Quaint Oak Bancorp in Southampton, Pa., has been freed from May 2025 enforcement actions. The company disclosed in a regulatory filing that its bank was released from consent orders from the Federal Deposit Insurance Corp. and the state of Pennsylvania. The orders were tied to the bank's compliance with the Bank Secrecy Act and followed an on-site exam. "During the remediation period, the bank implemented substantial enhancements to its compliance

Longhorn Medical Holdings in Tyler, Texas, has applied to become a bank holding company so it can buy Robert Lee Bancshares in Robert Lee, Texas. Longhorn plans to form Ranger Bank to absorb the $44 million-asset Robert Lee State Bank. The price wasn't disclosed. Commerce Street Capital advised the buyer.

Iowa Trust & Savings Bank in Emmetsburg has a new leader lined up. The $523 million-asset bank said that Scott Menke will become CEO on April 21. Menke, who is the bank's chief credit officer, will succeed Kris Ausborn, who is retiring.

A group in Houston is planning to open a new bank. Organizers on March 31 applied to the Federal Deposit Insurance Corp. for deposit insurance for the proposed Alba Bank. The application wasn't immediately available. A legal notice tied to the application lists five organizers: George Martinez, Richard Figueroa, William Woodby, Gregg Reyes and Thomas Reiser. The FDIC currently has seven active applications for deposit insurance, including petitions from Revolut, Upstart,

The group looking to form Tidestone Bank in Coral Gables, Fla., already have banking chops. Organizers include members of the Monasterio family, who own Banco Ganadero in Bolivia, and Lou Ferreira, a former national bank examiner. Ferreira, set to become president and CEO, was previously brought in to remediate issues at Eastern National Bank in Miami, which was operating under a consent order. The Monasterio family once tried to buy a controlling

Pinnacle Financial in Elberton, Ga., rebranded after it acquired Morris State Bancshares in Dublin, Ga. The $4 billion-asset Pinnacle became Vallant Financial just before the deal closing. The combined bank was legally rebranded as Vallant Bank, though the predecessor brands will remain in place until the systems conversion later this quarter.

Dave Mayo, who founded FedFis and Bankers Helping Bankers, has died. FedFis announced Mayo's passing via a LinkedIn post. "Dave may no longer be with us, but his spirit lives on in the community he built," the post said. "Every time you share a memory and tag Bankers Helping Bankers, you’re keeping that spirit alive — and something tells us he’ll feel every one of them."

Hope Bancorp in Los Angeles has agreed to buy the commercial banking unit of SMBC MANUBANK. The $18.5 billion-asset Hope said in a press release that it will enter into a collaboration and partnership agreement with Sumitomo Mitsui Banking Corp. to provide commercial and consumer banking services to SMBC’s Japanese midsize business and retail customers. The deal is expected to close in the second half of this year. The price