Integro Bank in Phoenix is now an approved lender for the Small Business Administration’s 7(a) program. The $26.6 million-asset de novo said in a press release that it already has a six-person SBA team in place. The group, which can also make 504 loans, has the ability to lend up to $300 million. "We are excited to provide small businesses with loans to fund growth, business expansion and real estate

Silvergate Capital in La Jolla, Calif., said its exposure to BlockFi, the latest crypto-focused company to seek bankruptcy protection, is limited to a deposit relationship. The $15.5 billion-asset company said in a press release that it holds less than $20 million of deposits for BlockFi, as of Nov. 28. Silvergate said that BlockFi is not a custodian for its bitcoin-collateralized SEN leverage loans, which continue to “perform as expected with

National Capital Bancorp in Washington, D.C., will soon have a new bank CEO. National Capital said in a press release that Jimmy Olevson will succeed Randy Anderson at the $676 million-asset National Capital Bank of Washington on Jan. 1. Olevson will remain the bank’s president. Anderson will remain president and CEO of the company and will still serve on the bank’s board. Olevson became the bank’s president in April. He

BMO Financial Group has reached a five-year, $40 billion agreement with community groups to facilitate its pending purchase of Bank of the West in San Francisco. BMO Financial agreed to increase lending to lower-income and minority homeowners and increase small-business lending in underserved communities. The company also set aside $325 million for special-purpose credit programs. BMO Harris Bank in Chicago agreed to keep open all Bank of the West's branches

Safra New York Corp. has agreed to buy Delta North Bankcorp in New York. Safra, the parent of the $9.5 billion-asset Safra National Bank of New York, did not disclose the price it will pay for the holding company of the $493 million-asset Delta National Bank and Trust. Delta, which has offices in New York and Miami, provides private banking and wealth management services to high-net-worth clients.  "This transaction highlights the importance of

The Bank of Princeton in New Jersey has filed its application to acquire Noah Bank in Elkins Park, Pa. The $1.6 billion-asset Bank of Princeton applied with the Federal Deposit Insurance Corp. on Nov. 23 to buy the $275 million-asset Noah. Bank of Prince agreed to buy Noah in late October in an all-cash deal valued at $25.4 million, or $6 a share. The deal, which is expected to close

Citizens Commerce Bancshares in Versailles, Ky., waited to reap as much benefit as possible from deferred-tax assets before agreeing to sell to City Holding in Charleston, W.Va. The $6 billion-asset City agreed in October to buy the $354 million-asset Citizens for $61 million. Citizens, which was recapitalized in 2017, had “significant” DTAs – which allow companies to reduce taxable income – because of net operating losses it had before the

EOS developer block.one and its CEO have built a nearly 9.3% stake in Silvergate Capital in La Jolla, Calif. Block.one, in a regulatory filing, disclosed a roughly 7.5% stake in the $15.5 billion-asset Silvergate after buying about 2.3 million shares. Brendan Blumer, in a separate filing, disclosed that he bought another 571,000 shares. “We believe Silvergate Capital has shown that it consistently innovates beyond its peers within federally regulated banking