New Independent Bancshares in New Washington, Ind., has agreed to buy State Bank of Medora in Indiana. The deal is expected to close in the second half of this year. The $614.7 million-asset New Independent did not disclose how much it will pay for the $103.4 million-asset State Bank of Medora. Olsen Palmer advised New Independent.

TDECO in Houston has terminated an agreement to buy Sabine State Bank and Trust in Many, La. The $4.8 billion-asset credit union agreed in April 2024 to buy the $1.2 billion-asset Sabine in a deal that was expected to close earlier this year. The price wasn’t disclosed. It would have a been a huge acquisition for a credit union. Sabine, which has 51 branches in western Louisiana and east Texas,

Climate First Bancorp in Orlando, Fla., raised $46 million by selling common stock. The company said in a press release that the capital will help it expand its national solar and renewable energy platforms, along with other socially responsible financing efforts. "This major new investment is a reflection of the national commitment to combat the climate crisis," Ken LaRoe, the company's CEO, said in the release. "Despite all of the

Broadway Bank in San Antonio, Texas, is looking for a new leader. The $5.7 billion-asset bank said in a press release that David Bohne had retired as CEO. Harvey Hartenstine, the bank's president and chief banking executive, was named interim CEO as the board looks for a permanent replacement.

Northfield Savings Bank in Northfield, Vt., will soon have a new leader. The $1.6 billion bank said in a press release that Joseph Bator will become president and CEO and join the board on Sept. 1. Bator, who recently served as a regional vice president in New Hampshire for TD Bank, will succeed the retiring Thomas Leavitt. Bator "is a strategic and values-driven leader with deep commercial banking experience and

Unity Bancorp in Clinton, N.J., reported increased earnings after it found a way to liquidate its holdings in Patriot National Bancorp in Stamford, Conn. The $2.9 billion-asset Unity said in a press release that its second-quarter earnings rose by 74% from a year earlier, to $16.5 million. The quarter included a $3.5 million pretax gain realized on the sale of securities and a $2 million release for credit losses on

A group is looking to buy a bank in Wyoming. Integra BG was formed to acquire an unnamed state-chartered bank near Jackson Hole that it plans to rebrand as Tanager Bank, Chris Woolley, a member of the group, shared in a LinkedIn post. Integra will also conduct a private capital raise and implement new technology, Wooley said. "The combined experience of the board and management team will provide leadership with

Organizers of a proposed Korean-American bank in Los Angeles have received conditional approval from the Federal Deposit Insurance Corp. The group behind the proposed Quantum Bank must raise $35 million in capital before opening the bank. Organizers originally filed to open QIB Bank in March 2024 before changing the name. “The bank intends to operate as a full-service commercial bank providing a wide range of traditional banking products and services