Synchrony Financial in Stamford, Conn., has agreed to sell its pet insurance unit. The company disclosed in a regulatory filing that it will sell Pets Best Insurance Services to Poodle Holdings for a mix of cash and an equity stake in Independence Pet Holdings. Synchrony said it expects to record a $750 million after-tax gain on sale, subject to adjustment. The sale is expected to close in the first quarter.

Generations Bancorp NY in Seneca Falls has a new CEO. The $395 million-asset company disclosed in a regulatory filing that Angela Krezmer was also named president and appointed to its board with a term set to expire in 2025. Krezmer has been serving as principal executive officer since the death of predecessor Menzo Case. Prior to that, she was the company’s chief financial officer. The filing did not disclose any

Bank of America in Charlotte, N.C., was ordered by the Consumer Financial Protection Bureau to pay a $12 million penalty for submitting false mortgage lending data to the federal government. The CFPB claimed in a press release that the $2.4 trillion-asset BofA loan officers, for at least four years, failed to ask mortgage applicants certain demographic questions as required under federal law. The loan officers allegedly reported falsely that the

LCNB in Lebanon, Ohio, has agreed to buy Eagle Financial Bancorp in Cincinnati. The $2.4 billion-asset LCNB said in a press release that it will pay $23.1 million in cash and stock for the $176 million-asset Eagle. The deal, which is expected to close in the second quarter, priced Eagle at 91% of its tangible book value. Eagle has three branches, $141 million of loans and $135 million of deposits.

RBB Bancorp entered into a consent order with regulators requiring the Los Angeles company to improve its compliance with the Bank Secrecy Act and regulations governing anti-money laundering and countering the financing of terrorism. The Oct. 25 order between the $4.1 billion-asset RBB and the Federal Deposit Insurance Corp. and the California Department of Financial Protection and Innovation requires the bank to comply with all relevant laws and regulations tied

Jack Henry & Associates said that the president of its bank solutions group is retiring. The core systems provider said in a press release that Stacey Zengel plans to retire on June 30. Zengel, who joined the company in 1999, has held his current post since 2015. "On behalf of the entire board and management team, I want to thank Stacey for his dedication and valuable contributions during his outstanding tenure

First Busey in Champaign, Ill., is pushing deeper into Chicago with an agreement to buy Merchants and Manufacturers Bank in Oakbrook Terrace, Ill. The $12.3 billion-asset First Busey said in a press release that it will pay $41.6 million in cash and stock for the $417 million-asset M&M Bank. The deal, which is expected to close in the second quarter, priced M&M at 142% of its tangible book value. M&M

Benchmark Bankshares in Kenbridge, Va., will have a new leader in 2024. The parent of the $1 billion-asset Benchmark Community Bank said in a press release that E. Neil Burke will succeed Jay Stafford as president and CEO on Jan. 1. Stafford also plans to retire from the company and bank boards. Burke, who joined Benchmark in 1999, is the company’s chief financial officer. Beth Beale will succeed Burke as