FNCB Bancorp in Dunmore, Pa., has decided not to buy any more shares in Quaint Oak Bancorp in Southampton, Pa. The $812 million-asset Quaint Oak disclosed in a regulatory filing that FNCB will terminate an agreement that would have allowed it to buy roughly 116,000 shares of Quaint Oak common stock. The agreement was signed in December when FNCB bought nearly 106,000 Quaint Oak shares, or a roughly 4.9% stake.

Pacific West Bancorp in Portland, Ore., is the latest bank to take steps to avoid brand confusion. The parent of the $282 million-asset Pacific West Bank used a post on its website to address any confusion with PacWest Bancorp, a Los Angeles company that has been the subject of speculation since two high-profile bank failures in March. Pacific West Bancorp “is not in any way related to a similarly named

Republic First Bancorp in Philadelphia is getting out of the mortgage business. The $6.2 billion-asset company also said in a press release that it cut an undisclosed number of jobs in its New York lending and credit teams under an effort to streamline its operations in the market. Republic First said its mortgage business primarily consisted of aggressively priced long-term jumbo mortgages that “no longer aligns with the company’s preference

First Internet Bancorp in Fishers, Ind., is reporting a larger first-quarter loss after recording an additional charge off for a commercial loan. The $4.7 billion-asset company, which had previously announced a $4.7 million partial chargeoff for the participation loan, wrote off another $2.2 million after gathering more information about the relationship. First Internet said in a regulatory filing that it expects to receive payment for the remaining balance of the

At least 19 banks have tapped into the Federal Reserve’s Bank Term Funding Program. Those banks have borrowed more than $32 billion in BTFP funds, according to data compiled by S&P Global Market Intelligence. The funding facility was formed in the wake of the high-profile failures of Silicon Valley Bank and Signature Bank to provide lenders with added liquidity. The idea is that the funds will keep banks from having

Western Alliance Bancorp. said it is weighing its legal options after the Financial Times published an article saying the Phoenix company is considering a sale. The $50 billion-asset Western Alliance said in a press release that the article is “categorically false in all respects.” The company said it is not exploring a sale and has not hired an adviser to explore strategic options. “It is shameful and irresponsible that the

Inspire Bank, a proposed Houston de novo, plans to apply to become a minority depository institution (MDI). Organizers also plan to form Inspire Holdings, a holding company for the proposed bank, according to an application with the Office of the Comptroller of the Currency. The bank plans to focus on entrepreneurs and small and midsize businesses. Lyla London, Eduardo Gutierrez, Bruce Lammers, Ramy Mankarious and Ryan Watson are the proposed

Noble Credit Union in Fresno, Calif., has a new CEO. The $1.2 billion-asset credit union said in a press release that Gino Cayanan had also become its president. Cayanan succeeded Susan Ryan, who retired after leading the credit union for 22 years. Cayanan recently served as chief financial officer at Los Angeles Police Federal Credit Union.