Origin Bancorp in Ruston, La., has added the CEO of a community development financial institution to its board. The $8.1 billion-asset Origin said in a press release Monday that Daniel Chu was elected as a director at its April 27 annual meeting. Chu is the founder and CEO of Tricolor Holdings, a Dallas CDFI that uses technology to advance financial inclusion to the Hispanic community.  Chu’s “entrepreneurial mindset and vast experience

A Chicago company that provides AI solutions for lenders has resubmitted an application for deposit insurance for a proposed de novo bank.    Organizers of BetaBank filed a new application with the Federal Deposit Insurance Corp. on Thursday. The group originally applied with the FDIC last summer.    The bank would operate as a unit of Beta Financial Services, which is consistent with the original application. Beta Financial plans to apply

California BanCorp in Oakland, Calif., has a new president. The $1.9 billion-asset company said in a press release Monday that Thomas Sa was also named president of its bank, effective immediately. Sa will remain the company’s chief financial officer and chief operating officer. Sa succeeded Steven Shelton, who remains CEO. The move “reflects the growth of the company and the management structure we believe is best suited to continue effectively executing on the

A group of shareholders has urged Republic First Bancorp in Philadelphia to hold a special meeting.George Norcross III, Gregory Braca, Philip Norcross and Avery Conner Capital Trust sent a written request to the $5.4 billion-asset company’s board on Thursday for the meeting. “Consistent with its fiduciary duties, the board, together with its advisers, is reviewing the notice,” Republic First said in a regulatory filing. Republic First recently disclosed that it will delay

Sterling Bancorp in Southfield, Mich., has started having discussions with federal agencies to resolve longstanding issues tied to its Advantage Loan Program. The $2.8 billion-asset company said in a press release Monday that talks with the Department of Justice and the Office of the Comptroller of the Currency are under way. Investigations by both agencies “have progressed significantly,” Sterling said. “It is too early in the process for us to have any

First Century Bancorp in Roswell, Ga., has terminated its merger agreement with First Internet Bancorp in Fishers, Ind. The $4.2 billion-asset First Internet said in a press release Sunday that the $408 million-asset First Century called off the deal. The proposed transaction, announced on Nov. 2, was supposed to be completed by April 30. First Internet said that, while the Federal Reserve approved its purchase of First Century on Friday, the companies

Peoples Bank of Alabama in Cullman has a new CEO. The $1.2 billion-asset bank tweetedon Friday that Robin Cummings had retired. Peoples said that Cummings, who has more than 38 years of services, remains on the board and will serve as a special adviser to its executive team. The bank’s website noted that Tim Williams is now CEO. He remains the bank’s president.

Provident Bancorp in Amesbury, Mass., is the latest bank to report traction in its Banking-as-a-Service (BaaS) platform. The $1.8 billion-asset company said in a press release Friday that deposits with BaaS customers increased by 58% in the first quarter from a quarter earlier, to $94.3 million. Provident said its portfolio of digital asset loans decreased by 7% from a quarter earlier after a client paid down a $35 million credit line.