HomeTrust Bancshares in Asheville, N.C., has agreed to buy Blue Ridge Bankshares in Charlottesville, Va. The $4.4 billion-asset HomeTrust said in a press release that it will pay $448.1 million in stock for the $2.3 billion-asset Blue Ridge. The deal, which is expected to close in the first quarter, priced Blue Ridge at 140% of its tangible value. “This represents a compelling opportunity to further expand our presence in the

Entersekt, a global provider of digital banking fraud prevention and payment security, has a new leader. The company said that Clare Conway had become its CEO. Conway, who was chief operating officer, succeeded founder and former CEO Schalk Nolte. Nolte will remain on the board and will advise on market insight, innovation and long-term strategy.

Citigroup in New York has agreed to buy Kard Financial. Citi said in a press release that it the undisclosed purchase price is not material to its financial results. Kard operates a commerce media and rewards platform that helps banks and fintechs deepen client engagement through personalized offers. Its embedded, machine learning-powered personalization and matching capabilities simplify rewards for issuers. “We’re focused on helping customers get more value from their

Magnolia Bancorp in Metairie, La., is reshuffling its executive leadership team after Donice Wagner resigned as chief financial officer. Magnolia said in a regulatory filing that Wagner will also step down as the company's secretary on Aug. 21. Wagner, who accepted those roles in September 2025, told management that she wanted to return to her consulting practice. The departure comes just two months after Magnolia completed a planned leadership transition

First Guaranty Bancshares in Hammond, La., has entered into a consent order with the Federal Deposit Insurance Corp. and the Louisiana Office of Financial Institutions directed toward addressing credit issues. The $4.1 billion-asset company disclosed the enforcement action in a regulatory filing. The order stems from an examination conducted in mid-2025 and covers a broad set of issues spanning board oversight, capital levels, classified assets, credit administration, commercial real estate

Bank of America in Charlotte, N.C., has agreed to buy up to a 49.9% stake in a lending business in a joint with Jio Financial Services in Mumbai, India. BofA will pay up to $1.9 billion, in the form of equity shares and warrants, for a stake in Jio Credit, a digital-first lender with $3.2 billion of assets under management. The investment, which initially gives Bank of America a 26.5% equity

Blue Ridge Bankshares in Charlottesville, Va., booked a bigger second-quarter loss than it initially reported after increasing reserves on a problem loan. The $2.3 billion-asset company said in a press release that it lost $1.3 million in the second quarter, compared with the $200,000 loss it originally disclosed in late July. The company had previously reported an $800,000 profit for the first quarter. Blue Ridge said the commercial borrower tied

HBT Financial in Bloomington, Ill., has agreed to buy Tri-County Financial Group in Mendota, Ill. The $6.7 billion-asset HBT said in a press release that it will pay $204.6 million in cash and stock for the $1.6 billion-asset Tri-County. The deal, which priced Tri-County at 131% of its tangible book value, is expected to close in the first quarter. Tri-County has 19 branches, $1.3 billion of loans, and $1.3 billion