A trio of banks has invested in a minority-depository institution in Detroit. First Independence, the parent of the $407 million-asset First Independent Bank, said in a press release Wednesday that it closed equity investments from Citigroup in New York, U.S. Bancorp in Minneapolis and Old National Bancorp in Evansville, Ind. First Independence, a black-owned bank that recently announced plans to add branches in Minneapolis, did not disclose the amounts invested. “We

Univest Financial in Souderton, Pa., has acquired an insurance agency in Intercourse, Pa.The $7 billion-asset Univest said in a press release Wednesday that it bought Paul I. Sheaffer Insurance Agency. Univest did not disclose the price it paid."As Univest continues to grow in central Pennsylvania, the acquisition … allows us to better serve the insurance needs of businesses and individuals in the region,” Ronald Flaherty, president of Univest Insurance, said

A court in Delaware has rejected a request by Republic Bancorp to force Green Dot to buy its tax refund solutions business to the Louisville, Ky., banking company.The $6.2 billion-asset Republic disclosed in a regulatory filing that the Delaware Court of Chancery on Thursday denied its expedited motion for summary judgment that tried to make the transaction happen. The court determined that the risk of regulatory action, including criminal and

Amerant Bancorp in Coral Gables, Fla., is set to bring in $135 million from selling its headquarters property. The $7.5 billion-asset company disclosed in a regulatory filing Wednesday that it will sell the building, along with surrounding real estate, in a deal that is expected to close by Dec. 15. Amerant plans to lease the property from the buyer for 18 years at “a market rent and with customary terms and

InBankshares in Denver has agreed to buy Legacy Bank in Wiley, Colo. The $705 million-asset InBankshares said in a press release Wednesday that it will pay $56 million in cash and stock for the $497 million Legacy. The deal is expected to close in the second quarter. Legacy, founded in 1907, has nine branches, $316 million of loans and $426 million of deposits. "We are excited to announce this partnership that expands

TriState Capital Holdings in Pittsburgh will soon have a new CEO.The $12.1 billion-asset company said in a press release Wednesday that Brian Fetterolf will also become its president on Jan. 1. Fetterolf will succeed James Getz, who will remain chairman. Getz, who has been president and CEO since 2007, will continue to lead the board and support strategic business development activities. Getz will also remain chairman of TriState Capital Bank and

BOK Financial in Tulsa, Okla., has accelerated the succession plan for its president and CEO. The $47 billion-asset company said in a press release Wednesday that Steven Bradshaw will retire on Dec. 31. He will be succeeded by Stacy Kymes, the company's chief operating officer.BOK said in August that Bradshaw would retire on March 31. “It has been an extreme honor to serve BOK Financial and to play a role in the

A group is looking to form a bank in Burlington, Vt. Organizers of Bank of Burlington applied on Tuesday with the Federal Deposit Insurance Corp. for deposit insurance. The application wasn’t immediately available. A public notice filed in conjunction with the application listed 19 organizers, including Bruce Lisman, a former chairman of the global equities division of JPMorgan Chase. At least three organizers have ties to Champlain Investment Partners, including CEO Judith