Alton Bancshares in Alton, Mo., has agreed to buy Table Rock Community Bank in Kimberling City, Mo.Alton, the parent of the $144 million-asset First Community Bank of the Ozarks and the $106 million-asset Alton Bank, said in a press release that it expects to buy the $150 million-asset Table Rock in the second or third quarter. Alton did not disclose the price it will pay. Table Rock “is well known for serving

Zions Bancorp. in Salt Lake City created a new expense line item to break out costs tied to technology, telecom and information processing. The $93 billion-asset company disclosed in a regulatory filing Friday that those items had previously resided under the line items for "furniture, equipment and software" and for "other expenses" that included data processing and communications costs. Technology, telecom and information processing expenses averaged about 11% of overall noninterest income

Piedmont Federal Savings Bank in Winston-Salem, N.C., is looking to form a holding company. The $1 billion-asset bank filed applications with the Federal Deposit Insurance Corp. and the Office of the Comptroller of the Currency tied to the initiative. The filings weren’t immediately available. In a legal notice filed in conjunction with the applications, Piedmont Federal said it is planning to reorganize into a federal mutual holding company. Piedmont Federal has had four

Southern First Bancshares in Greenville, S.C., said its bank recently received a “needs to improve” rating from the Federal Deposit Insurance Corp. tied to its compliance with the Community Investment Act.The $2.9 billion-asset company disclosed in a regulatory filing Friday that the notice, received on March 16, covers the period from Feb. 12, 2018, to March 29, 2021. The filing provided no other details about the rating. “We are proud of our

Republic First Bancorp in Philadelphia is planning to delay its 2022 annual meeting while it conducts an investigation into certain related-party transactions. The $5.4 billion-asset company disclosed in a regulatory filing Friday that its auditors, as part of a review of its 2021 financial statements, advised management and the chairman of the audit committee that it thought an independent investigation should be conducted. The filing said the related-party transactions are the subject

USCB Financial Holdings in Miami has added a high-profile banking consultant to its board. The $1.9 billion-asset parent if U.S. Century Bank said in a press release Friday that it had appointed Robert Kafafian as an independent director and serve on the bank’s asset and liability committee. Kafafian is the founder, chairman and CEO of The Kafafian Group. Kafafian “exemplifies the qualities we are seeking in a new director – a broad

Benchmark Bankshares in Kenbridge, Va., has agreed to buy a branch in Emporia, Va., from First Community Bankshares in Bluefield, Va.The $1 billion-asset Benchmark said in a press release that it will also buy the deposits housed at the branch. No loans are changing hands. The branch had $65.8 million of deposits in June 2021, based on the most recent data from the Federal Deposit Insurance Corp. The deal is expected to

Ponce Financial Group in Bronx, N.Y., has hired a former regulator as its chief operating officer.The $1.7 billion-asset company said in a press release Friday that Luis Gonzalez Jr. will have the same role at its bank. Gonzalez held several posts at the Office of the Comptroller of the Currency over 15 years, at one point serving as acting assistant deputy comptroller.  Gonzalez “will be an outstanding addition to our management