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

Jelena McWilliams, who stepped down as chairman of the Federal Deposit Insurance Corp. earlier this year, has joined Cravath, Swaine & Moore as part of the law firm’s plan to open an office in Washington.The law firm said in a press release Monday that McWilliams will be joined by Elad Roisman, former acting chairman of the Securities and Exchange Commission and Jennifer Leete, former associate director in the SEC’s division of

CB Financial Services in Washington, Pa., has recorded a $2.7 million chargeoff tied to a commercial-and-industrial loan. The $1.4 billion-asset company said in a press release Monday that the chargeoff is associated with to a $3.5 million revolving line of credit that had an outstanding balance of roughly $2.7 million on June 1. CB Financial said the line of credit is the only credit relationship it has with an unnamed general contractor

A proposed bank in Columbus, Ohio, has received conditional approval from the Federal Deposit Insurance Corp. The FDIC approved deposit insurance for Adelphi Bank, a de novo planned by a group of Black business owners. Organizers, who initially filed with the FDIC last fall, will need to raise about $17.7 million before the bank can open. The proposed bank, which is looking to become a minority depository institution, would be located

Eagle Financial Services in Berryville, Va., has a new bank president.The $1.4 billion-asset company said in a press release Wednesday that Joe Zmitrovich will remain the chief banking officer at Bank of Clarke County. Zmitrovich will oversee the bank’s merger and acquisition strategy, including branches, niche businesses and whole banks. He will continue to handle commercial lending, retail banking, cash management, loan operations and loan servicing. Zmitrovich succeeded Brandon Lorey, who remains

Credit Union 1 in Rantoul, Ill., has agreed to buy NorthSide Community Bank in Gurnee, Ill. The $1.3 billion-asset CU1 said in a press release Friday that it expects to complete the purchase of the $311 million-asset NorthSide by the first quarter. CU1 did not disclose the price it will pay AliKat Investments for its bank. NorthSide has four branches, $247 million of deposits and $198 million of loans. “We are excited about