Western Alliance Bancorp. in Phoenix has formed an executive leadership team in conjunction with a series of personnel moves. The $65 billion-asset company said in a press release Tuesday that the team is responsible for making key policy decisions and guiding its strategic direction. The move is designed to position Western Alliance as it prepares to cross over $100 billion of assets, Kenneth Vecchione, the company’s president and CEO, said in the

State Street in Boston said it remains committed to its proposed purchase of Brown Brothers Harriman’s Investor Services business despite a delay getting regulatory approval. The $300 billion-asset company disclosed in a regulatory filing that the it “continues to believe the strategic rationale for the transaction remains attractive.” State Street said the parties are discussing a modified structure, terms and valuation for the deal. They are also “reviewing the planned approach with

Cross County Bank in Wynne, Ark., plans to streamline its branding.The $378 million-asset bank plans to use the Cross Bank brand for its 10 branches. Currently, four locations operate as Cross County Bank while the other six operate as First Commercial Bank. The changes will take place on Nov. 21 and will include a new logo. The effort “simplifies matters for our customers and our communities,” David Dowd, Cross County Bank’s president

First Citizens BancShares in Raleigh, N.C., has formed a unit to offer middle-market banking services.The $108 billion-asset company, which acquired CIT Group in January, said in a press release Tuesday that the Charlotte unit will focus on North Carolina, Virginia, South Carolina, Georgia and Florida. First Citizens will offer senior secured loans, cash-flow loans, capital markets services, foreign exchange capabilities, asset-based lending and treasury and payments services. Clients will typically have

Liberty Bank in Middletown, Conn., is close to launching a digital bank that will focus on small businesses.The $7.4 billion-asset bank plans to open the bank in the first quarter, according to the Hartford Business Journal. The plan is to offer loans and deposits, along with a series of solutions for invoicing, payments and expense management. Liberty had planned to debut the bank in 2021 but faced a series of Covid-related delays.

Texas Capital Bancshares in Dallas has agreed to sell its insurance premium finance business to Truist Financial in Charlotte, N.C. The $32.3 billion-asset Texas Capital said in a press release Tuesday that it will sell BankDirect Capital Finance to Truist’s AFCO Credit unit for $3.4 billion in cash. The price represents an 8.5% asset premium. The deal is expected to close in the fourth quarter. BankDirect is based in Chicago. It is a

Veteran economist Mark Vitner has retired. Vitner, who was a managing director and senior economist at Wells Fargo, said in a LinkedIn post that his last day was Friday. He joined Wells Fargo from Wachovia, where he was the senior economist when the Financial Crisis took hold in 2008. Vitner has been a mainstay at conferences and academic gatherings. “I have been fortunate to work with a great organization and great people that

A group looking to form a bank in Huntsville, Ala., has refiled its application with the Federal Deposit Insurance Corp. after “strengthening” its management team.Organizers of Nova Bank submitted its first application on Aug. 24. The original paperwork was filed in mid-2021 and withdrawn last April. Marc Minish, one of the proposed bank’s 16 organizers, would serve as chief credit officer. He was an FDIC examiner from 2009 to 2018, according