A group of Black business owners is looking to form a bank in Columbus, Ohio. Organizers of Adelphi Bank filed an application with the Federal Deposit Insurance Corp. on Monday for deposit insurance. The proposed bank would be located on a site once occupied by Adelphi Loan & Savings, a former Black-owned bank in the city, according to the Columbus Dispatch. Organizers intend to apply for Adelphi to be a minority depository institution.

Primis Financial in McLean, Va., will debut its digital bank in mid-November. The $3.5 billion-asset company said it will launch the bank on Nov. 15, limiting participation to “family and friends.” The bank will be available to more participants in late December. “Development on expanded consumer and full commercial deposit services are already under way and likely something that we will introduce during the first quarter,” Dennis Zember Jr., Primis’ president and

MetaBank Financial Group in Sioux Falls, S.D., has sold $30.2 million of loans as part of an ongoing plan to wind down its community bank loan portfolio.The $6.7 billion-asset company said in a press release Wednesday that it sold the loans to Central Bank in Storm Lake, Iowa, earlier this month. MetaBank has agreements in place to sell another $161 million in loans, which would reduce the size of the portfolio

New York Community Bancorp’s pending purchase of Flagstar Bancorp in Troy, Mich., is the latest big bank merger to face a delayed closing.Thomas Cangemi, chairman and CEO of the $58 billion-asset New York Community, said during a conference call Wednesday that he doesn’t expect the $2.6 billion acquisition of the $27 billion-asset Flagstar to close in 2021 as originally forecast. New York Community, based in Hicksville, is preparing to complete

City National Bank of Florida in Miami has formed a law firm group.The $20.2 billion-asset company said the newly created group will provide services such as credit lines, debtor-in-possession accounts, receivership accounts, escrow services, plaintiffs’ firm financing and corporate trustee services. The group will also serve individuals, including law firm partners, shareholders and their lawyers. Jason Timmons, the group’s leader, joined City National in February after working at Seaside Bank and Trust

Valley National Bancorp in New York is planning a digital payment solution that will target cannabis-related businesses. The $41.2 billion-asset company said in a Wednesday press release that Valley Pay will migrate cash usage to a secure, web application. The goal is to ease the burden on cannabis operators that rely on cash transactions. The company plans to launch a pilot program in coming months. The platform “will empower them to be

Arrow Financial in Glens Falls, N.Y., has outlined plans to close three branches at a time when it is also beefing up its online offerings. The $4.1 billion-asset company said in a press release Tuesday that it will close two locations in Fort Edward, N.Y., and one in Wilton, N.Y.  Arrow said it making improvements to its remaining Fort Edward branch. It is also renovating a new location in Wilton that

HV Bancorp in Doylestown, Pa., has a new president. The $549 million-asset company said in a press release Tuesday that Bob Marino, its vice chairman, had also become president of unit Huntingdon Valley Bank. Marino joined HV Bancorp’s board nearly four years ago. Marino recently served as a founder, director and Mid-Atlantic division president of Spring Garden Lending, a company that provides alternative lending services to investors and developers. Before joining Spring