HomeStreet in Seattle could look to shed $800 million of multifamily loans if its planned sale to FirstSun Capital Bancorp in Denver is terminated. The $8.1 billion-asset FirstSun agreed in January to buy the $9.4 billion-asset HomeStreet in a deal that was originally expected to close in mid-2024. FirstSun planned to raise up to $235 million to help offset the costs tied to purging $300 million of HomeStreet's loans. The

Arrow Financial in Glen Falls, N.Y., has acquired an insurance agency. The $4.4 billion-asset company said in a press release that it bought A&B Agency during the third quarter. The price wasn't disclosed. The company also said it completed its previously announced purchase of a branch in Whitehall, N.Y., from Berkshire Hills Bancorp in Boston. Arrow also said it plans to complete the merger of its bank subsidiaries on Dec.

Bank of America in Charlotte, N.C., is in talks with several federal agencies over various aspects of its efforts to comply with the Bank Secrecy Act and anti-money laundering laws and regulations. The $3.3 trillion-asset company disclosed in its quarterly filing with the Securities and Exchange Commission that its conversations with regulators have covered issues such as transaction monitoring, training, governance and customer due diligence. The company could enter into

FirstSun Capital Bancorp in Denver and HomeStreet in Seattle are evaluating "an alternative regulatory structure" for their planned merger after the Federal Reserve asked them to withdraw their application. The $8.1 billion-asset FirstSun agreed in January to buy the $9.4 billion-asset HomeStreet for $286 million. FirstSun has pledged to raise up to $235 million in fresh capital in conjunction with the acquisition. The companies said in a press release that

Quaint Oak Bancorp in Southampton, Pa., has agreed to a sale-leaseback transaction with Mountainseed Real Estate Services. The $702 million-asset Quaint Oak said in a regulatory filing that it sold a property in Allentown, Pa., for about $2.9 million. The building serves as a branch and as the administrative offices for several of the Bank’s subsidiaries. The sale is expected to close this year. Quaint Oak agreed to lease the

Austin Bancorp in Jacksonville, Texas, has agreed to buy Chasewood Bank in Houston. The parent of the $2.8 billion-asset Austin Bank said in a press release that it expects to buy the $88 million-asset Chasewood in December. The price wasn't disclosed. Chasewood "will be able to continue banking in Houston while having local access to three additional offices in our southernmost region" Jeff Austin Jr., senior chairman at Austin Bank,

Casap, a startup created to help banks and fintechs combat first-party fraud, has raised $8.5 million in seed and pre-seed funding. Shanthi Shanmugam, the startup's CEO, said in a LinkedIn post that the funding was led by Lightspeed, Primary Venture Partners, Commerce Ventures, Curql and Alloy Labs. The proceeds will be used to scale the company's first AI-powered solution for banks, credit unions and fintechs. The product will provide real-time

An investor group aiming to disrupt the sale of Territorial Bancorp to Hope Bancorp in Los Angeles has shared more information with Territorial and lowered their tender offer threshold for buying the Honolulu company. The group, which included banking veteran Allen Landon and Blue Hill Advisors, said in a press release that it disclosed the identity of more of its investors with the $2.2 billion-asset Territorial's board. The group also