Hilltop Holdings in Dallas is moving around several executives due to the pending retirement of its bank CEO.   The $16.4 billion-asset company said in a press release that Jerry Schaffner will also retire as president of PlainsCapital Bank on May 1. He has been in those roles since 2010.   Jeremy Ford, Hilltop’s president and CEO, will become bank CEO and Brian Heflin, PlainsCapital’s chief operating officer, will become bank

Dream Chasers Capital, a New York-based minority-run investment fund, has raised its offer to buy a large stake in Carver Bancorp in New York. The investment group said in a press release that it wants to buy a 35% stake in the $743 million-asset Carver for $3.25 a share. That amount is 8% higher than what the group offered in September and more than double the banking company’s current stock

Pacific Premier Bancorp in Irvine, Calif., sold nearly $1.3 billion of securities at a loss. The $20 billion-asset company said in a press release that its sold the securities, largely consisting of lower-yielding agency and mortgage-backed debt securities, for an estimated $182.3 million after-tax loss. Pacific Premier said it plans to deploy the net proceeds in the fourth quarter into a mix of cash and higher-yielding earning assets with an

A group looking to form a bank in Jersey City, N.J., plans to raise at least $23 million of capital. Chroma Community Bank would be state-chartered, according to organizers’ application with the Federal Deposit Insurance Corp. for deposit insurance. “The bank intends to offer a full range of business and retail banking services focused primarily on serving small to medium-sized businesses,” or those with less than 100 employees, the application

Citizens Bank of Edmond in Oklahoma has been designated as a minority depository institution (MDI) by the Treasury Department. The announcement was made on LinkedIn by Jill Castilla, the $375 million-asset bank’s CEO. “This program further enhances deposit options [and] our long-term growth and relevancy,” she said in the post. Citizens’ biggest shareholder is its employee stock ownership program, which lead to the bank qualifying as a women-owned bank and

Vast Bank in Tulsa, Okla., an early pioneer in dealings with cryptocurrency, has entered into a consent order with the Office of the Comptroller of the Currency. The $1 billion-asset bank must form a compliance committee with at least three independent directors and submit a three-year capital and strategic plan. Vast must also have a written liquidity risk management program The order gives the bank 60 days to attain a

Performance Trust Capital Partners has agreed to buy Monroe Financial Partners to bolster its services for community banks and depository investors. Monroe, which will continue to operate under its brand, is a market maker in more than 350 smaller banks. "Given the challenging operating environment for banks, we expect there will be opportunity for growth and market share gains for those who are prepared," Daryle DiLascia, Performance Trust’s head of

Bank of New Hampshire in Laconia has laid off 19 employees and ceased accepting applications for mortgages and other consumer loans. "This has been in the works since this year,” Chris Logan, the $2.5 billion-asset bank’s president and CEO, told WMUR.com. “That was done because over the past several years … the cost to originate a loan has exceeded the premiums of what she would earn on those loans,” he