Liberty Capital Bancshares in Addison, Texas, has agreed to buy Southwestern Bancorp in Boerne, Texas. The transaction between the parent company of the $415 million-asset Liberty Capital Bank and the holding company for the $225 million-asset Texas Heritage Bank was announced by Performance Trust Capital Partners. Performance Trust advised Liberty Capital. The financial terms were not disclosed.

Silvergate Capital, which voluntarily liquidated its bank, filed for Chapter 11 bankruptcy protection in Delaware. The holding company for the now-defunct Silvergate Bank in La Jolla, Calif., shut down amid the collapse of crypto exchange FTX. The decision to liquidate in March 2023 preceded the high-profile failures of Silicon Valley Bank, Signature Bank and First Republic Bank. Silvergate Capital, which had no remaining business lines, said it will divide its

TD Bank Group in Toronto will have a new CEO in 2025. The company said in a press release that Raymond Chun will succeed Bharat Masrani when he retires in April. Chun is group head, Canadian personal banking, will become chief operating officer and join the board on Nov. 1. Masrani will serve as an advisor to the bank until Oct. 31, 2025. "Bharat helped to build TD over almost

OceanFirst Financial agreed to settle claims by the Justice Department and the Department of Housing and Urban Development that it violated the Equal Credit Opportunity Act and Fair Housing Act in the New Brunswick-Lakewood, N.J., market. The company said in a press release that it committed $14 million to create a mortgage loan subsidy fund. It also pledged $400,000 to community partnerships and $140,000 annually in targeted marketing. OceanFirst said

Kentucky First Federal Bancorp in Hazard reported a quarterly loss that reflected a $947,000 goodwill impairment charge. The $375 million-asset company said in a press release that it lost $1.1 million in the quarter that ended June 30. It earned $42,000 a year earlier. The impairment charge reflected goodwill from the company’s March 2005 purchase of Frankfort First Bancorp. In recent months, the company has been operating under a formal

Carver Bancorp in New York has a new leader. The company said in a press release that Donald Felix will become president and CEO on Nov. 1. He will also join Carver's board. Felix, who was head of national banking and expansion at Citizens Financial Group, will succeed Craig MacKay, who has been interim president and CEO since October 2023. MacKay will remain on the board. "Don Felix has an outstanding

Financial Institutions in Warsaw, N.Y., is shutting down its Banking-as-a-Service platform. The $6.1 billion-asset holding company for Five Star Bank said in a press release that "the orderly wind down" followed a review by its management team and board as part of the annual strategic planning process. The decision also considered the contribution of BaaS to the company's core financial results, evolving regulatory expectations and a proposed rule tied to

Tom O’Brien has turned around and sold another bank. EverBank in Jacksonville, Fla., agreed to buy Sterling Bank and Trust in Southfield, Mich., in an all-stock deal valued at $261 million. The sale is expected to close in the first quarter. Sterling, as a condition of the deal, will sell its $373 million portfolio of residential tenant-in-common mortgage loans to Bayview Acquisitions. Trusts and family trusts that own about 38%