University Bancorp in Ann Arbor, Mich., raised $25 million from a private placement of common stock. The company said in a press release that it sold preferred stock to an affiliate of Castle Creek Partners that can be converted to common stock at any time. University Bancorp also said it secured a $12.5 million line of credit.

Community First Credit Union in Jacksonville, Fla., has agreed to buy First Southern Bank in Waycross, Ga. The $2.9 billion-asset credit union said in a press release that it reached a deal with FSBH Corp. to buy substantially all of the assets and assume most of the liabilities of the $400 million-asset First Southern. FSBH shareholders will receive about $17.14 in cash for each share of their common stock. The

BancFirst in Oklahoma City has agreed to buy American Bank of Oklahoma in Collinsville. The $14 billion-asset BancFirst said in a press release that it expects to buy the $385 million-asset American Bank in the third quarter. The price wasn't disclosed. "Collinsville and Skiatook are thriving communities that continue to experience dynamic growth in northeastern Oklahoma," David Harlow, BancFirst's CEO, said in the release. "This acquisition aligns with our continued commitment to serving communities here in

Fintech Ramp raised $300 million in the latest funding round. Eric Glyman, the SaaS company's co-founder and CEO, disclosed the effort in a LinkedIn post. Bloomberg reported that the round was led by Lightspeed. "We're growing 10x faster than the median publicly traded SaaS company," Glyman said in his post. "Revenue, customers, and feature velocity doubling in the past year."

GECU in El Paso, Texas, has agreed to buy Bank of the Southwest in Roswell, N.M. New Mexico National Financial plans to sell the $187 million-asset bank, including 12 branches and "substantially" all of its liabilities, to the $4.4 billion-asset credit union, according to an announcement by Olsen Palmer, which advised the bank. The price wasn't disclosed. The National Credit Union Administration must approve the deal, along with the Federal

Blue Ridge Bankshares in Charlottesville, Va., has been freed from a January 2024 consent order with the Office of the Comptroller of the Currency. The company made several big decisions since it was hit with the order, making Billy Beale as its CEO, raising capital, and exiting its Banking-as-a-Service vertical. "Months ago, we turned our attention to community banking with a focus on improving our customer experience while attracting new

Olympic Bancorp in Port Orchard, Wash., returned to the negotiating table with Heritage Financial in Olympia, Wash., after a rival bidder moved to cut its offer, giving new life to a deal that was ultimately priced at $176.6 million. The $7.1 billion-asset Heritage agreed in September to buy the $1.7 billion-asset parent of Kitsap Bank for $176.6 million in a deal expected to close in the first quarter. A Nov.

First United in Oakland, Md., will begin 2026 with a new CEO. The $2 billion-asset company said in a press release that Jason Rush will also become president on Jan. 1. Rush, the company's chief operating officer, will succeed Carissa Rodeheaver, who is retiring Rodeheaver will remain executive chairman until the company's May 7 annual meeting. Rush is expected to join the board.