Capital One Financial in McLean, Va., has agreed to buy Brex. The $476 billion-asset Capital One, fresh off its purchase of Discover, said in a press release that it will pay nearly $5.2 billion in cash and stock for the San Francisco payments fintech. The deal is expected to close in mid-2026. Brex is an AI-native software platform that assits businesses with corporate cards, automated expense management and real-time payments.

The Federal Deposit Insurance Corp. gave conditional approval to deposit insurance applications submitted by Ford Motor Co. and General Motors, clearing the way for the establishment of the proposed Ford Credit Bank and GM Financial Bank as Utah-chartered industrial banks. The approvals mark a significant milestone for the auto giants, allowing their captive finance arms to fund lending activities with insured retail deposits rather than relying solely on wholesale funding and

BV Financial in Baltimore streamlined its top position. The company disclosed in a regulatory filing that David Flair resigned as co-president and co-CEO on Jan. 22. BV Financial will pay Flair about $2.1 million in a lump sum. Flair will also receive his 2025 bonus. Flair agreed to a consulting agreement that will end on Sept. 7, 2028, which will allow him to vest his equity grants over time.

First Resource Bank in Lino Lakes, Minn., has agreed to buy First State Bank of Wyoming in Wyoming, Minn. The $750 million-asset First Resource expects to buy the $240 million-asset First State in the second quarter. The price wasn't disclosed. Barack Ferrazzano Kirschbaum & Nagelberg and CLA advised First Resource. Winthrop & Weinstine and Eide Bailly advised First State.

DeepSee.ai, a fintech that mines unstructured data and "operationalizes AI-powered insights," has raised $18.6 million in its Series A round. The fintech said in an announcement that the round was led by BankTech Ventures, EJF Ventures, Raido Capital and Broadridge. The Salt Lake City company was founded in 2019.

Bank CMG in Madison, Wis., has agreed to buy Farmers State Bank in Mineral Point, Wis. The $900 million-asset Bank CMG said in a press release that it expects to buy the $450 million-asset Farmers State by mid-2026. The price wasn't disclosed. "This acquisition reflects our commitment to growth and innovation within the state of Wisconsin," Christopher George, chairman of Greenwoods Financial Group, the holding company of Bank CMG, said

Berco in Salina, Kan., has agreed to buy Flint Hills Bank in Eskridge, Kan. The parent of the $1.3 billion-asset Bennington State Bank said in a press release that it plans to buy the $154 million-asset Flint Hills in the second quarter. The price wasn't disclosed. Flint Hills operates under its primary charter name while serving customers through four separately branded divisions. “This acquisition represents an exciting opportunity to expand

WaFd Bank in Seattle successfully appealed its Community Reinvestment Act rating. The bank received a "needs to improve" rating from the Federal Deposit Insurance Corp. in late 2024 for the period covering June 2020 to March 2024. After the bank filed an appeal with the FDIC's Supervision Appeals Review Committee, the rating was raised to "satisfactory." The main difference was the CRA lending test, which improved from "needs to improve"