Western Alliance Bancorp. in Phoenix disclosed a new issue with a $99 million commercial real estate loan. The $98.9 billion-asset Western Alliance disclosed in its quarterly filing that a borrower told the bank in late April that it would not repay the CRE non‑owner‑occupied loan. The loan had been performing in accordance with its contractual terms and was internally graded as pass. The loan was downgraded to substandard and placed on

Eagle Bancorp in Bethesda, Md., looked outward for its new leader. The company said in a press release that it hired Stephen Curley as its president and CEO, effective July 6. He will also join the board. Curley, who was chief banking officer for national business lines at Western Alliance Bancorp. in Phoenix, will succeed Susan Riel. Riel, who plans to remain on the board, signed a 12-month consulting agreement

CB Financial Services in Carmichaels, Pa., disclosed that its bank was the victim of a cyberattack. The company disclosed in a regulatory filing that its bank became aware on May 5 of "an internal incident involving the handling of certain non‑public customer information" using an unauthorized AI-based software application. The bank took measures to secure the data at issue and initiated an internal probe with the assistance of external cybersecurity

Androscoggin Bank in Lewiston, Maine, and Mascoma Bank in Lebanon, N.H., are planning to merge their holding companies. The merger would result in the creation of ClearNorth Financial Mutual Holding Co. The banks will continue to operate under their own names, charters and boards. Clay Adams, Mascoma's president and CEO, will be CEO of the new holding company. Neil Kiely, Androscoggin Bank’s CEO, will serve as president. They will retain

Augustus, previously known as Ivy, has received conditional approval from the Office of the Comptroller of the Currency to form a national bank. Augustus Bank is expected to become a clearing bank built on a stablecoin and AI-native core. The core banking system is built around AI and programmable money. Co-Founder Ferdinand Dabitz will serve as the bank's CEO. Greg Quarles, former CEO of Green Dot Bank, will serve as

Payward, the parent company of crypto exchange Kraken, has applied to the Office of the Comptroller of the Currency for a national trust charter. Co-CEO Arjun Sethi wrote Friday in a blog post that the charter, if approved, would establish Payward National Trust, which would provide fiduciary custody and other services for crypto. “Kraken Financial and what we are building with the OCC are complementary pillars of Payward’s regulated banking

Fidelity Ban Corp. in Independence, Iowa, has agreed to buy Welcome State Bank in Minnesota. The parent of the $2.4 billion-asset BankIowa said in a press release that it expects to buy the $44 million-asset Welcome State later this year. Welcome State also has $38.1 million in deposits. “We will gain access to expanded resources, enhanced products, services, and continued strength as a community-focused bank while maintaining our local presence and leadership,”

NexTier in Butler, Pa., has agreed to buy Riverside Bank of Dublin in Ohio. The $2.9 billion-asset NexTier said in a press release that it expects to buy the $270 million-asset Riverside in the third quarter. The price wasn't disclosed. Travis Sanders, Riverside's president and chief lending officer, will join the NexTier as regional president for Columbus, Ohio. Riverside opened in February 2021. "NexTier has been invested in and partnered