First Guaranty Bancshares in Hammond, La., raised $10 million through a private placement. The $3.4 billion-asset company disclosed in a regulatory filing that it sold a million shares of common stock for $10 each. The company did not disclose the investors or what it plans to do with the proceeds. First Guaranty sold 710,000 shares of common stock in May at $14 each, raising roughly $10 million. The company said

BancPlus in Ridgeland, Miss., added a veteran investment banker to its board. The $7.6 billion-asset company disclosed in a regulatory filing that Charles White will become a director on Jan. 1. White is a managing director in the fixed income capital markets division of Stifel Financial. He was a director at State Bank & Trust before it was sold to BancPlus in 2020.

NSTS Bancorp in Waukegan, Ill., sold lower-yielding securities at a loss.   The $252 million-asset company said in a press release that it sold $30.5 million of securities at an after-tax loss of $1.8 million. The securities included U.S. Treasury notes, agency, mortgage-backed securities and collateralized mortgage obligations.   A portion of the proceeds will be used to repay about $10 million in existing debt. The rest will be redeployed

Bancorp 34 in Scottsdale, Ariz., revised its third-quarter results, turning a narrow gain into a net loss. The $575 million-asset company said in a press release that, because of a loan-loss reserve for a commercial real estate loan, it lost nearly $2.3 million in the quarter. The company previously reported net income of $3,000. “The reserve for the troubled credit was deemed necessary as the company progressed through the legal

Auburn National Bancorp. in Auburn, Ala., expects to report a fourth-quarter loss after selling available-for-sale securities. The $1 billion-asset company said in a press release that it sold $117.6 million of securities at a $4.7 million after-tax loss. Auburn National said it will use a portion of the $111.3 million of proceeds to repay $48 million of wholesale funding. The rest will be held in cash to fund future loan

Blue Ridge Bankshares in Charlottesville, Va., has received a much-needed capital infusion. The $3.3 billion-asset company said in a press release that it has agreements to raise $150 million through a private placement led by private investor Kenneth Lehman with participation from Castle Creek Capital Partners and existing investors, directors and officers. The company will sell 60 million new shares of common stock at $2.50 each and roughly 29.4 million

First United in Oakland, Md., sold a batch of securities at a loss. The $1.9 billion-asset company disclosed in a regulatory filing that it sold $20.4 million of securities at an after-tax loss of $3.2 million. The securities had a book value of $24.6 million. Proceeds will be used to fund loans with a conservative rate of about 7.85% and should increase earnings per share by about 15 cents. It

Allegacy Federal Credit Union in Winston-Salem, N.C., is playing the long game with CEO succession. The $2.2 billion-asset credit union said in a press release that Nathanael Tarwasokono will succeed Cathy Pace as president and CEO when she retires on Jan. 1, 2025. Tarwasokno, who will join the credit union on Feb. 15, was selected following a search conducted by DDJ Myers. He has been the president and CEO of