PacWest Bancorp in Los Angeles has agreed to sell a portfolio of real estate construction loans.   The $44.3 billion-asset company disclosed in a regulatory filing that it will sell 74 loans with an aggregate balance of $2.6 billion to Kennedy-Wilson Holdings. Subject to certain conditions, PacWest will sell six more loans with a total outstanding balance of $363 million.   Kennedy-Wilson said in a separate filing that it will

Adams Bank & Trust in Ogallala, Neb., took its servers offline, disabling transactions using online banking and its mobile app, after being alerted to unusual activity “indicative of a cybersecurity threat.” The $1.3 billion-asset bank disclosed the issue on Tuesday via its Facebook page. The bank said it had hired third-party specialists to assist in investigating the activity and validating the security and integrity of its systems. “While we are

Bank of Marin Bancorp in Novato, Calif., has regained its footing with deposits.   The $4.1 billion-asset company shared in a presentation that it added $14.5 million of deposits between March 31 and May 10. That was a 0.4% increase from the end of the first quarter.   The traction is notable because Bank of Marin’s deposits decreased by $323 million, or 9%, during the first quarter. That included $204

LCNB Corp. in Lebanon, Ohio, has agreed to buy Cincinnati Bancorp in Cincinnati. The $1.9 billion LCNB said in a press release that it will pay $43.7 million in cash and stock for the $305 million-asset Cincinnati Bancorp. The deal, which is expected to close in the fourth quarter, values Cincinnati Bancorp at 108.9% of its tangible book value. The consideration could be lowered if Cincinnati Bancorp’s adjusted shareholders’ equity

Austin Capital Bank in Austin, Texas, has a new president.   Mark DeBiasio announced his hiring by the $329 million-asset bank on his LinkedIn account.   DeBiasio previously served as chief financial officer at NexTier Bank in Kittanning, Pa.

The Louisiana Credit Union League has a new CEO selected. The association said in a press release that Juan Fernandez Ceballos will also become its president in June. He is president and CEO of the Credit Union Association of New Mexico, a role he has held since 2021. Ceballos will succeed Steven Liberto, who has filled in on an interim basis. Liberto, executive vice president of business solutions, stepped into

Western Alliance Bancorp. in Phoenix continues to bounce back from a turbulent time in the wake of high-profile bank failures. The $71 billion-asset company said in an investor presentation that it has added more than $2 billion of deposits in the second quarter, with $49.6 billion on its balance sheet. That represents a roughly 4% increase. Western Alliance also noted that about 79% of its deposits are insured, an improvement

F.N.B. Corp. in Pittsburgh has invested $1.1 million in Hill District Federal Credit Union in Pittsburgh. The $44 billion-asset F.N.B. said in a press release that the funds will help Hill District, a minority depository institution, deliver financial services and resources to underserved communities. The funding, in the form of an equity equivalent investment, is part of a more than $200 million effort by F.N.B. to provide loans, investments and