Third Coast Bancshares in Humble, Texas, could raise $75 million as part of a planned initial public offering. The $2 billion-asset parent of Third Coast Bank filed its registration statement with the Securities and Exchange Commission on Friday. The company did not disclose how many shares it will sell or the potential pricing; it said the amount of capital was provided for calculating the registration fee. Third Coast said it

Investar Holding in Baton Rouge, La., plans to recognize a $21.6 million loan-loss provision in the third quarter tied to hurricane damage to a borrower’s collateral.The $2.7 billion-asset company said in a regulatory filing Thursday that the provision is tied to multiple loans with an outstanding aggregate loan balance of $40.4 million.  The loans are secured by various types of collateral. Hurricane Ida, which hit in August, significantly reduced the

BankFirst Capital in Columbus, Miss., has agreed to buy F.B.H. Corp. in Fayette, Ala. The $1.8 billion-asset BankFirst said in a press release Thursday that it expects to buy the parent of the $223 million-asset Citizens Bank of Fayette in the fourth quarter. BankFirst did not disclose the price it will pay. "We are excited about the proposed acquisition … and believe the cultural alignment between our organizations is strong,” Moak

Peoples Financial Services in Scranton, Pa., plans to record a large gain in the fourth quarter after its sells Visa shares. The $3 billion-asset company said in a regulatory filing that its bank on Oct. 8 agreed to sell nearly 45,000 Class B shares, adding that the entire purchase prices will be realized as a pretax gain.  The sale is expected to settle later this month with the gain to be

First Internet Bancorp in Fishers, Ind., has reached an agreement with ApplePie Capital to buy conventional loans to franchisees.The $4.2 billion-asset First Internet said in a press release Wednesday that it plans to purchase $100 million of ApplePie-originated loans by the end of this year. “As a lifelong entrepreneur, I know the value of working with a bank that understands the challenges and rewards business owners face,” David Becker, First Internet’s

Catalyst Bancorp in Opelousas, La., has raised $52.9 million from its initial public offering and the mutual-to-stock conversion of St. Landry Homestead Federal Savings Bank. The parent of the $239 million-asset St. Landry said in a press release Wednesday that it sold nearly 5.3 million shares at $10 each. The stock is trading under the stock symbol “CLST.” “We are grateful for the trust our customers and investors have placed in us

NorthEast Community Bancorp in White Plains, N.Y., plans to write off the only nonperforming loan on its books. The $1.1 billion-asset company said in a press release Tuesday that the nonresidential real estate loan had a $3.6 million balance on June 30. It is secured by commercial real estate in Greenwich, Conn., and guaranteed by its two borrowers.  The loan, which is in foreclosure, is subject to Connecticut’s ongoing foreclosure

Synovus Financial in Columbus, Ga., announced that its specialty finance division CEO died in an airplane crash on Friday. The $55 billion-asset Synovus said in a public statement issued Monday that Jonathan Rosen and his assistant, Lauren Harrington, along with his daughter and her friend, were killed in the plane crash. Rosen and Harrington joined Synovus in 2016 when it bought Entaire Global One, a life insurance premium finance company. “From