Ponce Financial Group in Bronx, N.Y., has hired a former regulator as its chief operating officer.The $1.7 billion-asset company said in a press release Friday that Luis Gonzalez Jr. will have the same role at its bank. Gonzalez held several posts at the Office of the Comptroller of the Currency over 15 years, at one point serving as acting assistant deputy comptroller.  Gonzalez “will be an outstanding addition to our management

Patience is becoming a virtue with VyStar Credit Union’s still-pending purchase of Heritage Southeast Bank in Jonesboro, Ga. The $11.7 billion-asset Vystar said late Thursday that the $196 million acquisition is being delayed for a third time as it awaits regulatory approval. This time, the closing has been pushed back to June 30. The credit union agreed to buy the $1.7 billion-asset bank in March 2021; if it closes it would

BankGuam Holding in Hagatna said its chairman has retired as an employee of the company.The $2.8 billion-asset company disclosed in a regulatory filing Friday that William Leon Guerrero’s employment contract recently expired. He will remain BankGuam’s chairman. Guerrero was the bank's chief operating officer from its founding in 2011 until he was named chairman in 2019. The company also disclosed that it extended the contracts for Joaquin P.L.G. Cook, its president and

National Bank Holdings in Denver has agreed to buy Bancshares of Jackson Hole in Jackson Hole, Wyo.The $7.2 billion-asset National Bank said in a press release Friday that it will pay $230 million in cash and stock for the $1.6 billion-asset parent of Bank of Jackson Hole. The deal, which is expected to close in the second half of this year, priced Bancshares of Jackson Hole at 196% of its

Sterling Bancorp in Southfield, Mich., significantly increased its fourth-quarter earnings after revising the fair value of a commercial real estate loans it sold. The $2.9 billion-asset company said in a press release Thursday that it earned $8.1 million in the quarter, compared to the $4.8 million it reported in early February. Sterling determined after reporting its quarterly results that the estimated fair value of the loans at Dec. 31 should have been

Citizens Bank of Edmond in Oklahoma has been designated a women-owned depository institution by the Federal Reserve. Jill Castilla, the $370 million-asset bank’s president and CEO, made the announcement on her Twitter feed. “The OCC lists only a dozen women-owned/women-led banks in the nation,” she tweeted. “We’re so excited … to add one more!” The designation "provides our bank resources and access to funds that will further support of commitment to sustain for

CRB Group in Fort Lee, N.J., has raised $620 million in new capital.The parent of the $9.1 billion-asset Cross River Bank said in a press release Wednesday that the funding was led by Eldridge and Andreessen Horowitz. Other investors included funds and accounts advised by T. Rowe Price Investment Management, Whale Rock and Hanaco Ventures.  Several of Cross River’s existing investors also participated, while FT Partners was the strategic and

The Federal Deposit Insurance Corp. is seeking public comments after releasing proposed steps big banks should consider to manage exposure to climate-related financial risks. The federal agency said in a press release Wednesday that it the principles are focused on banks with more than $100 billion of assets. "The proposed statement of principles represents an initial step toward the promotion of a consistent understanding of the effective management of climate-related financial risks," Martin