TCM Bank in Tampa, Fla., announced that its CEO had resigned. The $325 million-asset bank, a unit of ICBA Payments, said in a LinkedIn post that Damon Moorer also stepped down as its president. He had been CEO for the past eight years. “Damon has served as a pivotal force behind the growth and success of our organization,” the bank said in the post. “His leadership has significantly contributed to

City National Bank of Florida in Miami has created a national capital markets group. The $26.1 billion-asset bank said in a press release that BciCapital will focus on serving middle-market sponsors across a variety of industries and segments. Its services will include loan syndications, capital placement and specialty capital. BciCapital is led by Raul Llanes, a managing director at the bank. “This new group is a springboard in completing capital

CRB Group in Fort Lee, N.J., has added three directors. The parent of the $8.9 billion-asset Cross River Bank said in a press release that Roland Fryer, Richard Laxer and Gabrielle Vitale had joined its board. Laxer retired as chairman and CEO of GE Capital in 2018. Vitale was global chief compliance and ethics officer at American Express when she retired. Fryer, a professor of economics at Harvard University, is

Texas Capital Bancshares in Dallas has created a new private credit division. The $29.1 billion-asset company said in a press release that Texas Capital Direct Lending will focus on middle-market companies and private equity sponsors in Texas. The division will emphasize senior secured floating-rate term loans. The division will lend to companies with $5 million to $50 million in EBITDA. Tim Laczkowski was hired as managing director and is leading

Customers Bancorp in West Reading, Pa., must improve its risk management practices for its digital asset strategy under a written agreement with the Federal Reserve. The $20.9 billion-asset company must also address deficiencies in its Bank Secrecy Act and anti-money laundering compliance. The agreement also noted shortcomings following regulations tied to the Treasury Department's Office of Foreign Asset Control (OFAC). The Fed said in the Aug. 5 enforcement action that

Truist Financial in Charlotte, N.C., reached a seven-year agreement to become the title sponsor of the PGA Tour’s golf tournament in the bank’s headquarters city. After being held in Philadelphia next year, the newly renamed Truist Championship will return to the Quail Hollow Club starting in 2026. The course will host the PGA Championship next year. Financial terms were not disclosed. "We look forward to partnering with the PGA Tour

Security Bancshares in Paris, Tenn., has agreed to buy Bancshares of Ripley in Ripley, Tenn. Security is the $1.2 billion-asset parent of Security Bank and Trust, while Bancshares of Ripley is the holding company for the $280.1 million-asset Bank of Ripley. The merger was announced by Performance Trust Capital Partners, which was an advisor for the deal. The price wasn’t disclosed.

Berco in Salina, Kan., has agreed to buy New Millennium Bankshares in Topeka, Kan. Berco, the parent of the $994 million-asset Bennington State Bank, said it expects to buy the holding company for the $149 million-asset Alliance Bank in the fourth quarter. The price wasn’t disclosed. Alliance Bank has two branches. Olsen Palmer and Stinson advised New Millennium. Gerrish Smith Tuck advised Berco.