Bank of Marin Bancorp in Novato, Calif., plans to close four branches. The $4.1 billion-asset company said in a press release that it will shutter branches in Santa Rosa, Healdsburg, Tiburon and Buckhorn. Two closures are due to overlap created by the company’s purchase of American River Bank. The branches, which represent 13% of Bank of Marin’s total network, are set to close in March. Bank of Marin said it

Carver Bancorp in New York has been freed from an enforcement action. The $756 million-asset company disclosed in a press release that the Office of Comptroller of the Currency terminated a formal agreement against its bank. The agreement had been in place since May 2016. Carver said the agreement’s individual minimum capital ratio – which requires the bank to maintain a 9% Tier 1 leverage ratio and and 12% total risk-based capital ratio –

Triumph Financial in Dallas has added a banking veteran to its board. The $5.6 billion-asset company said in a press release that it appointed Davis Deadman, its former chief lending officer, to its board. He also serves on the board of Triumph’s bank. Davis was CEO of NexBank from 2004 to 2010. Before that, he was a partner at Highland Capital Management. “As we have undertaken the process to align

NBKC Bank in Kansas City, Mo., has agreed to become the Banking-as-a-Service (BaaS) provider to Acorns, a fintech that helps people with savings and investments. The $1.1 billion-asset NBKC said in a press release that it will provide Acorns-branded checking accounts and debit cards to qualifying the fintech’s customer. With Acorns Checking, subscribers can invest spare change and invest a portion of each paycheck automatically. Acorns “has helped millions of

Silvergate Capital in La Jolla, Calif., said its relationship with Genesis Global Holdco was limited to deposits. The $11.4 billion-asset Silvergate said in a press release that it holds less than $2.5 million of deposits tied to Genesis, which recently filed for bankruptcy protection, or its subsidiaries. Silvergate said that Genesis is not a custodian for its bitcoin-collateralized SEN leverage loans and the bank has no outstanding loans to nor

A new fintech plans to offer speedy loan approvals and one-click loan activation for credit union members after raising $5 million in initial funding. Union Credit in Santa Rosa, Calif., said in a press release that the seed funding was led by CMFG Ventures and was supported by Marin Sonoma Impact Ventures, Array and other “fintech influencers” The fintech said it will use the funding to build out its digital

CapStar Financial Holdings in Nashville, Tenn., has a new leader for its Small Business Administration lending division.   The $3.1 billion-asset company said in a press release that Marc Gibson had been named the division’s director.   CapStar also said it had hired a team of experienced SBA professionals, increasing the division’s staff to three business development officers and 14 employees to handle processing, underwriting, approvals, closings and servicing.  

First Central Credit Union in Waco, Texas, has agreed to buy a branch from Citizens State Bank in Woodville, Texas. The $264 million-asset Citizens applied with the Federal Deposit Insurance Corp. to sell assets and liabilities tied to a branch in Marlin, Texas. “It is contemplated that this branch location will continue to be operated as an office of First Central Credit Union following the consummation of the proposed transaction,”