Zions Bancorp. in Salt Lake City agreed to buy the Fannie Mae and Freddie Mac lending business of Basis Multifamily Finance I. The $89 billion-asset Zions said in a press release that the deal includes an experienced team, access to agency lending programs, and all associated mortgage servicing rights. Zions and Basis entered into a strategic partnership that will expand each company's real estate financing and capital formation efforts. The

Heritage Financial in Olympia, Wash., disclosed that it detected a cybersecurity incident in early March involving an internal file share server used by employees. The company said in a regulatory filing that it detected "the exfiltration of files" from the share server that may contain personal data. The bank’s customer accounts, customer systems and operations were not impacted. Heritage Financial said it immediately initiated its security incident response plan and

Oregon Coast Bank in Newport has agreed to buy Connect Community Bank in Raymond, Wash. The $449.6 million-asset Oregon Coast said in a press release that it plans to buy the $76.7 million-asset Connect in the second quarter. The price wasn't disclosed. “Our mission has always been to provide common sense, relationship-driven banking focused on the unique needs of our coastal communities,” Oregon Coast Bank CEO Lance Nunn said in

UBS has received final approval from the Office of the Comptroller of the Currency for a national bank charter. “This milestone really positions us well for the next phase of growth as we work to strengthen our U.S. banking platform and enhance how we will be able to serve our clients and advisers,” Rob Karofsky, president of UBS’s Americas division and co-president of global wealth management, said in a video

Citizens Bank of Las Cruces in New Mexico has a new leader. The $1.1 billion-asset bank said in a LinkedIn post that Travis Hillman had become its president and CEO. Hillman's profile also listed him as president of Amador Banc Shares. Hillman, who was a market president at Community National Bank in Midland, Texas, succeeded Jed Fanning, who remains an executive officer. Hillman "brings extensive experience in financial services and

First State Bancorp in Caruthersville, Mo., has agreed to buy Senath Bancshares in Senath, Mo. The holding company for the $642 million-asset First State Bank and Trust did not disclose how much it will pay for the parent of the $105.6 million-asset Senath State Bank. Performance Trust Capital Partners and Polsinelli advised First State. Friday Eldredge & Clark advised Senath.

Midwest Heritage in West Des Moines, Iowa, has agreed to buy Iowa Savings Bank in Carroll. Jeremy Gosch, chairman and CEO of Hy-Vee Company, disclosed the acquisition of the $290.4 million-asset Iowa Savings in a LinkedIn post. The acquisition would be the first for the $491.6 million-asset Midwest, which is a part of Hy-Vee. The price wasn't disclosed. "Iowa Savings Bank's relationship-focused approach to banking is a great match for

Landmark Credit Union in Milwaukee has agreed to buy a branch in McHenry, Ill., from North Shore Bank. The $7 billion-asset credit union said in a press release that it will also buy the deposits. The deal is expected to close in the second quarter. The price wasn't disclosed. The branch had $28.5 million in deposits in mid-2025, according to the Federal Deposit Insurance Corp. "This acquisition allows us to