DeepSee.ai, a fintech that mines unstructured data and "operationalizes AI-powered insights," has raised $18.6 million in its Series A round. The fintech said in an announcement that the round was led by BankTech Ventures, EJF Ventures, Raido Capital and Broadridge. The Salt Lake City company was founded in 2019.

Bank CMG in Madison, Wis., has agreed to buy Farmers State Bank in Mineral Point, Wis. The $900 million-asset Bank CMG said in a press release that it expects to buy the $450 million-asset Farmers State by mid-2026. The price wasn't disclosed. "This acquisition reflects our commitment to growth and innovation within the state of Wisconsin," Christopher George, chairman of Greenwoods Financial Group, the holding company of Bank CMG, said

Berco in Salina, Kan., has agreed to buy Flint Hills Bank in Eskridge, Kan. The parent of the $1.3 billion-asset Bennington State Bank said in a press release that it plans to buy the $154 million-asset Flint Hills in the second quarter. The price wasn't disclosed. Flint Hills operates under its primary charter name while serving customers through four separately branded divisions. “This acquisition represents an exciting opportunity to expand

WaFd Bank in Seattle successfully appealed its Community Reinvestment Act rating. The bank received a "needs to improve" rating from the Federal Deposit Insurance Corp. in late 2024 for the period covering June 2020 to March 2024. After the bank filed an appeal with the FDIC's Supervision Appeals Review Committee, the rating was raised to "satisfactory." The main difference was the CRA lending test, which improved from "needs to improve"

First Bancorp in Southern Pines, N.C., said its quarterly profit took a hit after it cleaned up its securities portfolio. The company said in a press release that it earned $15.7 million in the fourth quarter. The results included a $43.7 million pretax securities loss. The company sold $342 million of securities, using the proceeds to buy $228.4 million of higher-yielding securities. First Bancorp has done this before, selling $280

First Capital Bancshares in Charleston, S.C., raised $13.2 million. The $811 million-asset company said in a press release that it completed a private placement of common stock sold to accredited individual and institutional investors. First Capital said it plans to use the proceeds to support the continued growth of its franchise, invest in the bank and other purposes. “We are so pleased with the level of investor interest in our

BCB Bancorp in Bayonne, N.J., will take some credit-related hits in the first quarter. The company disclosed in a regulatory filing that it will take a $15.1 million pretax writedown tied to an "isolated" cannabis-related real estate owned property. After charging off $12.7 million in the third quarter tied to the relationships, BCB determined that another writedown was warranted. The company will also record $16.4 million in separate net chargeoffs

Community State Bank in Orbisonia, Pa., has finalized its CEO succession. The $400 million-asset bank said in a press release that Nicole Wilson will succeed Michael Bibak as president on Feb. 2. She will then become CEO when Bibak retires at the end of the year. Wilson is the bank's chief financial officer. “Though Mike’s tenure with Community State Bank has been relatively short, his impact has been significant,” Jessice