Coastal Financial in Everett, Wash., bought the GreenFi brand of climate-friendly consumer financial services products from Mission Financial Partners. The $4.6 billion-asset Coastal said in a press release that, as part of the deal, Mission Financial will continue to partner with the bank to operate and market the GreenFi program through its existing technology platform. The price wasn't disclosed. Coastal will remain the banking partner for GreenFi's consumer financial services

Zeal Credit Union in Livonia, Mich., has agreed to buy Miners State Bank in Iron River, Mich. The $1 billion-asset credit union said in a press release that it expects to buy the $100 million-asset Miners State in the fourth quarter. The price Zeal plans to pay MSB Bankshares in the all-cash transaction wasn't disclosed. Following completion of the deal, Miners State will liquidate and distribute its remaining assets to stockholders.

World Liberty Financial in New York has applied with the Office of the Comptroller of the Currency to form a national trust bank. WLTC Holdings applied to create World Liberty Trust Co. The proposed trust bank would issue and redeem stablecoin, offer on-ramp and off-ramp services, and allow for custody and conversion. “This application marks a further evolution of the World Liberty Financial ecosystem. USD1 grew faster in its first

European neobank bunq has reapplied for a national bank charter. The company, which withdrew a similar application in early 2024, is looking to form bunq US Bank through a charter with the Office of the Comptroller of the Currency. Bunq said in a press release that it plans to use the charter to offer services in major U.S. markets with big expat communities. “Our users are building their lives across

The Association of Vermont Credit Unions has a new leader. The association promoted Carrie Allen as its president and CEO. Allen had been the AVCU's chief operations officer since August 2024. Before that, she was chief marketing and strategy officer at Heritage Family Credit Union.

Amerant Bancorp in Coral Gables, Fla., sold three loans. The company disclosed in a regulatory filing that it agreed to sell up to five loans with a total balance of $74 million to Peachtree Group. Peachtree Group ended up buying three of the loans for $49.7 million.

A new buyer has emerged for Summit National Bank in Hulett, Wyo. Greg Jacobson, who initially came in third place in a bankruptcy auction to buy the bank, now has a deal after the two higher bidders were unable to gain regulatory approval, according to court documents. Victor Remsha initially won the auction last summer with a bid of about $5.5 million. Mode Eleven, the bank's holding company, tried to recapitalize

A proposed de novo in Dallas plans to work stablecoin into its business plan. The proposed Augustus National Bank plans to have a subsidiary called Juno Moneta that would provide issuance, custody, conversion, and payment of U.S. dollar-denominated, reserve-based stablecoins, according to an application with the Office of the Comptroller of the Currency. The bank would be wholly owned by Augustus Holding, which already owns Ivy GmbH, a German fintech.