Triumph Bancorp in Dallas has rebranded as Triumph Financial. The $5.6 billion-asset company said in a press release that it had also replaced its “TBK” stock symbol with “TFIN.” Triumph Business Capital, Triumph Insurance Group and Triumph Commercial Finance were rebranded as Triumph. The changes “reflect our evolution from a bank holding company to a financial and technology company focused on payments, factoring and banking,” Aaron Graft, Triumph’s vice chairman

Newtek Business Services in Boca Raton, Fla., has secured approval from the Office of the Comptroller of the Currency to buy National Bank of New York City. Newtek said in a press release that it expects to complete its purchase of the $206 million-asset National Bank of New York City next month. Newtek plans to brand its bank holding company as NewtekOne. The OCC’s approval includes a condition that the

Byline Bancorp in Chicago has agreed to buy Inland Bancorp in Oak Brook, Ill. The $7.3 billion-asset Byline said in a press release that it will pay $165 million in cash and stock for the $1.2 billion-asset Inland. The deal, which is expected to close in the second quarter, valued Inland at 125% of its tangible book value. Inland has 10 branches, $854 million of loans and $1 billion of

Greenwood, a challenger bank that is focused on Black and Latino customers, has raised $45 million in new capital. Greenwood said in a press release that the investment round was led by Pendulum, which is now the digital bank’s biggest investor. Other new investors included Cercano Management, Cohen Circle, The George Kaiser Family Foundation and NextEra Energy. Bank of America, Citi Ventures, PNC, Popular, Truist Ventures, TTV Capital and Wells

A former professional baseball player will join the board of Farmers National Banc Corp. in Canfield, Ohio. The $4.1 billion-asset Farmers said in a press release that André Thornton will join the board on Jan. 1, with an initial term that will run through 2024. Thornton will also serve on the corporate governance and nominating committee and the board enterprise risk management committee. Thornton, who played for the Cleveland Indians

TowneBank in Suffolk, Va., announced that its president will retire at the end of this year. The $16.9 billion-asset bank said in a press release that Brad Schwartz will also retire as chief operating officer on Dec. 31. He plans to step down from the board when his term expires in 2023. Billy Foster will succeed Schwartz as president. Foster is also set to become CEO when J. Morgan Davis

OceanFirst Financial in Red Bank, N.J., has boosted its stake in a specialty commercial equipment finance company. The $12.7 billion-asset company disclosed in a regulatory filing that it invested $2.8 million in Auxilior Capital Partners as part of a new round of finance by the lender. OceanFirst had already invested $10 million in Auxilior in 2021, gaining a minority, noncontrolling stake. OceanFirst said in the filing that the new financing

State Street in Boston and Brown Brothers Harriman have agreed to terminate a deal where State Street would have acquired BBH’s investor services business. The $300 billion-asset State Street disclosed in a regulatory filing that the purchase agreement did not allow for a contractual penalty by either party. BBH, in a separate release, said the deal was terminated because State Street was unable to secure the necessary regulatory approvals. The