Comerica in Dallas has a new head of payments. The $87 billion-asset company said in a press release Monday that Allysun Fleming will oversee all of its payments-related operations. She will report to Peter Sefzik, an executive vice president at Comerica Bank. "Our vision is to grow and optimize Comerica in ways that deepen the value we provide our commercial, wealth and retail customers," Sefzik said in the release.  "With the addition

Nano Banc in Irvine, Calif., made changes to several high-profile posts. The $1.1 billion-asset business bank said in a press release that it had named R. Scott Racusin as its CEO and Mary Lynn Lenz as its chairman. Steven Buster was named vice chairman. Racusin previously served as president and CEO of Merchants Bank of California. He was also set to become president and CEO of Robinhood Bank when the startup

U.S. Bancorp in Minneapolis will pay a $37.5 million penalty to the Consumer Financial Protection Bureau to address claims it opened accounts without informing customers or getting their consent. The $591 billion-asset bank entered into a consent order with the CFPB on Thursday. The order addresses claims that U.S. Bancorp employees issued credit cards and lines of credit, along with deposit accounts, to meet sales goals and hit incentives targets. The CFPB said

Blue Ridge Bankshares in Charlottesville, Va., reported lower quarterly earnings that reflected adjustments to the value of its fintech investments and a sharp decline in mortgage volume. The $2.8 billion-asset company’s second-quarter net income fell by 94% from a quarter earlier, to $1.1 million. Blue Ridge said the lower results reflected $9.4 million of fair value adjustments tied to equity investments in certain fintechs and a $3.6 million decline in income

Heritage Commerce in San Jose, Calif., will soon have a new CEO. The $5.1 billion-asset company said in a press release Thursday that Clay Jones will also succeed Walter Kaczmarek as president, effective Sept. 15. Jones, who is president and chief operating officer of Heritage Bank of Commerce, will also join the company’s board. Kaczmarek will remain on the board. “I would like to thank Walt for his unwavering commitment to

Red River Bancshares in Alexandria, La., is planning to open its first branch in New Orleans. The $3.1 billion-asset company said in a press release that it leased and remodeled a downtown branch. The location, which received regulatory approval, will open in the third quarter. Red River opened a branch in Lafayette, La., in January. “We continued to execute our organic expansion plans as we invest for future growth opportunities and to

Several community banks used their quarterly earnings releases to tease out technological enhancements.Kearny Financial in Fairfield, N.J.; Quaint Oak Bancorp in Southampton, Pa.; and Third Coast Bancshares in Humble, Texas, were among the smaller banks to talk about upgrades in their core platforms, working with fintech or moving into Banking-as-a-Service (BaaS). The $7.7 billion-asset Kearny said in a press release that it is looking to adopt a cloud-based digital banking platform.

Organizers of the proposed Evermore Bank in Fort Lauderdale, Fla., have received conditional approval from the Federal Deposit Insurance Corp. The FDIC is requiring the group to raise at least $25 million before opening the bank. Organizers originally outlined plans to raise $26 million to $45 million of initial capital. They plan to open a second branch in Wellington, Fla., during the first quarter of the bank's first year of operations. The goal