Family Savings Credit Union in Rainbow City, Ala., has agreed to buy two branches from Citizens Bank & Trust. The deal for the branches, located in northern Alabama, includes $19 million of loans and $44 million of deposits. The price wasn't disclosed. The sale is expected to close in the second half of this year. Olsen Palmer advised the $1.1 billion-asset Citizens. The $1.2 billion-asset Family Savings previously bought two

MrBeast seems poised to take a move into financial services to the next level. Jimmy Donaldson, the man behind the brand, announced on X that he is buying youth-focused financial services app Step. The price wasn't disclosed. "Nobody taught me about investing, building credit, or managing money when I was growing up," MrBeast wrote in the post. "That's exactly why we’re joining forces with Step! I want to give millions

California’s Credit Unions and Nevada’s Credit Unions have a new leader. The associations said in a press release that Jeremy Empol will become president and CEO on March 9. Korn Ferry conducted the search. Empol was senior vice president of public affairs and industry outreach for the Federal Home Loan Bank of San Francisco. “Jeremy’s experience, leadership, and deep commitment to our industry make him the right choice to lead

Fifth District Bancorp in New Orleans removed "interim" from its CEO's title. The company said in a press release that Amie Lyons was also named president permanently. She had been serving on an interim basis since June, following the death of Brian North. “Amie has been a dedicated and integral part of the Fifth District team for nearly 30 years, including serving in senior management for the last several years," David

An effort to form a Vietnamese-American bank in Houston has hit a setback after organizers terminated a deal to buy an existing bank. Organizers of the proposed USV Bancorp agreed in 2024 to buy City National Bank of San Saba. The group disclosed that the agreement was terminated on Jan. 20. The group planned to operate as a minority depository institution.

Erebor Bank, a digital bank, has received its national bank charter from the Office of the Comptroller of the Currency less than two months after receiving conditional approval for deposit insurance. Comptoller Jonathan Gould confirmed the approval via X. "This is an exciting day for the banking system and reflects the OCC’s commitment to a dynamic and diverse financial system that remains innovative and relevant over time," he wrote. Erebor

Activist investor HoldCo Asset Management has decided to support KeyCorp CEO Gorman and will not pursue a proxy contest after the Cleveland company fully embraced a "no depository acquisitions" policy. The activist investor also noted in a slide presentation that it will not pursue a similar challenge against Eastern Bankshares in Boston. HoldCo had been pushing for changes at both companies. Key has recently vowed to ramp up share repurchases

Tether Investments in El Salvador has invested $100 million into Anchorage Digital. The digital asset platform, which operates as Anchorage Digital Bank, offers staking, custody, governance, settlement and stablecoin issuance to institutions and innovators. "Tether exists to challenge the status quo and build global infrastructure for freedom,” CEO Paolo Ardoino said in a press release. The investment "reflects a shared belief in the importance of secure, transparent and resilient financial