Horizon Bancorp in Michigan City, Ind., is planning to sell common stock. The $7.7 billion-asset company disclosed in a slide presentation that it plans to sell at least $90 million of stock. Horizon said in a press release that it expects to grant its underwriters a 30-day option to buy up to an additional 15% of the shares. The company also plans to issue about $100 million of subordinated debt. Horizon

Fifth Third Bancorp in Cincinnati has acquired DTS Connex, a cash management software provider. The company did not disclose how much it paid for DTS Connex, which focuses on solutions for multi-location businesses such as retailers, restaurants, and healthcare providers. "Within commercial payments, we’ve built a robust cash processing business that strengthens client relationships beyond traditional payment services," Bridgit Chayt, Fifth Third head of commercial payments. "This acquisition expands our

Casca, a fintech looking to build an AI-native loan origination system, raised $29 million in its Series A funding round. Lukas Haffer, the fintech's CEO, said in a LinkedIn post that the round was led by Canapi Ventures and included Huntington Bank, Live Oak Bank, Bankwell Bank, Alliance Funding Group, Peterson Ventures, Clocktower Ventures, and Y Combinator. Casca's engineers have spent "thousands of hours with lenders, underwriters, credit officers, and

The newly rebranded Ascendia Bank in Glen Rock, N.J., has a new leader. The $394.1 million-asset Ascendia, previously known as Glen Rock Savings Bank, said in a press release that John Allen IV will become its president and CEO on Aug. 25. Allen, who was recently chief financial officer at New Jersey Community Capital, will succeed Ferdinand Viaud, who will serve as an adviser before retiring in January. Viaud will

Truckstop.com has acquired Denim, a transportation-focused fintech. Denim also has a factoring service that automates invoicing, reduces time-to-cash, and optimizes back-office processes. The pricing wasn't disclosed. Performance Trust Capital Partners advised Denim.

Citizens Bank of West Virginia in Elkins has agreed to buy Miners & Merchants Bank in Thomas, W.Va. The $687 million-asset company did not disclose what it will pay for the $67.5 million Miners.  The deal is expected to close in the first half of 2026. "This merger represents a strategic opportunity for Citizens to expand our footprint in the region," Nathaniel S. Bonnell, Citizens' president and CEO, said in

Ready Capital in New York announced a series of significant portfolio actions this summer as it continues to sharpen its focus. The company sold its residential mortgage banking segment during the second quarter. On Aug. 6, Ready completed its first bulk sale of legacy bridge loans, unloading $494 million of multifamily bridge assets. The transaction, which eliminates all 2021 vintage syndicated loans, generated net proceeds of $85 million. Management said

Glen Burnie Bancorp in Glen Burnie, Md., has acquired VA Wholesale Mortgage in Jacksonville, Fla. The company did not disclose the price it paid for the mortgage lender, which focuses on active-duty and retired members of the U.S. armed forces. Buying “VA Wholesale Mortgage ... is a win-win," Mark Hanna, Glen Burnie's president and CEO, said in a press release. The bank "will add strength to their efforts by providing