First State Fremont in Fremont, Neb., has agreed to buy Two Rivers Bank in Blair, Neb.The $288 million-asset parent of First State Bank & Trust plans to complete the purchase of the $148 million-asset Two Rivers in the fourth quarter, according to an announcement by Olsen Palmer. The price was not disclosed.Two Rivers has two branches.Olsen Palmer advised the seller.

Metropolitan Bank Holding in New York is planning to raise up to $172.5 million from selling common stock. The $5.8 billion-asset company said in a press release Monday that it plans to sell $150 million in public stock offering. The underwriters have an option to buy another $22.5 million of common stock. Metropolitan said it plans to use the net proceeds for general corporate purposes that could include the repayment or redemption

Bank of America will soon have a new chief financial officer as part of several management changes that include the addition of three women to the executive leadership team.The $3 trillion-asset company announced on Friday that Alastair Borthwick, president of global commercial banking, will become CFO in the fourth quarter. He will succeed Paul Donofrio, who will become vice chair and focus on its sustainable finance business and overseeing the

KeyCorp in Cleveland has sold its indirect retail auto loan portfolio.The $181 billion-asset company said in a press release Friday that it sold the $3.2 billion portfolio to an affiliate of Waterfall Asset Management. Key did not disclose how much the Waterfall affiliate paid for the loans.Key said its bank also purchased $2.8 billion of senior notes from a securitization collateralized by the sold loans. The bank will continue to service

Associated Banc-Corp in Green Bay, Wis., is beefing up in several areas, including auto finance, equipment finance and digital banking. The $34 billion-asset company said in a press release Thursday that it will also bulk up in asset-based lending, small-business lending and wealth management. "We have a significant opportunity to strategically drive revenue growth across our core business lines while also expanding our portfolio," Andy Harmening, Associated’s president and CEO, said in

SmartFinancial in Knoxville, Tenn., has entered three new markets in Alabama after hiring several former BBVA bankers. The $3.7 billion-asset company said in a press release Wednesday that has expended into Montgomery, Dothan and Birmingham.SmartFinancial hired Donna Cooper, a former BBVA government relationship manager, will serve as its market president for Montgomery. She will lead a team of seven associates, consisting of commercial and private bankers along with their support

CBTX in Houston has been freed from a 15-month-old regulatory order.The $4.1 billion-asset parent of CommunityBank of Texas disclosed in a regulatory filing Wednesday that the Office of the Comptroller of the Currency lifted the June 2020 formal agreement earlier this week.The order instructed the bank to improve compliance with the Bank Secrecy Act and anti-money-laundering laws. It also required the bank to establish a committee to oversee compliance with

Central Valley Community Bancorp in Fresno, Calif., has lined up its next CEO.The $2.3 billion-asset company said in a press release Tuesday that James Kim will also become its president on Nov. 1. He will succeed James Ford, who announced plans to retire earlier this year.Kim, who joined Central Valley in 2018, is the company’s chief operating officer.“An experienced leader with proven success in the financial services sector, [Kim] is