Grant County Bank in Petersburg, W.Va., has changed its name. The bank said in a press release that it had rebranded as Highlands Bank to reflect its extended service area. “This is a thrilling time for all of us as we prepare the transition to the Highlands Bank brand,” George Ford, the bank's president and CEO, said in the release. “Our employees have known about the announcement since late last

A proposed Korean-American bank in Los Angeles will not open. The Federal Deposit Insurance Corp., which gave founders of the proposed Quantum Bank conditional approval in July 2025, disclosed that the bank will not open. No other details were shared. Organizers originally filed to open QIB Bank in March 2024 before changing the name. “The bank intends to operate as a full-service commercial bank providing a wide range of traditional banking products

Forbright in Chevy Chase, Md., has filed for its planned initial public offering. The $7.9 billion-asset parent of Forbright Bank disclosed that Goldman Sachs and J.P. Morgan are its lead underwriters. The filing did not share how many shares will be sold or how much capital the company plans to raise. Certain unnamed shareholders also plan to sell stock in the offering. Forbright framed itself in the filing as operating

Stellantis Financial Services U.S., the American financial services division of Dutch automaker Stellantis NV, has been approved by the Federal Deposit Insurance Corp. for deposit insurance as it looks to form a Utah-chartered industrial bank. Stellantis Bank USA's proposed business model "will focus on providing automotive financing products nationwide, primarily through the purchase of retail instalment contracts from independent Stellantis dealers," the FDIC stated in its approval. "Funding will primarily

Flagstar Bank in Hicksville, N.Y., has split the role of president. The bank said in a press release that Joseph Otting will remain chairman and CEO, but will relinguish his role as president. The post will be filled by Richard Raffetto and Lee Smith, who will also serve as co-chief operating officers. Raffetto, who was also named chief banking officer, was president of commercial and private banking. Smith will remain chief

Eagle Bancorp Montana in Helena has a new president. The company said in a press release that Darryl Rensmon will take on the role on June 1, succeeding Laura Clark, who will remain CEO. Eagle said Rensmon, who was chief operating officer, is in line to succeed Clark as CEO whenever she retires. Clark had not set a retirement date. “I have worked closely with Darryl for nearly a decade,

Gibsland Bancshares in Gibsland, La., has agreed to buy Marion State Bank in Marion, La. The $575 million-asset Gibsland said in a press release that it plans to buy the $240 million-asset Marion State in the second half of 2026. The price wasn't disclosed. Marion State has five branches, $163 million of loans, and $210 million of deposits. “Marion State ... has built an outstanding reputation through more than a

Homestead Bank in Cozad, Neb., has agreed to buy First State Bank in Randolph, Neb. Homestead applied with the Federal Deposit Insurance Corp. on May 13. The deal is expected to close in mid-2026. The price wasn't disclosed.