Forbright in Chevy Chase, Md., has filed for its planned initial public offering. The $7.9 billion-asset parent of Forbright Bank disclosed that Goldman Sachs and J.P. Morgan are its lead underwriters. The filing did not share how many shares will be sold or how much capital the company plans to raise. Certain unnamed shareholders also plan to sell stock in the offering. Forbright framed itself in the filing as operating

Stellantis Financial Services U.S., the American financial services division of Dutch automaker Stellantis NV, has been approved by the Federal Deposit Insurance Corp. for deposit insurance as it looks to form a Utah-chartered industrial bank. Stellantis Bank USA's proposed business model "will focus on providing automotive financing products nationwide, primarily through the purchase of retail instalment contracts from independent Stellantis dealers," the FDIC stated in its approval. "Funding will primarily

Flagstar Bank in Hicksville, N.Y., has split the role of president. The bank said in a press release that Joseph Otting will remain chairman and CEO, but will relinguish his role as president. The post will be filled by Richard Raffetto and Lee Smith, who will also serve as co-chief operating officers. Raffetto, who was also named chief banking officer, was president of commercial and private banking. Smith will remain chief

Eagle Bancorp Montana in Helena has a new president. The company said in a press release that Darryl Rensmon will take on the role on June 1, succeeding Laura Clark, who will remain CEO. Eagle said Rensmon, who was chief operating officer, is in line to succeed Clark as CEO whenever she retires. Clark had not set a retirement date. “I have worked closely with Darryl for nearly a decade,

Gibsland Bancshares in Gibsland, La., has agreed to buy Marion State Bank in Marion, La. The $575 million-asset Gibsland said in a press release that it plans to buy the $240 million-asset Marion State in the second half of 2026. The price wasn't disclosed. Marion State has five branches, $163 million of loans, and $210 million of deposits. “Marion State ... has built an outstanding reputation through more than a

Homestead Bank in Cozad, Neb., has agreed to buy First State Bank in Randolph, Neb. Homestead applied with the Federal Deposit Insurance Corp. on May 13. The deal is expected to close in mid-2026. The price wasn't disclosed.

Victory Bank in Lubbock, Texas, has agreed to buy a 40% stake in McDonald Capital Management. McDonald is a fee-only investment management firm that oversees more than $350 million in assets. “Our significant investment ... is a testament to both our strategic focus as well as our non-linear approach to building a durable, high-performing, Texas banking enterprise,” C. Brett McDowell, Victory's co-founder and CEO, said in a statement. “This is

Hancock Whitney in Gulfport, Miss., has agreed to buy OFB Bancshares in Orlando, Fla. Hancock Whitney said in a press release that it will pay $377.6 million in cash for the $2.1 billion-asset parent of One Florida Bank. The deal, which is expected to close in the third quarter, priced OFB at 200% of its tangible book value. The acquisition “represents a significant step in our long-term growth strategy, expanding