Scotiabank in Toronto has agreed to buy Maple Financial Holdings in Tulsa, Okla. The Canadian bank did not disclose how much it will pay for the parent of the $1 billion-asset MapleMark Bank. Most of the bank's deposits are in the Dallas area. The acquisition "allows Scotiabank to offer FDIC deposit insurance to our clients, which is important for our mortgage capital markets business and our deposit growth strategy," Travis

SoFi bought Peach Finance, a California fintech that provides loan management and servicing software to financial institutions. The price wasn't disclosed. Peach, founded in 2018 by Eddie O., Eran Sandler, and Gur Brosh, has raised $35.8 million in total funding, backed by SciFi VC, Caffeinated Capital, Background Capital, Nyca Partners, and Canapi Ventures. Its raised $10.3 million in a Series B round in October 2024. Peach will become part of

Legend Bancorp in Bowie, Texas, has agreed to buy Graham Savings and Loan in Graham, Texas. The $1.2 billion-asset Legend said in a press release that it expects to buy the $160 million-asset Graham Savings this fall. The price wasn't disclosed. “As a locally-owned, community bank focused on our employees, customers, and communities, we have a similar DNA," Jay Bearden, Legend's president and CEO, said in the release. "We share

An organizing group is looking to create Venture Coast Bank in Palo Alto, Calif. The application describes a one-branch de novo built around a relatively simple proposition: a back-to-basics community bank serving small and midsize businesses, retail customers, and local organizations. Venture Coast's organizers plan to operate without affiliates or a complex organizational structure, leaning on a “client-oriented service model,” a clear capital structure, and a focus on deposit, lending,

Members Credit Union in Stamford, Conn., is coordinating next steps following the death of its CEO. The credit union disclosed that Kathy Chartier had passed away. She was also Members' president. "Kathy was a respected leader, mentor, and advocate for the credit union philosophy of people helping people," the credit union said in a LinkedIn post. "Her compassion, humility, and dedication to serving others touched countless lives throughout our community

Alliance Bancshares in Cape Girardeau, Mo., has agreed to buy ASB Management in Anna, Ill. The $399.9 million-asset Alliance expects to buy the parent of the $112.3 million-asset Anna State Bank in the fourth quarter, according to Olsen Palmer, which advised the seller. The price wasn't disclosed.

Regions Financial agreed to pay about $4.9 million as part of a Department of Justice settlement tied to claims the Birmingham, Ala., bank received government payments related to a Paycheck Protection Program loan that it shouldn’t have. The DoJ had alleged that the $161 billion-asset Regions approved forgiveness of a customer’s PPP loan in August 2021 even though the loan wasn’t eligible. The Justice Department claimed that the bank was

Axiom Bank in Orlando, Fla., has been freed from a formal agreement with the Office of the Comptroller of the Currency. The bank disclosed that the OCC terminated the October 2024 agreement last month. “We are excited to announce the closure of this Formal Agreement in just over 18 months," Ross Breunig, the bank's president and CEO, said in the press release. "We used this process to build a fundamentally