U.S. Bancorp in Minneapolis has agreed to buy TravelBank, a San Francisco fintech that focuses on expense reporting. TravelBank also helps employees and businesses automate processes, streamline approvals and reporting, and ensure compliance with company policies. The deal is expected to close in the fourth quarter. The $567 billion-asset U.S. Bancorp did not disclose the price it will pay."We are focused on giving businesses more confidence, control and convenience in managing payments

A group in Delafield, Wis., is looking to form a bank. Organizers of the proposed Virtue Bank applied on Friday with the Federal Deposit Insurance Corp. for deposit insurance. The bank would operate as a unit of Digital First Bancorp. "The bank is being established to serve the financial needs of the local communities in which it resides," the group said in its application. "Additionally, it is expected that the bank will

BM Technologies in Radnor, Pa., has agreed to buy First Sound Bank in Seattle.BM Technologies, spun off from Customers Bancorp earlier this year, said in a press release Monday that it will pay $23 million in cash for the $150 million-asset First Sound. The deal is expected to close in the first half of 2022. The combined company will operate as BMTX Bank. BM Technologies, once known as BankMobile, said it

Norwood Financial in Honesdale, Pa., is looking for a new CEO. The $2 billion-asset company said in a press release Monday that Lewis Critelli will also retire as its president during the first half of next year. Norwood said it had hired Kaplan Partners to help it find a successor. Critelli has been Norwood’s president and CEO since 2010. Under his leadership, the company completed three acquisitions and expanded into new markets

Patriot National Bancorp in Stamford, Conn., has agreed to buy American Challenger Development in a move designed to create the nation’s biggest challenger bank. The $952 million-asset Patriot National said in a press release Monday it will pay $119 million for American Challenger. The deal will be structured as a reverse subsidiary merger, with American Challenger surviving as a wholly owned subsidiary of Patriot. Raymond Quinlan, American Challenger’s CEO, will

Eagle Bancorp Montana in Helena has pushed back the closing date of its pending purchase of First Community Bancorp in Glasgow, Mont. The $1.4 billion-asset Eagle said in a regulatory filing Friday that it now expects to complete the acquisition in the first quarter. The company originally forecast a fourth quarter closing. Eagle did not provide a reason for the new timeline. Eagle announced the $41.3 million deal in October.  The deal is expected

Providence Bank & Trust in South Holland, Ill., has agreed to but Leaders Bank in Oak Brook, Ill. The $1.3 billion-asset Providence did not disclose the price it will pay for the $359 million-asset Leaders.The acquisition “reflects our ongoing commitment to providing personalized banking services and products at the community level,” Steve Van Drunen, Providence’s president and CEO, said in the release."We’re confident that customers will have a positive banking experience,

Georgia Banking Co. in Atlanta has agreed to buy Peoples BankTrust in Buford, Ga.The $1 billion-asset Georgia Banking said in a press release Wednesday that it will pay $58 million in cash and preferred stock for the $439 million-asset Peoples. The deal is expected to close in the first quarter. Peoples one branch, $393 million of deposits and $151 million of loans. Georgia Banking was recapitalized by an investor group led