The Independent Bankers Association of Texas has formed a fintech accelerator program. The association said in a press release that IBATx is designed to provide rapid commercialization and streamline bank access to fintechs. As part of the launch, IBATx formed a partnership with CollateralEdge, a Texas fintech that specializes in providing commercial loan support to community banks. “Community banks provide the fuel that propels our robust Texas economy, so providing

Capital Bank in Washington, D.C., has recruited a veteran banker to its board. The $2.2 billion-asset bank said in a press release that Mary Ann Scully had become a director. Scully, dean of the Joseph A. Sellinger, S.J., School of Business and Management at Loyola University Maryland, is the former chairman and CEO of Howard Bank in Baltimore. Howard Bank was sold to F.N.B. Corp. in Pittsburgh last year. Steve

Jenius Bank, the digital-only division of Manufacturers Bank in Los Angeles, has debuted a new personal loan product. Jenius, which is supported by Japan’s Sumitomo Mitsui Banking, is planning other products, including savings and checking accounts and a mobile app. “Jenius Bank’s personal loans launch continues to fuel our mission to empower customers with smarter banking to create a richer life for themselves,” John Rosenfeld, the bank’s president, said in

Blue Ridge Bankshares in Charlottesville, Va., will not pay a dividend in the third quarter. The $3.3 billion-asset company disclosed in a regulatory filing that its board decided to forego the payment, “based on the desire to preserve capital and available cash.” The company’s net income fell by 91% in the second quarter from a year earlier, to $1.6 million, reflecting lower mortgage revenue and negative fair value adjustments to

CapStack, a startup that is aiming to create an integrated operating system for banks, has raised $6 million. CapStack was launched in March by Michal Cieplinksi, co-founder of alternative financing startup Pipe, and Tzvika Perelmuter. The plan is to serve as a bank-to-bank marketplace, giving banks a way to buy and sells deposits and loans. The startup plans to “build the largest financial services infrastructure company,” Cieplinkski tweeted. “Today we

Another veteran bank analyst has accepted a job at a bank. Jennifer Demba announced on LinkedIn that she has become the director of investor relations at Synovus Financial in Columbus, Ga. Demba had been a bank analyst for two decades, most recently at Truist Securities. She was at SunTrust Robinson Humphrey when BB&T bought SunTrust to create Truist. Several other bank analysts have made similar moves. Jefferson Harrelson left Keefe,

Central Bancshares in Muscatine, Iowa, has agreed to buy McLaughlin Holding in Moline, Ill. The $1.1 billion-asset Central Bancshares said in a press release that it plans to buy the holding company for the $337 million-asset SENB Bank in the third quarter. The price wasn’t disclosed. SENB Bank has six branches in Illinois, Iowa and Wisconsin. SENB Bank shares “our core community banking philosophy: empowered local management and employees dedicated

Another bank has disclosed exposure to the MOVEit file transfer cyberattack. The $8.3 billion-asset 1st Source in South Bend, Ind., disclosed in a regulatory filing that an unauthorized third-party gained access to sensitive client data, including personally identifiable information. The company said it deployed cybersecurity defenses which included patching the software, hardening the host server containing the MOVEit software and launching an internal investigation in partnership with outside cybersecurity forensic