Western Alliance Bancorp. in Phoenix is the latest regional bank to disclose an issue tied to alleged borrower fraud. The company disclosed in a regulatory filing that it has a note finance revolving credit facility to Cantor Group V LLC secured by pledged commercial real estate loans and cash proceeds. In August, Western Alliance filed a lawsuit alleging fraud by the borrower, claiming it failed to provide collateral loans in

Zions Bancorp. in Salt Lake City warned that exposure to a pair of borrowers will lead it to boost reserves for problematic loans. The company disclosed in a regulatory filing that it recorded a $60 million loan-loss provision and charged off $50 million in the third quarter tied to two commercial-and-industrial loans. The decision came after Zions "became aware of legal actions initiated by several banks and other lenders" against

First Citizens BancShares in Raleigh, N.C., has agreed to buy 138 branches from BMO Bank in Canada. First Citizens said in a press release that the deal includes $5.7 billion of deposits and $1.1 billion of loans. Most of the branches are in North Dakota, South Dakota, Wyoming, Nebraska, Kansas, Missouri, Oklahoma and Idaho. The deal is expected to close in mid-2026. First Citizens said it expects to pay a

Piper Holdings in Covington, Ind., has agreed to buy Gifford Bancorp in Gifford, Ill. Piper, the parent of the $669.5 million-asset Fountain Trust Co., did not disclose how much it will pay for the holding company of the $188.5 million-asset Gifford State Bank. The deal is expected to close in the first quarter. The merger “allows us to provide a broader range of banking services to our customer base, and

Integra BG, a group formed earlier this year, agreed to buy Uinta Bank in Mountain View, Wyo. Integra BG did not disclose in its LinkedIn post what it plans to pay for the $208 million-asset Uinta. The plan is to rebrand Uinta as Tanager Bank. Integra also plans to conduct a private capital raise and implement new technology. “The combined experience of the board and management team will provide leadership

The Office of the Comptroller of the Currency has issued conditional approval for Erebor Bank, a proposed de novo backed by Peter Thiel and Palmer Luckey that would incorporate stablecoin into its business plan. The OCC's decision authorizes the organizers of the planned Columbus, Ohio, de novo to advance toward a pre-opening examination. Erebor, which still needs approval from the Federal Deposit Insurance Corp., aims to serve  technology companies involved

Kitsap Credit Union in Bremerton, Wash., invested in AI startup D8TAOPS. The credit union said in a press release that it became the first credit union in Washington state to gain approval from the state regulator to make the equity investment. Kitsap said the investment in D8TAOPS, an Oregon-based AI and data orchestration firm, will help modernize its operations, improve efficiency and enhance the member experience. The size of the

Telcoin in Norfolk, Neb., which is looking to open a blockchain-focused digital bank, raised $25 million in a pre-series A funding round. The company said in a press release that the funds would capitalize Telcoin Digital Asset Bank, which has received conditional approval for a Nebraska Digital Asset Depository Institution charter. The plan is to open later this year. Otter & Co. Capital Holdings was among the investors. “Telcoin is