Strategic Insights into Banking & Fintech
Platte Valley Financial Services in Scottsbluff, Neb., has agreed to buy Potter State Bank in Potter, Neb. The parent of the $1.1 billion-asset Platte Valley Bank expects to purchase all deposits and loans held by the $47.2 million-asset Potter State in the first quarter, according to an announcement by Olsen Palmer, which represented the seller. The price wasn't disclosed.
Bethany Bankshares in Bethany, Mo., has agreed to buy Latham Bancshares in Latham, Mo. The parent of the $1.5 billion-asset BTC Bank expects to buy the holding company for the $190.1 million-asset Tipton Latham Bank in the second quarter, according to an announcement by Olsen Palmer, which represented the seller. The price wasn't disclosed.
ICBA CRA Solutions/USI Alliance has a new leader. The subsidiary of the Independent Community Bankers of America said in a press release that Kristine LaVigna had become its president and CEO. She will oversee the unit's mission to strengthen communities through CRA-aligned lending and investment. “Kristine brings deep expertise and a proven track record of leadership to this position,” ICBA Senior Executive Vice President of Innovation Kevin Tweddle said in
An investor group led by Daryl Byrd has agreed to buy M C Bank in Morgan City, La. DMMS Purchaser plans to buy the $479 million-asset bank, based on an announcement by Performance Trust Capital Partners, which advised the seller. The price wasn't disclosed. Byrd was CEO of IBERIABANK when it sold to First Horizon in Memphis, Tenn. “The combination of our associates and the DMMS team creates a powerful
University Bancorp in Ann Arbor, Mich., has agreed to buy Greater Pacific Bancshares in Whittier, Calif. University said in a press release that it will also buy American Finance House LARIBA, a mortgage and auto lender based in Pasadena, Calif. The deals are expected to close in the first half of 2026. Greater Pacific is the parent of the $167 million-asset Bank of Whittier. LARIBA has $18 million of assets.
Hana Financial Group in South Korea has injected $100 million into its U.S. bank. Hana Bank USA was created in 2013 after the parent company bought Broadway National Bank. Hana Financial injected $36.5 million into the bank in 2016 and another $65 million six years later. Hana Bank USA's maximum lending limit per customer should double with the infusion, to $32 million.
Mercury has applied to regulators to become a nationally chartered bank. The San Francisco fintech said in a press release that it applied with the Federal Deposit Insurance Corp. for deposit insurance and with the Office of the Comptroller of the Currency for a national bank charter. "Becoming an FDIC-insured national bank aligns with our long-term vision and will allow Mercury to deliver a better customer experience at scale," Immad
Thread Bancorp in Nashville, Tenn., raised $30.5 million. The company said in a press release that the funding round was led by Portage Ventures, with participation from Rockmont Partners and others. Proceeds will be used to support the continued growth and development of Thread’s embedded banking strategy. Thread aims to provide embedded “digital branches” through small business and consumer brands and vertical SaaS companies. “From the outset, our mission at
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