Strategic Insights into Banking & Fintech

Georgia Banking to buy Tandem Bank in Georgia

Georgia Banking to buy Tandem Bank in Georgia

Georgia Banking in Atlanta has agreed to buy Tandem Bank in Tucker, Ga. The $2.7 billion-asset Georgia Banking said in a press release that it expects to buy the $304 million-asset Tandem in the second quarter. The price wasn't disclosed. "We're excited to welcome the Tandem team to Georgia Banking Company," Bartow Morgan Jr., Georgia Banking's CEO, said in the release. "Tandem is a high-quality banking franchise built on prudent risk

February 25, 2026
Eagle Rock Bank applies to buy Riverland Bank in Minnesota

Eagle Rock Bank applies to buy Riverland Bank in Minnesota

Olmstead Holding in Rochester, Minn., has agreed to buy Riverland Bancorp. in Jordan, Minn. Olmstead, the holding company for the $272 million-asset Eagle Rock Bank, applied with the Federal Deposit Insurance Corp. on Feb. 24 to buy the parent of the $229 million-asset Riverland Bank. The price wasn't disclosed.

February 25, 2026
Republic in Ky. sells bank finance division for $6M pretax gain

Republic in Ky. sells bank finance division for $6M pretax gain

Republic Bancorp in Louisville, Ky. sold its Republic Bank Finance division to CAN Capital Merchant Services. The company disclosed in a regulatory filing that the sale, first announced in December, included $81 million of loans and about $1 million of related liabilities. Republic will record a $6 million pretax gain, net of broker commissions. Republic acquired the business as part of its March 2023 purchase of CBank.

February 25, 2026
Bank of Marin in Calif. to restate results to fix reciprocal deposit error

Bank of Marin in Calif. to restate results to fix reciprocal deposit error

Bank of Marin Bancorp in Novato, Calif., will restate financial statements for 2023 and 2024, as well as multiple interim periods in 2024 and 2025, to address an issue tied to classifying reciprocal deposits. The company disclosed in a regulatory filing that errors were identified during an annual review process tied to preparing the 2025 consolidated financial statements. The board decided to restate results after consulting with the audit committee,

February 25, 2026
Organizers planning New South Bank in Florida

Organizers planning New South Bank in Florida

A group is looking to open a bank in Tampa, Fla. Organizers of the proposed New South Bank said in a LinkedIn post that they aim to serve small businesses across Florida. "Our formation is based on a clear observation: many owner-operated and closely held companies want direct access to experienced bankers, informed guidance on SBA and USDA lending programs, and timely, transparent decision making," the post said. "We believe

February 24, 2026
Port Washington State Bank in Wis. hands reins to fifth-gen leader

Port Washington State Bank in Wis. hands reins to fifth-gen leader

Port Washington State Bank in Wisconsin has a new CEO with a familiar last name. The $1 billion-asset bank said in a press release that James Schowalter had succeeded his father, Steven Schowalter, as its leader. The younger Schowalter, who remains president, is the fifth generation of his family to lead the bank. Steve Schowalter will remain executive chairman of the bank and president of the holding company, Port Bancshares.

February 24, 2026
Blank check company among bidders for failed Chicago bank

Blank check company among bidders for failed Chicago bank

A blank-check company formed to buy failed banks was among the bidders for Metropolitan Capital Bank & Trust in Chicago, which was closed last month. Porticoes National Bank, formed in 2023, was one of six entities that bid on Metropolitan. First Independence Bank in Detroit would end up buying $212 million in deposits and $251 million of assets from the Federal Deposit Insurance Corp. The other bidders were Anchor Bank

February 24, 2026
Dime in N.Y. plans to rebrand as Dime Commercial Bank

Dime in N.Y. plans to rebrand as Dime Commercial Bank

Dime Community Bancshares in Hauppauge, NY., is planning a name change. The $15 billion-asset company said in a press release that it plans to rebrand as Dime Commercial Bancshares. Its bank would become Dime Commercial Bank. The changes, which require shareholder approval, are expected to happen soon after the May 28 annual meeting.

February 24, 2026