M&T Bank in Buffalo, N.Y., has a new leader for its charitable foundation. Dominique Goss was named executive director of the M&T Charitable Foundation. She now oversees M&T's corporate giving strategy over 12 states.Goss reports to Mike Keegan, M&T's head of community banking. She is based in Buffalo. Goss previously served as senior group manager for corporate citizenship at TD Bank's charitable foundation. Goss "is a progressive philanthropic leader whose extensive experience in

An activist investor is pressing Peoples Financial in Biloxi, Miss., to “explore all possibilities to maximize shareholder value.”Stilwell Partners, which owns about 11.2% of the $939 million-asset company’s stock, has taken issue with management decisions in recent years. The New York investor tends to push banks to maximize value by selling. Stilwell noted in its filing that it has tried unsuccessfully in 2021 and 2022 to have its nominees elected to

A proposed bank in Katy, Texas, has received conditional approval from the Federal Deposit Insurance Corp.  The FDIC on Jan. 7 approved deposit insurance for Texas Traditions Bank. Organizers, who initially filed with the FDIC in January, will need to raise about $35 million before the bank can open. Organizers have said they plan to open a second branch in the Webster area.A public notice submitted earlier this year listed 10 organizers:

The Council of Federal Home Loan Banks has lined up its next CEO. The council said in a press release that Ryan Donovan will also serve as its president, effective Sept. 6. He will succeed John von Seggern, who retired last month. Donovan previously served as chief advocacy officer at the Credit Union National Association. Donovan, who has also held positions at the California and Nevada Credit Union Leagues, began his career

Wilson Bank Holding in Lebanon, Tenn., has formed a mortgage joint venture. The $4.1 billion-asset company said in a press release Thursday that it had created Encompass Home Lending with Celebration Homes and Willow Branch Homes. Wilson said the effort was profitable in its first month of operations. "We have been impressed with both builder teams as well as the leadership and mutual values in place that will be key to growing this

Citizens Financial Group in Providence, R.I., has agreed to buy select assets and liabilities of Paladin Advisors in Kensington, N.H. The $192 billion-asset Citizens did not disclose in a Thursday press release how much it will pay for the investment adviser."This acquisition will strengthen our wealth management business, as we gain additional reach and Paladin’s fresh asset allocation investment strategy, which complements our established approach," Chris Weyrauch, head of Citizens Wealth

Bank of America in Charlotte, N.C., was fined $225 million for practices tied to it's prepaid card program for disbursing unemployment benefits in California. The Office of the Comptroller of the Currency levied a $125 million fine, while the Consumer Financial Protection Bureau imposed a $100 million fine. “Bank of America automatically and unlawfully froze people’s accounts with a faulty fraud detection program, and then gave them little recourse when there was,

Apiture, a Wilmington, N.C., company that produces software for community banks, has raised $29 million in a fundraising round led by Live Oak Bancshares. The company said in a Thursday press release that other investors, including Pinnacle Bank and BHG Financial, also participated. Apiture has raised $69 million since its formation in 2017. Apiture said it will use the capital to expand its sales and marketing efforts, accelerate product development and meet