Strategic Insights into Banking & Fintech
National Bank Holdings in Denver has invested in the Nav marketplace for small business deposit and lending solutions. The company said in a press release that it invested $5 million in Nav and that Tim Laney, its chairman and CEO, will serve as an observer on the marketplace's board. Nav offers a suite of tools to help entrepreneurs access, monitor, and build credit. It also provides small business owners with
Jefferson Bank in San Antonio will soon have a new leader. The $3 billion-asset bank said in a press release that Danny Butler will retire as president and CEO at the end of this year. Mitch Walker, the bank's chief operating officer, will become CEO. Reagan Winslow, who leads the bank's trust division, will become president. "Our leadership transitions are not just about titles — they reflect commitment to our strength,
First Community Bankshares in Bluefield, Va., has agreed to buy Hometown Bancshares in Middlebourne, W.Va. The $3.2 billion-asset First Community said in a press release that it will pay $41.5 million in stock for the parent of the $402 million-asset Union Bank. The deal, which is expected to close early in the first quarter, priced Hometown at 158% of its tangible book value. The acquisition "is a natural expansion into
GreatAmerica Holdings, which owns a commercial equipment finance company, has agreed to buy Heritage Bank in Marion, Iowa. GreatAmerica did not disclose how much it would pay for the $40.4 million-asset Heritage, which it plans to rebrand as GreatAmerica Bank. “GreatAmerica and Heritage Bank will work in tandem ... to continue growing and strengthening our existing customer relationships—while also building new ones—across all the industries we serve,” Martin Golobic, GreatAmerica's
Stripe has agreed to buy Orum.io, a New York fintech that builds infrastructure to allow for instant money movement across U.S. financial institutions. Stephany Kirkpatrick, who founded Orum in 2019, announced the sale in a LinkedIn post. The price wasn't disclosed. "After thoughtful consideration, it became clear that we have a rare opportunity to accelerate Orum’s mission and greatly increase our impact by becoming part of Stripe," she wrote. "Alongside
Arrha Credit Union in Springfield, Mass., has agreed to merge into another credit union after its unconventional plan to sell to Pittsfield Co-operative Bank in Pittsfield, Mass., fell through. The $2.2 billion-asset BrightBridge Credit Union in Lawrence, Mass., will absorb Arrha in a merger that should be completed earlier next year. “Arrha Credit Union has a long-standing reputation for supporting its members with integrity, care and genuine down-to-earth service. Our
Home BancShares in Conway, Ark., is looking for an acquisition to help it meet a big financial goal. The $22.9 billion-asset company is keen to boost annual net income to $500 million in 2026, Chairman and CEO Johnny Allison said during a conference call to discuss quarterly earnings. "We need to find something to buy that will be additive to our income," Allison said. "That just rings the bell with
HomeStreet in Seattle has agreed to sell its Ginnie Mae mortgage servicing portfolio. The $8 billion-asset HomeStreet, which recently agreed to sell itself to Mechanics Bank in California, did not disclose the buyer. The sale is expected to close on Aug. 1. The principal balance of the loans to be sold was $794 million on June 30, 2025. Because HomeStreet carried the portfolio at current market value on June 30,
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