Signature Bank in New York could reduce its digital assets deposits by more than $8 billion in the coming weeks. The $114.5 billion-asset bank said during a Goldman Sachs conference that it plans to reduce its exposure to digital assets deposits to 15% to 20% of total deposits, or $8 billion to $10 billion, over time. Signature had $23.5 billion of digital-asset-related deposits on Nov. 14, or roughly 23% of

Veridian Credit Union in Waterloo, Iowa, has agreed to buy American Investors Bank and Mortgage in Eden Prairie, Minn. The $6.7 billion-asset Veridian said in a press release that it expects to complete the purchase of the $113 million-asset American in July. The price wasn’t disclosed. Veridian would enter Minnesota if it buys the bank. "We're excited to welcome the employees and clients of AIBM to Veridian and eager to

A pair of Illinois banks recently raised capital through private placements of common stock. The $385 million-asset Merchants and Manufacturers in Joliet brought in $3 million on Dec. 1, based on data compiled by Performance Trust Capital Partners. First Waterloo Bancshares, the parent of the $823 million-asset First National Bank of Waterloo, raised $6.2 million, based on the same data. The company recently acquired Village Bank.

Palmetto Citizens Federal Credit Union in Columbia, S.C., has hired a former bank executive as its next CEO. The$1.3 billion-asset credit union said that Robert Dozier will also become its president. He will succeed Nick Wodogaza, who is retiring on Jan. 31. Dozier recently stepped down as chief operating officer at First Reliance Bancshares in Florence, S.C. First Reliance did not disclose where he was going when it announced his

Silvergate Capital in La Jolla, Calif., said it "conducted extensive due diligence” before agreeing to work with FTX and Alameda Research. “We take risk management and compliance extremely seriously,” CEO Alan Lane wrote in a public letter defending how the $15.5 billion-asset company vets and banks digital asset firms. Silvergate is required by law to identify a potential client’s beneficial owner, funding sources and the purpose and expected use of

Comerica in Dallas has opened its first offices in Georgia and South Carolina. The $84 billion-asset company said in a press release that the move is part of its 2021 initiative to form a Southeast market. The effort includes commercial banking offices in the South Carolina cities of Columbia and Greenville and a private banking office in Atlanta. "We are excited to introduce Comerica's relationship banking approach and long history

Texas Regional Bank in Harlingen, Texas, has entered into insurance brokerage after buying an agency. The $2.5 billion-asset bank said in a press release that it bought Mission Duncan Insurance in Mission, Texas, on Dec. 2. The price wasn’t disclosed. "We place a heavy emphasis on relationships," Michael Scaif, Texas Regional’s chairman and CEO, said in the release. "Our goal is to guide our customers on their financial journeys, and

NBT Bancorp in Norwich, N.Y., has agreed to buy Salisbury Bancorp in Lakeville, Conn. The $11.6 billion-asset NBT said in a press release that it will pay $204 million in stock for the $1.5 billion-asset Salibury. The deal is expected to close in the second quarter. Salisbury has 14 branches, $1.3 billion of deposits and $1.2 billion of loans. “The organizational values upheld by the Salisbury team align very well