Midland States Bancorp in Effingham, Ill., has sold substantially all of its equipment finance portfolio to an affiliate of North Mill Equipment Finance. The $6.9 billion-asset Midland States said in a press release that NMEF paid $502 million in cash for the portfolio, which included about $599 million in loans and leases and $21 million of operating leases. The deal excludes about $75 million of loans and leases that Midland

Associated Banc-Corp in Green Bay, Wis., has agreed to buy American National in Omaha, Neb. The $44 billion-asset Associated said in a press release that it will pay $604 million in stock for the $5.3 billion-asset parent of American National Bank. The deal, which is expected to close in the second quarter, priced American National at 114% of its tangible book value. American National has 33 branches, $3.8 billion of

Boston Trust Walden Co. in Boston has received conditional approval from the Office of the Comptroller of the Currency to convert from a state-chartered bank to a national trust bank. The company, which manages about $16 billion of assets, will become Boston Trust Walden NA on Jan. 1. The board chose to obtain a national trust bank charter because it enables the bank to more easily provide trust and fiduciary

MoneyLion agreed to pay nearly $1.8 million to resolve a lawsuit from the Consumer Financial Protection Bureau. The CFPB had alleged that the fintech charged more than the maximum 36% interest rate allowed by the Military Lending Act on loans to service members. MoneyLion, as part of the settlement, is prohibited from extending consumer credit at rates higher than 36% to borrowers for whom the MLA cap applies, including credit

Plumas Bancorp in Reno, Nev., entered into a sale-leaseback transaction for two administrative offices in Quincy, Calif. The company disclosed in a regulatory filing that it sold the buildings to BBS Branch III for nearly $5.6 million. The bank then agreed to lease the properties for 15 years, with three five-year renewal options. The initial annual rent is $463,000 with 3% annual increases. The transaction resulted in a $5.5 million

Fulton Financial in Lancaster, Pa., has agreed to buy Blue Foundry Bancorp in Rutherford, N.J. The $32 billion-asset Fulton said in a press release that it will pay $243 million in stock for the $2.2 billion-asset Blue Foundry. The deal, which is expected to close in the second quarter, priced Blue Foundry at 77% of its tangible book value. The deal is expected to be more than 5% accretive to

Green Dot in Provo, Utah, is splitting up to sell to CommerceOne Financial in Birmingham, Ala., and Smith Ventures. The fintech said in a press release that the $835 million-asset CommerceOne will buy its bank and related assets and emerge as a new publicly traded company.  Smith Ventures will buy and privatize Green Dot’s nonbank fintech assets and operations. The bank will serve as the fintech's issuing bank under a

HoldCo Asset Management, a recent gadfly to a number of publicly traded banks, has alleged in a lawsuit Comerica’s directors breached their fiduciary duties to investors by rushing into a decision to sell the Dallas company to Fifth Third Bancorp in Cincinnati. The $78 billion-asset Comerica agreed last month to sell to the $210 billion-asset Fifth Third for $10.9 billion in a deal negotiated over just 17 days, according to