Amerant Bancorp in Coral Gables, Fla., has absorbed one of its subsidiaries. The $8.2 billion-asset Amerant disclosed in a regulatory filing Friday that Amerant Florida Bancorp was merged into the company. Amerant said that all assets of Amerant Florida Bancorp were vested in the company. Amerant also assumed all obligations of Amerant Florida Bancorp, including senior and subordinated notes and trust-preferred securities.

The CEO of Quontic Bank in New York has died. Steven Schnall died in a motorcycle accident on the way back from a biking trip to Canada, several media outlets reported. George Lazaridis, a co-founder of the $872 million-asset bank, was named interim CEO. "For decades, and especially since founding Quontic in 2009, Steve was a charismatic leader who inspired progress, got results, and managed to have fun along the way,”

The Federal Deposit Insurance Corp. has given conditional approval for two proposed banks. The FDIC has signed off on the applications for Bank Irvine in California and GS&L Municipal Bank in Gouverneur, N.Y. – with some final steps requires before the banks open. Organizers of Bank Irvine must raise $25 million. GS&L, a commercial bank proposed by Gouverneur Bancorp, will need $2.5 million of initial capital.  Bank Irvine, which applied with the

A judge in Nebraska has sided with the Nebraska Department of Banking and Finance, blocking the purchase of Premier Bank in Omaha by GreenState Credit Union in North Liberty, Iowa. The $7.9 billion GreenState Credit Union agreed in October to buy the $369 million. The state regulator denied GreenState’s application earlier this year, stating that Premier failed to provide supporting evidence backing the deal’s legality. The regulator determined that GreenState failed to

PacWest Bancorp in Beverly Hills, Calif., has added a banking veteran to its board. The $39 billion-asset company disclosed in a regulatory filing that Stephanie Mudick became a director on Aug. 1 after a recommendation from its compensation, nominating and governance committee. Mudick, who also serves on the board of The Bancorp, was head of regulatory strategy at JPMorgan Chase from 2008 to 2018. PacWest plans to put her on its risk

Lead Bank in Kansas City, Mo., has been sold to a company tied to former Square Capital leader Jacqueline Reses.The $779 million-asset Lead Bank said in a press release that it was sold on Aug. 1 to Luna Parent. Reses is co-president of Luna. The price was not disclosed. "This acquisition is the culmination of my family's decades-long investment in serving the community of Kansas City," Josh Rowland, Lead Bank’s vice chairman

A former executive at First NBC Bank has admitted to his role in a conspiracy to defraud the New Orleans bank prior to its April 2017 failure. The U.S. Attorney’s Office for the Eastern District of Louisiana said in a press release Tuesday that Robert Calloway, who had been an executive vice president, pleaded guilty to one count of conspiracy to commit bank fraud. He faces up to five years in

CF Bankshares in Columbus, Ohio, is no longer selling its mortgage originations to investors.The $1.6 billion-asset company said in a press release Wednesday that it exited the business in the second quarter in favor of portfolio lending with servicing retained. The notional amount of mortgages sold fell to $9.4 million in the second quarter from $972 million a year earlier. The company recognized $121,000 in revenue from mortgage activities during the