A group is looking to form a commercial bank in Miami. Organizers of the proposed Florida Bank of Finance applied to the Federal Deposit Insurance Corp. on April 16. The filing wasn't immediately available. A legal notice tied to the filing lists seven organizers: Lorenzo Delzoppo, Roberto Munoz, Daniel Prinzing, Carlos Domingo, Katya Fisher, Marco Guerra de Sa, Fred Matera. Munoz was Miami market president for First Horizon and a

Vista National Bank & Trust in Harveyville, Kan., has a new name. The $63 million-asset bank said in a press release that it had rebranded as Ventura National Bank & Trust. The move followed the realization that a similarly named bank was coming up in searches. “AI has accelerated how quickly brand distinction, or lack thereof, becomes visible,” Chris Williams, the bank's co-founder and CEO, said in the release. “That

LendingClub in San Francisco plans to rename its bank. The fintech said in a press release that it will rebrand LendingClub Bank as Happen Bank. The new brand, which will debut this summer, reflects LendingClub's transition "from a pioneering online lender to a diversified digital-first bank that combines lending and deposits in an intuitive multi-product customer experience," the release said. "The LendingClub name no longer fits with everything we offer today,"

Peoples Bancorp in Marietta, Ohio, has agreed to buy Citizens National in Paintsville, Ky. The $9.6 billion-asset Peoples said in a press release that it will pay $76.6 million in cash and stock for the $686 million-asset Citizens. The deal, which is expected to close in the second half of this year, priced Citizens at 118% of its tangible book value. Citizens has 12 branches, $342 million in loans, and

United Community Banks in Greenville, S.C., agreed to buy Peach State Bancshares in Gainesville, Ga. The $28.2 billion-asset United said in a press release that it will pay $100.8 million in cash and stock for the $788 million-asset Peach State. The deal, which is expected to close in the third quarter, priced Peach State at 194% of its tangible book value. Peach State has $498 million in loans and $713

Mission Lane has applied to the Office of the Comptroller of the Currency to open a credit card bank. The credit card fintech aims to open Mission Lane Bank, which would operate under limitations that apply to credit card banks under the Competitive Equality in Banking Act of 1987. The proposed bank would engage only in credit card operations, would not accept demand deposits or deposits withdrawable by check, would

A group is looking to form a national bank to offer traditional banking with blockchain infrastructure. The proposed OpenReserve Bank would offer lending, deposit, stablecoin, digital treasury, card issuance, payment, and settlement services, according to an application with the Office of the Comptroller of the Currency. The group, which is seeking deposit insurance from the Federal Deposit Insurance Corp., would operate out of Salt Lake City. OpenReserve also plans to

Federal Savings Bank in Chicago is dealing with a consent order from the Office of the Comptroller of the Currency tied to alleged deceptive advertising to veterans. The OCC alleged that the $1.1 billion-asset bank instructed millions of consumers to contact the bank because they had “available funds.” The ad turned out to be a solicitation for a Department of Veterans Affairs cash-out refinance loan that required consumers to access