Coastal Financial in Everett, Wash., reported a quarterly loss and disclosed that it is no longer in talks to buy deposits and assets from Evolve Bank & Trust in West Memphis, Ark. The $5.5 billion-asset company said in a press release that it lost $42.1 million in the second quarter, largely reflecting a $68.8 million credit expense tied to a single fintech partner relationship. Otherwise positive results were “offset by

Linker Finance raised $5 million in its latest seed round. The company, which helps banks figure out digital banking, has raised a total of $8.7 million. "Since our initial investment, Linker has continued to execute. The company is now live with 10+ community banks across multiple core banking platforms, helping financial institutions launch modern digital experiences in as little as eight weeks, rather than the years these implementations have traditionally

Bank of America in Charlotte, N.C., agreed to buy U.K. information security specialist M D SecMDSec Consulting. The deal is expected to close in the fourth quarter. The price wasn't disclosed. M D SecMDSec provides deeply technical information security-related consultancy services. "We have long admired the exceptional ability of the M D SecMDSec team and are delighted that Bank of America and its clients will now further benefit from their work," Kris Fador,

Century Bank in Santa Fe, N.M., which is facing a hostile takeover, has replaced its CEO. The $1.4 billion-asset bank confirmed that Max Myers, its vice chairman, became interim president and CEO on July 24. He replaced John Brichetto. Bank7 in Oklahoma City said in early July that it had agreed to buy a 71% stake in Century for $68 million in cash. The shares are being sold by a court-appointed

Alma Bank in Long Island City, N.Y., has agreed to buy American Community Bancorp in Glen Cove, N.Y. The $1.6 billion-asset Alma said in a press release that it plans to purchase the parent of the $300 million-asset American Community Bank in the first quarter. The price wasn't disclosed. "This partnership is grounded in a shared belief that banking is, first and foremost, about people," Michael Psyllos, Alma's president and

B2 Bank has moved its headquarters to Utah. The bank said in a press release that it relocated from Mountain Iron, Minn., to Holladay, Utah. The move positions B2 Bank in a fast-growing fintech corridor, expanding access to talent and supporting its long-term strategic goals. “Relocating our headquarters to Holladay is a defining step in B2 Bank’s growth into a truly national bank,” Ryan Jaskiewicz, the bank's CEO, said in

Community State Bank in Orbisonia, Pa., has a new leader. The $400 million-asset bank said in a press release that Nicole Wilson had become its CEO. Wilson, who remains president, succeeded Michael Bibak, who retired. “From the outset, the timing of Mike’s departure was intentionally flexible, allowing it to be guided by the progress of the transition to Nicole Wilson and her leadership team," Jessica Tice, the bank's chairman, said

Pioneer Bancorp in Albany, N.Y., has acquired The College Advisor of New York, a firm that helps families navigate the college search and admissions process. The College Advisor of New York provides personalized guidance, hands‑on support, and assistance identifying colleges that are the right academic, personal, and financial fit. The price wasn't disclosed. Dean Skarlis, founder and president of The College Advisor of New York, will lead the $2 billion-asset