NSTS Bancorp in Waukegan, Ill., sold its mortgage business to comply with the terms of its pending sale to Brookfield Bancshares in Brookfield, Ill. The $333.4 billion-asset Brookfield agreed in May to pay $73.7 million in cash for the $266.6 million-asset NSTS in a deal expected to close in the fourth quarter. NSTS transferred certain assets, including real estate leases, third-party vendor contracts, trademark rights and other IT assets to

First Federal Bank in Lake City, Fla., has agreed to sell its third-party mortgage origination division. The $4.4 billion-asset bank said in a press release that it will sell the division, including QRL Financial, to Mortgage Forward in Chicago, a credit union service organization affiliated with Great Lakes Credit Union. The price wasn't disclosed. The sale is expected to close in the third quarter. The sale “allows our talented and dedicated

Ramp raised $750 million in a Series F fundraising round. The fintech said the funding round valued it at $44 billion. The round included 70,000+ customers, ICONIQ, GIC, Ontario Teachers'​ Pension Plan, and several new investors. "For 2000 years, business was built on two pillars. Today, a third: intelligence," CEO Eric Glyman said in a LinkedIn post. "It’s your least governed cost. It’s also your single greatest opportunity."

CCBank in Pleasant Grove, Utah, created a bank division designed to offer services to fintechs. The bank said in a press release that Quill Bank will launch on June 30. "The fintech space is driven by innovation, but innovation without a solid banking backbone can be a liability," Andrew Cusick, CCBank's chief business development officer, said in the release. "Quill Bank exists because the fintechs we work with deserve a

Organizing groups are pursuing bank charters in Florida and Puerto Rico. A group applied to the Federal Deposit Insurance Corp. on May 27 to form Dorado Bank in San Juan, P.R. A separate group submitted an application to the FDIC on June 2 to open Glades Bank and Trust in Plantation, Fla. The applications were not immediately available.

First National of Nebraska in Omaha has agreed to buy Blue Ridge Bancshares in Independence, Mo. The $35 billion-asset parent of FNBO said in a press release that it expects to buy the holding company for the $850 million-asset Blue Ridge Bank and Trust by the end of this year. The price wasn't disclosed. “FNBO has been intentional about our growth in this region, and Blue Ridge Bank fits that

FS Bancorp in Mountlake Terrace, Wash., has a new CEO. The company said in a press release that Matthew Mullet had succeeded Joe Adams, who retired. Mullet will remain the company's president, as well as president and CEO of the bank. Adams will remain on the board.

Orrstown Financial in Harrisburg, Pa., has a new leader. The $5.6 billion-asset company said in a press release that Adam Metz had become its president and CEO. Metz, who was chief operating officer, succeeded Thomas Quinn Jr., who retired. Metz also joined the board. “Adam is a proven and respected leader who understands our markets, our clients, and the importance our commitment to community banking,” Joel Zullinger, Orrstown's chairman, said