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

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.

Payoneer has applied with the Office of the Comptroller of the Currency for a national trust bank charter. The fintech said in a press release that the proposed PAYO Digital Bank would support stablecoin-enabled infrastructure for global businesses. “Payoneer is at the forefront of cross-border payments, and we believe stablecoins will play a meaningful role in the future of global trade,” John Caplan, the fintech's CEO, said in the release.

First Federal Bank of Wisconsin in Waukesha has a new CEO. The bank said in a press release that Steve Wierschem had succeeded Edward Schaefer, who remains chairman. Schaefer also remains president and CEO of the holding company, FFBW Inc. Wierschem, who was chief financial officer, will remain president. “Steve continues to perform at a very high level, and his promotion … is a natural next step,” Schaefer said in

The recently retired CEO of 1st Source in South Bend, Ind., disclosed his battle with bladder cancer. Chris Murphy, who also stepped down as president in October, wrote in a letter to shareholders that he was first diagnosed two years ago. While the cancer had been in remission, he wrote that it had returned and he will start a new chemo protocol that will force him to work remotely and

Crypto.com has received conditional approval for a national trust bank charter from the Office of the Comptroller of the Currency (OCC). The crypto exchange, which applied in October, said in a press release that its planned bank would operate as a custodian for digital asset treasuries and exchange-traded funds, among other things. “This conditional approval is the latest testament to both our commitment to compliance and to providing customers trusted

Texas Gulf Bancshares in Houston has a new bank CEO. The $695 million-asset company said in a press release that Steve Thompson has also become president of Texas Gulf Bank. Thompson, who was Houston area president at Prosperity Bank, also joined the boards of the company and the bank. “Following a thorough and deliberate search process, the board unanimously concluded that Steve is the right leader to guide the bank

OptimumBank Holdings in Fort Lauderdale, Fla., formed a new unit to support new HUD and FHA lending initiatives. OptimumFunding is expected to expand the company’s commercial real estate lending capabilities by offering bridge-to-HUD financing, FHA- and HUD-insured loan origination, and servicing and relationship management. In connection with the effort, OptimumBank will upstream a dividend to OptimumBank Holdings to facilitate a capital investment into the new unit. The amount wasn't disclosed.