Strategic Insights into Banking & Fintech
Cornerstone Advisors in Scottsdale, Ariz., has a new leader. The consulting firm said in a press release that Mazen Ghalayini had become its chairman and CEO. Ghalayini, who was president, succeeded Steve Williams, who remains at the firm as a founding partner. “It’s a privilege to build on the incredible foundation Steve and our team have created over the last 25 years,” Ghalayini said in the release. “Cornerstone has earned the
Payfinia, a credit union service organization (CUSO) that provides an open payments framework, has received an investment from Patelco Credit Union in Dublin, Calif. The CUSO didn't disclose the amount of the investment from the $9.5 billion-asset Patelco. Kal Majmundar, Patelco’s chief technology officer, joined the Payfinia CUSO board. "At Patelco, we are committed to delivering modern financial experiences that evolve alongside our members' needs," Majmundar said in the release.
MeridianLink, a software provider, has acquired Credit Mountain, an AI-focused financial wellness platform. MeridianLink said in a press release that the acquisition "marks the start of an era of accelerated technology investment" that will accelerate its strategy of helping financial institutions engage borrowers throughout the lending decision. The price wasn't disclosed. “MeridianLink has long been a market leader in helping community financial institutions automate and orchestrate account opening and loan
Dakota, a neobank that issued an enterprise stablecoin offering earlier this year, has applied for a national trust bank charter. The company, which already operates as a registered money services business, said in a press release that the new charter would position it "as a federally regulated provider of digital asset custody, stablecoin issuance, and related services, and a partner of choice for corporate and institutional clients building on us."
BCB Bancorp in Bayonne, N.J., reported a $14.8 million second-quarter loss. The $3.1 billion-asset company, which just hired turnaround expert Tom O'Brien as its CEO, said the loss reflected a $19 million loan-loss provision, a $5.3 million goodwill impairment, and a $2.6 million loss tied to a nonaccrual construction loan moved to held-for-sale. BCB said it is reviewing its loan portfolio with outside consultants, suspended common and preferred dividends, and
The Illinois Bankers Association has a new leader. The association said that David Boulay had become its president and CEO. Boulay was president of IMEC Illinois.
Chime plans to cut a tenth of its workforce, or roughly 150 people. The fintech is looking to capitalize on increased use of artificial intelligence to innovate and become more efficient. “The world is changing quickly and this means we need to keep evolving too,” CEO Chris Britt wrote in a company memo. “To continue to lead in the next era, we need to have the right structure, capabilities, and
Peoples Bancshares of TN in Madisonville, Tenn., has agreed to buy First Peoples Bancorp in Jefferson City, Tenn. Peoples Bancshares said in a press release that it will have $650 million of assets after it buys the parent of First Peoples Bank of Tennessee in a deal expected to close late this year or early 2027. The price wasn't disclosed. “We have long respected the relationships First Peoples Bank of
Natalie Bartholomew has been named chief impact officer at Citizens Bank of Edmond in Oklahoma. Bartholomew recently served as chief
German American Bancorp in Jasper, Ind., has agreed to buy Citizens Union Bancorp of Shelbyville in Kentucky. The $5.3 billion-asset
U.S. Bancorp in Minneapolis has agreed to buy MUFG Union Bank in San Francisco. The $559 billion-asset U.S. Bancorp said
MUFG Union Bank has entered into a consent order with the Office of the Comptroller of the Currency.MUFG Americas Holding,
Alerus Financial in Grand Forks, N.D., will have a new CEO in 2022. The $3.2 billion-asset company said in a
Investors Bancorp in Short Hills, N.J., had “substantive negotiations” with another bank months before agreeing to be sold to Citizens
The Federal Deposit Insurance Corp., which investment support from Truist Financial and Microsoft, is launching a fund supporting minority depository
First Interstate BancSystem in Billings, Mont., has agreed to buy Great Western Bancorp in Sioux Falls, S.D. The $18.9 billion-asset First
Republic Bancorp in Louisville, Ky., will have a new bank CEO next month. The $6.2 billion-asset company said in a
Goldman Sachs Group in New York has agreed to buy point-of-sale lender GreenSky for roughly $2.2 billion. The deal is expected
First Financial Bancshares in Lawrence, Kan., has agreed to buy University National Bank in Lawrence.The parent of the $256 million-asset
Home BancShares in Conway, Ark., has agreed to buy Happy Bancshares in Amarillo, Texas.The $17.6 billion-asset Home said in a
First State Fremont in Fremont, Neb., has agreed to buy Two Rivers Bank in Blair, Neb.The $288 million-asset parent of
Metropolitan Bank Holding in New York is planning to raise up to $172.5 million from selling common stock. The $5.8 billion-asset
Bank of America will soon have a new chief financial officer as part of several management changes that include the
KeyCorp in Cleveland has sold its indirect retail auto loan portfolio.The $181 billion-asset company said in a press release Friday
Associated Banc-Corp in Green Bay, Wis., is beefing up in several areas, including auto finance, equipment finance and digital banking. The
SmartFinancial in Knoxville, Tenn., has entered three new markets in Alabama after hiring several former BBVA bankers. The $3.7 billion-asset
CBTX in Houston has been freed from a 15-month-old regulatory order.The $4.1 billion-asset parent of CommunityBank of Texas disclosed in
Central Valley Community Bancorp in Fresno, Calif., has lined up its next CEO.The $2.3 billion-asset company said in a press
Citizens Financial Group in Providence, R.I., has agreed to buy JMP Group in San Francisco. The $185 billion-asset Citizens said
BayCom in Walnut Creek, Calif., has agreed to buy Pacific Enterprise Bancorp in Irvine, Calif.The $2.1 billion-asset BayCom said in
Nicolet Bankshares in Green Bay, Wis., plans to close 15 branches in Wisconsin and Michigan in December. The $4.6 billion-asset
Patriot National Bancorp in Stamford, Conn., has been freed from a nearly three-year-old formal agreement with the Office of the
MVB Financial in Fairmont, W.Va., has entered into a partnership to allow its fintech clients to offer Bitcoin-related products. The $2.7
Meta Financial in Sioux Falls, S.D., will soon have a new CEO.The $7.1 billion-asset company said in a press release
First US Bancshares in Birmingham, Ala., will shutter its consumer finance unit.The $947 million-asset company disclosed in a regulatory filing
ST Hldgs in Orlando, Fla., has acquired Rochelle State Bank in Rochelle, Ga.ST Hldgs, a bank holding company formed to
First Bancshares in Hattiesburg, Miss., has agreed to buy seven branches in northeast Mississippi from Cadence Bancorp. in Houston. The
Organizers of the proposed Walden Mutual Bank in Concord, N.H., have applied for deposit insurance.The application, submitted to the Federal
Texas Capital Bancshares in Dallas unveiled a plan to improve returns that will require investors to be patient.The $35.2 billion-asset
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
First Horizon in Memphis, Tenn., will delay the integration of IberiaBank until the first quarter due to the “widespread devastation
CNB Financial in Clearfield, Pa., has hired an outsider to serve as president of its bank.The $5.1 billion-asset company said
The First of Long Island in Glen Head, N.Y., plans to close eight branches at the end of November. The
FVCBancorp in Fairfax, Va., has bought a minority stake in Atlantic Coast Mortgage in Fairfax.The $2 billion-asset company said in
Cadence Bancorp. in Houston has agreed to pay a $3 million penalty and provide more than $4 million in loan
Home Bancorp in Lafayette, La., has agreed to sell a branch in Vicksburg, Miss., to Delta Bank in Vidalia, La.The
Mountain Valley Bank in Walden, Colo., has agreed to buy Cache Bank & Trust in Greeley, Colo.The $318 million-asset Mountain
MVB Financial in Fairmont, W.Va., will increase its stake in Interchecks Technologies, a payment disbursement platform. Interchecks, founded in 2016,
Rhodium BA Holdings has increased the price it will pay for Sunnyside Bancorp in Irvington, N.Y.The $99 million-asset Sunnyside disclosed
Two veteran members of Bank of America’s executive team are stepping down at the end of this year.The $3 trillion-asset
Planters Holding in Indianola, Miss., will enter Tennessee with an agreement to buy Germantown Capital.The $1.3 billion-asset Planters said in
A group in New Hampshire is looking to form the first new mutual in more than four decades.Organizers of Walden
Berkshire Hills Bancorp has a new chairman.The $12.3 billion-asset company said in a Wednesday press release that Bill Dunlaevy retired
The owner of the Houston Rockets has agreed to buy Chasewood Bank in Houston.MergerCo, an entity owned by Tilman Fertitta,
BOK Financial in Tulsa, Okla., has promoted an executive to oversee all of its specialized lending businesses.The $47 billion-asset company
Berkshire Hills Bancorp in Boston has agreed to sell its insurance business to Brown & Brown in Daytona Beach, Fla.The
The Western Bankers Association has cancelled the annual conference it was planning next month in Hawaii.The event was scheduled to
Scott Credit Union in Edwardsville, Ill., has agreed to buy Tempo Bank in Trenton, Ill. The $1.5 billion credit union said
Santander Consumer USA Holdings in Dallas has agreed to a deal that will bring it completely under the umbrella of
Seacoast Banking Corp. of Florida in Stuart has agreed to buy Sabal Palm Bancorp in Sarasota, Fla., and Business Bank
The First Bancshares in Hattiesburg, Miss., plans to switch from a national bank charter to a state bank charter.The $5.5
Organizers of Gainey Business Bank in Scottsdale, Ariz., have secured conditional approval from the Federal Deposit Insurance Corp.The group must
Fairwinds Credit Union in Orlando, Fla., has agreed to buy Citizens Bank of Florida in Oviedo.The $3.9 billion-asset Fairwinds said
First Seacoast Bancorp in Dover, N.H., has agreed to buy a portfolio of wealth management accounts.The $478 million-asset company disclosed
Southern States Bancshares in Anniston, Ala., raised $15.8 million from its initial public offering. The $1.5 billion-asset company said in a
Old Second Bancorp in Aurora, Ill., has added a former executive at TCF Financial to its board.The $3.3 billion-asset company
Citizens State Bank in Somerville, Texas, has agreed to buy Burton State Bank in Texas.The $840 million-asset Citizens State said
Northeast Bank in Portland, Maine, is planning to ramp up efforts to offer traditional Small Business Administration loans to small
New York Community Bancorp in Westbury is planning to work with Figure Technologies on a series of blockchain projects.The $57.5
Sens. John Hickenlooper, D-Colo., and Sens. Tim Scott, R-SC, have introduced a bill that would lift the moratorium on issuing
Amalgamated Financial in New York has added a former banker to its board.The $6.6 billion-asset company said in a press
Triad Business Bank, a Greensboro, N.C. de novo that opened last year, has raised $15 million in new capital. The
Minnwest Bank in Redwood Falls, Minn., has agreed to buy Roundbank in Waseca, Minn.The $2.4 billion-asset Minnwest said in a
GreenSky in Atlanta said plans by Truist Financial in Charlotte, N.C., to end a loan origination agreement will not have
Royal Credit Union in Eau Claire, Wis., has agreed to buy Lake Area Bank in Lindstrom, Minn.The $3.7 billion-asset credit
Orion Federal Credit Union in Memphis, Tenn., has agreed to buy Financial Federal Bank in Memphis.The $1 billion-asset credit union
Provident Bancorp in Amesbury, Mass., has set an ambitious goal for its dealings in crypto-related businesses.The $1.6 billion-asset company disclosed
Truist Financial in Charlotte, N.C., has agreed to buy Service Finance, a Boca Raton, Fla., company that makes point-of-sale loans
National Bank Holdings in Denver has invested in a blockchain fintech firm as part of a broader effort to build
Simmons First National in Little Rock, Ark., has created an equipment finance division after hiring 11 commercial bankers.The $23.4 billion-asset
Valley National Bancorp in New York had to raise its offer to strike a deal for Westchester Bank Holding in
Orange County Bancorp in Middletown, N.Y., raised $35.2 in net proceeds from its initial public offering.The $1.9 billion-asset company said
First Financial in Terre Haute, Ind., has agreed to buy Hancock Bancorp in Hawesville, Ky.The $4.8 billion-asset First Financial said
First BanCorp in San Juan, Puerto Rico, sold $52.5 million of nonperforming mortgages. The $21.4 billion-asset company disclosed in a
It only took Columbia Banking System in Tacoma, Wash., three months to hammer out its first bank acquisition in more
BTC Bank in Bethany, Mo., has agreed to buy Home Exchange Bank in Jamesport, Mo.The $704 million-asset BTC said in
Arbor Bancorp in Ann Arbor, Mich., has revived plans to buy FNBH Bancorp in Howell, Mich. The $2.5 billion-asset Arbor
Sunnyside Bancorp in Irvington, N.Y., has received another offer from a would-be acquirer.Kenneth Torsoe, an investor in Suffern, N.Y., said
OFG Bancorp in San Juan, Puerto Rico, has invested in Nymbus. Nymbus, a fintech that helps banks and credit unions
Citizens Financial Group in Providence, R.I., has agreed to buy Willamette Management Associates, a valuation consulting and forensic analysis firm.The
Organizers of Locality Bank in Fort Lauderdale, Fla., has started raising the funds needed to open the proposed bank. The group
Alabama Credit Union in Tuscaloosa has agreed to buy Security Federal Savings Bank in Jasper, Ala.The $1.3 billion-asset credit union
First Bank in Hamilton, N.J., has agreed to buy two New Jersey branches from OceanFirst Financial in Red Bank, N.J.
Genesis Bank has opened in Newport Beach, Calif.The de novo said in a press release that it received its final
BOK Financial in Tulsa, Okla., is readying for the final stage of CEO succession. The $47 billion-asset company said in press
Cypress Bank & Trust has received conditional approval for deposit insurance from the Federal Deposit Insurance Corp. Organizers of the
A group is looking to form a bank in Huntsville, Ala. Organizers of the proposed Nova Bank applied with the
A group in Bloomington, Minn., is looking to form a bank.Organizers of Brava Bank applied with the Federal Deposit Insurance
Stock Yards Bancorp in Louisville, Ky., has agreed to buy Commonwealth Bancshares in Louisville. The $6.1 billion-asset Stock Yards said in
Newtek Business Services in Boca Raton, Fla., has agreed to buy National Bank of New York City as part of
Aquesta Financial Holdings in Cornelius, N.C., received offers from six bidders when it looked to sell itself earlier this year.
Freedom Bank in Fairfax, Va., plans to form a bank holding company.The $837 million-asset bank said in a press release
TowneBank in Suffolk, Va., has a new president.The $15.8 billion-asset bank said in a press release Friday that Brad Schwartz
First Mid Bancshares in Mattoon, Ill., has agreed to buy Delta Bancshares in St. Louis, along with a loan and
Finward Bancorp in Munster, Ind., has agreed to buy Royal Financial in Chicago.The $1.6 billion-asset Finward said in a press
Community Trust Bancorp in Pikeville, Ky., will have a new CEO in 2022.The $5.5 billion-asset company said in a press
Horizon Bancorp in Michigan City, Ind., plans to close 10 branches.The $6.1 billion-asset company said in a press release Tuesday
Citizens Financial Group in Providence, R.I., has agreed to buy Investors Bancorp in Short Hills, N.J. The $185.1 billion-asset Citizens
TriCo Bancshares in Chico, Calif., has agreed to buy Valley Republic Bancorp in Bakersfield, Calif.The $8 billion-asset TriCo said in
CVB Financial in Ontario, Calif., has agreed to buy Suncrest Bank in Visalia, Calif.The $15 billion-asset CVB said in a
First Busey in Champaign, Ill., plans to close 15 branches. The $12.4 billion-asset company said in a press release Tuesday
Organizers of Genesis Bank in Newport Beach, Calif., have raised enough capital to open their proposed de novo.The group said
MainStreet Bancshares in Fairfax, Va., has added a former regulator to its board. The $1.7 billion-asset company said in a
First Western Financial in Denver has agreed to buy Teton Financial Services in Jackson, Wyo. The $2 billion-asset First Western
Bank of the Lowcountry in Walterboro, S.C., has a new CEO. The $269 million-asset bank said in a LinkedIn post
HBT Financial in Bloomington, Ill., is planning to close a number of branches. The $4 billion-asset company said in a
Old Second Bancorp in Aurora, Ill., has agreed to buy West Suburban Bancorp in Lombard, Ill. The $3.3 billion-asset Old Second
Hanmi Financial in Los Angeles disclosed that its bank recently received a “needs to improve” rating tied to the Community
Heritage Financial in Olympia, Wash., is continuing to close branches.The $7.1 billion-asset company said in a press release Friday that
South State in Winter Haven, Fla., has agreed to buy Atlantic Capital Bancshares in Atlanta. The $40.4 billion-asset South State
A trio of banks has disclosed recent sales of Paycheck Protection Program loans.Amerant Bancorp in Coral Gables, Fla.; Eagle Bancorp
Simmons First National in Pine Bluff, Ark., and Landmark Community Bank in Collierville, Tenn., tried on three occasions to work
CNB Financial in Clearfield, Penn., is set to enter Virginia.The $5.1 billion-asset company said in a press release Tuesday that
Level One Bancorp in Farmington Hills, Mich., has a new president. The $2.6 billion-asset company said in a press release
Hancock Whitney in New Orleans eliminated 200 jobs and will close 18 branches.The $35.1 billion-asset company said in a press
Cambridge Savings Bank in Boston has created a digital-only bank.The $5 billion-asset mutual bank said in a press release that
Equity Bancshares in Wichita, Kan., will enter the St. Joseph, Mo., market after buying three branches from Valley View Financial
Spencer Savings Bank in Elmwood Park, N.J., has agreed to buy Mariner’s Bank in Edgewater, N.J.The $3.6 billion-asset Spencer said
LendingClub will pay $18 million to settle a longstanding dispute with the Federal Trade Commission over allegedly hidden fees.The San
United Community Banks in Greenville, S.C., will enter central Tennessee with an agreement to buy Reliant Bancorp in Brentwood.The $18.6
Blue Ridge Bankshares in Charlottesville, Va., has agreed to buy FVCBankcorp in Fairfax, Va. The $3.2 billion-asset Blue Ridge said
First Republic Bank in San Francisco now has two CEOs.The $161 billion-asset bank said in a press release Monday that
F.N.B. Corp. in Pittsburgh has agreed to buy Howard Bancorp in Baltimore. The $38 billion-asset F.N.B. said in a press release
RBB Bancorp in Los Angeles has agreed to buy a branch in Honolulu from Bank of the Orient. The $3.7
S&T Bancorp in Indiana, Pa., will soon have a new leader. The $9.3 billion-asset company said in a press release
Lakeland Bancorp in Oak Ridge, N.J., has agreed to buy 1st Constitution Bancorp in Cranbury, N.J.The $7.8 billion-asset Lakeland said
Bank of New York Mellon in New York has agreed to buy Milestone Group, a company that provides fund management
Heritage Commerce in San Jose, Calif., has set aside $4 million to cover a legal settlement.The $5 billion-asset company said
The CEO of United Bancorp. in Atmore, Ala., has retired. The $949 million-asset company said in a press release Wednesday
Ray Grace has retired as North Carolina’s commissioner of banks.Gov. Roy Cooper announced in a recent press release that he
Codorus Valley Bancorp in York, Pa., is facing calls from an activist investor to find a buyer. Driver Management in New
Select Bancorp in Dunn, N.C., decided early on to deal exclusively with First Bancorp in Southern Pines, N.C., according to
First Bancorp in Southern Pines, N.C., has sold its insurance business. The $7.7 billion-asset company disclosed in a regulatory filing Friday
The Loan Source has acquired more Paycheck Protection Program loans.Blue Ridge Bankshares in Charlottesville, Va., disclosed in a regulatory filing
CF Bankshares in Columbus, Ohio, is winding down its direct-to-consumer mortgage business.The $1.6 billion-asset parent of CFBank said in a press
Community Bank System in DeWitt, N.Y., has bought a company that provides consulting services tied to retirement plans and benefits.The
German American Bancorp will have a new CEO next year. The $5.2 billion-asset company said in a press release Thursday that
A group in Moultrie, Ga., is looking to form a bank. Organizers of the proposed Moultrie Bank & Trust filed
Live Oak Bancshares in Wilmington, N.C., has hired the former chief financial officer at First Horizon to fill the same
Mid Penn Bancorp in Millersburg, Pa., has agreed to buy Riverview Financial in Harrisburg, Pa.The $3 billion-asset Mid Penn said
Trustmark in Jackson, Miss., is the latest bank to sell Paycheck Protection Program loans to The Loan Source.The $16.9 billion-asset
Midland States Bancorp in Effingham, Ill., will report an after-tax gain of $2.9 million in the second quarter after settling
Valley National Bancorp in New York is expanding to the north with an agreement to buy Westchester Bank Holding in
Dime Community Bancshares in Hauppauge, N.Y., plans to close five New York branches.The $13 billion-asset company said in a press
Chemung Financial in Elmira, N.Y., disclosed that its bank had entered into a consent order with the New York State
Community State Bank in Avilla, Ind., will soon have a new CEO.The $347 million-asset bank said in a press release
FineMark Holdings in Fort Myers, Fla., has raised $82.5 million from a private placement.The $2.9 billion-asset parent of FineMark National
Apollo Bank in Miami, which tried unsuccessfully to sell itself to a credit union, has formed a residential lending division.
Fentura Financial in Fenton, Mich., has agreed to buy Farmers State Bank in Munith, Mich.The $1.3 billion-asset Fentura said in
JPMorgan Chase has agreed to buy OpenInvest, a San Francisco fintech that helps financial professionals customize and report on values-based
Dime Community Bancshares in Hauppauge, N.Y., has sold a block of Paycheck Protection Program loans to The Loan Source.The $13
Amerant Bancorp in Coral Gables, Fla., has invested $2.5 million in a robo adviser.Marstone in New York said it raised
Rita Lowman, whose bank is being sold to a credit union, has resigned from the board of the American Bankers
TS Banking Group in Treynor, Iowa, has agreed to buy State Bank of Arcadia in Wisconsin.The $1.5 billion-asset TS Banking
A Chicago company that provides AI solutions for lenders is looking to form a digital-only bank.Organizers of the proposed Beta
Popular in San Juan, Puerto Rico, has added a fintech expert to its board. The $67 billion-asset company said in
First Internet Bancorp in Fishers, Ind., will soon have a new president.The $4.2 billion-asset company said in a press release
Columbia Banking System in Tacoma, Wash., will enter California with its pending purchase of Bank of Commerce Holdings in Sacramento. The
The parent company of Cross River Bank in Fort Lee, N.J., has acquired a data and risk analytics firm.CRB Group
Farmers National Banc in Canfield, Ohio, has agreed to buy Cortland Bancorp in Cortland, Ohio.The $3.3 billion-asset Farmers National said
Fifth Third Bancorp in Cincinnati has agreed to buy Provide, a digital platform for health care practices.The $207 billion-asset Fifth
Nicolet Bankshares in Green Bay, Wis., has agreed to buy County Bancorp in Manitowoc, Wis.The $4.5 billion-asset Nicolet said in
First Commonwealth Financial in Indiana, Pa., has created an equipment finance division.The $9.4 billion-asset company said in a recent press
Middlefield Banc Corp. in Middlefield, Ohio, is looking for a new leader. The company said in a press release Friday that
RCB Holding in Claremore, Okla., has agreed to buy Oklahoma State Bancshares in Vinita.The $3.7 billion-asset RCB said in a
Columbia Financial in Fair Lawn, N.J., has agreed to buy Freehold Bancorp in Freehold, N.J. The $9 billion-asset Columbia said
Cross River Bank in Fort Lee, N.J., has formed a venture capital division to invest in fintechs and other startups.The
Sunnyside Bancorp in Irvington, N.Y., has terminated an agreement to be sold to a Florida real estate firm to instead
Equity Banchshares in Wichita, Kan., didn’t waste time getting the S-4 out for its pending acquisition of American State Bancshares
Organizers in Arizona have applied to form a Integro Bancorp in Phoenix.The group submitted an application with the Federal Deposit
Lake Michigan Credit Union in Grand Rapids, Mich., is doubling down in Florida with an agreement to buy Pilot Bank
Primis Financial in Charlottesville, Va., has added a prominent bank investor to its board. The $3.3 billion-asset company said in
The Federal Reserve has freed SunTrust Bank from a November 2019 consent order it handed down before approving the bank's
Let's take a look at some of the behind-the-scenes action for Bank of Marin Bancorp's pending purchase of American River
HomeTrust Bancshares in Asheville, N.C., plans to close nine branches in three states as part of a broader efficiency effort.
Pinnacle Financial Partners in Nashville, Tenn., will enter Huntsville, Ala., after hiring nine former bankers from BBVA USA.The $35 billion-asset
Cornerstone Home Lending in Houston has agreed to buy Roscoe State Bank in Texas.Cornerstone did not disclose the price it
We're trying a new format to make content about a merger's background easier to digest. Rather than provide a lengthy
Brookline Bancorp in Boston is shaking up several top executive posts.The $8.6 billion-asset company said in a press release Monday
CrossFirst Bankshares in Leawood, Kan., will enter Phoenix after hiring a former CIT Group banker.The $6 billion-asset company said in
Organizers in western North Carolina have received conditional approval to open a bank. The Federal Deposit Insurance Corp. on June 1
Square has made a multimillion investment in Southern Bancorp in Arkadelphia, Ark.Square said in a press release Thursday that it
CB Financial Services in Washington, Pa., has agreed to sell two branches to Citizens Financial in Elkins, W.Va. The $1.5
A group is looking to form a bank in Ft. Myers, Fla.Organizers of Gulf Coast Business Bank filed an application
Community Savings Bancorp in Caldwell, Ohio, has agreed to be sold to an entity owned by former Pacific Union Financial
PDL Community Bancorp in New York expects to record a pretax gain of $4.2 million after completing a sale-leaseback transaction.The $1.4
Regions Financial in Birmingham, Ala., has agreed to buy EnerBank USA, a home improvement lender based in Salt Lake City.
The biggest shareholder at FB Financial in Nashville, Tenn., is selling a large block of stock. The $11.9 billion-asset company
Independent Bank in Hanover, Mass., initially balked at making an offer for Meridian Bancorp in Peabody, Mass. The $13.8 billion-asset Independent, when
HBT Financial in Bloomington, Ill., has agreed to buy NXT Bancorp. in Cedar Rapids, Iowa. The $3.9 billion-asset HBT said in
Keefe, Bruyette & Woods has a new director of research. The New York investment bank, which is part of Stifel Financial,
Simmons First National in Pine Bluff, Ark., has agreed to buy Landmark Community Bank in Collierville, Tenn., and Triumph Bancshares
Oconee Financial in Watkinsville, Ga., has agreed to buy Elberton Federal Savings and Loan Association in Elberton, Ga. The $520
German American Bancorp in Jasper, Ind., has agreed to sell two branches in Lexington, Ky. The $5.2 billion-asset company disclosed in
Liberty Financial Services in New Orleans has agreed to buy Tri-State Bank of Memphis in Tennessee in a deal involving
United Bankshares in Charleston, W.Va., has agreed to buy Community Bankers Trust in Richmond, Va.The $27 billion-asset United said in
First Foundation in Dallas is moving into Florida with an agreement to buy TGR Financial in Naples.The $7.1 billion-asset First
First Bancorp in Southern Pines, N.C., has agreed to buy Select Bancorp in Dunn, N.C. The $7.7 billion-asset First Bancorp
Old National Bancorp in Evansville, Ind., has agreed to buy First Midwest Bancorp in Chicago. The $23.7 billion-asset Old National said
A wave of large bank mergers has lifted aggregate deal value for 2021 above last year's levels.The overall value for
People's Bank of Commerce in Medford, Ore., is one step closer to forming a holding company.Shareholders of the $808 million-asset
United Community Banks in Blairsville, Ga., has agreed to buy Aquesta Financial Holdings in Cornelius, N.C. The $18.6 billion-asset United
HSBC Holdings is selling a majority of its U.S. branches to Citizens Financial Group in Providence, R.I., and Cathay General
GreenState Credit Union in North Liberty, Iowa, has agreed to buy banks in Illinois and Nebraska. The $7.5 billion-asset credit union
RBB Bancorp in Los Angeles has separated its chairman and CEO positions. The $3.7 billion-asset company said in a press
Horizon Bancorp in Michigan City has agreed to buy 14 Michigan branches from TCF Financial in Detroit. TCF will sell the
NorthWest Indiana Bancorp in Munster, Ind., has taken on a new identity. The $1.6 billion-asset company said in a press release
Veteran banker George Jones passed away on Friday.Jones, 77, had been dealing with a “long illness,” according to an obituary
Customers Bancorp in Wyomissing, Pa., is planning to launch a closed-loop real-time payments platform. The $18.8 billion-asset company said in
First Community in Lexington, S.C., has added a veteran banker to its board. The $1.5 billion-asset company said in a press
Enterprise Financial Services in Clayton, Mo., had an advocate when it decided to pursue First Choice Bancorp in Cerritos, Calif.,
Glacier Bancorp in Kalispell, Mont., has agreed to buy Altabancorp in American Fork, Utah. The $19.8 billion-asset Glacier said in a
Legacy Bank of Florida in Boca Raton delayed plans to sell itself for nearly a year as it responded to
Berkshire Hills Bancorp in Boston has created a three-year plan to improve investor returns. The $12.8 billion-asset company, in a
Several bank analysts have changed jobs in recent weeks.Matthew Kelley shared on his LinkedIn profile that he had been hired
Equity Bancshares in Wichita, Kan., is bolstering operations in its home state with an agreement to buy American State Bancshares
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