John Ryan, president and CEO of the Conference of State Bank Supervisors, has died. The organization, which represents state banking regulators, said in a statement Tuesday that Ryan passed away unexpectedly the day before. James Cooper, executive vice president of policy and supervision, was named acting CEO. “On behalf of the CSBS board of directors, executive team, staff and membership, we extend our deepest sympathies to John’s family and everyone who knew and

CBTX and Allegiance Bancshares in Houston will rebrand as Stellar Bancorp following their merger. The $4.5 billion-asset CBTX and the $7.2 billion-asset Allegiance announced their proposed merger in November. The deal is expected to close in the second quarter. The bank will be known as Stellar Bank. "When we heard the name Stellar, it fit,” Robert Franklin Jr., CBTX’s chairman, CEO and president, said in a Tuesday press release.  “We are in a

Farmers National Banc Corp. in Canfield, Ohio, was one of two banks to make an offer for Emclaire Financial in Emlenton, Pa. The $4.1 billion-asset Farmers agreed in late March to buy the $1.1 billion-asset Emclaire for $105 million. The move will provide Farmers with its first branches in Pittsburgh. Farmers easily cemented its position when its initial bid topped that of the other suitor by 20%, according to a regulatory filing

RBB Bancorp in Los Angeles, which replaced its CEO after a probe found violations of company policies, is facing criticism from its former vice chairman.Raymond Yu resigned from the $4.2 billion-asset company last week. In his resignation letter, Yu said he was leaving due to "ongoing disagreements with the board regarding corporate governance and other matters."Yu, who had been vice chairman since 2018, claimed that “historical and potentially current conflicts

U.S. Bancorp in Minneapolis has confirmed that it will not complete its planned purchase of MUFG Union Bank along the timeline it originally provided.  The $586 billion-asset company said when it announced the $8 billion acquisition in September that it expected to complete the acquisition by June 30.  U.S. Bancorp said in a regulatory filing Monday that it “no longer expects to receive U.S. regulatory approvals in time to allow for closing to

In a sudden and unexpected turn of events, Vernon Hill has been removed as chairman of Republic First Bancorp. Hill was replaced by Harry Madonna, his predecessor at the $5.7 billion-asset company, following the death of Theodore Flocco. Flocco’s passing led to a power shift on the divided board, allowing a faction opposed to Hill to oust him. Hill remains Republic First’s CEO and a director – for now."I look forward to

First Bancshares in Cold Spring, Minn., has agreed to buy Maple Bank in Champlin, Minn.First Bancshares, the parent of the $145 million-asset Granite Bank, did not disclose the price it will pay for the $95 million-asset Maple. The deal is expected to close early in the third quarter. Granite Bank will enter Minnesota’s Hennepin County when the acquisition is completed. Barack Ferrazzano Kirschbaum & Nagelberg advised First Bancshares. Clifton Larson Allen and

Bank OZK in Little Rock, Ark., has finished construction of a 4.8-megawatt solar power plant in Stuttgart, Ark. The $26.6 billion-asset bank said in a press release that the 11,265-panel plant should produce enough electricity to power its corporate headquarters and up to 40 branches in central Arkansas. Bank OZK did not disclose the costs associated with the plant. “Our solar power plant is fully operational,” Tim Hicks, the bank’s chief credit and