Insurer Western & Southern Financial Group bought Till Financial, a fintech platform that helps parents guide their children's spending habits. Western & Southern did not disclose the price it paid for Till, which was founded in 2018. “Families today need more than products – they need practical, modern solutions that help build financial confidence in an increasingly digital world,” John Barrett, the insurer's chairman, president and CEO, said in a

Bastrop Bancshares in Bastrop, Texas, agreed to buy Columbus Bancorp in Columbus, Texas. Bastrop, the parent of the $1.1 billion-asset First National Bank of Bastrop, said in a press release that it will pay an undisclosed cash amount for the holding company of the $154.8 million-asset First State Bank. The deal is expected to close in the third quarter. "This merger reflects our commitment to building a community bank that

Onsetto, a Minneapolis fintech that helps financial institutions with business banking relationships, raised $9 million in a funding round led by Canapi Ventures. The fintech said in a release that other participants included EJF Ventures, Idea Fund of La Crosse, and The Perch Fund. “Business banking growth is not determined by accounts opened. It is determined by how quickly operating activity moves,” Cale Johnston, Onsetto's founder and CEO, said in

Pioneer Bancorp in Albany, N.Y., made another niche acquisition. The $2 billion-asset company said in a press release that it bought Targeted Lending, an equipment financing company with about $120 million of loans, for about $140 million in cash. The acquisition will anchor Pioneer's new specialty financing division. Brian Gallo, Targeted Lending's CEO, will lead the division. “Targeted Lending represents a compelling strategic fit for Pioneer and advances our ...

Organizers of the proposed New South Bank in Tampa, Fla., aim to raise at least $23 million before opening the bank. The group said in a regulatory filing that it could sell up to $45 million in stock. The goal is to be profitable in the second year and to have $250 million of assets the following year, along with $225 milion of deposits and $180 million of loans. New

A de novo bank supported by Old National Bancorp has opened in Indianapolis. Generations Community Bank officially debuted on March 9, according to a notice from the Federal Deposit Insurance Corp. Organizers were required to raise $24 million in initial capital. Old National in Evansville, Ind., was part of the organizing group and paid the organizational expenses. Generations’ top executives have been on Old National’s payroll, and Bob Jones, who

Fintech Mercury has received conditional approval from the Office of the Comptroller of the Currency to create Mercury Bank. Mercury, which applied for the national bank charter in December, said in a press release that it has entered the bank organization phase, where it will work to satisfy remaining requirements and obtain final OCC approval. The effort still needs approval from the Federal Reserve and the Federal Deposit Insurance Corp.

The Dakota Credit Union Association has its next leader. The association said in a press release that Joe Keller will become its president and CEO role on May 11. Keller was vice president of membership and credit union solutions at the California, Nevada & Utah Credit Union Leagues. “Joe brings a deep understanding of advocacy and a proven ability to unite and elevate credit unions around a common purpose,” Lacey