Goldman Sachs in New York has agreed to sell its GreenSky platform to a group of institutional investors led by Sixth Street. The deal, which also includes KKR, Bayview Asset Management and CardWorks, is expected to close in the first quarter. The transaction includes support from PIMCO via an asset acquisition and strategic financing from CPP Investments.  The price wasn’t disclosed. “This transaction demonstrates our continued progress in narrowing the

Ally Financial in Charlotte, N.C., said CEO Jeffrey Brown will step down next year. The company said in a press release that Brown is leaving on Jan. 31 to become president of Hendrick Automotive Group. Ally’s board has hired an executive search firm to find a successor for Brown, who has been its leader since 2015. "I am so proud of how we transformed the company from the days of

Central Valley Community Bancorp in Fresno, Calif., has agreed to buy Community West Bancshares in Goleta, Calif. The $2.5 billion-asset Central Valley said in a press release that it will pay $99.4 million for the $1.1 billion-asset Community West. The deal, which is expected to close in the second quarter, priced Community West at 87.2% of its tangible book value. Central Valley will have 27 branches when the deal closes.

A group of investors in Costa Mesa, Calif., has agreed to buy Northern California Bancorp in Monterey, Calif. PCB Financial, formed for the purpose of the acquisition, will pay an undisclosed amount of cash and stock for the parent of the $212 million-asset Monterey County Bank, according to the Monterey County Weekly. The deal is expected to close by the end of this year. Charles Chrietzberg, Monterey County Bank’s chairman,

A group in Washington, D.C., is looking to form a bank to serve Ethiopian-Americans. Organizers of the proposed Moodai International Bank submitted an application on Oct. 5 with the Federal Deposit Insurance Corp. for deposit insurance. The application wasn’t immediately available. The Ethiopian American Investment Group said on the proposed bank’s website that it would be the nation’s first Ethiopian-American-owned bank. “Our mission is to help our community reach their

First Savings Financial Group in Jeffersonville, Ind., is getting out of national mortgage lending.   The $2.3 billion-asset company said in a regulatory filing that it will exit the business by the end of this year.   First Savings said that loan applications fell to their lowest level in two decades this year due to rising mortgage rates and housing prices, a decline in 1-4 family housing inventory and continued

Primis Financial in McLean, Va., has a new bank president. The $3.9 billion-asset company said in a press release that Rick Fulk had become president of Primis Bank. Fulk previously served as the bank’s regional executive for Virginia’s Richmond and Hampton Roads areas. Fulk succeeded Dennis Zember Jr., who remains president and CEO of the company and CEO of the bank. The promotion "is an exciting moment for our company

SVB Financial Group in Santa Clara, Calif., has sold its investment banking business to the unit’s management team. The company, which saw its bank fail in March, said in a press release that SVB Securities was rebranded as Leerink Partners. The investment bank’s management team, led by CEO Jeff Leerink, was backed by funds managed by The Baupost Group. The sale was approved by the U.S. Bankruptcy Court for the