Sunflower Bank, a unit of FirstSun Capital Bancorp in Denver, has formed an insurance agency. The $8.5 billion-asset bank created Sunflower Insurance Solutions, which will also offer wealth and risk advisory services to business owners and high-net-worth families. “The launch of Sunflower Insurance Solutions marks an exciting step in expanding our ability to deliver comprehensive financial strategies,” John Sawyer, the bank's director of private banking and wealth management, said in

Apex Bank in Camden, Tenn., has a new leader. The $1.4 billion-asset bank said in a press release that Dave Miller had become its president and CEO. Miller, who was chief operating officer of regional banking at First Horizon Bank, succeeded Matt Daniels, who became chief investment officer. Daniels remains chairman.

Affirm Holdings has applied with the Nevada Financial Institutions Division and the Federal Deposit Insurance Corp. to form Affirm Bank. An industrial bank charter would enable the Buy Now, Pay Later (BNPL) company to continue to scale. If approved, the bank would operate as a wholly owned, Nevada-chartered, FDIC-insured subsidiary. “A banking subsidiary would strengthen and diversify Affirm’s platform, and help us bring honest financial products to more people,” Max Levchin,

Lisa Collison has been nominated to become Delaware’s next State Bank Commissioner. Collison has served in a wide range of regulatory and supervisory roles during three decades at the Delaware Office of the State Bank Commissioner, including bank examiner, chief bank examiner, review examiner and senior deputy bank commissioner. “Delaware’s financial strength depends on strong, fair, and forward-looking oversight,” Gov. Matt Meyer said in a press release. “Lisa Collison brings experience, integrity,

Capital One Financial in McLean, Va., has agreed to buy Brex. The $476 billion-asset Capital One, fresh off its purchase of Discover, said in a press release that it will pay nearly $5.2 billion in cash and stock for the San Francisco payments fintech. The deal is expected to close in mid-2026. Brex is an AI-native software platform that assits businesses with corporate cards, automated expense management and real-time payments.

The Federal Deposit Insurance Corp. gave conditional approval to deposit insurance applications submitted by Ford Motor Co. and General Motors, clearing the way for the establishment of the proposed Ford Credit Bank and GM Financial Bank as Utah-chartered industrial banks. The approvals mark a significant milestone for the auto giants, allowing their captive finance arms to fund lending activities with insured retail deposits rather than relying solely on wholesale funding and

BV Financial in Baltimore streamlined its top position. The company disclosed in a regulatory filing that David Flair resigned as co-president and co-CEO on Jan. 22. BV Financial will pay Flair about $2.1 million in a lump sum. Flair will also receive his 2025 bonus. Flair agreed to a consulting agreement that will end on Sept. 7, 2028, which will allow him to vest his equity grants over time.

First Resource Bank in Lino Lakes, Minn., has agreed to buy First State Bank of Wyoming in Wyoming, Minn. The $750 million-asset First Resource expects to buy the $240 million-asset First State in the second quarter. The price wasn't disclosed. Barack Ferrazzano Kirschbaum & Nagelberg and CLA advised First Resource. Winthrop & Weinstine and Eide Bailly advised First State.