ValueBank Texas in Corpus Christi has promoted an insider as its next president. Seth Watts announced on his LinkedIn profile that he had taken on the added role. He remains the $292 million-asset bank’s chief financial officer. Watts, who is also a director, succeeded R. Scott Heitkamp, who remains ValueBank’s CEO. Prior to joining ValueBank in 2013, Watts was CFO and chief operating officer at Valliance Bank.

Parlay, which developed a B2B SaaS platform for alternative credit scoring, has raised $1.3 million of pre-seed financing. The fintech announced that Fenway Summer led the financing round. Other participants included Hivers & Strivers Capital, Capacity Capital, Service Provider Capital, Alumni Ventures and Techstars Boulder Accelerator. Angel investors were also involved. Parley also creates new loan approval channels for small business borrowers.

Guild Mortgage in San Diego has agreed to buy Academy Mortgage in Salt Lake City. The price wasn’t disclosed. Academy has about 200 branches and more than 1,000 employees, including 600 licensed mortgage originators. Academy’s loan volume represents a roughly 25% increase in annual origination volume for Guild. The lenders “share a commitment to the purchase mortgage market and believe in local sales and fulfillment that builds on our customers

Capital Funding Bancorp in Baltimore didn’t have to look far to find its new bank CEO. The holding company for the $5 billion-asset CFG Bank said in a press release that Jack Dwyer had become the bank’s CEO. Dwyer is the company’s chairman and CEO. Dwyer succeeded Bill Wiedel. Separately, Erik Howard was named president and chief operating officer at the company and the bank. Chris Chick, the bank’s COO,

Cambridge Savings Bank in Cambridge, Mass., has a new CEO. The $6 billion-asset mutual bank said in a press release that Ryan Bailey will also become its president on Feb. 28. He will succeed Wayne Patenaude, who is retiring. Bailey previously served as head of retail banking at USAA. “After over a decade of such strong direction from Wayne, we made it a priority to select an exceptional leader who

PNC Financial Services Group in Pittsburgh plans to invest $1 billion over the next five years to open more than 100 branches and renovate another 1,200 locations. The $562 billion-asset company said in a press release that it will focus on several markets, including Dallas, Denver, Houston, Miami and San Antonio. "Our branch network is the heartbeat of our Retail business, offering friendly and convenient service to the millions of customers who step through

Liberty Bank in Middletown, Conn., has expanded its digital-only bank to three new states. The $7.5 billion-asset mutual bank has introduced its Owners Bank platform to Georgia, North Carolina and South Carolina, according to the Hartford Business Journal. Owners, which caters to small business owners, already operated in Rhode Island, Massachusetts, Connecticut, Pennsylvania and Florida. It offers loans and credit lines, business interest checking, savings accounts and business credit cards.

New York Community Bancorp in Hicksville made it clear that Alessandro DiNello is in charge. The $116.3 billion-asset company disclosed in a regulatory filing that Thomas Cangemi, its president and CEO, now reports directly to DiNello, who became executive chairman on Feb. 7. New York Community’s board also changed the company’s bylaws to require support from three-fourths of directors to remove DiNello over the next two years. The same threshold