The former chief innovation officer at the Federal Deposit Insurance Corp. delivered a stinging criticism of federal banking agencies days after leaving his post.Sultan Meghji, who resigned from the FDIC on Feb. 18, wrote in an op-ed for Bloomberg that he “found barriers to innovation” at virtually every agency he worked with. He collaborated with the Federal Reserve, the Consumer Financial Protection Bureau, and other federal agencies during his stint

SoFi Technologies in San Francisco has agreed to buy Technisys, a cloud-based, digital banking platform.SoFi said in a press release Tuesday that it will pay about $1.1 billion in stock for Miami-based Technisys. The deal is expected to close in the second quarter. “Technisys has built an attractive, fast-growth business with a unique and critical strategic technology that all leading financial services companies will need in order to keep pace with

Auburn National Bancorp. in Auburn, Ala., has agreed to sell land next to its corporate headquarters. The $1.1 billion-asset company disclosed in a regulatory filing Tuesday that it will part with 0.85 acres of land for nearly $4.3 million. The company said it expects the sale to be accretive to its earnings by about 70 cents a share. Auburn National disclosed that the buyer is a bank customer, noting that it hasn’t

Financial Institutions in Warsaw, N.Y., is entering the Baltimore and Washington markets after hiring a team of commercial lenders from Howard Bank. The $5 billion-asset parent of Five Star Bank said in a press release Tuesday that it hired John Mangan as its Mid-Atlantic president. He previously served as senior vice president and team lead for commercial real estate and facilities management at Howard Bank.  Howard Bank was recently acquiredby F.N.B.

RBB Bancorp in Los Angeles is conducting a probe tied to its longtime president and CEO. The $4.2 billion-asset company said in a press release Tuesday that Alan Thian had taken a leave of absence, effective immediately, pending an internal investigation being conducted by a special committee of its board. The company did not disclose the members of the committee or what the group will investigate. RBB said the board had appointed David

Georgia’s Own Credit Union in Atlanta has agreed to buy Vinings Bank in Smyrna, Ga. The $3.4 billion-asset Georgia’s Own said in a press release Monday that it will keep all of the $653 million-asset Vinings’ employees. Georgia’s Own, which bought State Bank of Georgia in 2018, did not disclose the price it will pay. “We are committed to making this venture a positive one for everyone involved,” Dave Preter, Georgia’s Own

M&T Bank in Buffalo, N.Y., and People’s United Financial in Bridgeport, Conn., have extended the deadline for their merger agreement by more than three months. The $143 billion-asset M&T and the $60 billion-asset People’s United said in a press release Friday that the end date was moved from Feb. 21 to June 1. While the acquisition has been approved by the New York State Department of Financial Services and the Connecticut Department

Solera National Bancorp in Lakewood, Colo., is again looking for a new leader. The $651million-asset company said in a press release Friday that Kreighton Reed had resigned as its president and CEO, effective Jan. 24. Peter Lindquist, Solera’s chief credit officer, resigned on Dec. 10. "We thank Kreighton and Peter for their many contributions to Solera" Mike Quagliano, the company’s chairman, said in the release. "Our team continues to move forward