Rockland FCU in Rockland, Mass., rebranded as Arise Financial. The $3.7 billion-asset Rockland said in a press release that the new name “will reflect the credit union’s evolution and vision for the future of member-focused banking.” “Arise represents more than a new name and look. It reflects who we’ve always been and where we are going,” President and CEO Kristin VanBeek said in the release. “Helping members ascend to their

State National Bank in Groom, Texas, has a new leader. The bank said in a press release that Tracy Harris had become its president and CEO. Harris was the chief strategic planning and project officer at Texas Regional Bank. “Tracy is exactly the leader State National Bank needs right now," the board said in the release. "She has done this before — built strong teams, driven loan growth, and delivered

Mercury raised $200 million in a Series D fundraising round. The fintech said in a LinkedIn post that TCV led the round with participation from Sequoia Capital, Andreessen Horowitz, Coatue Management, CRV, Sapphire Ventures and Spark Capital. "We raised because the opportunity ahead of us is large and we intend to meet it," CEO Immad Akhund said in the post. "We've been profitable for four years, hit $650 million in annualized

Clear Fork Bank in Albany, Texas, has its next CEO lined up. The $1 billion-asset bank said in a LinkedIn post that James Arnold will also become its president on June 1. Arnold, who was president and CEO of First Bank & Trust/UMB Bank in Lubbock, Texas, will succeed Tim Cooper, who will remain chairman. “Clear Fork Bank is built on strong relationships, sound leadership, and a deep commitment to

BCB Bancorp in Bayonne, N.J., parted ways with its CEO. The company disclosed in a regulatory filing that Michael Shriner had also stepped down as president and left the board. Ryan Blake, who is the chief operating officer, was named interim president and CEO.

Hometown Community Bancorp in Morton, Ill., has agreed to buy Manhattan Bancshares in Manhattan, Ill. Hometown, the holding company for Morton Community Bank, said in a press release that it plans to buy the parent of First Bank of Manhattan and New Lenox in the fourth quarter. The price wasn't disclosed. “We are excited to continue to expand first-class banking services for businesses and consumers in the Lincoln-Way area," Andy Honegger,

Former Rep. Barney Frank, the Massachusetts Democrat who helped create the rules that reshaped modern banking regulation after the 2008 financial crisis, had died. Frank, who was 86, served in Congress for 32 years. As chairman of the House Financial Services Committee during the financial crisis and its aftermath, he worked with former Sen. Chris Dodd to author the 2010 Dodd-Frank Act. The law introduced sweeping reforms that expanded oversight

Community Heritage Financial in Middletown, Md., has sold underperforming securities. The company said in a press release that it sold lower-yielding securities with a $73.3 million book value at a $3.9 million after-tax loss. The company plans to use the net proceeds to buy higher-yielding securities, with a projected earnback period between three and four years. The bank's regulatory capital will decline by about $3.9 million as a result of