TowneBank in Suffolk, Va., has agreed to buy Dogwood State Bank in Raleigh, N.C. The $18 billion-asset TowneBank said in a press release that it will pay $476.2 million in stock for the $2.4 billion-asset Dogwood. The deal is expected to close in early 2026. TowneBank also has a pending deal for Old Point Financial in Hampton, Va., which should close on Sept. 1. The acquisition of Dogwood is expected

Computer Services Inc. has agreed to buy digital banking platform provider Apiture. Live Oak Bankshares in Wilmington, N.C., disclosed in a regulatory filing that it will record a $20 million to $25 million pretax gain from selling its stake to CSI. Live Oak co-founded Apiture in 2017 as part of a joint venture with First Data. Live Oak will no longer recognize further pass-through losses from the investment after the

First Guaranty Bancshares in Hammond, La., has amended its second-quarter results to reflect a larger loan-loss provision and a bigger quarterly loss. The company disclosed in a regulatory filing that its loss widened from $5.8 million to $7.3 million. A big factor was the provision, which increased from $14.7 million to $16.6 million. First Guaranty also amended its release to note that total assets decreased by $4 billion from the

Klarna has arranged a new financing agreement where it will sell newly originated, short-term receivables from its Buy Now, Pay Later service to Nelnet Financial Services. Klarna said in a press release that up to $26 billion in total payment volumes should change hands as part of the agreement. Proceeds would be used to expand Klarna's U.S. presence while "enhancing balance sheet flexibility and supporting long-term capital strategy." The Swedish

First Interstate BancSystem in Billings, Mont., added some heft to its board. The company disclosed in a regulatory filing that Michael Scudder will serve as a director an initial term expiring at the 2028 annual meeting. Scudder retired as chairman of Old National Bancorp on January 2024. He was president and CEO of First Midwest Bancorp when it sold to Old National in 2022.

FS Bancorp in Mountlake Terrace, Wash., will soon have a new bank CEO. The $3.2 billion-asset company said in a press release that Matthew Mullet will take on the role at 1st Security Bank on Sept. 1. Mullet, who will remain president of FS Bancorp and the bank, will succeed Joe Adams, who will remain the company's CEO. “This succession ... has been carefully planned by the board," Ted Leech, FS

SunMark Bancshares in Perry, Ga., has agreed to buy Wheeler Bancshares in Alamo, Ga. The $381.6 million-asset SunMark did not disclose how much it will pay for the parent of the $181.9 million-asset Wheeler County State Bank. Performance Trust Capital Partners, which announced the deal on LinkedIn, advised Wheeler.

Capitol Bank in Madison, Wis., has a new CEO. Ken Thompson shared on his LinkedIn account that he had retired, though he will remain executive chairman of the $640.1 million-asset bank. Justin Hart, who was president, is now CEO. "My journey with Capitol Bank has been nothing short of extraordinary," he wrote in a post. "Reflecting on nearly three decades of growth, I am filled with pride."