Associated Banc-Corp in Green Bay, Wis., will report a net loss in the fourth quarter after repositioning its securities portfolio for a second time. The $42.2 billion-asset company, which raised capital last month, said in a press release that it sold about $1.3 billion of investment securities and that it agreed to sell about $700 million of mortgage loans. The loan sale is expected to close in the first quarter.

Lake Shore Bancorp in Dunkirk, N.Y., has been freed from a regulatory order. The $698 million-asset company said in a press release that the Office of the Comptroller of the Currency released Lake Shore Savings Bank from its consent order. The order required the bank to correct deficiencies tied to IT, automated clearing house, audit, management, and Bank Secrecy Act/anti-money laundering. The OCC also terminated its “troubled condition” status for

BankTech Ventures has invested in SOLO, a data collection platform. BankTech Ventures said in a press release that SOLO’s platform enables secure, streamlined data collection and activation that lets banks make more-efficient and proactive underwriting decisions. The size of the investment wasn't disclosed. “SOLO’s unique ability to address the present needs of banks and their customers, while still building for the future, is what sets them apart,” said Carey Ransom, Managing

Equity Bancshares in Wichita, Kan., is selling $80 million by selling common stock. The company said in a press release that it will sell about 1.8 million shares at $44.50 each. It could sell another 270,000 shares if there is enough demand. The offering should close on Dec. 4. Proceeds will be used to support continued growth, including potential acquisitions, investments in Equity Bank to support organic growth, and the

Valley National Bancorp in New York sold $925 million of commercial real estate loans at a loss. The $62 billion-asset company, which recently raised capital, said in a press release that it sold the loans, including $823 million of previously identified loans, to Brookfield Asset Management. The loans were sold at a roughly 1% discount, translating into an "incremental immaterial net loss." Valley will retain customer-facing servicing responsibilities. The sale

First National Bank of Omaha in Nebraska has shut down mobile banking platform Milli Bank. The $31.5 billion-asset bank closed the bank on Nov. 15. Milli Bank had offered a savings account with spending round-ups and auto-savings and a spending account with physical and virtual debit cards. Customers with a remaining balance will receive checks for their balances, including any accrued interest. “Our mission has always been to help you

United Community Banks in Greenville, S.C., has agreed to buy ANB Holdings in Oakland Park, Fla. The $27.4 billion-asset United said in a press release that it will pay $80 million in stock for the parent of the $439 million-asset American National Bank. The deal is expected to close in the second quarter. ANB Bank has $322 million of loans and $374 million of deposits. "This transaction strengthens our presence

Lumin Digital, a cloud-native digital banking provider in San Ramon, Calif., raised more than $160 million in equity financing. Lumin Digital said in a press release that the financing was led by Light Street Capital, NewView Capital and Partners Group. Lumin Digital said it will use the funds to accelerate its strategic growth initiatives. “This is a powerful endorsement of Lumin Digital’s impact on the industry and enables us to