Greg Becker has resigned as CEO of SVB Financial Group in Santa Clara, Calif. The company disclosed in a regulatory filing that Becker, who had been its CEO, stepped down on Wednesday. He also resigned from SVB’s board. SVB also disclosed the Daniel Beck had resigned as chief financial officer. Becker entered into an agreement to provide consulting services to the company as needed – at no cost. Nicholas Grossi,

Though unsuccessful in an effort to buy Silicon Valley Bank and Signature Bank, Johnny Allison is still interested in bidding on other failed banks. Allison, president and CEO of Home BancShares in Conway, Ark., confirmed that the $22.5 billion-asset company vied for the failed banks but fell short to New York Community Bancorp and First Citizens BancShares. Home is also interested in buying what is left of the bridge banks

CrossFirst Bankshares in Leawood, Kan., has agreed to buy Canyon Bancorp. in Tucson, Ariz. The $6.9 billion-asset CrossFirst said in a press release that it will pay $15.1 million in cash and stock for the parent of the $198 million-asset Canyon Community Bank. The deal is expected to close in the second half of this year. Canyon has one branch, $122 million of loans and $169 million of deposits. “We

FVCBankcorp in Fairfax, Va., reported lower earnings that reflected balance sheet repositioning and a loss tied to its investment in a mortgage lender. The $2.4 billion-asset company said in a press release that its first-quarter net income fell by 91% from a year earlier, to $621,000. FVCBankcorp had an after-tax loss of $3.6 million tied to its decision in late February to sell $40.3 million of mortgage-backed securities. The securities

Western Alliance Bancorp. in Phoenix is looking to sell loans and rebuild its deposit base as part of a plan to increase liquidity and get its Tier 1 capital ratio back to 11%. Loans held for sale at the $71 billion-asset company rose from $1.2 billion at yearend to $7 billion on March 31. Its Tier 1 capital ratio stood at 10.1% at the end of the first quarter. “To

Comerica in Dallas provided more details on the deposit outflows that took place during the first quarter. The $91.1 billion-asset company said in a press release that deposits fell by $3.7 billion, or 5.2%, between March 9 and March 31. The decrease reflected “diversification efforts by customers with excess balances significantly above those of the average relationship profile,” the release said. The decreases included $926 million in retail banking, $914

National Bank Holdings in Denver has bought a deposit acquisition and processing platform from StoneCastle Partners. The $9.9 billion-asset banking company did not disclose how much it paid for StoneCastle Digital Solutions, which operates as Cambr. Cambr, which handles accounts for embedded finance companies, administers about $1.7 billion of deposits comprising more than 500,000 FDIC-insured cash accounts. Many of the deposits are transaction accounts. “Cambr provides us the ability to

Farmers & Merchants Bancorp in Archibold, Ohio, reported lower quarterly earnings that reflected higher noninterest expenses and a decision to sell securities at a loss. The $3.1 billion-asset company said in a press release that its first-quarter net income fell by 20% from a year earlier, to $6.5 million. Farmers & Merchants said it sold $21.6 million of securities in the first quarter at an $891,000 loss. Noninterest expenses rose