National Bankshares in Blacksburg, Va., sold underperforming securities. The company disclosed in a regulatory filing that it sold $131.9 million of securities as a pretax loss of $6.6 million. Proceeds were used to buy $127.3 million of higher-yielding securities. The company offset the hit with proceeds from the sale of its membership interest in Bearing Insurance Group. It should take less than two years for the company to recoup the

Bank7 in Oklahoma City has agreed to buy a controlling stake in Century Financial Services in Santa Fe, N.M. The $2 billion-asset Bank7 said in a press release that it plans to buy a 71% stake in the holding company for the $1.4 billion-asset Century Bank for $68 million in cash. The shares are being sold by a court-appointed receiver tied to KS StateBank v. Peters, et al., a pending

Patriot National Bancorp in Stamford, Conn., has been freed from an enforcement action. The $1.3 billion-asset company said in a press release that the Office of the Comptroller of the Currency released Patriot Bank from a January 2025 formal agreement. “This important milestone is a testament to the terrific team Patriot Bank has assembled to build America’s premier bank serving high-net-worth families," Steven Sugarman, the bank's president and CEO, said

Southern Bancorp in Arkadelphia, Ark., has chosen a new name. The company said in a press release that it will rebrand as Uplift Bank. "For 40 years, we've worked alongside individuals, families, businesses, and communities to create pathways to financial opportunity for everyone, no matter their zip code," Southern said in a LinkedIn post. "As we've grown, we've come to realize that our name should reflect that mission just as

Regions Financial in Birmingham, Ala., bought Frazier Lanier Company, an investment bank that specializes in municipal and corporate securities. The $161 billion-asset Regions did not disclose the price it paid for the Montgomery, Ala., investment bank. “By welcoming experienced bankers from Frazer Lanier to the Regions family, we are connecting Regions’ clients with even greater capabilities while advancing our long-term strategy for growth," John Turner, Regions' chairman, president and CEO,

MidMinnesota Federal Credit Union in Baxter has agreed to buy a branch in Clarissa, Minn., from Unity Bank, Augusta, Wis. The $834 million-asset credit union said in a press release that the all-cash deal should close in the fourth quarter. The price wasn't disclosed. The branch had $27 million in deposits and $3 million in loans. Hovde Group advised Unity Bank.

Commerce Bancshares in Kansas City, Mo., has agreed to buy boutique investment bank Nolan & Associates in St. Louis, Mo. Nolan provides sell-side, buy-side and capital raise advisory services to business owners, private equity firms and corporations in industries that including building products, transportation, logistics, energy, healthcare, telecom, business services, manufacturing, distribution and agriculture. Nolan will operate as a wholly owned subsidiary of Commerce Bank. The price wasn't disclosed. “We

Eagle Bancorp in Bethesda, Md., will pay more than $9.7 million to resolve a Justice Department investigation into violations of the Bank Secrecy Act. The DoJ said in a press release that Eagle entered into a non-prosecution agreement to address the matter. “For more than a decade, EagleBank knowingly allowed favored clients to operate a check kiting scheme, even as compliance personnel repeatedly tried to stop it,” Assistant Attorney General