Digital finance platform OppFi has agreed to buy BNCCORP in Glendale, Ariz. The Chicago fintech said in a press release that it will pay $130 million in cash and stock for the parent of the $1.1 billion-asset BNC National Bank. The deal is expected to close in the fourth quarter. The acquisition "unlocks significant opportunities for growth and product diversification," Todd Schwartz, OppFi's chairman and CEO, said in the release.

Seacoast Banking Corp. of Florida in Stuart reported flat earnings after selling underperforming securities. The $20.8 billion-asset company said in a press release that profit rose nominally from a year earlier, to $31.9 million, after it absorbed a $39.5 million loss from selling securities in January. Seacoast sold about $277 million in low-yielding securities. Seacoast reinvested the funds into higher-yielding positions, resulting in a 24-basis-point yield improvement in the quarter.

Insurer Western & Southern Financial Group bought Till Financial, a fintech platform that helps parents guide their children's spending habits. Western & Southern did not disclose the price it paid for Till, which was founded in 2018. “Families today need more than products – they need practical, modern solutions that help build financial confidence in an increasingly digital world,” John Barrett, the insurer's chairman, president and CEO, said in a

Bastrop Bancshares in Bastrop, Texas, agreed to buy Columbus Bancorp in Columbus, Texas. Bastrop, the parent of the $1.1 billion-asset First National Bank of Bastrop, said in a press release that it will pay an undisclosed cash amount for the holding company of the $154.8 million-asset First State Bank. The deal is expected to close in the third quarter. "This merger reflects our commitment to building a community bank that

Onsetto, a Minneapolis fintech that helps financial institutions with business banking relationships, raised $9 million in a funding round led by Canapi Ventures. The fintech said in a release that other participants included EJF Ventures, Idea Fund of La Crosse, and The Perch Fund. “Business banking growth is not determined by accounts opened. It is determined by how quickly operating activity moves,” Cale Johnston, Onsetto's founder and CEO, said in

Pioneer Bancorp in Albany, N.Y., made another niche acquisition. The $2 billion-asset company said in a press release that it bought Targeted Lending, an equipment financing company with about $120 million of loans, for about $140 million in cash. The acquisition will anchor Pioneer's new specialty financing division. Brian Gallo, Targeted Lending's CEO, will lead the division. “Targeted Lending represents a compelling strategic fit for Pioneer and advances our ...

Organizers of the proposed New South Bank in Tampa, Fla., aim to raise at least $23 million before opening the bank. The group said in a regulatory filing that it could sell up to $45 million in stock. The goal is to be profitable in the second year and to have $250 million of assets the following year, along with $225 milion of deposits and $180 million of loans. New

A de novo bank supported by Old National Bancorp has opened in Indianapolis. Generations Community Bank officially debuted on March 9, according to a notice from the Federal Deposit Insurance Corp. Organizers were required to raise $24 million in initial capital. Old National in Evansville, Ind., was part of the organizing group and paid the organizational expenses. Generations’ top executives have been on Old National’s payroll, and Bob Jones, who