Strategic Insights into Banking & Fintech

Dime in New York to buy parent of Empire State Bank

Dime in New York to buy parent of Empire State Bank

Dime Commercial Bancshares in Hauppauge, N.Y., has agreed to buy ES Bancshares in Staten Island, N.Y. The $15 billion-asset Dime said in a press release that it will pay $58 million in cash and stock for the parent of the $596 million-asset Empire State Bank. The deal, which is expected to close in the first quarter, priced ES Bancshares at 109% of its tangible book value. Empire State has five

October 20, 2026
M&F board rejects Triad Business Bank, pushes Optus vote to Nov. 4

M&F board rejects Triad Business Bank, pushes Optus vote to Nov. 4

The fight for M&F Bancorp isn’t over yet, but the Durham, N.C., company’s board made clear where it stands. M&F Bancorp’s board unanimously reaffirmed its support for the pending sale to Optus Financial in Columbia, S.C. It also formally rejected Triad Business Bank’s fourth proposal, concluding the Greensboro, N.C., bank’s offer is not superior to the Optus deal and is not reasonably likely to lead to one. At the same

October 19, 2026
DFCU in Michigan strikes again with another Florida bank deal

DFCU in Michigan strikes again with another Florida bank deal

DFCU Financial in Dearborn, Mich., has agreed to buy Gulfside Bank in Sarasota, Fla. The $8 billion-asset DFCU said in a press release that the $345 million-asset Gulfside would be its fourth acquisition in Florida since 2023. Gulfside has $256 million in loans and $294 million in deposits. The price wasn't disclosed. “This acquisition represents an important milestone in our long-term growth strategy and reflects our shared commitment to delivering

October 19, 2026
Alliance Bank in Texas recruits banking vet as next CEO

Alliance Bank in Texas recruits banking vet as next CEO

Alliance Bank in Sulphur Springs, Texas, has a new leader. The bank said in a release that Craig Roberts had become its president and CEO. Roberts previously served as COO of Guaranty Bank & Trust.

October 18, 2026
Truist to sell unsecured lending platform assets to Carlyle Group

Truist to sell unsecured lending platform assets to Carlyle Group

Truist Financial in Charlotte, N.C., has agreed to sell its unsecured lending platform. The $554 billion-asset company said in a press release that it will sell $7.7 billion of unsecured consumer loans, representing substantially all of LightStream's assets, to Carlyle Group. Truist called LightStream a “non-core, loan-only business” that earns a below-target return on tangible common equity. Truist said it expects the sale to bring in $7.2 billion in net

October 16, 2026
Triad Business Bank emerges in fight over M&F Bank in N.C.

Triad Business Bank emerges in fight over M&F Bank in N.C.

The sale of one of the nation's oldest Black-owned banks has become a public contest. Optus Financial in Columbia, S.C., agreed in July to buy M&F Bancorp in Durham, N.C., for $105 million in cash, but M&F Bancorp's shareholders failed to approve the sale at an Oct. 7 special meeting. The $517.5 million-asset M&F Bancorp plans to hold a new vote on Oct. 20. Meanwhile, Triad Business Bank in Greensboro,

October 16, 2026
Array buys business credit fintech Hansa

Array buys business credit fintech Hansa

Array, an embeddable fintech platform that offers financial empowerment tools, acquired Hansa, which pairs business credit furnishing with embedded business credit tools. Array said in a press release that the acquisition expands its product portfolio to serve small business and commercial credit clients. Hansa and Array share a common foundation in API-first architecture and embedded delivery. The price wasn't disclosed. "Hansa has built exactly the kind of embedded, API-driven infrastructure

October 15, 2026
TexasBank parent to buy Haskell National Bank

TexasBank parent to buy Haskell National Bank

Texas Banc Financial in Fort Worth has agreed to buy Haskell Bancshares in Haskell, Texas. The $2.5 billion-asset parent of TexasBank said in a press release that it expects to buy the holding company of the $72.6 million-asset Haskell National Bank by early next year. The price wasn't disclosed. “This combination represents the best of community banking—strong local relationships, shared values, and a long-term commitment to the people and businesses

October 15, 2026