Texas Brand Bank in Dallas and Harmony Bank in Kemp, Texas, have agreed to merge. The $330 million-asset Texas Brand Bank plans to adopt the $350 million-asset Harmony Bank’s name. The price wasn’t disclosed. “Merging with Harmony … is synergistic for our teams, and we look forward to the benefits it will bring to our customers,” Bubba Tomlinson, Texas Brand’s chairman, said in a press release. “We’re committed to maintaining the great personal

StoneCastle Partners has terminated an agreement to sell its digital deposit-gathering business to Veritex Holdings in Dallas.    The $11.3 billion-asset Veritex agreed in March to buy interLINK for $91 million in cash and stock.   Veritex has already received approval from the Texas Department of Banking and was pursuing approval from the Federal Deposit Insurance Corp.    Veritex said in a regulatory filing that it “believes all the other

Pinnacle Financial Partners in Nashville, Tenn., is planning to enter Louisville, Ky., after hiring a banker to lead the effort. The $40 billion-asset company said in a press release that it had hired Tom Crockett as regional president with the responsibility of building a team. Pinnacle will open its first branch in the market next year.Crockett previously worked at Old National in Evansville, Ind., where he was responsible for developing expansion

Live Oak Banchares in Wilmington, N.C., plans to invest $25 million and create 204 jobs in North Carolina’s Hanover County as part of a campus expansion. The expansion includes the construction of a new office building to support lending and technology personnel for new products and services. “We are grateful for the support of city, county and state officials for powerful capital investments that will help grow fintech jobs in our community

Oakworth Capital Bank in Birmingham, Ala., will enter the Charlotte, N.C., market after hiring a banker from Aquesta Bank. The $1.2 billion-asset bank said in a press release Wednesday that it had hired Tim Beck to serve as its central Carolinas market leader. Beck previously served as chief credit officer at Aquesta, which was sold to Unity Community Banks in October 2021."When we consider expanding to serve more communities, we always

Truist Financial in Charlotte, N.C., has a new chief financial officer. The $545 billion-asset company said in a press release Wednesday that it Mike Maguire, its chief consumer finance and payments officer, will succeed Daryl Bible as CFO on Sept. 15. Bible in May announced plans to retire. Maguire will remain on Truist’s executive leadership team, reporting to Chairman and CEO Bill Rogers.“Mike is a strategic and purpose-driven leader with an exceptional depth

LINKBANCORP in Harrisburg, Pa., plans to raise up to $50 million through an initial public offering.The $1.1 billion-asset company said in a press release Wednesday that it plans to sell about 4.6 million shares of common stock at $8 to $9.50 each. The underwriters can sell another 686,000 shares if there is enough demand. The stock is expected to trade on the Nasdaq under the symbol “LNKB.” LINKBANCORP said it could use

SmartFinancial in Knoxville, Tenn., has acquired an insurance agency. The $4.8 billion-asset company said in a press release Tuesday that it bought the operating assets of Sunbelt Group in Chattanooga, Tenn., for $6.5 million. Sunbelt, formed in 1984, provides personal and commercial property and casualty insurance, as well as life and health. The agency also has a transportation insurance department. “Sunbelt Insurance represents many of the finest national and regional insurance companies in