American Bank Holding in Corpus Christi, Texas, has agreed to buy TexStar National Bank in Universal City, Texas. The $2.1 billion-asset American said in a press release that it expects to complete the purchase of the $458 million-asset TexStar in the TKTK quarter.TexStar has six branches, $209.7 million of loans and $407.1 million of deposits around San Antonio.The acquisition "is entirely consistent with American Bank's growth strategy and long-term strategic plan,

Custodia Bank has filed a lawsuit against the Federal Reserve Board and the Kansas City Fed in an effort to have its application for a master account approved.Custodia, which acts as a custodian for digital assets, filed its lawsuit on Jane 7 in the U.S. District Court of Wyoming. The company, formerly known as Avanti Bank, claims that the Fed has “unlawfully” delayed a decision for 19 months despite a

Broadway Financial in Los Angeles has sold $150 million of preferred stock to the Treasury Department as part of the Emergency Capital Investment Program. The $1.1 billion-asset Broadway disclosed in a regulatory filing Wednesday that it sold 150,000 shares to the Treasury a day earlier for the cash investment. The investment will more than double the company's Tier 1 capital. Broadway said it plans to use the net proceeds from the private

Atlantic Union Bankshares in Richmond, Va., has agreed to sell its stake in a Roanoke, Va., investment advisory firm.The $19.8 billion-asset company disclosed in a regulatory filing Wednesday that it plans to transfer its ownership interest in Dixon, Hubard, Feinour & Brown to Cary Street Partners Financial. Atlantic will receive a minority ownership interest in Cary Street in exchange. The deal is expected to close on June 30.

Lucid Group in Newark, Calif., has reached a deal with Bank of America where the Charlotte, N.C., banking company will provide financing options for the electric automaker’s newly formed Lucid Financial Services unit.Lucid said in a press release Tuesday that it is offering lease and loan purchase options through a new digital platform. "Lucid Air customers have requested flexible financing options, including lease and loan purchase, with many of them preferring

New Community Bancorp in Westbury and Flagstar Bancorp in Troy, Mich., will eliminate nonsufficient funds fees on Aug. 1. The $47 billion-asset New York Community said in a press release Monday that it will also do away with uncollected and unavailable funds fees for its consumer and business checking accounts. The company also plans to introduce Early Pay, an early wage access offering, during the third quarter. Flagstar, which New York Community

John Marshall Bancorp in Reston, Va., has announced several management changes as part of its succession planning. The $2.3 billion-asset company said in a press release Tuesday that Andrew Peden had become its chief banking officer. Peden, who previously served as chief lending officer, succeeded William Ridenour. Jason McDonough, who had been John Marshall’s director of commercial real estate, succeeded Peden as chief lending officer. Kelly Bell was named chief operating officer, succeeding

Republic Bancorp in Louisville, Ky., and Green Dot have settled a dispute over a terminated acquisition.The $6.3 billion-asset Republic disclosed in a regulatory filing that the parties entered into a settlement agreement on June 2 to resolve a lawsuit the bank filed against the fintech in the Delaware Court of Chancery. Green Dot agreed to pay Republic $13 million on top of the $5 million termination fee it paid the bank