Cadence Bancorp. in Houston has agreed to pay a $3 million penalty and provide more than $4 million in loan subsidies to address claims of discrimination in its mortgage lending operation.The Justice Department and the Office of the Comptroller of the Currency said in a Monday press release that the settlement closes a probe into the $18.7 billion-asset company lending practices.Cadence agreed in April to sell to the the $24

Home Bancorp in Lafayette, La., has agreed to sell a branch in Vicksburg, Miss., to Delta Bank in Vidalia, La.The $2.8 billion-asset Home said in a regulatory filing Monday that it will also sell $15.7 million in deposits and $2.3 million in loans. Home will receive a premium based on specified percentages of deposit and loan categories.The deal is expected to close in January.Home said it expects to report a

Mountain Valley Bank in Walden, Colo., has agreed to buy Cache Bank & Trust in Greeley, Colo.The $318 million-asset Mountain Valley said in a press release Friday that it will buy substantially all the $111 million-asset Cache’s deposits, loans and branches in Greeley and Fort Collins. Mountain Valley did not disclose the price it will pay.The deal is expected to close in the fourth quarter.Cache originally agreed to be sold

MVB Financial in Fairmont, W.Va., will increase its stake in Interchecks Technologies, a payment disbursement platform. Interchecks, founded in 2016, has offices in Boca Raton, Fla., and Brooklyn, N.Y. The company has a focus on the gaming industry segments of online sports betting, daily fantasy sports and iGaming. The $2.7 billion-asset MVB said in a press release Thursday that it will boost its stake to 16% by paying $4.2 million,

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.