Citizens Bank of Edmond in Oklahoma has launched a digital bank for members of the military. The $350 million-asset bank launched Roger, which builds off a mortgage platform it created last year. An app is also available for the platform. “Years in the making, this moment is a testament to the unwavering dedication of countless individuals who believe in our mission,” the bank said in a LinkedIn post. “We're not

Franklin Bancorp in Franklin, Ky., has raised $2.8 million through a private placement. The parent of the $715 million-asset Franklin Bank & Trust sold common stock, according to data compiled by Performance Trust Capital Partners. The data did not detail how much stock was sold, the pricing or the investors.

Carver Bancorp in New York has tapped an interim CEO while it looks for a permanent successor for Michael Pugh. The $723.2 million-asset company said in a press release that Craig MacKay will also become interim president on Oct. 1. Carver previously announced that Pugh is stepping down on Sept. 30 to become CEO of the Local Initiatives Support Coalition, a national nonprofit. MacKay has been an independent Carver director

A unit of WSFS Financial in Wilmington, Del., has bought accounts tied to an investment advisory firm in Rehoboth Beach, Del. Bryn Mawr Capital Management will also gain six associates who worked at Bell Rock Capital, including Jackie Reeves, who will lead the Florida office. Bell Rock founder Cassandra Toroian, who has been fighting legal claims by the Securities and Exchange Commission over her trading practices, will not join the

Three former directors of a failed Chicago bank have pleaded guilty to trying to hide embezzlement from the Office of the Comptroller of the Currency. George Kozdemba, William Mahon and Janice Weston conspired to falsify Washington Bank for Savings’ records shared with the OCC, according to pleas given in U.S. District Court for the Northern District of Illinois. The directors "falsified records to make it appear Washington Federal was operating in compliance

Savile Capital Group, a wealth management firm in Sheridan, Wyo., has agreed to buy Farmers State Bankshares in Cheyenne, Wyo. Savile said in a press release that it expects to buy the parent of the $295 million-asset Wyoming Bank & Trust in 2024. The price wasn’t disclosed. Wyoming Bank & Trust has two branches, $245 million of deposits and $122 million of loans. Jeff Wallace will remain the bank’s CEO.

Riverview Bancorp in Vancouver, Wash., has ended its CEO's employment. The $1.6 billion-asset company, which had placed Kevin Lycklama on paid administrative leave, said in a subsequent press release that its board voted to remove him “without cause.” The termination of employment is effective Sept. 6. Dan Cox, Riverview’s chief credit officer, was named acting president and CEO. A Riverview representative told Banking Dive that Lycklama was terminated due to

Aggressive interest rate hikes by the Federal Reserve led Bancorp 34 in Scottsdale, Ariz., and CBOA Financial in Tucson, Ariz., to temporarily suspend merger discussions. The $574.9 million-asset Bancorp 34 would eventually agree in April to buy the $372.2 million-asset CBOA for $28 million. The banks’ leaders first met in November 2020 and a nondisclosure agreement was signed a month later, according to a regulatory filing tied to the pending