First Seacoast Bancorp in Dover, N.H., has agreed to buy a portfolio of wealth management accounts.The $478 million-asset company disclosed in a regulatory filing Tuesday that its bank plans to buy accounts with about $26.3 million of assets under management from an unnamed investment advisory firm.First Seacoast will pay $344,475 for the accounts, with $172,237 to be paid at closing and the rest when the accounts are successfully transferred.First Seacoast

Southern States Bancshares in Anniston, Ala., raised $15.8 million from its initial public offering. The $1.5 billion-asset company said in a press release Monday that it sold more than 996,000 shares of its common stock at $19 a share. The stock has been listed under the symbol “SSBK.”Certain shareholders sold roughly 1 million shares of stock as part of the IPO. Those shareholders included Patriot Financial Partners, EJF Sidecar Fund, EJF

Old Second Bancorp in Aurora, Ill., has added a former executive at TCF Financial to its board.The $3.3 billion-asset company said in a regulatory filing Tuesday that Dennis Klaeser had become a director. He also joined the board of Old Second National Bank.Klaeser served as chief financial officer at TCF from August 2016 to April 2020. Before that, he was CFO at Talmer Bancorp when it was sold to Chemical Financial.TCF

Citizens State Bank in Somerville, Texas, has agreed to buy Burton State Bank in Texas.The $840 million-asset Citizens State said in a press release Monday that the deal for the $85 million-asset Burton State should close later this year. Citizens State did not disclose the price it will pay.Burton State has one branch. Citizens State is “excited about the acquisition … and the opportunities for growth it will provide for

Northeast Bank in Portland, Maine, is planning to ramp up efforts to offer traditional Small Business Administration loans to small businesses that participated in the Paycheck Protection Program.The $2.2 billion-asset bank disclosed in a regulatory filing that it has reached a five-year agreement with United Operations and AmLoan to market 7(a) loans to PPP participants. United will provide the marketing and servicing, while Northeast will underwrite and fund any approved

New York Community Bancorp in Westbury is planning to work with Figure Technologies on a series of blockchain projects.The $57.5 billion-asset New York Community said in a press release Monday that it expects to use Figure’s Provenance Blockchain to support financial inclusion, lower costs and complexity in its mortgage business and support a faster and less expensive payments system.New York Community said it will make a direct equity investment in

Sens. John Hickenlooper, D-Colo., and Sens. Tim Scott, R-SC, have introduced a bill that would lift the moratorium on issuing new Small Business Lending Company licenses and allow fintechs to participate in the Small Business Administration’s 7(a) program.Fintechs were given their first access to SBA lending as part of the Paycheck Protection Program."Our bipartisan bill will modernize the SBA’s primary loan program to help underserved small businesses grow and thrive,”

Amalgamated Financial in New York has added a former banker to its board.The $6.6 billion-asset company said in a press release that Darrell Jackson is its newest director. Jackson is president and CEO of The Efficace Group, an executive coaching business.“We are thrilled to welcome Darrell as a valuable member of our team,” Lynne Fox, Amalgamated’s chairman, said in the release.“We firmly believe that his demonstrated expertise and leadership across