and

New York Community Bancorp in Hicksville said that Thomas Cangemi had resigned as president and CEO, it had identified a material weakness, and that a goodwill impairment charge had deepened its fourth-quarter loss by $2.4 billion. The $116.3 billion-asset company disclosed in a regulatory filing that Cangemi will remain on its board. His departure “was not the result, in whole or in part, of any disagreement with the company on

Indiana State University Federal Credit Union in Terre Haute is looking for a CEO. The $130 million-asset credit union said that Marie Shanks will also retire as president this fall. Shanks has been president and CEO since 2021.

A group has terminated an agreement to invest in Republic First Bancorp in Philadelphia. The group, which includes George Norcross III, Gregory Braca and Philip Norcross, agreed in September to invest $35 million in the $6.2 billion-asset Republic. The plan was for Republic will raise another $40 million from other investors. Republic First disclosed in a Wednesday regulatory filing that the Braca-Norcross group opted to terminate the deal because it

Green Dot in Austin, Texas, has set aside $20 million to cover a proposed consent order from the Federal Reserve tied to its compliance with anti-money-laundering regulations. The $4.8 billion-asset bank and fintech company said in a press release that the proposed order also covers consumer compliance matters that took place before George Gresham became CEO in 2020. Green Dot, which is still in discussions with the Fed over the

FirstBank in Lakewood, Colo., has a new CEO lined up. The $28.2 billion-asset bank said in a press release that Jim Reuter will retire on March 29. Reuter, who will remain on the board, will be succeeded by Kevin Classen, the bank’s president. The bank said that Kelly Kaminskas, its chief digital officer, will become chief operating officer. “Since I became CEO in 2017, I’ve always said this was a

New Peoples Bankshares in Honaker, Va., will soon have a new leader. The $826.3 million-asset company said in a press release that C. Todd Asbury will step down as president and CEO on March 31. James Kiser, bank president and CEO, will succeed Asbury, who will become a senior advisor through May 31, 2025. Asbury will remain on New Peoples’ board until its 2025 annual meeting.