Mantl, a fintech that offers account origination solutions, will add consumer and business loan origination technology to its platform. Mantl Loan Origination can automate up to 100% of the loan application and decisioning process for personal and business loans. Mantl said the product can integrate with all major core banking systems. It combines account opening with loan origination, potentially shortening the process to less than three minutes. "By integrating deposit

Washington Trust Bancorp in Westerly, R.I., and Flusing Financial in Uniondale, N.Y., are selling common stock. The $7.1 billion-asset company said in a press release that it plans to sell 1.9 million shares of stock at $34 each. It expects gross proceeds of $61.8 million. It could sell another 287,000 shares if there is ample demand. The offering should close on Monday. Washington Trust plans to use net proceeds to

Global Federal Credit Union in Anchorage, Alaska, has pushed back the timeline for buying First Financial Bank Northwest in Renton, Wash., as they continue to wait for regulatory approval. Global agreed to buy the bank in January for about $231.2 million. The credit union said at the time that it expected to close the deal in the fourth quarter. In an update sent to First Financial's shareholders, the bank said

Dime Community Bancshares in Hauppauge, N.Y., which recently raised capital, repositioned its securities portfolio and began winding down its pension program. The company said in a press release that it sold $379 million of debt securities, using the proceeds to buy $379 million of higher-yielding debt securities. Dime expects to recognize a $43 million pretax loss from the sale. Dime also said it has started distributing payments to eligible participants

Farmers and Merchants Bank in Boswell, Ind., will soon have a new president. The $200 million-asset bank said in a press release that Donald Blume will succeed Grant Whaley on Jan. 1. Whaley will remain chairman and CEO. Blume is an executive vice president at the bank and a director at parent Farmers and Merchants Bancorp. “I know Donald will be a great leader for our bank and help us

The Consumer Financial Protection Bureau is exempting smaller banks from a final rule capping overdraft fees. The CFPB's final rule required banks with more than $10 billion of assets to either cap fees at $5, determine a fee that covers costs and losses, or disclose the terms of overdrafts like they would other loans. "For financial institutions that wish to profit from overdraft lending, they may do so by complying

Solutions Plus Bank, a de novo proposed for Albertville, Ala., has secured conditional approval from the Federal Deposit Insurance Corp. The proposed bank’s organizers applied with the FDIC  in August. The agency is requiring organizers to raise $27 million before the bank can open. A group in Albertville, Ala., has applied to form a new bank. There are 13 organizers: John Weathers, Myra Pierce, Thomas Carroll, Susan Armstrong, Tony Cochran, Jeannie

Coastal Financial in Everett, Wash., and Financial Institutions in Warsaw, N.Y., are raising capital by selling common stock. The $4.1 billion-asset Coastal said in a press release that it is selling 1.2 million shares of stock at $71 each. It could sell another 180,000 shares if there is enough demand. Gross proceeds from the offering could range from $85.2 million to $98 million. Net proceeds could be used to support