Eastern Bankshares in Boston is planning to sell the corporate offices of Century Bancorp in Medford, Mass. The $17 billion-asset Eastern disclosed in a regulatory filing Wednesday that it has an agreement to sell a five-story office building, a three-story building and nearly five acres of land for $20.5 million. Eastern agreed in April to buy Century for $642 million. The sale of the property is contingent on the Century acquisition closing.

A two-day golf trip kickstarted conversations that led to the pending sale of Reliant Bancorp in Brentwood, Tenn., to United Community Banks in Blairsville, Ga. The $19.6 billion-asset United agreed on July 14 to buy the $3.1 billion-asset Reliant for $517 million. Before we dig into the background, based on a recent regulatory filing tied to the merger, here is a recap the deal’s financial details. The deal, which is expected to close

A group in Irvine, Calif., is looking to open a bank. Organizers of Beach Cities Commercial Bank applied with the Federal Deposit Insurance Corp. on Sept. 27 for deposit insurance. They plan to raise $25 million to $27 million in initial capital, according to the application. “The bank plans to provide better service than is currently available to customers in the bank’s market areas, using the skills and experience of a

PDL Community Bancorp in Bronx, N.Y., has applied for $225 million in capital through a new program handled by the Treasury Department. The $1.5 billion-asset parent of Ponce Bank disclosed in a regulatory filing Tuesday that it had applied on Aug. 31 for funds from the Emergency Capital Investment Program. PDL has not yet been approved for the funds. Under the program, created by the Consolidated Appropriations Act of 2021, the

Frandsen Financial in Lonsdale, Minn., has agreed to buy Bank of Zumbrota and Pine Island Bank from Zumbrota Agency.The $2.6 billion-asset Frandsen said in a press release that the deal for the $201 million-asset Bank of Zumbrota and the $115 million-asset Pine Island is expected to close by the end of this year. Frandsen did not disclose the price it will pay. “We look forward to serving their customers and supporting

Nymbus has moved its corporate headquarters to Jacksonville, Fla., to be closer to a large credit union that led a major investment in the technology company earlier this year.Nymbus said in a press release Tuesday that the move from Miami reflects its collaboration with VyStar Credit Union. VyStar, which invested $20 million in the Nymbus CUSO, is also working with the tech company on online and mobile banking platforms. Nymbus plans

Republic Bancorp in Louisville, Ky., has filed a lawsuit against Green Dot after a plan to sell its tax refund solutions business to the prepaid card issuer fell through. The $6.2 billion-asset Republic disclosed in a regulatory filing Tuesday that the deal collapsed due to “undisclosed issues” with Green Dot’s primary regulator. Republic said it believes all the conditions established in the purchase agreement would have been satisfied. The lawsuit was filed

Arvest Bank of Fayetteville, Ark., has agreed to sell 16 branches to five different banks.The $26 billion-asset bank said in a Friday press release that it plans to sell the locations during the first quarter. Magnolia Banking in Magnolia, Ark., agreed to buy nine branches in Arkansas and Oklahoma. Cross County Bank in Wynne, Ark., will buy two Arkansas locations, while FNBC Bank in Ash Flat, Ark., will also acquire a