First US Bancshares in Birmingham, Ala., will shutter its consumer finance unit.The $947 million-asset company disclosed in a regulatory filing that it will close the 20 locations in Alabama and southeast Mississippi associated with Acceptance Loan Company. The unit will continue to service its remaining loan portfolio as management prepares for its closure.The unit made personal loans, along with loans for automobiles, ATVs, smaller equipment and household appliances.The closure is

ST Hldgs in Orlando, Fla., has acquired Rochelle State Bank in Rochelle, Ga.ST Hldgs, a bank holding company formed to invest in community banks, said in a Monday press release that it bought the $34 million-asset Rochelle State on June 4. The company did not disclose the price it paid.“ST Hldgs … and Rochelle State Bank remain committed to Wilcox County and southern Georgia,” Rajib Das, chairman of ST Hldgs

First Bancshares in Hattiesburg, Miss., has agreed to buy seven branches in northeast Mississippi from Cadence Bancorp. in Houston. The $18.7 billion-asset Cadence is selling the branches as part of its pending sale to BancorpSouth Bank in Tupelo, Miss. The branch sale resulted from a joint letter of agreement among BancorpSouth, Cadence and the Department of Justice. The $5.5 billion-asset First will assume about $450 million of deposits for a

Organizers of the proposed Walden Mutual Bank in Concord, N.H., have applied for deposit insurance.The application, submitted to the Federal Deposit Insurance Corp. on Wednesday, wasn't immediately available.The group said on its website that it hopes to open the depositor-owned financial institution next year.“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. The plan is to offer

Texas Capital Bancshares in Dallas unveiled a plan to improve returns that will require investors to be patient.The $35.2 billion-asset company disclosed late Wednesday that it is targeting a 1.1% return on assets and 12.5% return on tangible common equity, though management said it might not hit those marks until 2025.Texas Capital said it would have some negative operating leverage next year as it makes internal investments. The plan is

PDL Community Bancorp in Bronx, N.Y., sold a property for $16.1 million.The $1.5 billion-asset parent of Ponce Bank said in a press release Wednesday that it agreed to lease the property at an initial base annual rent of about $926,100, subject to annual 1.75% rent increases."We are excited about the sale and leaseback … and look forward to continuing to provide the excellent products and customer service that Ponce Bank has

First Horizon in Memphis, Tenn., will delay the integration of IberiaBank until the first quarter due to the “widespread devastation caused by Hurricane Ida.”The integration of Iberiabank, which was based in Lafayette, La., was supposed to take place this year. First Horizon also said that pretax merger integration costs will likely be $20 million to $30 million more than originally forecast, falling somewhere between $520 million to $530 million.The $88

CNB Financial in Clearfield, Pa., has hired an outsider to serve as president of its bank.The $5.1 billion-asset company said in a press release Tuesday that Michael Peduzzi had also become chief operating officer of CNB Bank.Peduzzi “brings superb financial skills and a deep knowledge of banking to CNB,” Peter Smith, CNB Bank’s chairman, said in the release. “He understands the investor community and projects leadership, integrity and empathy. Ten