Genesis Bank has opened in Newport Beach, Calif.The de novo said in a press release that it received its final regulatory approvals on Monday.“I'm deeply proud of the entire Genesis team for their tireless efforts to reach this critical milestone in our evolution; not only in reaching our day one launch, but also in bringing our team together to work collaboratively in a dynamic, vibrant, technology advanced, COVID-sensitive, open office

BOK Financial in Tulsa, Okla., is readying for the final stage of CEO succession. The $47 billion-asset company said in press release Wednesday that Steve Bradshaw will retire as president and CEO on March 31.Stacy Kymes, BOK’s chief operating officer, will succeed Bradshaw. Kymes joined the company's board on Tuesday. Kymes, who has been with BOK for 25 years, has served in various positions, including chief auditor, director of mergers and acquisitions

Cypress Bank & Trust has received conditional approval for deposit insurance from the Federal Deposit Insurance Corp. Organizers of the proposed Melbourne, Fla., de novo must raise $16.5 million before opening, according to the July 22 order from the FDIC. Cypress Trust Co. applied with the FDIC in August to accept deposits. The company, which plans to become a state-chartered bank, will have two branches when it opens. Cypress Trust, formed

A group is looking to form a bank in Huntsville, Ala.  Organizers of the proposed Nova Bank applied with the Federal Deposit Insurance Corp. on Monday for deposit insurance. The application wasn’t immediately available.   The organizers are Marc Minish, Timothy Allsopp, Keri Butler, Christina Rutledge, Bo Cochran, J. Russ Hayles, Trey Hodge, Travis Howard, T. Markus Khouri, W. Burton Moffett, Dennis Norton, Craig Paulus, Chris Ray, Darrell Wates and

A group in Bloomington, Minn., is looking to form a bank.Organizers of Brava Bank applied with the Federal Deposit Insurance Corp. on Monday for deposit insurance.Brava would be a state-chartered bank with Entrepreneurs Bancshares serving as its holding company, according to a legal notice announcing the effort. The principal shareholder of Entrepreneurs Bancshares would be the Entrepreneurs Bancshares Revocable Trust of Daniel A. Boeckermann, the FDIC application said."Although the bank's

Stock Yards Bancorp in Louisville, Ky., has agreed to buy Commonwealth Bancshares in Louisville. The $6.1 billion-asset Stock Yards said in a press release Tuesday that it will pay $153 million in cash and stock for the $1.3 billion-asset Commonwealth. The deal is expected to close in the fourth quarter. Commonwealth has 16 branches, $733 million of loans and $1.1 billion of deposits. The company also has a wealth management and

Newtek Business Services in Boca Raton, Fla., has agreed to buy National Bank of New York City as part of a plan to become a bank holding company.Newtek said in a press release Monday that it will pay $20 million in cash for the $204 million-asset bank. The deal is expected to close in six to 12 months. National Bank must have $20 million of tangible common equity on the closing

Aquesta Financial Holdings in Cornelius, N.C., received offers from six bidders when it looked to sell itself earlier this year. The $18.6 billion-asset United Community Banks in Blairsville, Ga., would walk away with the deal for the $752 million-asset Aquesta on May 27. First, here’s a look at the financial details of the $131 million transaction, which is expected to close by the end of this year. The cash-and-stock transaction