A group is looking to form a bank north of Atlanta. First City Bank would be based in north Fulton County, according to a LinkedIn post. There is no record of an application on file with the Federal Deposit Insurance Corp. Bob Koncerak posted on his LinkedIn account that he would serve as the proposed bank's CEO. He was an executive at American Commerce Bank from 2017 to 2023.

Washington Trust Bancorp in Westerly, R.I., warned that its third-quarter results will be impacted by chargeoffs tied to two commercial loans. The company disclosed in a regulatory filing that it will record $11.3 million in chargeoffs tied to the loans, adding that it expects to have a $7 million loan-loss provision in the quarter. The first loan is a participation in a shared national credit to a telecom infrastructure construction

Kentucky First Federal Bancorp in Frankfort has lined up a new leader. The company said that R. Clay Hulette will become its CEO and president and CEO of First Federal Savings Bank of Kentucky, subject to regulatory approval. Until approvals are received, Hulette will serve as interim president and CEO of First Federal. As part of the transition, Don Jennings was named director of operations of First Federal, with a

Facebank International, an international banking entity based in Puerto Rico, is seeking Bank Holding Company status as part of a plan to buy and recapitalize Eastern National Bank in Miami. Facebank, which also operates a mortgage company Florida Home Trust, also applied with the Federal Deposit Insurance Corp. to buy the $100.5 million-asset Eastern. Financial terms have not been disclosed. DBRS noted when it placed Facebank's credit ratings under review,

An investor group has applied to buy a controlling stake in Lineage Financial Network, the holding company for Lineage Bank in Franklin, Tenn.. Recap Financial Ventures, a group led by Paul Pratt Jr., Pamela Stephens, and Wesley Finch, recently applied with the Federal Reserve to become a bank holding company as part of a plan to recapitalize the $189 million-asset bank. Lineage, stung by its ties to the now-bankrupt middleware

Veteran banker Jason Payne bought a controlling stake in First National Bank of Williamson in West Virginia. Payne paid $15 million for the 65% stake in the $108 million-asset bank, according to published reports. Payne was a managing director for the Cincinnati and northern Kentucky market for Republic Bank in Louisville, Ky.

MVB Financial in Fairmont, W.Va., repositioned its securities portfolio. The company, which recently sold payments fintech Victor Technologies, said in a press release that it sold $73 million of available-for-sale investment securities with a weighted-average tax-equivalent yield of 1.70% and a weighted-average life of nearly 10 years. The securities were sold at a pretax loss of about $7.6 million. MVB said it expects to redeploy proceeds into higher-yielding securities. The

Engage fi in Orlando, Fla., has a new leader. The Orlando, Fla., consulting firm said in a press release that Andres Pasantes had become its CEO. Pesantes, who remains president, succeeded Jenn Addabbo, who became executive chair. Pasantes also served as chief operating officer. “This transition allows me to focus on what I value most – nurturing the trusted relationships we’ve built with clients and supporting Engage fi’s long-term strategy,”