Trustar Bank in Great Falls, Va., has agreed to buy branches in Maryland from Forbright Bank. Trustar said in a press release that it will buy locations in Potomac and North Bethesda, along with a customer service hub in McLean, Va. The deal includes $750 million in deposits at a $19 million deposit premium. The acquisition, which is expected to close in the fourth quarter, should be accretive to Trustar's

Exchange Bank in Santa Rosa, Calif., is looking for a new leader. The $3.2 billion-asset bank said in a press release that Troy Sanderson will retire as president and CEO in the fourth quarter. The board will begin a nationwide search for Sanderson's replacement. The plan is to hire a president who can eventually become CEO.

Nissan Motor Co. has reportedly abandoned plans for an industrial bank based in Utah. The automaker opted to cancel the initiative to prioritize cost-cutting measures as part of a broader corporate restructuring and shifting economic conditions, according to Automotive News. Nissan's captive finance arm, Nissan Motor Acceptance Co., applied in June 2025 to form Nissan Bank US in Salt Lake City. The ILC would have allowed Nissan to tap into low-cost

QNB Corp. in Quakertown, Pa., plans to raise at least $42.3 million by selling common stock. The company said in a press release that it will sell nearly 1.1 million shares of stock at $42 each. It could sell another 161,000 shares if there is enough demand. Proceeds could be used for a balance sheet restructuring that includes selling securities, redeeming subordinated debt, funding loans, and supporting capital ratios, among

Pontiac Bancorp in Pontiac, Ill., has agreed to buy Ottawa Bancorp in Ottawa, Ill. The parent of the $1.2 billion-asset Bank of Pontiac will pay $45.5 million in cash for the holding company of the $356 million-asset OSB Community Bank. The deal is expected to close in the first quarter. Pontiac was advised by Olsen Palmer.

Kita, an AI credit underwriting and assessment platform, raised $4.5 million in a seed round. The fintech said in a LinkedIn post that the round was led by BoxGroup, with participation from Y Combinator, Golden Gate Ventures, U.S. News & World Report, BEENEXT, and Kaya Founders, as well as angels from Apple and Mercor. "We're building AI underwriting infrastructure that turns these messy docs into a credit assessment in under 60

Pro basketball player Harrison Barnes is inching closer to buying Community State Bank in Paton, Iowa. Shareholders of the $42.8 million-asset bank recently approved a sale to Barnes Bancorp. The Federal Reserve must still approve an application for Barnes Bancorp to become a bank holding company. Jeff Plagge, a lifelong banker, former state bank commissioner and managing director of Harrison Barnes & Co., announced on LinkedIn that he had become

Bryant Bank in Tuscaloosa, Ala., has shuffled its leadership team. The $2.9 billion-asset bank said in a press release that Mike Mitchell had become its president. Mitchell, who was chief credit officer, succeeded Claude Edwards, who became president emeritus and chief strategy officer. Patrick Hamner was named chief credit officer, succeeding Mitchell. Hamner was executive vice president of commercial loans and credit administration. “Claude has led Bryant Bank with the