Robert Klingler, a veteran banking attorney, has a new law firm. Klinger announced in a tweetMonday that he had joined Nelson Mullins Riley & Scarborough as a partner in its financial institution corporate and regulatory group. The move was also reflected in his LinkedIn profile. Klinger previously worked at Bryan Cave Leighton Paisner, where he was a banking attorney in the firm’s financial services corporate and regulatory team from 2009 to 2022. In

Live Oak Bancshares in Wilmington, N.C., will record a large one-time gain when Fiserv buys cloud-based core system Finxact. Fiserv said in a press release Monday that it will buy the remaining ownership stake in Finxact for about $650 million. “We’re accelerating the delivery of innovative digital banking experiences for our clients and elevating their ability to compete in a rapidly changing market,” Frank Bisignano, Fiserv’s president and CEO, said in the

Seacoast Banking Corp. of Florida in Stuart has combined the roles of chairman and CEO. The $9.7 billion-asset company said in a press release Thursday that Chuck Shaffer, its president and CEO, had succeed Dennis Hudson III as chairman. Hudson, who preceded Shaffer as CEO, will remain on Seacoast’s board. “We thank Denny for his outstanding leadership over more than four decades,” Shaffer said in the release. “We are pleased our board

OceanFirst Financial in Red Bank, N.J., has agreed to buy a title insurance agency. The $11.7 billion-asset company said in a press release Thursday that it will acquire a majority interest in Trident Abstract Title Agency. The deal is expected to close on March 1. The deal gives OceanFirst the option to buy 100% of the agency. OceanFirst did not disclose the price it will pay. The acquisition “is a natural step for

The Federal Deposit Insurance Corp. has given conditional approval for a proposed bank in Bloomington, Minn. Organizers of EntreBank must raise $32 million before opening the bank, according to the FDIC’sJan. 27 approval.Organizers applied with the FDIC for deposit insurance in August. They changed the proposed bank’s name from Brava Bank to EntreBank. The bank would operate as a unit of Entrepreneurs Bancshares. The principal shareholder would be the Entrepreneurs Bancshares Revocable

Kentucky First Federal Bancorp in Frankfort has added a former CEO of its bank to its board. The $337 million-asset parent of First Federal Savings and Loan of Hazard said in a press release Wednesday that Lou Ella Farler is its newest director. Farler was president and CEO of First Federal from 2012 to 2018, when she retired. She has been on the bank’s board since 2011. Farler’s “wise counsel and guidance, the

BAWAG Group in Vienna, Austria, has agreed to buy Peak Bancorp in McCall, Idaho. The $555 million-asset parent of Idaho First Bank said in a press release Wednesday that BAWAG is paying $65 million.  BAWAG, which offer financial services in Europe through various brands and delivery channels, will work with the bank’s existing leadership team continue expanding in Idaho and adjacent markets. “We are extremely excited about the opportunity to join BAWAG

Silvergate Capital in La Jolla, Calif., has acquired intellectual property and other technology assets tied to running a blockchain-based payment network from the Diem Group. Silvergate said in a press release Monday that it paid $182 million in cash and stock. The assets Silvergate bought included development, deployment and operations infrastructure, along with the tools for running a blockchain-based payment network.The deal includes proprietary software elements critical to running a