Axos Financial in San Diego has agreed to buy equipment leasing company Verdant Commercial Capital. The $24.8 billion-asset Axos said in a press release that it expects to pay $43.5 million for Verdant, which had about $1.1 billion of loans and leases on its balance sheet as of Aug. 31, including $750 million of securitizations. The deal is expected to close on Sept. 30. Verdant can earn performance-based cash considerations

Anchorage Digital Bank has applied for a Fed master account. The cryptocurrency custody bank applied on Aug. 28, according to the Fed's database. The application comes on the heels of the Office of the Comptroller of the Currency terminating a 2022 consent order against Anchorage Digital Bank tied to a past “failure to adopt and implement a compliance program” in accordance with anti-money laundering standards. The OCC lifted the order

Legacy Bank in Murrieta, Calif., has a new leader. The $90.7 million-asset bank said in a press release that Bill Nethercott became its CEO late last month. Nethercott was a senior vice president and relationship manager at Farmers & Merchants Bank of Long Beach, according to his LinkedIn profile.

The Office of the Comptroller of the Currency announced a sweeping overhaul of its supervision structure, creating three distinct tiers and updating the organization of the Office of the Chief National Bank Examiner. Under the new framework, which will take effect Oct. 1, the OCC will replace its Bank Supervision and Examination group with groups focused on large and global financial institutions, regional and midsize financial institutions, and community banks.

Southside Bancshares in Tyler, Texas, will have a new leader in 2026. The company disclosed in a regulatory filing that Keith Donahoe will succeed Lee Gibson when Gibson retires on Dec. 31. Gibson will remain on the board. Donahoe has been the company's president since May 2024. He joined the bank in 2021.

Atlantic Union Bankshares in Richmond, Va., has enhanced its community impact plan. The company said in a press release that the updated plan, which reflects its purchase of Sandy Spring Bank in Maryland, will add about $2.2 billion of planned new lending, investments, and philanthropy commitments. The plan was developed in collaboration with the National Community Reinvestment Coalition after listening sessions with more than 47 community groups. Atlantic Union also

Lendistry in Los Angeles received a $25 million investment commitment from a unit of TD Bank. The community development financial institution and leading Small Business Administration 7(a) lender, said in a press release that the investment could support up to $250 million in small business financing over the next five years. "TD believes that small businesses of all sizes are the economic drivers of our communities, but each one has

Rhinebeck Bancorp in Poughkeepsie, N.Y., will soon have a new leader. The company said in a press release that Matthew Smith will become its president and CEO on Oct. 20. Smith, who was chief operating officer at Columbia Financial, will succeed Michael Quinn, who is retiring. Quinn will serve as interim executive adviser through the end of this year. "Rhinebeck has a rich tradition of exceptional customer service and strong