An investor group has completed its purchase of two banks in Texas. Patrons Holdings agreed last year to buy Eden Financial, the holding company for Texas Financial Bank and Amistad Bank.  Connor Price, Patrons’ president and CEO, confirmed in a LinkedIn post that the deal had recently closed. “This monumental achievement was made possible by the support of the people that surround our team,” he said in the post. “I’m

BankTech Ventures in Sandy, Utah, has invested in three fintechs. The fund said in a press release that it had invested in Equabli, Filejet and Monit. The amount of the investments was not disclosed. Equabli mitigates customer delinquency and default with a suite of solutions that streamlines the payment, debt collection, and recovery process. Filejet helps banks attract and retain SMB customers by providing compliance capabilities with legal entity reporting

Joseph Otting has added another title at New York Community Bancorp in Hicksville. The $112.9 billion-asset company said in a press release that Otting had become its chairman. He had recently been named president and CEO after investors infused about $1 billion into the company. Alessandro. DiNello, who was chairman, will remain on the board and will serve as a senior advisor to Otting. New York Community said that the

D.L. Evans Bank in Burley, Idaho, has agreed to buy a branch in Ketchum, Idaho from First Interstate BancSystem in Billings, Mont. The $3.2 billion-asset D.L. Evans applied with the Federal Deposit Insurance Corp. to buy the branch, which had $21.5 million of deposits in mid-2023. The price wasn’t disclosed. The deal is expected to close in August.

ELGA Credit Union in Grand Blanc, Mich., has agreed to buy Marine Bank & Trust in Vero Beach, Fla. The $1.5 billion-asset credit union said in a press release that it will pay $43.75 a share in cash for the $650 million-asset unit of Marine Bancorp of Florida. The deal is expected to close early next year. The acquisition "will foster those relationships with our members and the communities we

Seacoast Banking Corp. of Florida in Stuart added a banking veteran to its board. The $14.8 billion-asset company disclosed in a regulatory filing that Eddy Arriola became a director on June 4. He also joined the board of Seacoast National Bank. Arriola was a market executive at Seacoast after it bought Apollo Bancshares, where he was chairman and CEO.

German American Bancorp in Jasper, Ind., has sold its insurance business. The $6.1 billion-asset company said in a press release that it sold the assets of German American Insurance to Hilb Group for $40 million in cash. The after-tax gain was $27 million. The sale “ensures the continued access to the best insurance products and services for our customers and provides a great new home for GAI’s employees,” D. Neil

The Independent Community Bankers of America tapped an industry veteran to lead its payments services subsidiary. The ICBA said in a press release that Jacob Eisen had become president and CEO of ICBA Payments. Eisen previously served as president of fintech banking at MVB Bank. Eisen’s "extensive experience and forward-thinking approach align perfectly with our mission to empower community banks with cutting-edge payment solutions," Kevin Tweddle, senior executive vice president