Titan, a fintech that helps financial institutions with the security, explainability, and domain expertise challenges with artificial intelligence, raised $3 million in new funding. Titan said in a press release that the funding round, led by Entropy Ventures, will support hiring as the fintech expands and builds banking‑native AI infrastructure. The fintech emerged from stealth in October 2025. Titan is Entropy Ventures Fund I’s inaugural investment. “Banking is one of

Truist Financial in Charlotte, N.C., added a heavy hitter to its board. The company said in a press release that Cathy Bessant had become a director and will serve on its risk committee. Bessant, who recently served as CEO of Foundation for the Carolinas, was a long-time Bank of America executive. She retired as BofA's vice chair of global strategy and a member of the executive management team.

Farmer Mac lines up its next CEO. The agricultural secondary market provider said in a press release that Zachary Carpenter will take on the role on July 1. Carpenter, who is president and chief operating officer, will succeed Bradford Nordholm. Nordholm, who is retiring, will become a senior advisor to the CEO. “The board has been very pleased with the thoughtful, cooperative, and seamless handoff between Brad and Zack over

Popular in San Juan, Puerto Rico, is dealing with a cybersecurity incident tied to its third-party core financial transaction processing and IT services provider. The company disclosed in a regulatory filing that the incident at Evertec included personal data of certain customers, including debit card numbers and other information. Popular implemented enhanced fraud monitoring measures to further protect customers. Popluar noted that it has a contractual right to be covered

First Carolina Financial Services in Raleigh, N.C., aims to raise $82.5 million from its planned initial public offering. The $3.4 billion-asset company disclosed in its prospectus that it plans to sell 5.5 million shares of common stock at a price range of $14 to $16 a share. Net proceeds could be deployed in several ways, including organic growth, acquisitions, refinancing debt, and working capital. The company raised $45 million in

OceanFirst Financial in Red Bank, N.J., agreed to sell a portfolio of multifamily loans as part of a balance sheet repositioning. The $23 billion-asset company said in a press release that it will sell $1.4 billion in loans, representing the majority of the multifamily loans it inherited when it bought Flushing Financial, to an unnamed buyer. The sale eliminated the majority of the bank’s exposure to rent-regulated properties in New

FirstSun Capital Bancorp in Denver sold a portfolio of multifamily loans it inherited from its purchase of First Foundation. FirstSun said in a press release that it sold loans with a total contractual balance of $890 million to entities affiliated with Brookfield Asset Management. The pricing wasn't disclosed. “Successfully completing the sale of this performing multifamily commercial real estate loan pool is a significant milestone in our balance sheet repositioning

A new buyer has emerged for Summit National Bank in Hulett, Wyo., after other sales efforts failed to close. Mode Eleven, the bank’s bankrupt holding company, recently received an offer from Kraken co-founder Arjun Sethi to buy the bank for $5.5 million, according to bankruptcy court documents. The offer includes a $750,000 nonrefundable deposit that can be used to provide an immediate capital infusion to Summit. The proposed sale marks