Androscoggin Savings Bank in Lewiston, Maine, has created a Sharia-compliant mortgage product. The $1.5 billion-asset bank hired Ayesha Baye, an Ethiopian immigrant with extensive banking experience, to serve Muslim customers. It took a year to develop the mortgage program in collaboration with ProsperityME and the Greater Portlan Immigrant Welcome Center. The Halal Mortgage Program helps Muslims who believe that they are barred from accepting conventional mortgages with interest.

Oconee Financial in Watkinsville, Ga., raised about $4.3 million tied to its acquisition of Elberton Federal Savings & Loan in Elberton, Ga. The $588 million-asset Oconee said in a press release that it sold roughly 149,000 shares of common stock at $28.94 each to Elberton Federal depositors and borrowers. The stock offering was oversubscribed. "We are thrilled by the overwhelming interest we received from investors in the offering," Neil Stevens, Oconee’s

Texas State Bankshares in Harlingen has agreed to buy Dallas investment bank Estrada Hinojosa & Co. The $2.6 billion-asset Texas State did not disclose the price it will pay. The deal is expected to close in the fourth quarter. Estrada Hinojosa has 48 employees and offices in cities such as Dallas, Houston, San Antonio, Miami, Chicago and New York. The bank will expand into capital markets with the acquisition. "This is an exciting and well-matched partnership

InBank in Denver has a new president. The $1.3 billion-asset bank said in a press release that Bo Scott had also become its chief commercial banking officer. He succeeded Ed Francis, who remains chairman and CEO of the bank and holding company InBankshares. Scott previously served as an executive vice president at UMB Bank, where he led the Colorado commercial bank. “We are confident Bo will help us accelerate our

Riverview Bancorp in Vancouver, Wash., has put its president and CEO on administrative leave pending an internal investigation. The $1.6 billion-asset company disclosed in a press release that the investigation tied to Kevin Lycklama does not involve its financial condition. No other details were shared. Dan Cox, the company’s chief credit officer, was named acting president and CEO.

Eureka Homestead Bancorp in Metairie, La., has agreed to sell to an investor group. The $104 million-asset company said in a press release that Eureka Investor Group, comprised of bank investors, will pay about $13 million in cash. Prior to closing, the company will be allowed shareholder a special dividend. The investor group plans to raise at least $43 million to fund the purchase price and infuse capital into the bank. The

A big shareholder at HomeStreet is pushing the Seattle company to sell its Fannie Mae delegated underwriting and servicing (DUS) license and restructure its balance sheet. Blue Lion Capital, which has sparred with the $9.5 billion-asset company in the past, wrote in a letter to shareholders board that it believes the DUS license could be sold for $100 million. The investor noted that only 25 licenses exist. License holders can

First Sound Bank in Seattle has agreed to sell to Harborstone Credit Union in Lakewood, Wash. The $1.9 billion-asset credit union said in a press release that it will pay $6.90 to $7.10 a share for the $154 million-asset First Sound. The deal is expected to close in the first quarter. First Sound would be the first bank acquisition for Harborstone. "We're excited to grow Harborstone Credit Union and owe