Rhodium BA Holdings has increased the price it will pay for Sunnyside Bancorp in Irvington, N.Y.The $99 million-asset Sunnyside disclosed in a regulatory filing Thursday that Rhodium increased the size of its offer by 8%, to $20.25 a share. Sunnyside also agreed to pay Rhodium a $1.5 million fee if it terminates the sale.Rhodium also agreed to indemnify Sunnyside and its directors and officers for up to $1 million of

Two veteran members of Bank of America’s executive team are stepping down at the end of this year.The $3 trillion-asset company said in a press release Thursday that succession plans for Anne Finucane, its vice chairman, and Thomas Montag, chief operating officer and president of global banking and markets, will be announced in coming weeks. Finucane, who is responsible for strategic positioning, sustainable finance, ESG, capital deployment and public policy efforts,

Planters Holding in Indianola, Miss., will enter Tennessee with an agreement to buy Germantown Capital.The $1.3 billion-asset Planters said in a press release Wednesday that it expects to complete the purchase of the parent of the $378 million-asset First Capital Bank in the fourth quarter. Planters did not disclose the price it will pay.First Capital has one branch in the Memphis, Tenn., area, along with $320 million of deposits and

A group in New Hampshire is looking to form the first new mutual in more than four decades.Organizers of Walden Mutual Bank expect to submit a new bank application this summer in hopes of opening the depositor-owned financial institution next year, according to the proposed mutual’s website.“We’re creating an online bank for everyone who eats, makes, grows cooks, or just loves our local food,” the group said on its website.

Berkshire Hills Bancorp has a new chairman.The $12.3 billion-asset company said in a Wednesday press release that Bill Dunlaevy retired from the board over the weekend. David Brunelle succeeded Dunlaevy as chairman as “part of a preestablished succession plan,” Berkshire said.Brunelle, co-founder and managing director or North Pointe Wealth Management, had been vice chairman and chaired the audit committee. He joined the board in 2017.Berkshire also said that Jeffrey Kip,

The owner of the Houston Rockets has agreed to buy Chasewood Bank in Houston.MergerCo, an entity owned by Tilman Fertitta, filed an application with the Federal Deposit Insurance Corp. and the Texas Department of Banking on Aug. 23 to buy the $114 million-asset bank.Bob Tyer, the bank’s president and CEO, is expected to keep his posts, according to the Houston Business Chronicle.Fertitta’s other businesses include Landry’s, Golden Nugget Casinos and

BOK Financial in Tulsa, Okla., has promoted an executive to oversee all of its specialized lending businesses.The $47 billion-asset company said in a press release Tuesday that Brad Vincent will be responsible for energy, commercial real estate, treasury services, commercial strategies, while remaining in charge of health care.Vincent will also be responsible for TransFund, an ATM and debit card processor.Vincent succeeded Stacy Kymes, the company’s chief operating officer. Kymes is

Berkshire Hills Bancorp in Boston has agreed to sell its insurance business to Brown & Brown in Daytona Beach, Fla.The $12.3 billion-asset Berkshire said in a press release Tuesday that it will sell the assets and operations of Berkshire Insurance Group for $41.5 million. The deal is expected to close by the end of September.The insurance business, formed in 2000, offers personal and commercial property-and-casualty insurance.The sale is part of