Byline Bancorp in Chicago bought back more than 418,000 shares of its stock in conjunction with a secondary offering. The company said in a press release that the estate of Daniel Goodwin and Equity Shares Investors, an affiliate of the estate, sold nearly 4.3 million shares as part of the offering. The sellers sold the shares for about $106 million. Byline did not sell any stock and it not receive

Commerce Bancshares in Kansas City, Mo., has agreed to buy FineMark Holdings in Fort Myers, Fla. The $32.4 billion-asset Commerce said in a press release that it will pay $585 million in stock for the $4 billion-asset parent of FineMark National Bank & Trust. The deal, which is expected to close on Jan. 1, priced FineMark at 153% of its tangible book value. FineMark, founded in 2007, has 13 branches

National Bank of Blacksburg in Virginia will soon have a new CEO. The $1.8 billion-asset unit of National Bankshares said in a press release that Lara Ramsey will also become its president on July 1. Ramsey, who is chief operating officer, will succeed F. Brad Denardo, who remains chairman.

Vine Financial in Austin, Texas, has secured seed funding and created a board of directors. The fintech, which uses AI tools to make commercial lending faster, more accurate, and more auditable, did not disclose how much money it raised. The funding will fuel Vine’s growth and expand its ability to provide an alternative to traditional spreadsheets and legacy systems. The company will also expand the platform’s capabilities to improve how

GrailPay, a risk and data platform for bank payments, raised $6.7 million in funding. The fintech said in a press release that the funding round was led by Construct Capital and included Commerce Ventures, Broadhaven Ventures, Soma Capital, and Grasshopper Bank. The company's initial funding round was led by Noemis Ventures. GrailPay is pioneering a modern intelligence platform designed to detect and prevent risk across the ACH lifecycle, before transactions

FSB Financial in New Madison, Ohio, has applied to buy Republic Banking Co. in Republic, Ohio. FSB, the parent of the $246 million-asset Farmers State Bank, applied with the Federal Deposit Insurance Corp. on June 11 to buy the $60 million-asset Republic Bank. The deal is expected to close in the third quarter; the price wasn't disclosed. Republic shares "our core community banking philosophy: empowered local management and employees dedicated

Ken Moelis is stepping down as CEO of the investment bank he co-founded. Moelis & Co. in New York said in a press release that Moelis, who has led the firm since 2007, will step down and become executive chairman on Oct. 1. Navid Mahmoodzadegan, the firm's co-founder and co-president, will become the CEO and join the board, while Jeff Raich, co-founder and co-president, will become executive vice chairman and

Newburyport Bank in Newburyport, Mass., has a new president. The $1.6 billion-asset mutual said in a press release that Jim McCarthy will also become its chief operating officer on June 28. McCarthy, a member of the bank's board, was chairman, president, and CEO of First Ipswich Bank “Jim is a seasoned and respected leader who understands both the opportunities and the complexities of modern banking,” Lloyd Hamm, president and CEO