Yoakum National BancShares in Yoakum, Texas, has agreed to buy Ganado Bancshares in Ganado, Texas. Yoakum, the holding company for the $327 million-asset Yoakum National Bank, did not disclose how much it will pay for the parent of the $55.9 million-asset Citizens State Bank of Ganado. Performance Trust Capital Partners, which advised Yoakum, disclosed the deal via LinkedIn.

Quaint Oak Bancorp in Southampton, Pa., has a new president. The $701 million-asset company disclosed in a regulatory filing that William Gonzalez had taken on the new role and joined its board. He was president and chief operating officer of Quaint Oak Bank. Gonzalez succeeded Robert Strong, who remains CEO.

De novo BankMiami will open its doors next month. Organizers said in a LinkedIn post that the bank will debut on March 17. A proposed bank received conditional approval from the Federal Deposit Insurance Corp. in August that required the organizers to raise $31.3 million. Organizers submitted applications earlier that year. BankMiami said in its application that it should have $390 million of assets, $354 million of deposits and $272

1895 Bancorp of Wisconsin in Greenfield has hired an investment bank to help it explore strategic alternatives, which could include its sale. The $565 million-asset company said in a press release that it retained Keefe, Bruyette & Woods as its financial adviser. The company said it has not established a timeline for completing the review. “KBW is a preeminent investment banking firm serving our industry, and we look forward to

Varo Money, a fintech that successfully applied for a bank charter, is looking to raise more capital. Varo, which recently announced the planned departure of founding CEO Colin Walsh, disclosed in a Form D filed with the Securities and Exchange Commission that it is looking to raise $55 million. The company, which filed the document on Feb. 14, has raised about $29 million, or roughly 53% of its goal. Walsh

Winchester Bancorp in Winchester, Mass., is getting close to converting to a two-tier mutual holding company structure. The proposed holding company for the $873 million-asset Winchester Savings Bank signed an agency agreement for Raymond James to help market its common stock. Raymond James will receive a $25,000 management fee and a success fee equal to 1.15% of the aggregate dollar amount of shares sold, subject to a $400,000 minimum success

Automotive company Stellantis has applied to form an industrial loan company in Utah. The company, formed by the 2021 merger of Fiat Chrysler Automobiles and the PSA Group, submitted its application for Stellantis Bank USA on Feb. 11. The application wasn't immediately available. The filing comes just days after General Motors resubmitted its application to form an ILC.

A proposed bank in Avon, Colo., continues to make progress on its fundraising goal. Battle Financial disclosed on LinkedIn that it brought in $1.8 million by issuing convertible debt in January. Organizers have now raised nearly $8.8 million, nearing 60% of their goal. The group first applied for deposit insurance in March 2022, outlining a plan that included dealing in precious metals and offering deposit swap services to registered investment